10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 10-Q

 (Mark One)

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2014

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission file number001-00035

GENERAL ELECTRIC COMPANY

(Exact name of registrant as specified in its charter)

New York	14-0689340
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
3135 Easton Turnpike, Fairfield, CT	06828-0001
(Address of principal executive offices)	(Zip Code)
(Registrant's telephone number, including area code)(203) 373-2211 _______________________________________________ (Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þNo ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes þNo ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer þ	Accelerated filer ¨
Non-accelerated filer ¨	Smaller reporting company ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No þ

There were 10,042,192,011 shares of common stock with a par value of $0.06 per share outstanding at September 30, 2014.

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General Electric Company

	Page
PART I - FINANCIAL INFORMATION
Item 1.Financial Statements
Condensed Statement of Earnings	4
Condensed, Consolidated Statement of Comprehensive Income	6
Condensed, Consolidated Statement of Changes in Shareowners' Equity	6
Condensed Statement of Financial Position	7
Condensed Statement of Cash Flows	8
Notes to Condensed, Consolidated Financial Statements (Unaudited)	9
Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations	53
Item 3.    Quantitative and Qualitative Disclosures About Market Risk	79
Item 4.Controls and Procedures	79
PART II - OTHER INFORMATION
Item 1.Legal Proceedings Item 2.      Purchases of Equity Securities by the Issuer and Affiliated Purchasers Item 6.Exhibits    Signatures	80 81 82 83

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FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target." Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about expected income; earnings per share; revenues; organic growth; margins; cost structure; restructuring charges; cash flows; return on capital; capital expenditures, capital allocation or capital structure; dividends; and the split between Industrial and GE Capital earnings. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: current economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets; the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporation's (GECC) funding, GECC's exposure to counterparties and our ability to reduce GECC's asset levels as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; pending and future mortgage securitization claims and litigation in connection with WMC, which may affect our estimates of liability, including possible loss estimates; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; GECC's ability to pay dividends to GE at the planned level, which may be affected by GECC's cash flows and earnings, financial services regulation and oversight, and other factors; our ability to convert pre-order commitments/wins into orders; the price we realize on orders since commitments/wins are stated at list prices; customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that may affect the level of demand and financial performance of the major industries and customers we serve; the effectiveness of our risk management framework; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; adverse market conditions, timing of and ability to obtain required bank regulatory approvals, or other factors relating to us or Synchrony Financial that could prevent us from completing the Synchrony split-off as planned; our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions; our success in completing announced transactions, such as the proposed transactions and alliances with Alstom, and our ability to realize anticipated earnings and savings; our success in integrating acquired businesses and operating joint ventures; the impact of potential information technology or data security breaches; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2013. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

CORPORATE INFORMATION

GE's Investor Relations website at www.ge.com/investor and our corporate blog at www.gereports.com, as well as GE's Facebook page and Twitter accounts, contain a significant amount of information about GE, including financial and other information for investors. GE encourages investors to visit these websites from time to time, as information is updated and new information is posted.

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PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS.

General Electric Company and consolidated affiliates
Condensed Statement of Earnings
(Unaudited)
	Three months ended September 30
	Consolidated				GE(a)				Financial Services (GECC)
(In millions, except share amounts)	2014		2013		2014		2013		2014		2013
Revenues and other income
Sales of goods	$	18,723	$	17,967	$	18,764	$	17,994	$	28	$	33
Sales of services		7,167		7,185		7,261		7,268		-		-
Other income		258		363		236		271		-		-
GECC earnings from continuing operations		-		-		1,492		1,903		-		-
GECC revenues from services (Note 12)		10,026		10,146		-		-		10,423		10,573
Total revenues and other income		36,174		35,661		27,753		27,436		10,451		10,606
Costs and expenses
Cost of goods sold		15,232		14,657		15,274		14,690		25		29
Cost of services sold		4,508		4,798		4,603		4,881		-		-
Interest and other financial charges		2,357		2,445		377		338		2,093		2,224
Investment contracts, insurance losses and
insurance annuity benefits		662		672		-		-		700		714
Provision for losses on financing receivables		957		789		-		-		957		789
Other costs and expenses		8,543		8,680		3,686		3,921		5,082		4,934
Total costs and expenses		32,259		32,041		23,940		23,830		8,857		8,690
Earnings from continuing operations
before income taxes		3,915		3,620		3,813		3,606		1,594		1,916
Benefit (provision) for income taxes		(463)		(348)		(416)		(344)		(47)		(3)
Earnings from continuing operations		3,452		3,272		3,397		3,262		1,547		1,913
Earnings (loss) from discontinued operations,
net of taxes		57		(91)		57		(91)		57		(91)
Net earnings		3,509		3,181		3,454		3,171		1,604		1,822
Less net earnings (loss) attributable to
noncontrolling interests		(28)		(10)		(83)		(20)		55		10
Net earnings attributable to the Company		3,537		3,191		3,537		3,191		1,549		1,812
Preferred stock dividends declared		-		-		-		-		-		-
Net earnings attributable to GE common
shareowners	$	3,537	$	3,191	$	3,537	$	3,191	$	1,549	$	1,812
Amounts attributable to GE common shareowners:
Earnings from continuing operations	$	3,452	$	3,272	$	3,397	$	3,262	$	1,547	$	1,913
Less net earnings (loss) attributable       to noncontrolling interests		(28)		(10)		(83)		(20)		55		10
Earnings from continuing operations attributable
to the Company		3,480		3,282		3,480		3,282		1,492		1,903
GECC preferred stock dividends declared		-		-		-		-		-		-
Earnings from continuing operations attributable
to GE common shareowners		3,480		3,282		3,480		3,282		1,492		1,903
Earnings (loss) from discontinued operations,
net of taxes		57		(91)		57		(91)		57		(91)
Net earnings attributable to GE common shareowners	$	3,537	$	3,191	$	3,537	$	3,191	$	1,549	$	1,812
Per-share amounts
Earnings from continuing operations
Diluted earnings per share	$	0.34	$	0.32
Basic earnings per share	$	0.35	$	0.32
Net earnings
Diluted earnings per share	$	0.35	$	0.31
Basic earnings per share	$	0.35	$	0.31
Dividends declared per common share	$	0.22	$	0.19

(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.

See Note 3 for other-than-temporary impairment amounts.

See accompanying notes. Separate information is shown for "GE" and "Financial Services (GECC)." Transactions between GE and GECC have been eliminated from the "Consolidated" columns.

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General Electric Company and consolidated affiliates
Condensed Statement of Earnings
(Unaudited)
	Nine months ended September 30
	Consolidated				GE(a)				Financial Services (GECC)
(In millions, except share amounts)	2014		2013		2014		2013		2014		2013
Revenues and other income
Sales of goods	$	53,893	$	50,902	$	54,017	$	50,970	$	89	$	90
Sales of services		21,945		20,939		22,245		21,218		-		-
Other income		792		2,082		689		1,893		-		-
GECC earnings from continuing operations		-		-		5,289		5,765		-		-
GECC revenues from services (Note 12)		29,955		31,740		-		-		31,124		32,900
Total revenues and other income		106,585		105,663		82,240		79,846		31,213		32,990
Costs and expenses
Cost of goods sold		43,600		41,390		43,729		41,474		81		75
Cost of services sold		14,668		13,871		14,969		14,150		-		-
Interest and other financial charges		7,116		7,648		1,142		988		6,325		6,994
Investment contracts, insurance losses and
insurance annuity benefits		1,940		2,022		-		-		2,041		2,131
Provision for losses on financing receivables		2,895		3,256		-		-		2,895		3,256
Other costs and expenses		25,216		25,984		11,355		11,881		14,477		14,631
Total costs and expenses		95,435		94,171		71,195		68,493		25,819		27,087
Earnings from continuing operations
before income taxes		11,150		11,492		11,045		11,353		5,394		5,903
Benefit (provision) for income taxes		(1,172)		(1,166)		(1,143)		(1,065)		(29)		(100)
Earnings from continuing operations		9,978		10,326		9,902		10,288		5,365		5,803
Earnings (loss) from discontinued operations,
net of taxes		28		(335)		28		(335)		33		(334)
Net earnings		10,006		9,991		9,930		9,953		5,398		5,469
Less net earnings (loss) attributable to
noncontrolling interests		(75)		140		(151)		102		76		38
Net earnings attributable to the Company		10,081		9,851		10,081		9,851		5,322		5,431
Preferred stock dividends declared		-		-		-		-		(161)		(135)
Net earnings attributable to GE common
shareowners	$	10,081	$	9,851	$	10,081	$	9,851	$	5,161	$	5,296
Amounts attributable to GE common shareowners:
Earnings from continuing operations	$	9,978	$	10,326	$	9,902	$	10,288	$	5,365	$	5,803
Less net earnings (loss) attributable       to noncontrolling interests		(75)		140		(151)		102		76		38
Earnings from continuing operations attributable
to the Company		10,053		10,186		10,053		10,186		5,289		5,765
GECC preferred stock dividends declared		-		-		-		-		(161)		(135)
Earnings from continuing operations attributable
to GE common shareowners		10,053		10,186		10,053		10,186		5,128		5,630
Earnings (loss) from discontinued operations,
net of taxes		28		(335)		28		(335)		33		(334)
Net earnings attributable to GE common shareowners	$	10,081	$	9,851	$	10,081	$	9,851	$	5,161	$	5,296
Per-share amounts
Earnings from continuing operations
Diluted earnings per share	$	0.99	$	0.98
Basic earnings per share	$	1.00	$	0.99
Net earnings
Diluted earnings per share	$	0.99	$	0.95
Basic earnings per share	$	1.00	$	0.96
Dividends declared per common share	$	0.66	$	0.57

(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.

See Note 3 for other-than-temporary impairment amounts.

See accompanying notes. Separate information is shown for "GE" and "Financial Services (GECC)." Transactions between GE and GECC have been eliminated from the "Consolidated" columns.

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General Electric Company and consolidated affiliates
Condensed, Consolidated Statement of Comprehensive Income
(Unaudited)
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Net earnings	$	3,509	$	3,181	$	10,006	$	9,991
Less net earnings (loss) attributable to
noncontrolling interests		(28)		(10)		(75)		140
Net earnings attributable to the Company	$	3,537	$	3,191	$	10,081	$	9,851
Other comprehensive income (loss)
Investment securities	$	(284)	$	170	$	450	$	(362)
Currency translation adjustments		(1,590)		(383)		(1,649)		(469)
Cash flow hedges		55		58		136		351
Benefit plans		859		765		2,072		2,826
Other comprehensive income (loss)		(960)		610		1,009		2,346
Less other comprehensive income (loss) attributable to
noncontrolling interests		(8)		10		(1)		(21)
Other comprehensive income (loss) attributable to the Company	$	(952)	$	600	$	1,010	$	2,367
Comprehensive income	$	2,549	$	3,791	$	11,015	$	12,337
Less comprehensive income (loss) attributable to
noncontrolling interests		(36)		-		(76)		119
Comprehensive income attributable to the Company	$	2,585	$	3,791	$	11,091	$	12,218

Amounts presented net of taxes. See Note 11 for further information about other comprehensive income and noncontrolling interests.

See accompanying notes.

General Electric Company and consolidated affiliates
Condensed, Consolidated Statement of Changes in Shareowners' Equity
(Unaudited)
	Nine months ended September 30
(In millions)		2014		2013
GE shareowners' equity balance at January 1	$	130,566	$	123,026
Increases from net earnings attributable to the Company		10,081		9,851
Dividends and other transactions with shareowners		(6,635)		(5,839)
Other comprehensive income (loss) attributable to the Company		1,010		2,367
Net sales (purchases) of shares for treasury		(444)		(6,454)
Changes in other capital		420		(259)
Ending balance at September 30		134,998		122,692
Noncontrolling interests		8,513		6,353
Total equity balance at September 30	$	143,511	$	129,045

See Note 11 for further information about changes in shareowners' equity.

See accompanying notes.

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General Electric Company and consolidated affiliates
Condensed Statement of Financial Position
	Consolidated				GE(a)				Financial Services (GECC)
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
(In millions, except share amounts)	2014		2013		2014		2013		2014		2013
	(Unaudited)				(Unaudited)				(Unaudited)
Assets
Cash and equivalents	$	90,439	$	88,555	$	10,576	$	13,682	$	79,863	$	74,873
Investment securities (Note 3)		47,016		43,981		318		323		46,701		43,662
Current receivables		21,957		21,388		11,461		10,970		-		-
Inventories (Note 4)		19,431		17,325		19,374		17,257		57		68
Financing receivables – net (Note 5 and 18)		226,553		241,940		-		-		237,405		253,029
Other GECC receivables		8,601		9,114		-		-		15,273		16,513
Property, plant and equipment – net (Note 6)		65,460		68,827		16,677		17,574		49,135		51,607
Investment in GECC		-		-		81,323		77,745		-		-
Goodwill (Note 7)		77,859		77,648		52,193		51,453		25,666		26,195
Other intangible assets – net (Note 7)		14,357		14,310		13,167		13,180		1,195		1,136
All other assets		71,241		70,808		24,705		23,708		47,140		47,366
Assets of businesses held for sale (Note 2)		5,777		50		2,619		-		3,158		50
Assets of discontinued operations (Note 2)		1,330		2,339		9		9		1,321		2,330
Total assets(b)	$	650,021	$	656,285	$	232,422	$	225,901	$	506,914	$	516,829
Liabilities and equity
Short-term borrowings (Note 8)	$	69,916	$	77,890	$	2,043	$	1,841	$	68,676	$	77,298
Accounts payable, principally trade accounts		16,758		16,471		15,693		16,353		7,182		6,549
Progress collections and price adjustments accrued		12,384		13,125		12,397		13,152		-		-
Dividends payable		2,209		2,220		2,209		2,220		-		-
Other GE current liabilities		12,695		13,381		12,695		13,381		-		-
Non-recourse borrowings of consolidated
securitization entities (Note 8)		30,231		30,124		-		-		30,231		30,124
Bank deposits (Note 8)		60,815		53,361		-		-		60,815		53,361
Long-term borrowings (Note 8)		213,179		221,665		14,543		11,515		198,735		210,279
Investment contracts, insurance liabilities
and insurance annuity benefits		27,491		26,544		-		-		27,991		26,979
All other liabilities		56,347		61,057		40,214		40,955		16,593		20,531
Deferred income taxes		1,612		(275)		(4,084)		(5,061)		5,696		4,786
Liabilities of businesses held for sale (Note 2)		1,721		6		807		-		914		6
Liabilities of discontinued operations (Note 2)		1,152		3,933		148		143		1,004		3,790
Total liabilities(b)		506,510		519,502		96,665		94,499		417,837		433,703
GECC preferred stock (50,000 shares outstanding
at both September 30, 2014 and December 31, 2013)		-		-		-		-		-		-
Common stock (10,042,192,000 and 10,060,881,000
shares outstanding at September 30, 2014 and
December 31, 2013, respectively)		702		702		702		702		-		-
Accumulated other comprehensive income (loss) – net(c)
Investment securities		755		307		755		307		830		309
Currency translation adjustments		(1,518)		126		(1,518)		126		(1,196)		(687)
Cash flow hedges		(121)		(257)		(121)		(257)		(105)		(293)
Benefit plans		(7,226)		(9,296)		(7,226)		(9,296)		(360)		(363)
Other capital		32,914		32,494		32,914		32,494		32,999		32,563
Retained earnings		152,497		149,051		152,497		149,051		54,105		51,165
Less common stock held in treasury		(43,005)		(42,561)		(43,005)		(42,561)		-		-
Total GE shareowners' equity		134,998		130,566		134,998		130,566		86,273		82,694
Noncontrolling interests(d) (Note 11)		8,513		6,217		759		836		2,804		432
Total equity		143,511		136,783		135,757		131,402		89,077		83,126
Total liabilities and equity	$	650,021	$	656,285	$	232,422	$	225,901	$	506,914	$	516,829

(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.

(b) Our consolidated assets at September 30, 2014 included total assets of $49,456 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included net financing receivables of $42,799 million and investment securities of $3,500 million. Our consolidated liabilities at September 30, 2014 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $28,780 million. See Note 16.

(c) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(8,110) million and $(9,120) million at September 30, 2014 and December 31, 2013, respectively.

(d) Included AOCI attributable to noncontrolling interests of $(181) million and $(180) million at September 30, 2014 and December 31, 2013, respectively.

See accompanying notes. Separate information is shown for "GE" and "Financial Services (GECC)." Transactions between GE and GECC have been eliminated from the "Consolidated" columns.

(7)

General Electric Company and consolidated affiliates
Condensed Statement of Cash Flows
	Nine months ended September 30 (Unaudited)
	Consolidated				GE(a)				Financial Services (GECC)
(In millions)	2014		2013		2014		2013		2014		2013
Cash flows – operating activities
Net earnings	$	10,006	$	9,991	$	9,930	$	9,953	$	5,398	$	5,469
Less net earnings (loss) attributable to noncontrolling interests		(75)		140		(151)		102		76		38
Net earnings attributable to the Company		10,081		9,851		10,081		9,851		5,322		5,431
(Earnings) loss from discontinued operations		(28)		335		(28)		335		(33)		334
Adjustments to reconcile net earnings attributable to the
Company to cash provided from operating activities
Depreciation and amortization of property,
plant and equipment		6,995		7,152		1,891		1,783		5,104		5,369
Earnings from continuing operations retained by GECC(b)		-		-		(3,068)		(1,818)		-		-
Deferred income taxes		(1,937)		(2,043)		(618)		(2,568)		(1,319)		525
Decrease (increase) in GE current receivables		(691)		196		(535)		(1,262)		-		-
Decrease (increase) in inventories		(2,768)		(1,795)		(2,771)		(1,759)		20		-
Increase (decrease) in accounts payable		1,377		971		1,054		574		811		741
Increase (decrease) in GE progress collections		(735)		918		(748)		944		-		-
Provision for losses on GECC financing receivables		2,895		3,256		-		-		2,895		3,256
All other operating activities		921		(1,631)		1,917		1,748		(1,083)		(3,848)
Cash from (used for) operating activities – continuing
operations		16,110		17,210		7,175		7,828		11,717		11,808
Cash from (used for) operating activities – discontinued
operations		135		(48)		(1)		(2)		136		(46)
Cash from (used for) operating activities		16,245		17,162		7,174		7,826		11,853		11,762
Cash flows – investing activities
Additions to property, plant and equipment		(9,701)		(10,129)		(2,806)		(2,705)		(7,351)		(7,581)
Dispositions of property, plant and equipment		4,914		4,119		-		-		4,935		4,119
Net decrease (increase) in GECC financing receivables		849		7,324		-		-		963		8,598
Proceeds from sale of discontinued operations		232		-		-		-		232		-
Proceeds from principal business dispositions		607		1,101		579		260		-		841
Proceeds from sale of equity interest in NBCU LLC		-		16,699		-		16,699		-		-
Net cash from (payments for) principal businesses purchased		(2,090)		(1,617)		(2,090)		(8,001)		-		6,384
All other investing activities		3,501		14,538		(254)		(946)		4,901		15,922
Cash from (used for) investing activities – continuing
operations		(1,688)		32,035		(4,571)		5,307		3,680		28,283
Cash from (used for) investing activities – discontinued
operations		(231)		(13)		1		2		(232)		(15)
Cash from (used for) investing activities		(1,919)		32,022		(4,570)		5,309		3,448		28,268
Cash flows – financing activities
Net increase (decrease) in borrowings (maturities of
90 days or less)		(5,957)		(9,949)		(704)		(164)		(6,611)		(9,917)
Net increase (decrease) in bank deposits		9,004		(2,229)		-		-		9,004		(2,229)
Newly issued debt (maturities longer than 90 days)		33,490		41,456		3,058		101		30,432		41,355
Repayments and other reductions (maturities longer
than 90 days)		(41,984)		(55,451)		(215)		(5,051)		(41,768)		(50,396)
Proceeds from issuance of GECC preferred stock		-		990		-		-		-		990
Net dispositions (purchases) of GE shares for treasury		(1,359)		(7,496)		(1,359)		(7,496)		-		-
Dividends paid to shareowners		(6,643)		(5,895)		(6,643)		(5,895)		(2,382)		(4,082)
Proceeds from initial public offering of Synchrony Financial		2,842		-		-		-		2,842		-
All other financing activities		(466)		(445)		246		115		(552)		(425)
Cash from (used for) financing activities – continuing
operations		(11,073)		(39,019)		(5,617)		(18,390)		(9,035)		(24,704)
Cash from (used for) financing activities – discontinued
operations		(6)		22		-		-		(6)		22
Cash from (used for) financing activities		(11,079)		(38,997)		(5,617)		(18,390)		(9,041)		(24,682)
Effect of currency exchange rate changes on cash
and equivalents		(1,360)		(1,038)		(93)		(52)		(1,267)		(986)
Increase (decrease) in cash and equivalents		1,887		9,149		(3,106)		(5,307)		4,993		14,362
Cash and equivalents at beginning of year		88,787		77,459		13,682		15,509		75,105		62,044
Cash and equivalents at September 30		90,674		86,608		10,576		10,202		80,098		76,406
Less cash and equivalents of discontinued operations
at September 30		130		152		-		-		130		152
Cash and equivalents of continuing operations
at September 30	$	90,544	$	86,456	$	10,576	$	10,202	$	79,968	$	76,254

(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.

(b) Represents GECC earnings from continuing operations attributable to the Company, net of GECC dividends paid to GE.

See accompanying notes. Separate information is shown for "GE" and "Financial Services (GECC)." Transactions between GE and GECC have been eliminated from the "Consolidated" columns and are discussed in Note 17.

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NOTES TO CONDENSED, CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying condensed, consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (2013 consolidated financial statements), which discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), "GE" represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), whose continuing operations are presented on a one-line basis; GECC consists of General Electric Capital Corporation and all of its affiliates; and "Consolidated" represents the adding together of GE and GECC with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as "revenues" throughout Item 1 of this Form 10-Q.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the condensed, consolidated financial statements relates to continuing operations.

Interim Period Presentation

The condensed, consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed, consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these condensed, consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2013 consolidated financial statements. We label our quarterly information using a calendar convention, that is, first quarter is labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30. It is our longstanding practice to establish interim quarterly closing dates using a fiscal calendar, which requires our businesses to close their books on either a Saturday or Sunday, depending on the business. The effects of this practice are modest and only exist within a reporting year. The fiscal closing calendar for 2014 is available on our website, www.ge.com/secreports.

Synchrony Financial Initial Public Offering

On August 5, 2014, we completed the initial public offering (IPO) of our North American Retail Finance business, Synchrony Financial, as a first step in a planned, staged exit from that business. Synchrony Financial closed the IPO of 125 million shares of common stock at a price to the public of $23.00 per share and on September 3, 2014, Synchrony Financial issued an additional 3.5 million shares of common stock pursuant to an option granted to the underwriters in the IPO (Underwriters' Option).  We received net proceeds from the IPO and the Underwriters' Option of $2,842 million, which remain at Synchrony Financial. Following the closing of the IPO and the Underwriters' Option, we currently own approximately 85% of Synchrony Financial and as a result, GECC will continue to consolidate the business. In addition, in August 2014, Synchrony Financial completed issuances of $3,593 million of senior unsecured debt with maturities up to 10 years and $8,000 million of unsecured term loans maturing in 2019 under the New Bank Term Loan Facility with third party lenders.

Summary of Significant Accounting Policies

See the Notes in our 2013 consolidated financial statements for a summary of our significant accounting policies.

Accounting Changes

On January 1, 2014, we adopted Accounting Standards Update (ASU) 2013-05, Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. Under the revised guidance, the entire amount of the cumulative translation adjustment associated with the foreign entity will be released into earnings in the following circumstances: (a) the sale of a subsidiary or group of net assets within a foreign entity that represents a complete or substantially complete liquidation of that entity, (b) the loss of a controlling financial interest in an investment in a foreign entity, or (c) when the accounting for an investment in a foreign entity changes from the equity method to full consolidation. The revised guidance applies prospectively to transactions or events occurring on or after January 1, 2014.

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On January 1, 2014, we adopted ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. Under the new guidance, an unrecognized tax benefit is required to be presented as a reduction to a deferred tax asset if the disallowance of the tax position would reduce the available tax loss or tax credit carryforward instead of resulting in a cash tax liability. The ASU applies prospectively to all unrecognized tax benefits that exist as of the adoption date and reduced both deferred tax assets and income tax liabilities by $1,224 million as of January 1, 2014.

In the second quarter of 2014, the Company elected to early adopt ASU 2014-08, Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. This ASU changes the criteria for reporting discontinued operations. To be classified as a discontinued operation, the disposal of a component or group of components must represent a strategic shift that has, or will have, a major effect on an entity's operations and financial results. The ASU also expands the disclosure requirements for those transactions that meet the new criteria to be classified as discontinued operations. The revised accounting guidance applies prospectively to all disposals (or classifications as held for sale) of components of an entity and for businesses that, upon acquisition, are classified as held for sale on or after adoption. Early adoption is permitted for disposals (or classifications as held for sale) that have not been previously reported in financial statements. The effects of applying the revised guidance will vary based upon the nature and size of future disposal transactions. It is expected that fewer disposal transactions will meet the new criteria to be reported as discontinued operations.

2. ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS

Assets and Liabilities of Businesses Held for Sale

In the third quarter of 2014, we signed an agreement to sell our Appliances business with assets of $2,619 million and liabilities of $807 million to Electrolux for $3.3 billion. The transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.

In the second quarter of 2014, we committed to sell GE Money Bank AB, our consumer finance business in Sweden, Denmark and Norway (GEMB-Nordic) with assets of $3,158 million and liabilities of $914 million to Santander. The transaction is targeted to close in the fourth quarter of 2014.

In the first quarter of 2013, we committed to sell certain of our machining & fabrication businesses at Aviation and our Consumer auto and personal loan business in Portugal. We completed the sale of our machining & fabrication business on December 2, 2013 for proceeds of $108 million. We completed the sale of our Consumer auto and personal loan business in Portugal on July 15, 2013 for proceeds of $83 million.

Financial Information for Assets and Liabilities of Businesses Held for Sale
(In millions)	September 30, 2014		December 31, 2013
Assets
Cash and equivalents	$	105	$	5
Inventories		696		-
Financing receivables – net		2,684		-
Property, plant, and equipment – net		915		-
Goodwill		590		24
Intangible assets – net		120		2
Other		667		19
Assets of businesses held for sale	$	5,777	$	50
Liabilities
Accounts payable	$	480	$	1
Other current liabilities		300		-
Bank deposits		757		-
Other		184		5
Liabilities of businesses held for sale	$	1,721	$	6

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NBCU

On March 19, 2013, we closed a transaction to sell our remaining 49% common equity interest in NBCUniversal LLC (NBCU LLC) to Comcast Corporation (Comcast) for total consideration of $16,722 million, consisting of $11,997 million in cash, $4,000 million in Comcast guaranteed debt and $725 million in preferred stock. The $4,000 million of debt and the $725 million of preferred shares were both issued by a wholly-owned subsidiary of Comcast. During the three months ended March 31, 2013, both of these instruments were sold at approximately par value. In addition, Comcast is obligated to share with us potential tax savings associated with Comcast's purchase of our NBCU LLC interest, if realized. We did not recognize these potential future payments as consideration for the sale, but are recording such payments in income as they are received. GECC also sold real estate comprising certain floors located at 30 Rockefeller Center, New York and the CNBC property located in Englewood Cliffs, New Jersey to affiliates of NBCU LLC for $1,430 million in cash.

In the first quarter of 2013, as a result of the transactions, we recognized pre-tax gains of $1,096 million ($825 million after tax) on the sale of our 49% common equity interest in NBCU LLC and $921 million ($564 million after tax) on the sale of GECC's real estate properties.

Discontinued Operations

Discontinued operations primarily comprised GE Money Japan (our Japanese personal loan business, Lake, and our Japanese mortgage and card businesses, excluding our investment in GE Nissen Credit Co., Ltd.), our U.S. mortgage business (WMC), our Commercial Lending and Leasing (CLL) trailer services business in Europe (CLL Trailer Services) and our Consumer banking business in Russia (Consumer Russia). Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

Financial Information for Discontinued Operations
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Operations
Total revenues and other income (loss)	$	(34)	$	143	$	(45)	$	304
Earnings (loss) from discontinued operations
before income taxes	$	(46)	$	(10)	$	(115)	$	(186)
Benefit (provision) for income taxes		103		12		128		158
Earnings (loss) from discontinued operations,
net of taxes	$	57	$	2	$	13	$	(28)
Disposal
Gain (loss) on disposal before income taxes	$	-	$	(108)	$	14	$	(390)
Benefit (provision) for income taxes		-		15		1		83
Gain (loss) on disposal, net of taxes	$	-	$	(93)	$	15	$	(307)
Earnings (loss) from discontinued operations,
net of taxes(a)	$	57	$	(91)	$	28	$	(335)

(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.

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(In millions)	September 30, 2014		December 31, 2013
Assets
Cash and equivalents	$	130	$	232
Financing receivables – net		1		711
Other		1,199		1,396
Assets of discontinued operations	$	1,330	$	2,339
Liabilities
Deferred income taxes	$	229	$	248
Other		923		3,685
Liabilities of discontinued operations	$	1,152	$	3,933

Other assets at September 30, 2014 and December 31, 2013 primarily comprised a deferred tax asset for a loss carryforward, which expires principally in 2017 and in part in 2019, related to the sale of our GE Money Japan business.

GE Money Japan

During the third quarter of 2008, we completed the sale of GE Money Japan, which included our Japanese personal loan business. Under the terms of the sale, we reduced the proceeds from the sale for estimated refund claims in excess of the statutory interest rate. Proceeds from the sale were to be increased or decreased based on the actual claims experienced in accordance with loss-sharing terms specified in the sale agreement, with all claims in excess of 258 billion Japanese yen (approximately $3,000 million) remaining our responsibility. On February 26, 2014, we reached an agreement with the buyer to pay 175 billion Japanese yen (approximately $1,700 million) to extinguish this obligation. We have no remaining amount payable under the February 26, 2014 agreement as our reserve for refund claims of $1,836 million at December 31, 2013 was fully paid in the six months ended June 30, 2014.

Financial Information for GE Money Japan
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Earnings (loss) from discontinued operations,
net of taxes	$	62	$	(80)	$	59	$	(196)

WMC

During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued.

The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At September 30, 2014, such claims consisted of $3,694 million of individual claims generally submitted before the filing of a lawsuit (compared to $5,643 million at December 31, 2013) and $8,266 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $6,780 million at December 31, 2013). The total amount of these claims, $11,960 million, reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. As of September 30, 2014, these amounts do not include approximately $1,156 million of repurchase claims relating to alleged breaches of representations that are not in litigation and that are beyond the applicable statute of limitations. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable statutes of limitations. Subsequent to the end of the third quarter, WMC received additional Litigation Claims of $864 million and other non-Litigation Claims of $308 million, all of which are beyond the applicable statute of limitations.

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Reserves related to repurchase claims made against WMC were $588 million at September 30, 2014, reflecting a net decrease to reserves in the nine months ended September 30, 2014 of $212 million due to settlement activity. The reserve estimate takes into account recent settlement activity that reduced WMC's exposure on certain claims and is based upon WMC's evaluation of the remaining exposures as a percentage of estimated mortgage loan losses within the pool of loans supporting each securitization.  Recent settlements reduced WMC's exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements.

Rollforward of the Reserve
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Balance, beginning of period	$	549	$	787	$	800	$	633
Provision		40		18		142		172
Claim resolutions / rescissions		(1)		(5)		(354)		(5)
Balance, end of period	$	588	$	800	$	588	$	800

Given the significant recent claim and related litigation activity and WMC's continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC's past experience. Adverse changes to WMC's assumptions supporting the reserve may result in an increase to these reserves. Taking into account both recent settlement activity and the potential variability of settlements, WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at September 30, 2014. This estimate excludes any possible loss associated with an adverse court decision on the applicable statute of limitations, as WMC is unable at this time to develop such a meaningful estimate.

At September 30, 2014, there were 14 lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 13 securitizations. Subsequent to the end of the third quarter, WMC learned of an additional lawsuit filed on October 10, 2014, bringing the total to 15 pending lawsuits on 14 securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loan) and/or money damages. Adverse court decisions, including in cases not involving WMC, could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims.

WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party. WMC believes that it has defenses to these demands.

To the extent WMC is required to repurchase loans, WMC's loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC's legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions.

Financial Information for WMC
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	(35)	$	(13)	$	(70)	$	(167)
Earnings (loss) from discontinued operations,
net of taxes	$	(25)	$	(11)	$	(57)	$	(116)

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Other Financial Services

In the fourth quarter of 2013, we announced the planned disposition of Consumer Russia and classified the business as discontinued operations. At that time, we recorded a $170 million loss on the planned disposal. We completed the sale in the first quarter of 2014 for proceeds of $232 million.

Financial Information for Consumer Russia
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	-	$	64	$	24	$	195
Gain (loss) on disposal, net of taxes	$	-	$	-	$	4	$	-
Earnings (loss) from discontinued operations,
net of taxes	$	(1)	$	(9)	$	(1)	$	(22)

In the first quarter of 2013, we announced the planned disposition of CLL Trailer Services and classified the business as discontinued operations. We completed the sale in the fourth quarter of 2013 for proceeds of $528 million.

Financial Information for CLL Trailer Services
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	-	$	91	$	1	$	274
Gain (loss) on disposal, net of taxes	$	-	$	(21)	$	12	$	(118)
Earnings (loss) from discontinued operations,
net of taxes	$	23	$	(9)	$	34	$	(19)

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3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment-grade debt securities supporting obligations to annuitants, policyholders in our run-off insurance operations and supporting obligations to holders of guaranteed investment contracts (GICs) in Trinity and investments held in our CLL business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries. We do not have any securities classified as held-to-maturity.

	September 30, 2014								December 31, 2013
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
GE
Debt
U.S. corporate	$	5	$	2	$	-	$	7	$	21	$	14	$	-	$	35
Corporate – non-U.S.		14		-		-		14		13		-		(1)		12
Equity
Available-for-sale		305		4		(131)		178		302		9		(41)		270
Trading		119		-		-		119		6		-		-		6
		443		6		(131)		318		342		23		(42)		323
GECC
Debt
U.S. corporate		20,000		3,524		(99)		23,425		19,600		2,323		(217)		21,706
State and municipal		5,176		517		(89)		5,604		4,245		235		(191)		4,289
Residential mortgage-backed(a)		1,698		155		(25)		1,828		1,819		139		(48)		1,910
Commercial mortgage-backed		2,993		181		(40)		3,134		2,929		188		(82)		3,035
Asset-backed		7,767		12		(119)		7,660		7,373		60		(46)		7,387
Corporate – non-U.S.		1,569		175		(44)		1,700		1,741		103		(86)		1,758
Government – non-U.S.		2,250		129		(2)		2,377		2,336		81		(7)		2,410
U.S. government and federal
agency		579		53		-		632		752		45		(27)		770
Retained interests		25		2		-		27		64		8		-		72
Equity
Available-for-sale		251		51		(10)		292		203		51		(3)		251
Trading		22		-		-		22		74		-		-		74
		42,330		4,799		(428)		46,701		41,136		3,233		(707)		43,662
Eliminations		(3)		-		-		(3)		(4)		-		-		(4)
Total	$	42,770	$	4,805	$	(559)	$	47,016	$	41,474	$	3,256	$	(749)	$	43,981

(a) Substantially collateralized by U.S. mortgages. At September 30, 2014, $1,218 million related to securities issued by government-sponsored entities and $610 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

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Estimated Fair Value and Gross Unrealized Losses of Available-for-Sale Investment Securities
	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)
September 30, 2014
Debt
U.S. corporate	$	647	$	(8)	$	1,433	$	(91)
State and municipal		134		(2)		649		(87)
Residential mortgage-backed		96		(1)		436		(24)
Commercial mortgage-backed		126		(1)		853		(39)
Asset-backed		7,172		(86)		274		(33)
Corporate – non-U.S.		29		-		317		(44)
Government – non-U.S.		880		(2)		2		-
U.S. government and federal agency		-		-		7		-
Retained interests		-		-		-		-
Equity		235		(141)		-		-
Total	$	9,319	$	(241)	$	3,971	$	(318)	(c)
December 31, 2013
Debt
U.S. corporate	$	2,170	$	(122)	$	598	$	(95)
State and municipal		1,076		(82)		367		(109)
Residential mortgage-backed		232		(11)		430		(37)
Commercial mortgage-backed		396		(24)		780		(58)
Asset-backed		112		(2)		359		(44)
Corporate – non-U.S.		108		(4)		454		(83)
Government – non-U.S.		1,479		(6)		42		(1)
U.S. government and federal agency		229		(27)		254		-
Retained interests		2		-		-		-
Equity		253		(44)		-		-
Total	$	6,057	$	(322)	$	3,284	$	(427)

(a) Includes the estimated fair value of and gross unrealized losses on Corporate-non-U.S. and Equity securities held by GE. At September 30, 2014, the estimated fair value of and gross unrealized losses on Equity securities were $149 million and $(131) million, respectively. At December 31, 2013, the estimated fair value of and gross unrealized losses on Corporate-non-U.S. securities were $12 million and $(1) million, respectively. The estimated fair value of and gross unrealized losses on Equity securities were $222 million and $(41) million, respectively.

(b) Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of $(55) million at September 30, 2014.

(c) The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at September 30, 2014.

We regularly review investment securities for other-than-temporary impairment (OTTI) using both qualitative and quantitative criteria. For debt securities, our qualitative review considers our ability and intent to hold the security and the financial condition of and near-term prospects for the issuer, including whether the issuer is in compliance with the terms and covenants of the security. Our quantitative review considers whether there has been an adverse change in expected future cash flows. Unrealized losses are not indicative of the amount of credit loss that would be recognized and at September 30, 2014 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during the nine months ended September 30, 2014 have not changed. For equity securities, we consider the duration and the severity of the unrealized loss. We believe that the unrealized loss associated with our equity securities will be recovered within the foreseeable future.

Our corporate debt portfolio comprises securities issued by public and private corporations in various industries, primarily in the U.S. Substantially all of our corporate debt securities are rated investment grade by the major rating agencies.

(16)

Our RMBS portfolio is collateralized primarily by pools of individual, direct mortgage loans, of which substantially all are in a senior position in the capital structure of the deals, not other structured products such as collateralized debt obligations. Of the total RMBS held at September 30, 2014, $1,218 million and $610 million related to agency and non-agency securities, respectively.  Additionally, $316 million was related to residential subprime credit securities, primarily supporting our guaranteed investment contracts. Substantially all of the subprime exposure is related to securities backed by mortgage loans originated in 2006 and prior. A majority of subprime RMBS have been downgraded to below investment grade and are insured by Monoline insurers (Monolines). We continue to place partial reliance on Monolines with adequate capital and claims paying resources depending on the extent of the Monoline's anticipated ability to cover expected credit losses.

Our commercial mortgage-backed securities (CMBS) portfolio is collateralized by both diversified pools of mortgages that were originated for securitization (conduit CMBS) and pools of large loans backed by high-quality properties (large loan CMBS), a majority of which were originated in 2007 and prior. The vast majority of the securities in our CMBS portfolio have investment-grade credit ratings.

Our asset-backed securities (ABS) portfolio is collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries, as well as a variety of diversified pools of assets such as student loans and credit cards. The vast majority of the securities in our ABS portfolio are in a senior position in the capital structure of the deals.

Pre-tax, Other-Than-Temporary Impairments on Investment Securities
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Total pre-tax, OTTI recognized	$	5	$	62	$	52	$	523
Pre-tax, OTTI recognized in AOCI		-		(6)		(4)		(36)
Pre-tax, OTTI recognized in earnings(a)	$	5	$	56	$	48	$	487

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of an insignificant amount and $13 million in the three months ended September 30, 2014 and 2013, respectively, and $3 million and $14 million in the nine months ended September 30, 2014 and 2013, respectively.

Changes in Cumulative Credit Loss Impairments Recognized on Debt Securities Still Held
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Cumulative credit loss impairments recognized,
beginning of period	$	1,171	$	945	$	1,193	$	588
Credit loss impairments recognized on securities
not previously impaired		2		-		3		385
Incremental credit loss impairments recognized
on securities previously impaired		3		42		34		61
Less credit loss impairments previously
recognized on securities sold during the period		6		52		60		99
Cumulative credit loss impairments recognized,
end of period	$	1,170	$	935	$	1,170	$	935

Contractual Maturities of Investment in Available-for-Sale Debt Securities
(Excluding Mortgage-Backed and Asset-Backed Securities)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	1,850	$	1,857
After one year through five years		3,807		4,150
After five years through ten years		5,294		5,626
After ten years		18,642		22,126

We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

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Gross Realized Gains and Losses on Available-for-Sale Investment Securities
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
GE
Gains	$	-	$	-	$	2	$	1
Losses, including impairments		-		-		-		(20)
Net		-		-		2		(19)
GECC
Gains		42		34		104		219
Losses, including impairments		(8)		(60)		(53)		(477)
Net		34		(26)		51		(258)
Total	$	34	$	(26)	$	53	$	(277)

Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders. In some of our bank subsidiaries, we maintain a certain level of purchases and sales volume principally of non-U.S. government debt securities. In these situations, fair value approximates carrying value for these securities.

Proceeds from investment securities sales and early redemptions by issuers totaled $1,689 million and $4,240 million for the three and nine months ended September 30, 2014, respectively, principally from sales of short-term government securities in our bank subsidiaries and Treasury operations and redemptions of non-U.S. corporate and asset-backed securities in our CLL business.

Proceeds from investment securities sales and early redemptions by issuers totaled $2,890 million and $16,828 million for the three and nine months ended September 30, 2013, respectively, principally from the sale of Comcast guaranteed debt, sales of short-term securities in our bank subsidiaries and Treasury operations and redemptions of non-U.S. corporate and asset-backed securities in our CLL business.

We recognized pre-tax gains (losses) on trading securities of $56 million and $(2) million in the three months ended September 30, 2014 and 2013, respectively, and $52 million and $49 million in the nine months ended September 30, 2014 and 2013, respectively.

4. INVENTORIES

(In millions)	September 30, 2014		December 31, 2013
Raw materials and work in process	$	10,593	$	10,220
Finished goods		8,084		6,794
Unbilled shipments		878		584
		19,555		17,598
Less revaluation to LIFO		(124)		(273)
Total	$	19,431	$	17,325

(18)

5. GECC FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

(In millions)	September 30, 2014		December 31, 2013
Loans, net of deferred income	$	217,444	$	231,268
Investment in financing leases, net of deferred income		25,131		26,939
		242,575		258,207
Allowance for losses		(5,170)		(5,178)
Financing receivables – net(a)	$	237,405	$	253,029

(a) Financing receivables at September 30, 2014 and December 31, 2013 included $372 million and $544 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.

Financing Receivables by Portfolio and Allowance for Losses

During the first quarter of 2014, we combined our CLL Europe and CLL Asia portfolios into CLL International and we transferred our CLL Other portfolio to the CLL Americas portfolio. Prior-period amounts were reclassified to conform to the current-period presentation.

(In millions)	September 30, 2014		December 31, 2013
Commercial
CLL
Americas	$	66,871	$	69,036
International		43,268		47,431
Total CLL		110,139		116,467
Energy Financial Services		2,798		3,107
GE Capital Aviation Services (GECAS)		8,449		9,377
Other		134		318
Total Commercial		121,520		129,269
Real Estate		19,799		19,899
Consumer
Non-U.S. residential mortgages		27,674		30,501
Non-U.S. installment and revolving credit		10,098		13,677
U.S. installment and revolving credit		55,258		55,854
Non-U.S. auto		1,588		2,054
Other		6,638		6,953
Total Consumer		101,256		109,039
Total financing receivables		242,575		258,207
Allowance for losses		(5,170)		(5,178)
Total financing receivables – net	$	237,405	$	253,029

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Allowance for Losses on Financing Receivables
			Provision
	Balance at		charged to					Gross						Balance at
(In millions)	January 1		operations		Other		(a)	write-offs		(b)	Recoveries		(b)	September 30
2014
Commercial
CLL
Americas	$	473	$	195	$	(1)		$	(316)		$	75		$	426
International		505		107		(22)			(287)			76			379
Total CLL		978		302		(23)			(603)			151			805
Energy Financial Services		8		13		-			(17)			2			6
GECAS		17		9		-			(11)			-			15
Other		2		-		(2)			-			-			-
Total Commercial		1,005		324		(25)			(631)			153			826
Real Estate		192		(92)		-			(49)			103			154
Consumer
Non-U.S. residential mortgages		358		209		(21)			(139)			32			439
Non-U.S. installment and revolving credit		594		184		(88)			(574)			329			445
U.S. installment and revolving credit		2,823		2,089		18			(2,302)			425			3,053
Non-U.S. auto		56		127		(7)			(67)			38			147
Other		150		54		(22)			(121)			45			106
Total Consumer		3,981		2,663		(120)			(3,203)			869			4,190
Total	$	5,178	$	2,895	$	(145)		$	(3,883)		$	1,125		$	5,170
2013
Commercial
CLL
Americas	$	496	$	203	$	(1)		$	(319)		$	91		$	470
International		525		265		(9)			(434)			70			417
Total CLL		1,021		468		(10)			(753)			161			887
Energy Financial Services		9		2		-			-			-			11
GECAS		8		2		-			-			-			10
Other		3		(1)		-			(2)			2			2
Total Commercial		1,041		471		(10)			(755)			163			910
Real Estate		320		(21)		(5)			(133)			9			170
Consumer
Non-U.S. residential mortgages		480		138		(1)			(216)			39			440
Non-U.S. installment and revolving credit		582		322		(39)			(662)			390			593
U.S. installment and revolving credit		2,282		2,198		(50)			(2,118)			409			2,721
Non-U.S. auto		67		51		(11)			(96)			56			67
Other		172		97		4			(149)			59			183
Total Consumer		3,583		2,806		(97)			(3,241)			953			4,004
Total	$	4,944	$	3,256	$	(112)		$	(4,129)		$	1,125		$	5,084

(a) Other primarily includes the effects of currency exchange and the 2014 reclassification of GEMB-Nordic to held for sale.

(b) Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables.

6. PROPERTY, PLANT AND EQUIPMENT

(In millions)	September 30, 2014		December 31, 2013
Original cost	$	112,580	$	116,470
Less accumulated depreciation and amortization		(47,120)		(47,643)
Property, plant and equipment – net	$	65,460	$	68,827

Consolidated depreciation and amortization was $2,494 million and $2,577 million in the three months ended September 30, 2014 and 2013, respectively, and $6,995 million and $7,152 million in the nine months ended September 30, 2014 and 2013, respectively.

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7. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

Acquisitions

On June 20, 2014, GE's offer to acquire the Thermal, Renewables and Grid businesses of Alstom for $13.5 billion, net of $3.4 billion of assumed net cash in the businesses to be acquired, was positively recommended by Alstom's board of directors.  In addition, GE, Alstom and the French Government signed a memorandum of understanding for the formation of three joint ventures in grid technology, renewable energy, and global nuclear and French steam power.  Alstom will invest $3.5 billion of cash in these joint ventures. The proposed transaction is subject to further reviews and approvals, including Alstom's works councils and shareholder approval, as well as regulatory approvals. The transaction is targeted to close in 2015.

On June 2, 2014, we acquired Cameron's Reciprocating Compression division for $550 million. The division provides reciprocating compression equipment and aftermarket services for oil and gas production, gas processing, gas distribution and independent power industries. The division is included in our Oil & Gas segment. The preliminary purchase price allocation resulted in goodwill of approximately $240 million and amortizable intangible assets of approximately $100 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

In the first quarter of 2014, we acquired several businesses in our Healthcare segment. On February 12, 2014, we acquired API Healthcare (API) for $340 million in cash. API is a healthcare workforce management software and analytics solutions provider. The preliminary purchase price allocation resulted in goodwill of approximately $280 million and amortizable intangible assets of approximately $125 million. On March 21, 2014, we acquired certain Thermo Fisher Scientific Inc. life-science businesses for $1,065 million in cash. The primary business acquired, Hyclone, is a leading manufacturer of products used to support biopharmaceutical research and production. The preliminary purchase price allocation resulted in goodwill of approximately $700 million and amortizable intangible assets of approximately $320 million. The allocation of purchase prices will be finalized upon completion of post-closing procedures.

Goodwill
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2014		Acquisitions		and other		September 30, 2014
Power & Water	$	8,822	$	21	$	(26)	$	8,817
Oil & Gas		10,516		261		(32)		10,745
Energy Management		4,748		-		(34)		4,714
Aviation		9,103		-		(19)		9,084
Healthcare		16,643		1,008		(61)		17,590
Transportation		1,012		1		(34)		979
Appliances & Lighting		606		-		(376)		230
GE Capital		26,195		-		(529)		25,666
Corporate		3		31		-		34
Total	$	77,648	$	1,322	$	(1,111)	$	77,859

Goodwill balances increased by $211 million in the nine months ended September 30, 2014, primarily as a result of acquisitions at Healthcare and Oil & Gas, partially offset by the result of currency exchange effects of a stronger U.S. dollar, the reclassification of goodwill associated with Appliances and GEMB-Nordic to assets of businesses held for sale and dispositions.

We test goodwill for impairment annually in the third quarter of each year using data as of July 1 of that year. The impairment test consists of two steps: in step one, the carrying value of the reporting unit is compared with its fair value; in step two, which is applied when the carrying value is more than its fair value, the amount of goodwill impairment, if any, is derived by deducting the fair value of the reporting unit's assets and liabilities from the fair value of its equity, and comparing that amount with the carrying amount of goodwill. We determined fair values for each of the reporting units using the market approach, when available and appropriate, or the income approach, or a combination of both. We assess the valuation methodology based upon the relevance and availability of the data at the time we perform the valuation. If multiple valuation methodologies are used, the results are weighted appropriately.

(21)

Valuations using the market approach are derived from metrics of publicly traded companies or historically completed transactions of comparable businesses. The selection of comparable businesses is based on the markets in which the reporting units operate giving consideration to risk profiles, size, geography, and diversity of products and services. A market approach is limited to reporting units for which there are publicly traded companies that have the characteristics similar to our businesses.

Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. We use our internal forecasts to estimate future cash flows and include an estimate of long-term future growth rates based on our most recent views of the long-term outlook for each business. Actual results may differ from those assumed in our forecasts. We derive our discount rates using a capital asset pricing model and analyzing published rates for industries relevant to our reporting units to estimate the cost of equity financing. We use discount rates that are commensurate with the risks and uncertainty inherent in the respective businesses and in our internally developed forecasts. Discount rates used in our reporting unit valuations ranged from 9.0% to 16.0%.

During the third quarter of 2014, we performed our annual impairment test of goodwill for all of our reporting units. Based on the results of our step one testing, the fair values of each of the GE reporting units exceeded their carrying values; therefore, the second step of the impairment test was not required to be performed for any of our reporting units and no goodwill impairment was recognized.

While all of our reporting units passed step one of our annual impairment testing, we identified one reporting unit for which the fair value was not substantially in excess of its carrying value. Within our Energy Management operating segment, the Power Conversion reporting unit was determined to have a fair value in excess of its carrying value by approximately 10%. The goodwill associated with the Power Conversion reporting unit was $1.6 billion at September 30, 2014, representing approximately 2% of our total goodwill. While the goodwill of the reporting unit is not currently impaired, there could be an impairment in the future as a result of changes in certain estimates and assumptions. For example, the reporting unit's fair value could be adversely affected and result in an impairment of goodwill if actual cash flows are below estimated cash flows, the estimated cash flows are discounted at a higher risk-adjusted rate or market multiples decrease.

As of September 30, 2014, we believe the goodwill is recoverable for all of the reporting units; however, there can be no assurances that the goodwill will not be impaired in future periods.

In 2013, while the Real Estate reporting unit's book value was within the range of its fair value, we further substantiated our Real Estate goodwill balance by performing the second step analysis in which the implied fair value of goodwill exceeded its carrying value by approximately $3.7 billion. In the current year, it was determined that the second step was not required, as the results of step one indicated that the fair value of the Real Estate reporting unit exceeded its book value.

Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods.

(22)

Other Intangible Assets - Net
(In millions)	September 30, 2014		December 31, 2013
Intangible assets subject to amortization	$	14,249	$	14,150
Indefinite-lived intangible assets(a)		108		160
Total	$	14,357	$	14,310

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

Intangible Assets Subject to Amortization
	September 30, 2014						December 31, 2013
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	8,508	$	(2,575)	$	5,933	$	7,938	$	(2,312)	$	5,626
Patents and technology		6,894		(2,918)		3,976		6,602		(2,621)		3,981
Capitalized software		8,500		(5,301)		3,199		8,256		(5,252)		3,004
Trademarks		1,167		(243)		924		1,356		(295)		1,061
Lease valuations		594		(444)		150		703		(498)		205
Present value of future profits(a)		605		(605)		-		574		(574)		-
All other		456		(389)		67		632		(359)		273
Total	$	26,724	$	(12,475)	$	14,249	$	26,061	$	(11,911)	$	14,150

 (a) Balances at September 30, 2014 and December 31, 2013 reflect adjustments of $300 million and $322 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Intangible assets subject to amortization increased $663 million in the nine months ended September 30, 2014, primarily as a result of acquisitions at Healthcare and Oil & Gas, as well as the capitalization of new software across several business platforms.

Consolidated amortization expense related to intangible assets subject to amortization was $465 million and $429 million in the three months ended September 30, 2014 and 2013, respectively, and $1,316 million and $1,257 million in the nine months ended September 30, 2014 and 2013, respectively.

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8. BORROWINGS AND BANK DEPOSITS

(In millions)	September 30, 2014		December 31, 2013
Short-term borrowings
GE
Commercial paper	$	350	$	-
Payable to banks		652		346
Current portion of long-term borrowings		82		70
Other		959		1,425
Total GE short-term borrowings		2,043		1,841
GECC
Commercial paper
U.S.		21,999		24,877
Non-U.S.		3,014		4,168
Current portion of long-term borrowings(a)(b)		37,319		39,215
GE Interest Plus notes(c)		5,732		8,699
Other(b)		612		339
Total GECC short-term borrowings		68,676		77,298
Eliminations		(803)		(1,249)
Total short-term borrowings	$	69,916	$	77,890
Long-term borrowings
GE
Senior notes	$	13,944	$	10,968
Payable to banks		6		10
Other		593		537
Total GE long-term borrowings		14,543		11,515
GECC
Senior unsecured notes(a)(d)		170,048		186,433
Subordinated notes(e)		4,775		4,821
Subordinated debentures(f)		7,263		7,462
Other(b)(g)		16,649		11,563
Total GECC long-term borrowings		198,735		210,279
Eliminations		(99)		(129)
Total long-term borrowings	$	213,179	$	221,665
Non-recourse borrowings of consolidated securitization entities(h)	$	30,231	$	30,124
Bank deposits(i)	$	60,815	$	53,361
Total borrowings and bank deposits	$	374,141	$	383,040

(a) Included $461 million and $481 million of obligations to holders of GICs at September 30, 2014 and December 31, 2013, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things.

(b) Included $7,385 million and $9,468 million of funding secured by real estate, aircraft and other collateral at September 30, 2014 and December 31, 2013, respectively, of which $2,524 million and $2,868 million is non-recourse to GECC at September 30, 2014 and December 31, 2013, respectively.

(c) Entirely variable denomination floating-rate demand notes.

(d) Included $700 million of debt at both September 30, 2014 and December 31, 2013 raised by a funding entity related to Penske Truck Leasing Co., L.P. (PTL). GECC, as co-issuer and co-guarantor of the debt, reports this amount as borrowings in its financial statements. GECC has been indemnified by the other limited partners of PTL for their proportionate share of the debt obligation. Also included $3,593 million related to Synchrony Financial. See Note 1.

(e) Included $300 million of subordinated notes guaranteed by GE at both September 30, 2014 and December 31, 2013.

(f) Subordinated debentures receive rating agency equity credit.

(g) Included $7,495 million related to Synchrony Financial. See Note 1.

(h) Included $8,160 million and $9,047 million of current portion of long-term borrowings at September 30, 2014 and December 31, 2013, respectively. See Note 16.

(i) Included $12,259 million and $13,614 million of deposits in non-U.S. banks at September 30, 2014 and December 31, 2013, respectively, and $22,872 million and $18,275 million of certificates of deposits with maturities greater than one year at September 30, 2014 and December 31, 2013, respectively.

In the first quarter of 2014, GE issued $3,000 million senior unsecured debt, composed of $750 million aggregate principal amount of 3.375% Notes due 2024 and $2,250 million aggregate principal amount of 4.500% Notes due 2044.

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9. POSTRETIREMENT BENEFIT PLANS

We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million. Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate.

Effect on Operations of Pension Plans
	Principal Pension Plans
	Three months ended September 30					Nine months ended September 30
(In millions)	2014			2013		2014			2013
Service cost for benefits earned	$	304		$	362	$	921		$	1,145
Prior service cost amortization		54			62		162			185
Expected return on plan assets		(792)			(875)		(2,393)			(2,625)
Interest cost on benefit obligation		687			615		2,060			1,845
Net actuarial loss amortization		642			916		1,925			2,748
Curtailment loss		65	(a)		-		65	(a)		-
Pension plans cost	$	960		$	1,080	$	2,740		$	3,298

(a)Loss resulting from of our agreement with Electrolux to sell the GE Appliances business.

	Other Pension Plans
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Service cost for benefits earned	$	91	$	130	$	310	$	330
Prior service cost amortization		1		2		4		6
Expected return on plan assets		(200)		(170)		(596)		(496)
Interest cost on benefit obligation		149		135		443		392
Net actuarial loss amortization		50		85		149		256
Pension plans cost	$	91	$	182	$	310	$	488

Effect on Operations of Principal Retiree Health and Life Insurance Plans
	Principal Retiree Health and Life Insurance Plans
	Three months ended September 30					Nine months ended September 30
(In millions)	2014			2013		2014			2013
Service cost for benefits earned	$	41		$	43	$	125		$	168
Prior service cost amortization		88			98		285			294
Expected return on plan assets		(12)			(15)		(37)			(45)
Interest cost on benefit obligation		106			101		326			309
Net actuarial gain amortization		(38)			(16)		(124)			(28)
Curtailment loss		48	(a)		-		48	(a)		-
Retiree benefit plans cost	$	233		$	211	$	623		$	698

(a)Loss resulting from of our agreement with Electrolux to sell the GE Appliances business.

In September 2014, the Company's Board of Directors approved a plan amendment that affects post-65 retiree health coverage for certain former salaried employees and eligible dependents. Effective January 1, 2015, the Company will transition eligible participants to a notional credit to help pay for eligible premiums and out-of-pocket expenses.  The postretirement benefit plan obligations were remeasured to reflect this change, reducing obligations by $586 million for the plan amendment partially offset by a $290 million actuarial loss to reflect lower discount rates.

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10. INCOME TAXES

Unrecognized Tax Benefits
(In millions)	September 30, 2014		December 31, 2013
Unrecognized tax benefits	$	5,877	$	5,816
Portion that, if recognized, would reduce tax
expense and effective tax rate(a)		3,973		4,307
Accrued interest on unrecognized tax benefits		823		975
Accrued penalties on unrecognized tax benefits		100		164
Reasonably possible reduction to the balance of
unrecognized tax benefits in succeeding 12 months		0-650		0-900
Portion that, if recognized, would reduce tax
expense and effective tax rate(a)		0-100		0-350

(a) Some portion of such reduction may be reported as discontinued operations.

The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2010-2011. In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We have contested the disallowance of this loss. It is reasonably possible that the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of unrecognized tax benefits – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

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11. SHAREOWNERS' EQUITY

Accumulated Other Comprehensive Income (Loss)
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Investment securities
Beginning balance	$	1,040	$	146	$	307	$	677
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $(146), $67, $310 and $(302)		(265)		155		484		(515)
Reclassifications from OCI – net of deferred taxes
of $(15), $11, $(19) and $124		(19)		15		(34)		153
Other comprehensive income (loss)(a)		(284)		170		450		(362)
Less OCI attributable to noncontrolling interests		1		1		2		-
Ending balance	$	755	$	315	$	755	$	315
Currency translation adjustments (CTA)
Beginning balance	$	61	$	358	$	126	$	412
OCI before reclassifications – net of deferred taxes		(1,575)		(327)		(1,674)		(313)
of $198, $(12), $314 and $(326)
Reclassifications from OCI – net of deferred taxes
of $1, $7, $124 and $85		(15)		(56)		25		(156)
Other comprehensive income (loss)(a)		(1,590)		(383)		(1,649)		(469)
Less OCI attributable to noncontrolling interests		(11)		11		(5)		(21)
Ending balance	$	(1,518)	$	(36)	$	(1,518)	$	(36)
Cash flow hedges
Beginning balance	$	(176)	$	(430)	$	(257)	$	(722)
OCI before reclassifications – net of deferred taxes		(329)		63		(421)		271
of $(44), $43, $(5) and $144
Reclassifications from OCI – net of deferred taxes
of $30, $(20), $39 and $(85)		384		(5)		557		80
Other comprehensive income (loss)(a)		55		58		136		351
Less OCI attributable to noncontrolling interests		-		(2)		-		(1)
Ending balance	$	(121)	$	(370)	$	(121)	$	(370)
Benefit plans
Beginning balance	$	(8,083)	$	(18,537)	$	(9,296)	$	(20,597)
Prior service credit (costs) - net of deferred taxes
of $212, $0, $212 and $0		374		-		374		-
Net actuarial gain (loss) – net of deferred taxes
of $(58), $(7), $(26) and $295		(107)		9		59		548
Net curtailment/settlement - net of deferred taxes
of $41, $0, $41 and $0		72		-		72		-
Prior service cost amortization – net of deferred taxes
of $62, $68, $192 and $201		85		100		273		298
Net actuarial loss amortization – net of deferred taxes
of $213, $334, $637 and $1,008		435		656		1,294		1,980
Other comprehensive income (loss)(a)		859		765		2,072		2,826
Less OCI attributable to noncontrolling interests		2		-		2		1
Ending balance	$	(7,226)	$	(17,772)	$	(7,226)	$	(17,772)
Accumulated other comprehensive income (loss) at
September 30	$	(8,110)	$	(17,863)	$	(8,110)	$	(17,863)

(a) Total other comprehensive income (loss) was $(960) million and $610 million in the three months ended September 30, 2014 and 2013, respectively, and $1,009 million and $2,346 million in the nine months ended September 30, 2014 and 2013, respectively.

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Reclassification out of AOCI
	Three months ended September 30					Nine months ended September 30
(In millions)		2014		2013		2014		2013		Statement of Earnings Caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities		$	34	$	(26)	$	53	$	(277)	Other income
			(15)		11		(19)		124	Benefit (provision) for income taxes
		$	19	$	(15)	$	34	$	(153)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions		$	14	$	49	$	(149)	$	71	Costs and expenses
			1		7		124		85	Benefit (provision) for income taxes
		$	15	$	56	$	(25)	$	156	Net of tax
Cash flow hedges
Gains (losses) on interest rate      derivatives		$	(53)	$	(88)	$	(182)	$	(282)	Interest and other financial charges
Foreign exchange contracts			(381)		62		(400)		168	(a)
Other			20		51		(14)		119	(b)
			(414)		25		(596)		5	Total before tax
			30		(20)		39		(85)	Benefit (provision) for income taxes
		$	(384)	$	5	$	(557)	$	(80)	Net of tax
Benefit plan items
Curtailment loss		$	(113)	$	-	$	(113)	$	-	(c)
Amortization of prior service costs			(147)		(168)		(465)		(499)	(c)
Amortization of actuarial gains (losses)			(648)		(990)		(1,931)		(2,988)	(c)
			(908)		(1,158)		(2,509)		(3,487)	Total before tax
			316		402		870		1,209	Benefit (provision) for income taxes
		$	(592)	$	(756)	$	(1,639)	$	(2,278)	Net of tax
Total reclassification adjustments		$	(942)	$	(710)	$	(2,187)	$	(2,355)	Net of tax

(a) Included $(357) million and $73 million in GECC revenues from services and $(24) million and $(11) million in interest and other financial charges in the three months ended September 30, 2014 and 2013, respectively, and $(368) million and $210 million in GECC revenues from services and $(32) million and $(42) million in interest and other financial charges in the nine months ended September 30, 2014 and 2013, respectively.

(b) Primarily recorded in costs and expenses.

(c) Curtailment loss, amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 9 for further information.

Noncontrolling Interests
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Beginning balance	$	6,054	$	6,302	$	6,217	$	5,444
Net earnings (loss)		(21)		(10)		(2)		140
GECC issuance of preferred stock		-		-		-		990
GECC preferred stock dividend		-		-		(161)		(135)
Dividends		(20)		(9)		(55)		(72)
Dispositions		(6)		(15)		(98)		(119)
Synchrony Financial IPO		2,393		-		2,393		-
Other (including AOCI)		113		85		219		105
Ending balance	$	8,513	$	6,353	$	8,513	$	6,353

GECC preferred stock is presented as noncontrolling interests in the GE consolidated Condensed Statement of Financial Position. GECC preferred stock dividends are presented as noncontrolling interests in the GE consolidated Condensed Statement of Earnings.

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Other

GE's authorized common stock consists of 13,200,000,000 shares having a par value of $0.06 each.

GECC paid quarterly dividends of $472 million and $500 million and special dividends of $333 million and $1,500 million to GE in the three months ended September 30, 2014 and 2013, respectively. GECC paid quarterly dividends of $1,555 million and $947 million and special dividends of $666 million and $3,000 million to GE in the nine months ended September 30, 2014 and 2013, respectively.

12. GECC REVENUES FROM SERVICES

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Interest on loans	$	4,350	$	4,532	$	12,912	$	13,443
Equipment leased to others		2,417		2,435		7,514		7,397
Fees		1,177		1,195		3,412		3,485
Investment income(a)		617		514		1,785		1,502
Financing leases		345		395		1,075		1,220
Associated companies		211		406		884		852
Premiums earned by insurance activities		397		403		1,130		1,208
Real estate investments(b)		358		331		1,058		2,139
Other items		551		362		1,354		1,654
		10,423		10,573		31,124		32,900
Eliminations		(397)		(427)		(1,169)		(1,160)
Total	$	10,026	$	10,146	$	29,955	$	31,740

(a) Included net other-than-temporary impairments on investment securities of $5 million and $56 million in the three months ended September 30, 2014 and 2013, respectively, and $48 million and $467 million in the nine months ended September 30, 2014 and 2013, respectively. The nine months ended September 30, 2013 included $96 million related to the impairment of an investment in a Brazilian company that was fully offset by the benefit of a guarantee provided by GE reflected as a component in other items.

(b) During the nine months ended September 30, 2013, we sold real estate comprising certain floors located at 30 Rockefeller Center, New York for a pre-tax gain of $902 million.

13. EARNINGS PER SHARE INFORMATION

	Three months ended September 30
	2014				2013
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	3,475	$	3,475	$	3,268	$	3,278
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		57		57		(101)		(91)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	3,532	$	3,532	$	3,177	$	3,187
Average equivalent shares
Shares of GE common stock outstanding		10,039		10,039		10,151		10,151
Employee compensation-related shares (including
stock options) and warrants		80		-		72		-
Total average equivalent shares		10,119		10,039		10,223		10,151
Per-share amounts
Earnings from continuing operations	$	0.34	$	0.35	$	0.32	$	0.32
Earnings (loss) from discontinued operations		0.01		0.01		(0.01)		(0.01)
Net earnings		0.35		0.35		0.31		0.31

(a) Included an insignificant amount of dividend equivalents in each of the periods presented.

(b) Included in the three months ended September 30, 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

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	Nine months ended September 30
	2014				2013
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	10,039	$	10,039	$	10,172	$	10,172
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		29		29		(334)		(334)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	10,068	$	10,067	$	9,838	$	9,838
Average equivalent shares
Shares of GE common stock outstanding		10,042		10,042		10,262		10,262
Employee compensation-related shares (including
stock options) and warrants		79		-		65		-
Total average equivalent shares		10,121		10,042		10,328		10,262
Per-share amounts
Earnings from continuing operations	$	0.99	$	1.00	$	0.98	$	0.99
Earnings (loss) from discontinued operations		-		-		(0.03)		(0.03)
Net earnings		0.99		1.00		0.95		0.96

(a) Included an insignificant amount of dividend equivalents in each of the periods presented.

(b) Included in the nine months ended September 30, 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

For the three and nine months ended September 30, 2014 and 2013, there were approximately 88 million and 78 million, respectively, and 104 million and 273 million, respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their effect was antidilutive.

Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.

14. FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of GICs in Trinity and investment securities held in our CLL business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

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Assets and Liabilities Measured at Fair Value on a Recurring Basis
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
September 30, 2014
Assets
Investment securities
Debt
U.S. corporate	$	-		$	20,315		$	3,117	$	-		$	23,432
State and municipal		-			5,032			572		-			5,604
Residential mortgage-backed		-			1,812			16		-			1,828
Commercial mortgage-backed		-			3,124			10		-			3,134
Asset-backed(c)		-			393			7,267		-			7,660
Corporate – non-U.S.		-			711			1,003		-			1,714
Government – non-U.S.		59			2,318			-		-			2,377
U.S. government and federal agency		-			368			264		-			632
Retained interests		-			-			27		-			27
Equity
Available-for-sale		431			27			9		-			467
Trading		139			2			-		-			141
Derivatives(d)		-			9,345			137		(7,186)			2,296
Other(e)		-			-			347		-			347
Total	$	629		$	43,447		$	12,769	$	(7,186)		$	49,659
Liabilities
Derivatives	$	-		$	4,215		$	15	$	(3,889)		$	341
Other(f)		-			1,151			-		-			1,151
Total	$	-		$	5,366		$	15	$	(3,889)		$	1,492
December 31, 2013
Assets
Investment securities
Debt
U.S. corporate	$	-		$	18,788		$	2,953	$	-		$	21,741
State and municipal		-			4,193			96		-			4,289
Residential mortgage-backed		-			1,824			86		-			1,910
Commercial mortgage-backed		-			3,025			10		-			3,035
Asset-backed(c)		-			489			6,898		-			7,387
Corporate – non-U.S.		61			645			1,064		-			1,770
Government – non-U.S.		1,590			789			31		-			2,410
U.S. government and federal agency		-			545			225		-			770
Retained interests		-			-			72		-			72
Equity
Available-for-sale		475			31			11		-			517
Trading		78			2			-		-			80
Derivatives(d)		-			8,304			175		(6,739)			1,740
Other(e)		-			-			494		-			494
Total	$	2,204		$	38,635		$	12,115	$	(6,739)		$	46,215
Liabilities
Derivatives	$	-		$	5,409		$	20	$	(4,355)		$	1,074
Other(f)		-			1,170			-		-			1,170
Total	$	-		$	6,579		$	20	$	(4,355)		$	2,244

(a) Included $912 million of Government – non-U.S. and $17 million of Corporate – non-U.S. available-for-sale debt securities transferred from Level 1 to Level 2 primarily attributable to changes in market observable data in the nine months ended September 30, 2014. The fair value of securities transferred between Level 1 and Level 2 was $2 million in the twelve months ended December 31, 2013.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

(d) The fair value of derivatives includes an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $20 million and $(7) million at September 30, 2014 and December 31, 2013, respectively. See Note 15 for additional information on the composition of our derivative portfolio.

(e) Includes private equity investments and loans designated under the fair value option.

(f) Primarily represented the liability associated with certain of our deferred incentive compensation plans.

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Level 3 Instruments

The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners' equity.

Changes in Level 3 Instruments for the Three Months Ended
																			Net
																			change in
			Net		Net														unrealized
			realized/		realized/														gains
			unrealized		unrealized														(losses)
			gains		gains														relating to
			(losses)		(losses)								Transfers		Transfers				instruments
	Balance at		included		included								into		out of		Balance at		still held at
(In millions)	July 1		in earnings(a)		in AOCI		Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		September 30		September 30(c)
2014
Investment securities
Debt
U.S. corporate	$	3,155	$	7	$	(9)	$	102	$	(63)	$	(91)	$	32	$	(16)	$	3,117	$	-
State and municipal		560		-		-		4		(10)		(1)		19		-		572		-
RMBS		66		-		-		-		-		(3)		-		(47)		16		-
CMBS		12		-		-		-		-		(2)		-		-		10		-
ABS		7,277		1		(106)		784		-		(689)		-		-		7,267		-
Corporate – non-U.S.		1,054		6		(18)		179		(10)		(208)		-		-		1,003		-
Government – non-U.S.		1		-		-		-		-		-		-		(1)		-		-
U.S. government and
federal agency		249		-		6		-		-		-		9		-		264		-
Retained interests		73		32		(10)		-		(67)		(1)		-		-		27		-
Equity
Available-for-sale		9		-		-		-		-		-		-		-		9		-
Derivatives(d)(e)		151		(13)		1		(3)		-		(1)		-		(1)		134		(15)
Other		357		3		-		266		(1)		(280)		-		2		347		-
Total	$	12,964	$	36	$	(136)	$	1,332	$	(151)	$	(1,276)	$	60	$	(63)	$	12,766	$	(15)
2013
Investment securities
Debt
U.S. corporate	$	3,229	$	24	$	(32)	$	160	$	(34)	$	(49)	$	-	$	-	$	3,298	$	-
State and municipal		98		-		(4)		4		-		(4)		-		-		94		-
RMBS		91		-		(2)		-		-		(1)		-		-		88		-
CMBS		5		-		-		-		-		(1)		10		-		14		-
ABS		5,346		1		36		569		-		(14)		-		-		5,938		-
Corporate – non-U.S.		1,197		(29)		(2)		1,827		-		(1,930)		-		(10)		1,053		-
Government – non-U.S.		38		1		(6)		-		-		-		-		-		33		-
U.S. government and
federal agency		264		-		(52)		-		-		-		-		-		212		-
Retained interests		93		-		(11)		-		-		(4)		-		-		78		-
Equity
Available-for-sale		10		-		-		-		-		-		1		-		11		-
Derivatives(d)(e)		167		1		1		(1)		-		2		2		(1)		171		13
Other		854		16		(1)		148		(295)		-		-		(4)		718		(34)
Total	$	11,392	$	14	$	(73)	$	2,707	$	(329)	$	(2,001)	$	13	$	(15)	$	11,708	$	(21)

(a) Earnings effects are primarily included in the GECC revenues from services and Interest and other financial charges captions in the Condensed Statement of Earnings.

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represented the amount of unrealized gains or losses for the period included in earnings.

(d) Represented derivative assets net of derivative liabilities and included cash accruals of $12 million and $8 million not reflected in the fair value hierarchy table in the three months ended September 30, 2014 and 2013, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 15.

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Changes in Level 3 Instruments for the Nine Months Ended
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized			unrealized													(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included			included							into		out of		Balance at		still held at
(In millions)	January 1		in earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		September 30		September 30(c)
2014
Investment securities
Debt
U.S. corporate	$	2,953	$	27	$	103	$	449	$	(222)	$	(230)	$	170	$	(133)	$	3,117	$	-
State and municipal		96		-		31		17		(17)		(9)		454		-		572		-
RMBS		86		1		-		-		(16)		(8)		-		(47)		16		-
CMBS		10		-		-		-		-		(2)		2		-		10		-
ABS		6,898		3		(132)		1,780		-		(1,272)		-		(10)		7,267		-
Corporate – non-U.S.		1,064		9		61		614		(75)		(665)		1		(6)		1,003		-
Government – non-U.S.		31		-		-		-		-		-		-		(31)		-		-
U.S. government and
federal agency		225		-		32		-		-		-		9		(2)		264		-
Retained interests		72		35		(5)		1		(67)		(9)		-		-		27		-
Equity
Available-for-sale		11		-		-		2		(2)		(2)		-		-		9		-
Derivatives(d)(e)		164		(25)		1		(4)		-		1		(1)		(2)		134		(19)
Other		494		17		-		523		(16)		(392)		-		(279)		347		4
Total	$	12,104	$	67	$	91	$	3,382	$	(415)	$	(2,588)	$	635	$	(510)	$	12,766	$	(15)
2013
Investment securities
Debt
U.S. corporate	$	3,591	$	(247)	$	184	$	257	$	(383)	$	(139)	$	108	$	(73)	$	3,298	$	-
State and municipal		77		-		(8)		20		-		(5)		10		-		94		-
RMBS		100		-		(4)		-		(2)		(6)		-		-		88		-
CMBS		6		-		-		-		-		(2)		10		-		14		-
ABS		5,023		3		(32)		1,479		(1)		(539)		12		(7)		5,938		-
Corporate – non-U.S.		1,218		(112)		18		4,637		(3)		(4,672)		21		(54)		1,053		-
Government – non-U.S.		42		1		(10)		-		-		-		-		-		33		-
U.S. government and
federal agency		277		-		(65)		-		-		-		-		-		212		-
Retained interests		83		5		5		2		-		(17)		-		-		78		-
Equity
Available-for-sale		13		-		-		-		-		-		-		(2)		11		-
Derivatives(d)(e)		416		(52)		2		(2)		-		(221)		28		-		171		(30)
Other		799		(81)		3		352		(351)		-		-		(4)		718		(121)
Total	$	11,645	$	(483)	$	93	$	6,745	$	(740)	$	(5,601)	$	189	$	(140)	$	11,708	$	(151)

(a) Earnings effects are primarily included in the GECC revenues from services and Interest and other financial charges captions in the Condensed Statement of Earnings.

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represents the amount of unrealized gains or losses for the period included in earnings.

(d) Represents derivative assets net of derivative liabilities and included cash accruals of $12 million and $8 million not reflected in the fair value hierarchy table for the nine months ended September 30, 2014 and 2013, respectively.

(e) Gains (losses) included in "net realized/unrealized gains (losses) included in earnings" were offset by the earnings effects from the underlying items that were economically hedged. See Note 15.

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Non-Recurring Fair Value Measurements

The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at September 30, 2014 and December 31, 2013.

	Remeasured during				Remeasured during
	the nine months ended				the year ended
	September 30, 2014				December 31, 2013
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and loans held for sale	$	97	$	1,971	$	210	$	2,986
Cost and equity method investments		260		437		-		690
Long-lived assets, including real estate		452		1,024		2,050		1,088
Total	$	809	$	3,432	$	2,260	$	4,764

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at September 30, 2014 and 2013.

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Financing receivables and loans held for sale	$	(112)	$	(107)	$	(298)	$	(257)
Cost and equity method investments		(94)		(45)		(333)		(276)
Long-lived assets, including real estate		(374)		(366)		(491)		(855)
Total	$	(580)	$	(518)	$	(1,122)	$	(1,388)

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Level 3 Measurements - Significant Unobservable Inputs
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted average)
September 30, 2014
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	985	Income approach	Discount rate(a)	1.5%-10.0%(6.2%)
State and municipal		478	Income approach	Discount rate(a)	2.0%-5.2%(3.3%)
Asset-backed		7,244	Income approach	Discount rate(a)	1.9%-11.0%(5.0%)
Corporate – non-U.S.		633	Income approach	Discount rate(a)	0.2%-15.1%(7.8%)
Other financial assets		227	Income approach,	EBITDA multiple	5.4X-9.1X(7.7X)
			Market comparables	Discount rate(a)	4.1%-4.8%(4.3%)
				Capitalization rate(b)	6.3%-7.8%(7.4%)
Non-recurring fair value measurements
Financing receivables and	$	787	Income approach,	Capitalization rate(b)	2.7%-11.3%(7.3%)
loans held for sale			Business enterprise	EBITDA multiple	4.3X-6.5X(6.1X)
			value
Cost and equity method investments		343	Income approach,	Discount rate(a)	8.0%-10.0%(9.4%)
			Business enterprise	EBITDA multiple	1.8X-16.2X(7.8X)
			value, Market comparables
Long-lived assets, including real estate		877	Income approach	Capitalization rate(b)	5.5%-15.3%(6.3%)
				Discount rate(a)	2.0%-19.0%(6.8%)
December 31, 2013
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	898	Income approach	Discount rate(a)	1.5%-13.3% (6.5%)
Asset-backed		6,854	Income approach	Discount rate(a)	1.2%-10.5%(3.7%)
Corporate – non-U.S.		819	Income approach	Discount rate(a)	1.4%-46.0%(15.1%)
Other financial assets		381	Income approach,	WACC(c)	9.3%-9.3% (9.3%)
			Market comparables	EBITDA multiple	5.4X-12.5X(9.5X)
				Discount rate(a)	5.2%-8.8%(5.3%)
				Capitalization rate(b)	6.3%-7.5%(7.2%)
Non-recurring fair value measurements
Financing receivables and	$	1,937	Income approach,	Capitalization rate(b)	5.5%-16.7%(8.0%)
loans held for sale			Business enterprise	EBITDA multiple	4.3X-5.5X(4.8X)
			value	Discount rate(a)	6.6%-6.6% (6.6%)
Cost and equity method investments		102	Income approach,	Discount rate(a)	5.7%-5.9%(5.8%)
			Market comparables	Capitalization rate(b)	8.5%-10.6% (10.0%)
				WACC(c)	9.3%-9.6%(9.4%)
				EBITDA multiple	7.1X-14.5X(11.3X)
				Revenue multiple	2.2X-12.6X(9.4X)
Long-lived assets, including real estate		694	Income approach	Capitalization rate(b)	5.4%-14.5%(7.8%)
				Discount rate(a)	4.0%-23.0%(9.0%)

(a) Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.

(b) Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property's capitalized value. An increase in the capitalization rate would result in a decrease in the fair value.

(c) Weighted average cost of capital (WACC).

At September 30, 2014 and December 31, 2013, other Level 3 recurring fair value measurements of $2,947 million and $2,816 million, respectively, and non-recurring measurements of $1,325 million and $1,460 million, respectively, are valued using non-binding broker quotes or other third-party sources. At September 30, 2014 and December 31, 2013, other recurring fair value measurements of $240 million and $327 million, respectively, and non-recurring fair value measurements of $100 million and $571 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation.

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15. FINANCIAL INSTRUMENTS

The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities' fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity.

	September 30, 2014						December 31, 2013
			Assets (liabilities)						Assets (liabilities)
			Carrying						Carrying
	Notional		amount		Estimated		Notional		amount		Estimated
(In millions)	amount		(net)		fair value		amount		(net)		fair value
GE
Assets
Investments and notes
receivable	$	(a)	$	447	$	477	$	(a)	$	488	$	512
Liabilities
Borrowings(b)		(a)		(16,586)		(17,405)		(a)		(13,356)		(13,707)
GECC
Assets
Loans		(a)		212,454		217,203		(a)		226,293		230,792
Other commercial mortgages		(a)		2,838		2,886		(a)		2,270		2,281
Loans held for sale		(a)		2,446		2,574		(a)		512		512
Other financial instruments(c)		(a)		812		1,224		(a)		1,622		2,203
Liabilities
Borrowings and bank
deposits(b)(d)		(a)		(358,457)		(374,185)		(a)		(371,062)		(386,823)
Investment contract benefits		(a)		(3,007)		(3,584)		(a)		(3,144)		(3,644)
Guaranteed investment contracts		(a)		(1,265)		(1,273)		(a)		(1,471)		(1,459)
Insurance – credit life(e)		2,057		(100)		(87)		2,149		(108)		(94)

(a) These financial instruments do not have notional amounts.

(b) See Note 8.

(c) Principally comprises cost method investments.

(d) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at September 30, 2014 and December 31, 2013 would have been reduced by $3,824 million and $2,284 million, respectively.

(e) Net of reinsurance of $964 million and $1,250 million at September 30, 2014 and December 31, 2013, respectively.

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Notional Amounts of Loan Commitments
(In millions)	September 30, 2014		December 31, 2013
Ordinary course of business lending commitments(a)	$	4,511	$	4,756
Unused revolving credit lines(b)
Commercial(c)		14,145		16,570
Consumer – principally credit cards		310,602		290,662

(a) Excluded investment commitments of $1,007 million and $1,395 million at September 30, 2014 and December 31, 2013, respectively.

(b) Excluded amounts related to inventory financing arrangements, which may be withdrawn at our option, of $15,972 million and $13,502 million at September 30, 2014 and December 31, 2013, respectively.

(c) Included amounts related to commitments of $9,797 million and $11,629 million at September 30, 2014 and December 31, 2013, respectively, associated with secured financing arrangements that could have increased to a maximum of $12,241 million and $14,590 million at September 30, 2014 and December 31, 2013, respectively, based on asset volume under the arrangement.

Securities Repurchase and Reverse Repurchase Arrangements

Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. At September 30, 2014, we were party to repurchase agreements totaling $175 million, which were reported in short-term borrowings on the financial statements. We have had no repurchase agreements that were accounted for as off-book financing and we do not engage in securities lending transactions.

We also enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At September 30, 2014, we were party to reverse repurchase agreements totaling $12.2 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements.

Derivatives and Hedging

As a matter of policy, we use derivatives for risk management purposes and we do not use derivatives for speculative purposes. A key risk management objective for our financial services businesses is to mitigate interest rate and currency risk by seeking to ensure that the characteristics of the debt match the assets they are funding. If the form (fixed versus floating) and currency denomination of the debt we issue do not match the related assets, we typically execute derivatives to adjust the nature and tenor of funding to meet this objective within pre-defined limits. The determination of whether we enter into a derivative transaction or issue debt directly to achieve this objective depends on a number of factors, including market related factors that affect the type of debt we can issue.

The notional amounts of derivative contracts represent the basis upon which interest and other payments are calculated and are reported gross, except for offsetting foreign currency forward contracts that are executed in order to manage our currency risk of net investment in foreign subsidiaries. Of the outstanding notional amount of $341,000 million, approximately 88% or $301,000 million, is associated with reducing or eliminating the interest rate, currency or market risk between financial assets and liabilities in our financial services businesses. The remaining derivative activities primarily relate to hedging against adverse changes in currency exchange rates and commodity prices related to anticipated sales and purchases and contracts containing certain clauses that meet the accounting definition of a derivative. The instruments used in these activities are designated as hedges when practicable. When we are not able to apply hedge accounting, or when the derivative and the hedged item are both recorded in earnings concurrently, the derivatives are deemed economic hedges and hedge accounting is not applied. This most frequently occurs when we hedge a recognized foreign currency transaction (e.g., a receivable or payable) with a derivative. Since the effects of changes in exchange rates are reflected concurrently in earnings for both the derivative and the transaction, the economic hedge does not require hedge accounting.

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Fair Value of Derivatives
	September 30, 2014				December 31, 2013
(In millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	4,630	$	874	$	3,837	$	1,989
Currency exchange contracts		2,473		528		1,830		984
Other contracts		-		-		1		-
		7,103		1,402		5,668		2,973
Derivatives not accounted for as hedges
Interest rate contracts		256		139		270		169
Currency exchange contracts		1,888		2,644		2,257		2,245
Other contracts		235		45		284		42
		2,379		2,828		2,811		2,456
Gross derivatives recognized in statement of
financial position
Gross derivatives		9,482		4,230		8,479		5,429
Gross accrued interest		1,200		35		1,227		241
		10,682		4,265		9,706		5,670
Amounts offset in statement of financial position
Netting adjustments(a)		(3,586)		(3,606)		(4,120)		(4,113)
Cash collateral(b)		(3,600)		(283)		(2,619)		(242)
		(7,186)		(3,889)		(6,739)		(4,355)
Net derivatives recognized in statement of
financial position
Net derivatives		3,496		376		2,967		1,315
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(3,123)		-		(1,962)		-
Net amount	$	373	$	376	$	1,005	$	1,315

Derivatives are classified in all other assets and all other liabilities and the related accrued interest is classified in other GECC receivables and all other liabilities in our financial statements.

(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At September 30, 2014 and December 31, 2013, the cumulative adjustment for non-performance risk was a gain (loss) of $20 million and $(7) million, respectively.

(b) Excluded excess cash collateral received and posted of $81 million and $93 million, and $160 million and $37 million at September 30, 2014 and December 31, 2013, respectively.

(c) Excluded excess securities collateral received of $110 million and $363 million at September 30, 2014 and December 31, 2013, respectively.

Fair value hedges

We use interest rate and currency exchange derivatives to hedge the fair value effects of interest rate and currency exchange rate changes on local and non-functional currency denominated fixed-rate debt. For relationships designated as fair value hedges, changes in fair value of the derivatives are recorded in earnings within interest and other financial charges, along with offsetting adjustments to the carrying amount of the hedged debt.

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Earnings Effect of Fair Value Hedging Relationships
	Three months ended September 30
	2014				2013
	Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
	on hedging		on hedged		on hedging		on hedged
(In millions)	derivatives		items		derivatives		items
Interest rate contracts	$	341	$	(350)	$	(449)	$	410
Currency exchange contracts		(8)		8		(4)		3

Fair value hedges resulted in $(9) million and $(40) million of ineffectiveness in the three months ended September 30, 2014 and 2013, respectively. In both the three months ended September 30, 2014 and 2013, there were insignificant amounts excluded from the assessment of effectiveness. 

	Nine months ended September 30
	2014				2013
	Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
	on hedging		on hedged		on hedging		on hedged
(In millions)	derivatives		items		derivatives		items
Interest rate contracts	$	2,056	$	(2,129)	$	(4,295)	$	4,236
Currency exchange contracts		(11)		10		(11)		10

Fair value hedges resulted in $(74) million and $(60) million of ineffectiveness in the nine months ended September 30, 2014 and 2013, respectively. In both the nine months ended September 30, 2014 and 2013, there were insignificant amounts excluded from the assessment of effectiveness.

Cash flow hedges

We use interest rate, currency exchange and commodity derivatives to reduce the variability of expected future cash flows associated with variable rate borrowings and commercial purchase and sale transactions, including commodities. For derivatives that are designated in a cash flow hedging relationship, the effective portion of the change in fair value of the derivative is reported as a component of AOCI and reclassified into earnings contemporaneously and in the same caption with the earnings effects of the hedged transaction.

Gains (Losses) Recognized through AOCI
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended September 30				for the three months ended September 30
(In millions)	2014		2013		2014		2013
Interest rate contracts	$	9	$	(24)	$	(53)	$	(88)
Currency exchange contracts		(318)		58		(361)		114
Commodity contracts		(1)		1		-		(1)
Total(a)	$	(310)	$	35	$	(414)	$	25

(a) Gain (loss) is recorded in GECC revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the nine months ended September 30				for the nine months ended September 30
(In millions)	2014		2013		2014		2013
Interest rate contracts	$	-	$	(15)	$	(182)	$	(282)
Currency exchange contracts		(343)		372		(412)		290
Commodity contracts		(2)		(6)		(2)		(3)
Total(a)	$	(345)	$	351	$	(596)	$	5

(a) Gain (loss) is recorded in GECC revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

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The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was an $81 million loss at September 30, 2014. We expect to transfer $220 million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the nine months ended September 30, 2014 and 2013, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At September 30, 2014 and 2013, the maximum term of derivative instruments that hedge forecasted transactions was 18 years and 19 years, respectively. See Note 11 for additional information about reclassifications out of AOCI.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

Net investment hedges in foreign operations

We use currency exchange derivatives to protect our net investments in global operations conducted in non-U.S. dollar currencies. For derivatives that are designated as hedges of net investment in a foreign operation, we assess effectiveness based on changes in spot currency exchange rates. Changes in spot rates on the derivative are recorded as a component of AOCI until such time as the foreign entity is substantially liquidated or sold, or upon the loss of a controlling interest in a foreign entity. The change in fair value of the forward points, which reflects the interest rate differential between the two countries on the derivative, is excluded from the effectiveness assessment.

Gains (Losses) Recognized through CTA
	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the three months ended September 30				for the three months ended September 30
(In millions)	2014		2013		2014		2013
Currency exchange contracts(a)	$	2,792	$	645	$	(24)	$	(169)

(a) Gain (loss) is recorded in GECC revenues from services when reclassified out of AOCI.

	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the nine months ended September 30				for the nine months ended September 30
(In millions)	2014		2013		2014		2013
Currency exchange contracts(a)	$	2,194	$	3,162	$	(14)	$	(278)

(a)Gain (loss) is recorded in GECC revenues from services when reclassified out of AOCI.

The amounts related to the change in the fair value of the forward points that are excluded from the measure of effectiveness were $(147) million and $(161) million in the three months ended September 30, 2014 and 2013, respectively, and $(458) million and $(514) million in the nine months ended September 30, 2014 and 2013, respectively, and were recorded in interest and other financial charges.

Free-standing derivatives

Changes in the fair value of derivatives that are not designated as hedges are recorded in earnings each period. As discussed above, these derivatives are typically entered into as economic hedges of changes in interest rates, currency exchange rates, commodity prices and other risks. Gains or losses related to the derivative are typically recorded in GECC revenues from services or other income, based on our accounting policy. In general, the earnings effects of the item that represent the economic risk exposure are recorded in the same caption as the derivative. Gains (losses) for the nine months ended September 30, 2014 on derivatives not designated as hedges were $(575) million composed of amounts related to interest rate contracts of $(24) million, currency exchange contracts of $(581) million, and other derivatives of $30 million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged. Gains (losses) for the nine months ended September 30, 2013 on derivatives not designated as hedges were $(960) million composed of amounts related to interest rate contracts of $(90) million, currency exchange contracts of $(1,011) million, and other derivatives of $141 million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged.

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Counterparty credit risk

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral.

As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $6,723 million at September 30, 2014, of which $3,600 million was cash and $3,123 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $283 million at September 30, 2014. At September 30, 2014, our exposure to counterparties (including accrued interest), net of collateral we hold, was $329 million. This excludes exposure related to embedded derivatives.

Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $334 million at September 30, 2014. This excludes embedded derivatives.

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16. VARIABLE INTEREST ENTITIES

We use variable interest entities primarily to securitize financial assets and arrange other forms of asset-backed financing in the ordinary course of business. Except as noted below, investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2014 or 2013.

Consolidated Variable Interest Entities

We consolidate VIEs because we have the power to direct the activities that significantly affect the VIE's economic performance, typically because of our role as either servicer or manager for the VIE. Our consolidated VIEs fall into three main groups, which are further described below:

· Trinity comprises two consolidated entities that hold investment securities, the majority of which are investment-grade, and were funded by the issuance of GICs. The GICs include conditions under which certain holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3 or the short-term credit ratings fall below A-1+/P-1. The outstanding GICs are subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things, and are reported in investment contracts, insurance liabilities and insurance annuity benefits.

· Consolidated Securitization Entities (CSEs) were created to facilitate securitization of financial assets and other forms of asset-backed financing that serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and all are non-recourse. We provide servicing for substantially all of the assets in these entities.

The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GE. The creditors of these entities have no claim on other assets of GE.

· Other remaining assets and liabilities of consolidated VIEs relate primarily to three categories of entities: (1) joint ventures that lease equipment with $1,552 million of assets and $690 million of liabilities; (2) other entities that are involved in power generating and leasing activities with $681 million of assets and no liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers' compensation coverage for GE with $1,222 million of assets and $578 million of liabilities.

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Assets and Liabilities of Consolidated VIEs
			Consolidated Securitization Entities
									Trade
(In millions)	Trinity(a)		Credit cards		(b)	Equipment		(b)	receivables		Other		Total
September 30, 2014
Assets(c)
Financing receivables, net	$	-	$	25,043		$	12,849		$	3,044	$	2,754	$	43,690
Investment securities		2,451		-			-			-		1,049		3,500
Other assets		108		999	(d)		771			1		2,865		4,744
Total	$	2,559	$	26,042		$	13,620		$	3,045	$	6,668	$	51,934
Liabilities(c)
Borrowings	$	-	$	-		$	-		$	-	$	547	$	547
Non-recourse borrowings		-		15,091			10,763			2,479		447		28,780
Other liabilities		1,285		331			596			21		1,498		3,731
Total	$	1,285	$	15,422		$	11,359		$	2,500	$	2,492	$	33,058
December 31, 2013
Assets(c)
Financing receivables, net	$	-	$	24,766		$	12,928		$	2,509	$	2,044	$	42,247
Investment securities		2,786		-			-			-		1,044		3,830
Other assets		213		20			557			-		2,430		3,220
Total	$	2,999	$	24,786		$	13,485		$	2,509	$	5,518	$	49,297
Liabilities(c)
Borrowings	$	-	$	-		$	-		$	-	$	598	$	598
Non-recourse borrowings		-		15,363			10,982			2,180		49		28,574
Other liabilities		1,482		228			248			25		1,351		3,334
Total	$	1,482	$	15,591		$	11,230		$	2,205	$	1,998	$	32,506

(a) Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $1,490 million and $1,837 million at September 30, 2014 and December 31, 2013, respectively.

(b) We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At September 30, 2014 and December 31, 2013, the amounts of commingled cash owed to the CSEs were $3,040 million and $6,314 million, respectively, and the amounts owed to us by CSEs were $2,918 million and $5,540 million, respectively.

(c) Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC as servicer, which are eliminated in consolidation. Such receivables provide the cash to repay the entities' liabilities. If these intercompany receivables were included in the table above, assets would be higher. In addition, other assets, borrowings and other liabilities exclude intercompany balances that are eliminated in consolidation.

(d) Includes receivables required to be classified as held-for-sale following third-party notice to terminate a private label credit card program and purchase the program receivables.

Total revenues from our consolidated VIEs were $2,070 million and $1,950 million in the three months ended September 30, 2014 and 2013, respectively, and $5,780 million and $5,598 million in the nine months ended September 30, 2014 and 2013, respectively. Related expenses consisted primarily of provisions for losses of $246 million and $175 million in the three months ended September 30, 2014 and 2013, respectively, and $814 million and $764 million in the nine months ended September 30, 2014 and 2013, respectively, and interest and other financial charges of $93 million and $85 million in the three months ended September 30, 2014 and 2013, respectively, and $262 million and $270 million in the nine months ended September 30, 2014 and 2013, respectively. These amounts do not include intercompany revenues and costs, principally fees and interest between GE and the VIEs, which are eliminated in consolidation.

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Investments in Unconsolidated Variable Interest Entities

Our involvement with unconsolidated VIEs consists of the following activities: assisting in the formation and financing of the entity; providing recourse and/or liquidity support; servicing the assets; and receiving variable fees for services provided. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance.

Our largest exposure to any single unconsolidated VIE at September 30, 2014 is a $8,165 million investment in asset-backed securities issued by the Senior Secured Loan Program ("SSLP"), a fund that invests in high-quality senior secured debt of various middle-market companies. Other significant unconsolidated VIEs include investments in real estate entities ($1,749 million), which generally consist of passive limited partnership investments in tax-advantaged, multi-family real estate and investments in various European real estate entities; and exposures to joint ventures that purchase factored receivables ($2,400 million).

The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the type of investment we hold. Variable interests in partnerships and corporate entities are classified as either equity method or cost method investments. In the ordinary course of business, we also make investments in entities in which we are not the primary beneficiary but may hold a variable interest such as limited partner interests or mezzanine debt investments. These investments are classified in two captions in our financial statements: "All other assets" for investments accounted for under the equity method, and "Financing receivables – net" for debt financing provided to these entities.

Investments in Unconsolidated VIEs
(In millions)	September 30, 2014		December 31, 2013
Other assets and investment securities	$	9,570	$	9,129
Financing receivables – net		2,930		3,346
Total investments		12,500		12,475
Contractual obligations to fund investments or guarantees		2,536		2,741
Revolving lines of credit		164		31
Total	$	15,200	$	15,247

In addition to the entities included in the table above, we also hold passive investments in RMBS, CMBS and ABS issued by VIEs. Such investments were, by design, investment-grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3.

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17. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate overhead costs.

These intercompany transactions are reported in the GE and GECC columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(2,782) million, $(797) million and, $3,579 million for the nine months ended September 30, 2014, respectively, and, $(2,426) million, $(1,555) million and, $4,075 million for the nine months ended September 30, 2013, respectively. Details of these eliminations are shown below.

	Nine months ended September 30
(In millions)	2014		2013
Cash from (used for) operating activities-continuing operations
Combined	$	18,892	$	19,636
GE customer receivables sold to GECC		43		918
GECC dividends to GE		(2,221)		(3,947)
Other reclassifications and eliminations		(604)		603
	$	16,110	$	17,210
Cash from (used for) investing activities-continuing operations
Combined	$	(891)	$	33,590
GE customer receivables sold to GECC		(948)		(900)
Other reclassifications and eliminations		151		(655)
	$	(1,688)	$	32,035
Cash from (used for) financing activities-continuing operations
Combined	$	(14,652)	$	(43,094)
GE customer receivables sold to GECC		905		(18)
GECC dividends to GE		2,221		3,947
Other reclassifications and eliminations		453		146
	$	(11,073)	$	(39,019)

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18. SUPPLEMENTAL INFORMATION ABOUT THE CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

Credit Quality Indicators

We provide further detailed information about the credit quality of our Commercial, Real Estate and Consumer financing receivables portfolios. For each portfolio, we describe the characteristics of the financing receivables and provide information about collateral, payment performance, credit quality indicators and impairment. We manage these portfolios using delinquency and nonaccrual data as key performance indicators. The categories used within this section such as impaired loans, troubled debt restructuring (TDR) and nonaccrual financing receivables are defined by the authoritative guidance and we base our categorization on the related scope and definitions contained in the related standards. The categories of nonaccrual and delinquent are used in our process for managing our financing receivables.

Past Due and Nonaccrual Financing Receivables
		September 30, 2014									December 31, 2013
		Over 30 days			Over 90 days						Over 30 days			Over 90 days
(In millions)		past due			past due			Nonaccrual			past due			past due			Nonaccrual
Commercial
CLL
Americas	$	592		$	376		$	1,101		$	755		$	359		$	1,275
International		1,563			846			1,013			1,490			820			1,459
Total CLL		2,155			1,222			2,114			2,245			1,179			2,734
Energy Financial Services		-			-			57			-			-			4
GECAS		-			-			153			-			-			-
Other		-			-			-			-			-			6
Total Commercial		2,155			1,222			2,324	(a)		2,245			1,179			2,744	(a)
Real Estate		284			247			1,628	(b)		247			212			2,551	(b)
Consumer
Non-U.S. residential mortgages		3,044			1,892			1,960			3,406			2,104			2,161
Non-U.S. installment and revolving credit		320			95			50			512			146			88
U.S. installment and revolving credit		2,372			1,038			2			2,442			1,105			2
Non-U.S. auto		73			10			19			89			13			18
Other		131			66			218			172			99			351
Total Consumer		5,940			3,101	(c)		2,249	(d)		6,621			3,467	(c)		2,620	(d)
Total	$	8,379		$	4,570		$	6,201		$	9,113		$	4,858		$	7,915
Total as a percent of financing receivables		3.5	%		1.9	%		2.6	%		3.5	%		1.9	%		3.1	%

(a) Included $1,157 million and $1,397 million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.

(b) Included $1,355 million and $2,308 million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.

(c) Included $1,134 million and $1,197 million of Consumer loans at September 30, 2014 and December 31, 2013, respectively, that are over 90 days past due and continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due.

(d) Included $234 million and $324 million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.

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Impaired Loans and Related Reserves
	With no specific allowance						With a specific allowance
	Recorded		Unpaid		Average		Recorded		Unpaid				Average
	investment		principal		investment		investment		principal		Associated		investment
(In millions)	in loans		balance		in loans		in loans		balance		allowance		in loans
September 30, 2014
Commercial
CLL
Americas	$	1,508	$	1,987	$	1,694	$	235	$	365	$	64	$	287
International(a)		1,064		3,009		1,139		312		445		125		508
Total CLL		2,572		4,996		2,833		547		810		189		795
Energy Financial Services		57		58		19		-		-		-		26
GECAS		61		61		27		-		-		-		19
Other		-		-		1		-		-		-		1
Total Commercial(b)		2,690		5,115		2,880		547		810		189		841
Real Estate(c)		1,994		2,315		2,468		478		631		27		778
Consumer(d)		131		173		115		2,369		2,503		484		2,673
Total	$	4,815	$	7,603	$	5,463	$	3,394	$	3,944	$	700	$	4,292
December 31, 2013
Commercial
CLL
Americas	$	1,670	$	2,187	$	2,154	$	417	$	505	$	96	$	509
International(a)		1,104		3,082		1,136		691		1,059		231		629
Total CLL		2,774		5,269		3,290		1,108		1,564		327		1,138
Energy Financial Services		-		-		-		4		4		1		2
GECAS		-		-		-		-		-		-		1
Other		2		3		9		4		4		-		5
Total Commercial(b)		2,776		5,272		3,299		1,116		1,572		328		1,146
Real Estate(c)		2,615		3,036		3,058		1,245		1,507		74		1,688
Consumer(d)		109		153		98		2,879		2,948		567		3,058
Total	$	5,500	$	8,461	$	6,455	$	5,240	$	6,027	$	969	$	5,892

(a) Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan. However, in accordance with regulatory standards that are applicable in Italy, commercial loans are considered uncollectible when there is demonstrable evidence of the debtor's insolvency, which may result in write-offs occurring beyond 360 days after initial recognition of a specific reserve.

(b) We recognized $139 million, $218 million and $173 million of interest income, including none, $60 million and $53 million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively, principally in our CLL Americas business. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $3,721 million and $4,445 million, respectively.

(c) We recognized $47 million, $187 million and $161 million of interest income, including none, $135 million and $132 million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $3,246 million and $4,746 million, respectively.

(d) We recognized $135 million, $221 million and $166 million of interest income, including $3 million, $3 million and $3 million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively, principally in our Consumer-U.S. installment and revolving credit portfolios. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $2,788 million and $3,156 million, respectively.

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(In millions)	Non-impaired financing receivables		General reserves		Impaired loans		Specific reserves
September 30, 2014
Commercial	$	118,283	$	637	$	3,237	$	189
Real Estate		17,327		127		2,472		27
Consumer		98,756		3,706		2,500		484
Total	$	234,366	$	4,470	$	8,209	$	700
December 31, 2013
Commercial	$	125,377	$	677	$	3,892	$	328
Real Estate		16,039		118		3,860		74
Consumer		106,051		3,414		2,988		567
Total	$	247,467	$	4,209	$	10,740	$	969

Impaired loans classified as TDRs in our CLL business were $2,276 million and $2,961 million at September 30, 2014 and December 31, 2013, respectively, and were primarily attributable to CLL Americas ($1,312 million and $1,770 million, respectively). For the nine months ended September 30, 2014, we modified $777 million of loans classified as TDRs, primarily in CLL Americas ($428 million). Changes to these loans primarily included extensions, interest only payment periods, debt to equity exchange and forbearance or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $1,133 million and $1,808 million of modifications classified as TDRs in the twelve months ended September 30, 2014 and 2013, respectively, $33 million and $80 million have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

Real Estate TDRs decreased from $3,625 million at December 31, 2013 to $2,338 million at September 30, 2014, primarily driven by resolution of TDRs through paydowns. We deem loan modifications to be TDRs when we have granted a concession to a borrower experiencing financial difficulty and we do not receive adequate compensation in the form of an effective interest rate that is at current market rates of interest given the risk characteristics of the loan or other consideration that compensates us for the value of the concession. The limited liquidity and higher return requirements in the real estate market for loans with higher loan-to-value (LTV) ratios has typically resulted in the conclusion that the modified terms are not at current market rates of interest, even if the modified loans are expected to be fully recoverable. For the nine months ended September 30, 2014, we modified $531 million of loans classified as TDRs. Changes to these loans primarily included forbearance, maturity extensions and changes to collateral or covenant terms or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $768 million and $2,089 million of modifications classified as TDRs in the twelve months ended September 30, 2014 and 2013, respectively, $311 million and $282 million have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

Impaired loans in our Consumer business represent restructured smaller balance homogeneous loans meeting the definition of a TDR, and are therefore subject to the disclosure requirement for impaired loans, and commercial loans in our Consumer–Other portfolio. The recorded investment of these impaired loans totaled $2,500 million (with an unpaid principal balance of $2,676 million) and comprised $131 million with no specific allowance, primarily all in our Consumer–Other portfolio, and $2,369 million with a specific allowance of $484 million at September 30, 2014. The impaired loans with a specific allowance included $134 million with a specific allowance of $17 million in our Consumer–Other portfolio and $2,235 million with a specific allowance of $467 million across the remaining Consumer business and had an unpaid principal balance and average investment of $2,503 million and $2,673 million, respectively, at September 30, 2014.

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Impaired loans classified as TDRs in our Consumer business were $2,428 million and $2,874 million at September 30, 2014 and December 31, 2013, respectively. We utilize certain loan modification programs for borrowers experiencing financial difficulties in our Consumer loan portfolio. These loan modification programs primarily include interest rate reductions and payment deferrals in excess of three months, which were not part of the terms of the original contract, and are primarily concentrated in our non-U.S. residential mortgage and U.S. credit card portfolios. For the nine months ended September 30, 2014, we modified $788 million of consumer loans for borrowers experiencing financial difficulties, which are classified as TDRs, and included $442 million of non-U.S. consumer loans, primarily residential mortgages, credit cards and personal loans and $346 million of U.S. consumer loans, primarily credit cards. We expect borrowers whose loans have been modified under these programs to continue to be able to meet their contractual obligations upon the conclusion of the modification. Of our $1,074 million and $1,576 million of modifications classified as TDRs in the twelve months ended September 30, 2014 and 2013, respectively, $95 million and $215 million have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

Supplemental Credit Quality Information

Commercial

Substantially all of our Commercial financing receivables portfolio is secured lending and we assess the overall quality of the portfolio based on the potential risk of loss measure. The metric incorporates both the borrower's credit quality along with any related collateral protection.

Our internal risk ratings process is an important source of information in determining our allowance for losses and represents a comprehensive, statistically validated approach to evaluate risk in our financing receivables portfolios. In deriving our internal risk ratings, we stratify our Commercial portfolios into 21 categories of default risk and/or six categories of loss given default to group into three categories: A, B and C. Our process starts by developing an internal risk rating for our borrowers, which is based upon our proprietary models using data derived from borrower financial statements, agency ratings, payment history information, equity prices and other commercial borrower characteristics. We then evaluate the potential risk of loss for the specific lending transaction in the event of borrower default, which takes into account such factors as applicable collateral value, historical loss and recovery rates for similar transactions, and our collection capabilities. Our internal risk ratings process and the models we use are subject to regular monitoring and validation controls. The frequency of rating updates is set by our credit risk policy, which requires annual Risk Committee approval. The models are updated on a regular basis and statistically validated annually, or more frequently as circumstances warrant.

As described above, financing receivables are assigned one of 21 risk ratings based on our process and then these are grouped by similar characteristics into three categories in the table below. Category A is characterized by either high-credit-quality borrowers or transactions with significant collateral coverage that substantially reduces or eliminates the risk of loss in the event of borrower default. Category B is characterized by borrowers with weaker credit quality than those in Category A, or transactions with moderately strong collateral coverage that minimizes but may not fully mitigate the risk of loss in the event of default. Category C is characterized by borrowers with higher levels of default risk relative to our overall portfolio or transactions where collateral coverage may not fully mitigate a loss in the event of default.

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Commercial Financing Receivables by Risk Category
	Secured
(In millions)	A		B		C		Total
September 30, 2014
CLL
Americas	$	63,828	$	1,279	$	1,409	$	66,516
International		41,030		609		1,030		42,669
Total CLL		104,858		1,888		2,439		109,185
Energy Financial Services		2,686		55		30		2,771
GECAS		8,236		106		107		8,449
Other		134		-		-		134
Total	$	115,914	$	2,049	$	2,576	$	120,539
December 31, 2013
CLL
Americas	$	65,545	$	1,587	$	1,554	$	68,686
International		44,930		619		1,237		46,786
Total CLL		110,475		2,206		2,791		115,472
Energy Financial Services		2,969		9		-		2,978
GECAS		9,175		50		152		9,377
Other		318		-		-		318
Total	$	122,937	$	2,265	$	2,943	$	128,145

For our secured financing receivables portfolio, our collateral position and ability to work out problem accounts mitigates our losses. Our asset managers have deep industry expertise that enables us to identify the optimum approach to default situations. We price risk premiums for weaker credits at origination, closely monitor changes in creditworthiness through our risk ratings and watch list process, and are engaged early with deteriorating credits to minimize economic loss. Secured financing receivables within risk Category C are predominantly in our CLL businesses and are primarily composed of senior term lending facilities and factoring programs secured by various asset types including inventory, accounts receivable, cash, equipment and related business facilities as well as franchise finance activities secured by underlying equipment.

Loans within Category C are reviewed and monitored regularly, and classified as impaired when it is probable that they will not pay in accordance with contractual terms. Our internal risk rating process identifies credits warranting closer monitoring; and as such, these loans are not necessarily classified as nonaccrual or impaired.

Our unsecured Commercial financing receivables portfolio is primarily attributable to our Interbanca S.p.A. and GE Sanyo Credit acquisitions in CLL International. At September 30, 2014 and December 31, 2013, these financing receivables included $342 million and $313 million rated A, $402 million and $580 million rated B, and $237 million and $231 million rated C, respectively.

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Real Estate

Due to the primarily non-recourse nature of our Debt portfolio, loan-to-value ratios (the ratio of the outstanding debt on a property to the re-indexed value of that property) provide the best indicators of the credit quality of the portfolio.

	Loan-to-value ratio
	September 30, 2014						December 31, 2013
	Less than		80% to		Greater than		Less than		80% to		Greater than
(In millions)	80%		95%		95%		80%		95%		95%
Debt	$	16,564	$	1,044	$	1,368	$	15,576	$	1,300	$	2,111

The credit quality of the owner occupied/credit tenant portfolio is primarily influenced by the strength of the borrower's general credit quality, which is reflected in our internal risk rating process, consistent with the process we use for our Commercial portfolio. As of September 30, 2014, the balances of our owner occupied/credit tenant portfolio with an internal risk rating of A, B and C approximated $575 million, $142 million and $106 million, respectively, as compared to the December 31, 2013, balances of $571 million, $179 million and $162 million, respectively.

The financing receivables within our Debt portfolio are primarily concentrated in our North American and European Lending platforms and are secured by various property types. A substantial majority of our Debt financing receivables with loan-to-value ratios greater than 95% are paying in accordance with contractual terms. Substantially all of these loans and the majority of our owner occupied/credit tenant financing receivables included in Category C are impaired loans that are subject to the specific reserve evaluation process. The ultimate recoverability of impaired loans is driven by collection strategies that do not necessarily depend on the sale of the underlying collateral and include full or partial repayments through third-party refinancing and restructurings.

Consumer

At September 30, 2014, our U.S. consumer financing receivables included private-label credit card and sales financing for approximately 60 million customers across the U.S. with no metropolitan area accounting for more than 6% of the portfolio. Of the total U.S. consumer financing receivables, approximately 65% relate to credit card loans that are often subject to profit and loss sharing arrangements with the retailer (which are recorded in revenues), and the remaining 35% are sales finance receivables that provide financing to customers in areas such as electronics, recreation, medical and home improvement.

Our Consumer financing receivables portfolio comprises both secured and unsecured lending. Secured financing receivables comprise residential loans and lending to small and medium-sized enterprises predominantly secured by auto and equipment, inventory finance, and cash flow loans. Unsecured financing receivables include private-label credit card financing. A substantial majority of these cards are not for general use and are limited to the products and services sold by the retailer. The private-label portfolio is diverse with no metropolitan area accounting for more than 6% of the related portfolio.

Non-U.S. residential mortgages

For our secured non-U.S. residential mortgage book, we assess the overall credit quality of the portfolio through loan-to-value ratios (the ratio of the outstanding debt on a property to the value of that property at origination). In the event of default and repossession of the underlying collateral, we have the ability to remarket and sell the properties to eliminate or mitigate the potential risk of loss.

	Loan-to-value ratio
	September 30, 2014							December 31, 2013
	80% or		Greater than		Greater than		80% or		Greater than		Greater than
(In millions)	less		80% to 90%		90%		less		80% to 90%		90%
Non-U.S. residential mortgages	$	15,640	$	4,647	$	7,387	$	17,224	$	5,130	$	8,147

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The majority of these financing receivables are in our U.K. and France portfolios and have re-indexed loan-to-value ratios of 71% and 56%, respectively. Re-indexed loan-to-value ratios may not reflect actual realizable values of future repossessions. We have third-party mortgage insurance for about 22% of the balance of Consumer non-U.S. residential mortgage loans with loan-to-value ratios greater than 90% at September 30, 2014. Such loans were primarily originated in France and the U.K.

Installment and Revolving Credit

We assess overall credit quality using internal and external credit scores. For our U.S. installment and revolving credit portfolio we use Fair Isaac Corporation ("FICO") scores. FICO scores are generally obtained at origination of the account and are refreshed at a minimum quarterly, but could be as often as weekly, to assist in predicting customer behavior. We categorize these credit scores into the following three categories; (a) 661 or higher, which are considered the strongest credits; (b) 601 to 660, which are considered moderate credit risk; and (c) 600 or less, which are considered weaker credits.

	Refreshed FICO score
	September 30, 2014						December 31, 2013
	661 or		601 to		600 or		661 or		601 to		600 or
(In millions)	higher		660		less		higher		660		less
U.S. installment and
revolving credit	$	39,998	$	11,051	$	4,209	$	40,079	$	11,142	$	4,633

For our non-U.S. installment and revolving credit and non-U.S. auto portfolios, our internal credit scores imply a probability of default that we consistently translate into three approximate credit bureau equivalent credit score categories, including (a) 671 or higher, which are considered the strongest credits; (b) 626 to 670, which are considered moderate credit risk; and (c) 625 or less, which are considered weaker credits.

	Internal ratings translated to approximate credit bureau equivalent score
	September 30, 2014						December 31, 2013
	671 or		626 to		625 or		671 or		626 to		625 or
(In millions)	higher		670		less		higher		670		less
Non-U.S. installment and
revolving credit	$	6,026	$	2,183	$	1,889	$	8,310	$	2,855	$	2,512
Non-U.S. auto		1,274		152		162		1,395		373		286

U.S. installment and revolving credit accounts with FICO scores of 600 or less and non U.S. installment and revolving credit accounts with credit bureau equivalent scores of 625 or less have an average outstanding balance less than one thousand U.S. dollars and are primarily concentrated in our retail card and sales finance receivables in the U.S. and closed-end loans outside the U.S., which minimizes the potential for loss in the event of default. For lower credit scores, we adequately price for the incremental risk at origination and monitor credit migration through our risk ratings process. We continuously adjust our credit line underwriting management and collection strategies based on customer behavior and risk profile changes.

Consumer – Other

We develop our internal risk ratings for this portfolio in a manner consistent with the process used to develop our Commercial credit quality indicators, described above. We use the borrower's credit quality and underlying collateral strength to determine the potential risk of loss from these activities.

At September 30, 2014, Consumer – Other financing receivables of $5,843 million, $325 million and $470 million were rated A, B and C, respectively. At December 31, 2013, Consumer – Other financing receivables of $6,137 million, $315 million and $501 million were rated A, B and C, respectively.

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

We are one of the largest and most diversified infrastructure and financial services corporations in the world. With products and services ranging from aircraft engines, power generation, oil and gas production equipment, and household appliances to medical imaging, business and consumer financing and industrial products. Operating businesses that are reported as segments include Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital.

General Electric Company's consolidated financial statements represent the combination of the industrial manufacturing and product services businesses of General Electric Company (GE) and the financial services businesses of General Electric Capital Corporation (GECC or Financial Services).

In the accompanying analysis of financial information, we sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission (SEC) rules. For such measures, we have provided supplemental explanations and reconciliations in Exhibit 99(a) to this Form 10-Q Report.

We supplement our GAAP net earnings and earnings per share (EPS) reporting by also reporting operating earnings and operating EPS (non-GAAP measures). Operating earnings and operating EPS include service costs, prior service cost amortization and curtailment loss for our principal pension plans as these costs represent expenses associated with employee benefits earned. Operating earnings and operating EPS exclude non-operating pension cost/income such as interest costs, expected return on plan assets and non-cash amortization of actuarial gains and losses. We believe that this reporting provides better transparency to the employee benefit costs of our principal pension plans and Company operating results.

Unless otherwise indicated, we refer to captions such as revenues and other income and earnings from continuing operations attributable to the Company simply as "revenues" and "earnings" throughout this Management's Discussion and Analysis. Similarly, discussion of other matters in our condensed, consolidated financial statements relates to continuing operations unless otherwise indicated.

We integrate acquisitions as quickly as possible. Only revenues and earnings from the date we complete the acquisition through the end of the fourth following quarter are attributed to such businesses.

We have reclassified certain prior-period amounts to conform to the current-period presentation.

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OVERVIEW

	Three months ended September 30					Nine months ended September 30
(Dollars in millions, except per share amounts)	2014		2013		V %	2014		2013		V %
GAAP
Consolidated revenues and other income	$	36,174	$	35,661	1%	$	106,585	$	105,663	1%
Earnings from continuing operations attributable
to the Company		3,480		3,282	6%		10,053		10,186	(1)%
Earnings (loss) from discontinued operations,
net of taxes, attributable to the Company		57		(91)	F		28		(335)	F
Consolidated net earnings attributable to
the Company		3,537		3,191	11%		10,081		9,851	2%
EPS from continuing operations-diluted		0.34		0.32	6%		0.99		0.98	1%
EPS from net earnings-diluted		0.35		0.31	13%		0.99		0.95	4%
Effective tax rate		11.8 %		9.6 %			10.5 %		10.1 %
Non-GAAP
Operating earnings	$	3,829	$	3,708	3%	$	11,088	$	11,465	(3)%
Operating EPS		0.38		0.36	6%		1.09		1.11	(2)%

Revenues

Revenues increased 1% in the three months ended September 30, 2014 compared with the same period of 2013. Industrial sales increased 3%, reflecting organic growth. Financial Services revenues decreased 1% as a result of organic revenue declines and the effects of dispositions, partially offset by higher gains and lower impairments.

Overall, the effects of acquisitions increased consolidated revenues $0.3billion and $0.6billion in the three months ended September 30, 2014 and 2013, respectively. Dispositions also affected our operations through lower revenues of $0.6billion and $1.0 billion in the three months ended September 30, 2014 and 2013, respectively.

Revenues increased 1% in the nine months ended September 30, 2014 compared with the same period of 2013. Industrial sales increased 6%, reflecting organic growth and the effects of acquisitions. Financial Services revenues decreased 5% as a result of organic revenue declines, primarily due to lower ending net investment, the effects of dispositions and lower gains, partially offset by lower impairments. Other income decreased to $0.8 billion in the nine months ended September 30, 2014 from $2.1 billion in the same period of 2013 due to the absence of NBCUniversal (NBCU LLC) related income, primarily from the sale of our remaining 49% common equity interest in NBCU LLC in the first quarter of 2013.

Overall, the effects of acquisitions increased consolidated revenues $1.5billion and $0.9billion in the nine months ended September 30, 2014 and 2013, respectively. Dispositions also affected our operations through lower revenues of $3.0billion and $0.2billion in the nine months ended September 30, 2014 and 2013, respectively

Earnings from continuing operations attributable to the Company

Earnings from continuing operations attributable to the Company increased 6% in the three months ended September 30, 2014 compared with the same period of 2013, primarily due to a 9% increase in the operating profit of the industrial segments.

Our consolidated earnings in both the three months ended September 30, 2014 and 2013 increased an insignificant amount from acquired businesses. The effects of dispositions on earnings were decreases of $0.1billion and $0.6 billion in the three months ended September 30, 2014 and 2013, respectively.

Earnings from continuing operations attributable to the Company decreased 1% in the nine months ended September 30, 2014 compared with the same period of 2013, primarily due to the absence of gains related to the first quarter 2013 sale of our remaining 49% common equity interest in NBCU LLC ($1.4 billion), partially offset by a 10% increase in the operating profit of the industrial segments.

Our consolidated earnings in the nine months ended September 30, 2014 and 2013 increased $0.2 billion and an insignificant amount, respectively, from acquired businesses. The effects of dispositions on earnings were a decrease of $1.5billion and an increase of $0.2billion in the nine months ended September 30, 2014 and 2013, respectively.

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Other 2014 Financial Highlights and Significant Developments

· In the third quarter of 2014, Industrial segment revenues increased 3% on organic growth of 4%, and Industrial segment profit increased 9% with growth driven by Aviation, Oil & Gas and Healthcare. In the nine months ended September 30, 2014, Industrial segment revenues increased 6% on organic growth of 5%, and Industrial segment profit increased 10% with growth driven by Aviation, Oil & Gas, Power & Water and Energy Management.

· In the third quarter of 2014, Industrial segment margin increased 90 bps driven by higher productivity and pricing, partially offset by the effects of inflation. In the nine months ended September 30, 2014, Industrial segment margin increased 50 bps driven by higher pricing and productivity, partially offset by the effects of inflation.

· In the third quarter of 2014, orders of $31.4 billion increased 22%. In the nine months ended September 30, 2014, orders of $80.3 billion increased 9%. Backlog increased to $250.4 billion.

· GE Capital segment earnings decreased 22% and 9% in the three and nine months ended September 30, 2014, respectively, on GE Capital ending net investment (ENI), excluding cash and equivalents, of $365 billion.

· On October 13, 2014, we announced that GE Capital Aviation Services signed an agreement to acquire Milestone Aviation Group, a helicopter leasing business, for approximately $1.8 billion. The transaction remains subject to customary closing conditions and regulatory approval, and is targeted to close in 2015.

· During the third quarter of 2014, GE signed an agreement to sell its Appliances business to Electrolux for $3.3 billion. The transaction has been approved by the boards of directors of GE and Electrolux and remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015. We recorded a $0.1 billion curtailment loss on the principal retirement plans as a result of this agreement.

· On August 5, 2014, we completed the initial public offering (IPO) of our North American Retail Finance business, Synchrony Financial, as a first step in a planned, staged exit from that business. Synchrony Financial closed the IPO of 125 million shares of common stock at a price to the public of $23.00 per share and on September 3, 2014, Synchrony Financial issued an additional 3.5 million shares of common stock pursuant to an option granted to the underwriters in the IPO (Underwriters' Option). We received net proceeds from the IPO and the Underwriters' Option of $2.8 billion, which remain at Synchrony Financial. Following the closing of the IPO and the Underwriters' Option, we currently own approximately 85% of Synchrony Financial and as a result, GECC will continue to consolidate the business. In addition, in August 2014, Synchrony Financial completed issuances of $3.6 billion of senior unsecured debt with maturities up to 10 years and $8.0 billion of unsecured term loans maturing in 2019 under the New Bank Term Loan Facility with third party lenders.

· During the second quarter of 2014, GE's offer to acquire the Thermal, Renewables and Grid businesses of Alstom for $13.5 billion, net of $3.4 billion of assumed net cash in the businesses to be acquired, was positively recommended by Alstom's board of directors. In addition, GE, Alstom and the French Government signed a memorandum of understanding for the formation of three joint ventures in grid technology, renewable energy, and global nuclear and French steam power. Alstom will invest $3.5 billion of cash in these joint ventures. The proposed transaction is subject to further reviews and approvals, including Alstom's works councils and shareholder approval, as well as regulatory approvals. The transaction is targeted to close in 2015.

· During the second quarter of 2014, we committed to sell GE Money Bank AB, our consumer finance business in Sweden, Denmark and Norway (GEMB – Nordic) to Santander. The transaction is targeted to close in the fourth quarter of 2014.

· GE acquired API Healthcare (API), a healthcare workforce management software and analytics solutions provider, in February 2014 for $0.3 billion and certain Thermo Fisher Scientific Inc. life-science businesses (Thermo Fisher) in March 2014 for $1.1 billion. GE acquired Cameron's Reciprocating Compression division in June 2014 for $0.6 billion.

· GE completed issuances of $3.0 billion of senior unsecured debt with maturities up to 30 years in the first quarter of 2014.

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SEGMENT OPERATIONS

Segment profit is determined based on internal performance measures used by the Chief Executive Officer to assess the performance of each business in a given period. In connection with that assessment, the Chief Executive Officer may exclude matters such as charges for restructuring; rationalization and other similar expenses; acquisition costs and other related charges; technology and product development costs; certain gains and losses from acquisitions or dispositions; and litigation settlements or other charges, responsibility for which preceded the current management team.

Segment revenues include both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, the portion of earnings attributable to noncontrolling interests of consolidated subsidiaries, and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured – excluded in determining segment profit, which we sometimes refer to as "operating profit," for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Appliances & Lighting; included in determining segment profit, which we sometimes refer to as "net earnings," for GE Capital. Certain corporate costs, such as shared services, employee benefits and information technology are allocated to our segments based on usage. A portion of the remaining corporate costs are allocated based on each segment's relative net cost of operations.

Effective in the second quarter of 2014, our GE Capital segment results include the effects of the GECC preferred stock dividends. Previously, such dividends had been reported in the caption "Corporate items and eliminations" in the Company's Summary of Operating Segments table. Presenting GE Capital segment results including the effects of the GECC preferred stock dividends is consistent with the way management now measures the results of our financial services business. Prior-period segment information has been recast to be consistent with how we currently evaluate the performance of GE Capital.

Results of our former equity method investment in NBCU LLC, through the date of sale in the first quarter of 2013, are reported in the Corporate items and eliminations line in the Summary of Operating Segments.

In addition to providing information on segments in their entirety, we have also provided supplemental information for certain operations within the segments.

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Summary of Operating Segments (Unaudited)

	Three months ended September 30						Nine months ended September 30
(Dollars in millions)	2014		2013		V	%	2014		2013		V	%
Revenues
Power & Water	$	6,375	$	6,498	(2)	%	$	18,176	$	17,038	7	%
Oil & Gas		4,597		4,315	7	%		13,666		11,669	17	%
Energy Management		1,813		1,828	(1)	%		5,341		5,557	(4)	%
Aviation		5,698		5,364	6	%		17,566		15,741	12	%
Healthcare		4,485		4,304	4	%		13,166		13,083	1	%
Transportation		1,540		1,406	10	%		4,073		4,425	(8)	%
Appliances & Lighting		2,117		2,098	1	%		6,094		6,142	(1)	%
Total industrial segment revenues		26,625		25,813	3	%		78,082		73,655	6	%
GE Capital		10,451		10,606	(1)	%		31,213		32,990	(5)	%
Total segment revenues		37,076		36,419	2	%		109,295		106,645	2	%
Corporate items and eliminations		(902)		(758)	(19)	%		(2,710)		(982)	U	%
Consolidated revenues and other income	$	36,174	$	35,661	1	%	$	106,585	$	105,663	1	%
Segment profit
Power & Water	$	1,191	$	1,289	(8)	%	$	3,212	$	3,095	4	%
Oil & Gas		660		519	27	%		1,771		1,376	29	%
Energy Management		59		18	F			133		64	F
Aviation		1,264		1,091	16	%		3,576		3,094	16	%
Healthcare		727		665	9	%		2,027		1,986	2	%
Transportation		342		306	12	%		814		886	(8)	%
Appliances & Lighting		88		77	14	%		243		239	2	%
Total industrial segment profit		4,331		3,965	9	%		11,776		10,740	10	%
GE Capital		1,492		1,903	(22)	%		5,128		5,630	(9)	%
Total segment profit		5,823		5,868	(1)	%		16,904		16,370	3	%
Corporate items and eliminations		(1,550)		(1,904)	19	%		(4,566)		(4,131)	(11)	%
GE interest and other financial charges		(377)		(338)	(12)	%		(1,142)		(988)	(16)	%
GE provision for income taxes		(416)		(344)	(21)	%		(1,143)		(1,065)	(7)	%
Earnings from continuing operations
attributable to the Company		3,480		3,282	6	%		10,053		10,186	(1)	%
Earnings (loss) from discontinued operations,
net of taxes		57		(91)	F			28		(335)	F
Consolidated net earnings attributable to
the Company	$	3,537	$	3,191	11	%	$	10,081	$	9,851	2	%

Power & Water

Revenues of $6.4 billion in the three months ended September 30, 2014 decreased $0.1 billion, or 2%, on lower volume ($0.1 billion) and lower prices ($0.1 billion). Lower volume was primarily driven by lower equipment sales at Distributed Power. Segment profit of $1.2 billion in the three months ended September 30, 2014 decreased $0.1 billion, or 8%, on lower productivity ($0.1 billion) and lower prices ($0.1 billion).

Revenues of $18.2 billion in the nine months ended September 30, 2014 increased $1.1 billion, or 7%, on higher volume ($1.3 billion), primarily an increase in sales of equipment at Wind and Thermal, partially offset by lower prices ($0.2 billion). Segment profit of $3.2 billion in the nine months ended September 30, 2014 increased $0.1 billion, or 4%, on higher volume ($0.2 billion) and higher other income ($0.1 billion), partially offset by lower prices ($0.2 billion). The increase in earnings from higher volume was primarily driven by Wind and Thermal.

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Oil & Gas

Revenues of $4.6 billion in the three months ended September 30, 2014 increased $0.3 billion, or 7%, on higher volume ($0.3 billion). Higher volume was primarily due to higher equipment sales, primarily at Subsea and Drilling & Surface. Segment profit of $0.7billion in the three months ended September 30, 2014 increased $0.1 billion, or 27%, on higher productivity ($0.1 billion).

Revenues of $13.7 billion in the nine months ended September 30, 2014 increased $2.0 billion, or 17%, on higher volume ($1.8 billion), the effects of a weaker U.S. dollar ($0.1 billion), higher other income ($0.1 billion) due to non-repeat of charges incurred in the first quarter of 2013 and higher prices ($0.1 billion). Higher volume was primarily due to higher equipment sales, primarily at Subsea and Turbomachinery and the result of the third-quarter 2013 acquisition of Lufkin Industries, Inc. Segment profit of $1.8 billion in the nine months ended September 30, 2014 increased $0.4 billion, or 29%, on higher volume ($0.2 billion), higher productivity ($0.1 billion) and  higher prices ($0.1 billion). The operating profit improvements were primarily at Subsea and Turbomachinery.

Energy Management

Revenues of $1.8 billion in the three months ended September 30, 2014 decreased 1% on lower volume. Segment profit of $0.1billion increased more than 100% in the three months ended September 30, 2014 on higher productivity reflecting SG&A cost reductions.

Revenues of $5.3 billion in the nine months ended September 30, 2014 decreased $0.2 billion, or 4%, on lower volume ($0.2 billion). Lower volume was primarily driven by the weakness in the electrical distribution markets. Segment profit of $0.1 billion in the nine months ended September 30, 2014 increased $0.1 billion on higher productivity ($0.1 billion) reflecting continued SG&A cost reductions, partially offset by the absence of a gain on a disposition in the first quarter of 2013.

Aviation

Revenues of $5.7 billion in the three months ended September 30, 2014 increased $0.3 billion, or 6%, on higher prices ($0.2 billion) and higher volume ($0.1 billion). Higher volume was driven by higher equipment sales on increased commercial engine shipments and the third-quarter 2013 acquisition of Avio S.p.A. (Avio). Segment profit of $1.3 billion in three months ended September 30, 2014 increased $0.2 billion, or 16%, on higher prices ($0.2 billion), partially offset by the effects of inflation ($0.1 billion). Operating profit improvements were primarily driven by equipment sales and the impact of Avio.

Revenues of $17.6 billion in the nine months ended September 30, 2014 increased $1.8 billion, or 12%, on higher volume ($1.0 billion) and higher prices ($0.7 billion). Higher volume was driven by higher equipment sales on increased commercial engine shipments, and increased service revenues as well as the third-quarter 2013 acquisition of Avio. Segment profit of $3.6 billion in nine months ended September 30, 2014 increased $0.5 billion, or 16%, on higher prices ($0.7 billion), higher volume ($0.2 billion) and higher other income ($0.1 billion), partially offset by lower productivity ($0.4 billion) and the effects of inflation ($0.2 billion). Operating profit improvements were primarily driven by services and the impact of Avio.

Healthcare

Revenues of $4.5 billion in the three months ended September 30, 2014 increased $0.2 billion, or 4%, on higher volume ($0.3 billion), partially offset by lower prices ($0.1 billion). The revenue increase was driven by higher equipment sales. Segment profit of $0.7 billion in the three months ended September 30, 2014 increased $0.1 billion, or 9%, on higher productivity ($0.2 billion) reflecting SG&A cost reductions, partially offset by lower prices ($0.1 billion).

Revenues of $13.2 billion in the nine months ended September 30, 2014 increased $0.1 billion, or 1%, on higher volume ($0.3 billion), partially offset by lower prices ($0.2 billion). The revenue increase was driven by higher equipment sales. Segment profit of $2.0 billion in the nine months ended September 30, 2014 increased 2% on higher productivity ($0.4 billion) reflecting SG&A cost reductions and higher volume ($0.1 billion), partially offset by lower prices ($0.2 billion) and the effects of inflation ($0.1 billion).

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Transportation

Revenues of $1.5 billion in the three months ended September 30, 2014 increased $0.1 billion, or 10%, on higher volume ($0.1 billion). Higher volume was driven by higher locomotive equipment sales, partially offset by the weakness in the Mining business where both equipment and services revenues decreased. Segment profit of $0.3 billion in the three months ended September 30, 2014 increased 12% on higher volume due to the higher locomotive equipment sales.

Revenues of $4.1 billion in the nine months ended September 30, 2014 decreased $0.4 billion, or 8%, on lower volume ($0.4 billion). Segment profit of $0.8 billion in the nine months ended September 30, 2014 decreased $0.1 billion, or 8%, primarily due to lower volume ($0.1 billion). Lower volume was driven by lower equipment sales and the weakness in the Mining business where both equipment and services revenues decreased.

Appliances & Lighting

Revenues of $2.1 billion in the three months ended September 30, 2014 increased 1% on higher volume. Segment profit of $0.1billion in the three months ended September 30, 2014 increased 14% driven by higher productivity.

Revenues of $6.1 billion in the nine months ended September 30, 2014 decreased 1%, on lower volume. Segment profit of $0.2billion in the nine months ended September 30, 2014 increased 2% on higher productivity.

GE Capital

GE Capital revenues decreased 1% and net earnings decreased 22% in the three months ended September 30, 2014. Revenues decreased as a result of organic revenue declines, and the effects of dispositions, partially offset by higher gains and lower impairments. Net earnings reflected core decreases, higher provisions for losses on financing receivables and the effects of dispositions, partially offset by higher gains and lower impairments.

GE Capital revenues decreased 5% and net earnings decreased 9% in the nine months ended September 30, 2014. Revenues decreased as a result of organic revenue declines, primarily due to lower ENI, the effects of dispositions and lower gains, partially offset by lower impairments. Net earnings reflected core decreases, the effects of dispositions and lower gains, partially offset by lower impairments and lower provisions for losses on financing receivables.

We have communicated our goal of reducing GE Capital's ENI, excluding cash and equivalents, most recently targeting a balance of $300 billion to $350 billion. ENI is a metric used by us to measure the total capital we have invested in our financial services business. GE Capital's ENI, excluding cash and equivalents, was $365 billion at September 30, 2014. To achieve this goal, we are more aggressively focusing our businesses on selective financial services products where we have deep domain experience, broad distribution, the ability to earn a consistent return on capital and are competitively advantaged, while managing our overall balance sheet size and risk. We have a strategy of exiting those businesses that are deemed to be non-strategic or that are underperforming. We have completed a number of dispositions in our businesses in the past and will continue to evaluate options going forward.

Accordingly, in the short-term, as we reduce our ENI through exiting non-core businesses, the overall level of our future net earnings may be reduced. However, over the long-term, we believe that this strategy will improve our long-term performance through higher returns as we will have a larger concentration of assets in our core businesses, as opposed to the underperforming or non-strategic assets we will be exiting; reduce liquidity risk as we pay down outstanding debt and diversify our sources of funding (with less reliance on the global commercial paper markets and an increase in alternative sources of funding such as deposits); and reduce capital requirements while strengthening capital ratios.

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Additional Information – GE Capital Businesses

	Three months ended September 30					Nine months ended September 30
(Dollars in millions)	2014		2013		V%	2014		2013		V%
Revenues
CLL	$	3,681	$	3,677	-%	$	10,874	$	11,091	(2)%
Consumer		3,622		3,683	(2)%		10,822		11,158	(3)%
Real Estate		697		689	1%		1,992		3,218	(38)%
Energy Financial Services		344		438	(21)%		1,120		1,084	3%
GECAS		1,262		1,312	(4)%		3,952		3,973	(1)%
Total revenues		9,606		9,799	(2)%		28,760		30,524	(6)%
Corporate items and eliminations		845		807	5%		2,453		2,466	(1)%
Total revenues	$	10,451	$	10,606	(1)%	$	31,213	$	32,990	(5)%
Profit
CLL	$	617	$	479	29%	$	1,722	$	1,702	1%
Consumer		621		898	(31)%		1,879		2,262	(17)%
Real Estate		175		464	(62)%		703		1,589	(56)%
Energy Financial Services		61		150	(59)%		290		293	(1)%
GECAS		133		173	(23)%		828		825	-%
Total profit		1,607		2,164	(26)%		5,422		6,671	(19)%
Corporate items and eliminations		(115)		(261)	56%		(133)		(906)	85%
Earnings from continuing operations
attributable to GECC		1,492		1,903	(22)%		5,289		5,765	(8)%
Preferred stock dividends declared		-		-	-%		(161)		(135)	(19)%
Earnings from continuing operations
attributable to GECC common shareowner		1,492		1,903	(22)%		5,128		5,630	(9)%
Earnings (loss) from discontinued operations,
net of taxes		57		(91)	F		33		(334)	F
Net earnings attributable to GECC
common shareowner	$	1,549	$	1,812	(15)%	$	5,161	$	5,296	(3)%

(In millions)	September 30, 2014		December 31, 2013		September 30, 2013
Assets
CLL	$	170,478	$	174,357	$	170,310
Consumer		140,529		132,236		134,645
Real Estate		36,485		38,744		39,947
Energy Financial Services		16,197		16,203		18,135
GECAS		42,960		45,876		47,172
Corporate items and eliminations		100,265		109,413		110,519
Total Assets	$	506,914	$	516,829	$	520,728

CLL

CLL revenues were flat and net earnings increased 29% in the three months ended September 30, 2014. Net earnings increased reflecting lower impairments ($0.1 billion) and core increases.

CLL revenues decreased 2% and net earnings increased 1% in the nine months ended September 30, 2014. Revenues decreased as a result of organic revenue declines ($0.4 billion) and the effects of dispositions ($0.2 billion), partially offset by lower impairments ($0.4 billion). Net earnings increased reflecting lower impairments ($0.4 billion) and lower provisions for losses on financing receivables ($0.1 billion), partially offset by core decreases ($0.3 billion) and the effects of dispositions ($0.2 billion).

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Consumer

Consumer revenues decreased 2% and net earnings decreased 31% in the three months ended September 30, 2014. Revenues decreased as a result of the effects of dispositions ($0.1 billion), partially offset by organic revenue growth. The decrease in net earnings resulted primarily from higher provisions for losses on financing receivables ($0.1 billion), core decreases ($0.1 billion) and the effects of dispositions ($0.1 billion).

Consumer revenues decreased 3% and net earnings decreased 17% in the nine months ended September 30, 2014. Revenues decreased as a result of the effects of dispositions ($0.3 billion), partially offset by lower impairments ($0.1 billion). The decrease in net earnings resulted primarily from core decreases ($0.3 billion) and the effects of dispositions ($0.2 billion), partially offset by lower provisions for losses on financing receivables ($0.1 billion).

Real Estate

Real Estate revenues increased 1% and net earnings decreased 62% in the three months ended September 30, 2014. Revenues increased as a result of increases in net gains on property sales ($0.1 billion), partially offset by organic revenue declines ($0.1 billion). Net earnings decreased as a result of core decreases ($0.3 billion), including lower tax benefits ($0.3 billion) and higher impairments ($0.1 billion), partially offset by increases in net gains on property sales ($0.1 billion). Depreciation expense on real estate equity investments totaled $0.1 billion in both the three months ended September 30, 2014 and 2013, respectively.

Real Estate revenues decreased 38% and net earnings decreased 56% in the nine months ended September 30, 2014. Revenues decreased as a result of decreases in net gains on property sales ($0.9 billion) mainly due to the 2013 sale of real estate comprising certain floors located at 30 Rockefeller Center, New York and organic revenue declines ($0.3 billion). Net earnings decreased as a result of core decreases ($0.9 billion), including decreases in net gains on property sales ($0.5 billion) and lower tax benefits ($0.4 billion), partially offset by lower provisions for losses on financing receivables and lower impairments associated with the strategic decision to exit certain equity platforms in 2013. Depreciation expense on real estate equity investments totaled $0.2 billion and $0.4 billion in the nine months ended September 30, 2014 and 2013, respectively.

Energy Financial Services

Energy Financial Services revenues decreased 21% and net earnings decreased 59% in the three months ended September 30, 2014. Revenues decreased as a result of lower gains ($0.1 billion) and higher impairments, partially offset by organic revenue growth. The decrease in net earnings resulted primarily from lower gains, core decreases and higher impairments.

Energy Financial Services revenues increased 3% and net earnings decreased 1% in the nine months ended September 30, 2014. Revenues increased as a result of organic revenue growth ($0.3 billion) and higher gains ($0.1 billion), partially offset by the effects of dispositions ($0.1 billion) and higher impairments ($0.1 billion). The decrease in net earnings resulted primarily from higher impairments ($0.1 billion) and the effects of dispositions ($0.1 billion), partially offset by core increases ($0.1 billion) and higher gains.

GECAS

GECAS revenues decreased 4% and net earnings decreased 23% in the three months ended September 30, 2014. Revenues decreased as a result of organic revenue declines ($0.1 billion), partially offset by higher gains. The decrease in net earnings resulted primarily from core decreases ($0.1 billion), partially offset by higher gains.

GECAS revenues decreased 1% and net earnings were flat in the nine months ended September 30, 2014. Revenues decreased as a result of organic revenue declines ($0.2 billion), partially offset by higher gains ($0.1 billion).

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Corporate Items and Eliminations
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Revenues
NBCU LLC	$	-	$	31	$	-	$	1,402
Gains (losses) on disposed or held for sale
businesses		-		-		91		-
Eliminations and other		(902)		(789)		(2,801)		(2,384)
Total	$	(902)	$	(758)	$	(2,710)	$	(982)
Operating Profit (Cost)
NBCU LLC	$	-	$	31	$	-	$	1,402
Gains (losses) on disposed or held for sale
businesses		-		-		91		-
Principal retirement plans(a)		(582)		(811)		(1,745)		(2,409)
Restructuring and other charges		(435)		(456)		(1,218)		(1,282)
Unallocated corporate, other costs and eliminations		(533)		(668)		(1,694)		(1,842)
Total	$	(1,550)	$	(1,904)	$	(4,566)	$	(4,131)

(a) Included non-operating (non-GAAP) pension income (cost) of $(0.5) billion and $(0.7) billion in the three months ended September 30, 2014 and 2013, respectively, and $(1.6) billion and $(2.0) billion in the nine months ended September 30, 2014 and 2013, respectively, which includes expected return on plan assets, interest costs and non-cash amortization of actuarial gains and losses.

Revenues in the three months ended September 30, 2014 decreased $0.1 billion as a result of $0.1 billion of higher inter-segment eliminations. Operating cost decreased $0.4 billion as a result of $0.2 billion of lower costs of our principal retirement plans and $0.1 billion of lower research and development spending and global corporate costs. Restructuring and other charges in the third quarter of 2014 included $0.1 billion of curtailment loss on the principal retirement plans resulting from our agreement with Electrolux to sell the GE Appliances business.

Revenues in the nine months ended September 30, 2014 decreased $1.7 billion as a result of $1.4 billion lower income related to the operations and disposition of NBCU LLC in the first quarter of 2013 and $0.4 billion of higher inter-segment eliminations, partially offset by $0.1 billion gain related to the disposition of our fuel dispenser business at Oil & Gas in the second quarter of 2014. Operating cost increased $0.4 billion as a result of $1.4 billion of lower NBCU LLC related income, partially offset by $0.7 billion of lower costs of our principal retirement plans, $0.2 billion of lower research and development spending and global corporate costs, $0.1 billion of higher gains on business dispositions and $0.1 billion of lower restructuring and other charges. Restructuring and other charges in the nine months ended September 30, 2014 included $0.1 billion of asset write-offs at a consolidated nuclear joint venture in which we hold a 51% interest at Power & Water and $0.1 billion of curtailment loss on the principal retirement plans resulting from our agreement with Electrolux to sell the GE Appliances business.

Certain amounts included in corporate items and eliminations cost are not allocated to GE operating segments because they are excluded from the measurement of their operating performance for internal purposes. These costs include certain restructuring and other charges, technology and product development costs and acquisition-related costs.

For the three months ended September 30, 2014, these amounts totaled $0.5 billion, including Power & Water ($0.1 billion), Oil & Gas ($0.1 billion), Energy Management ($0.1 billion), Aviation ($0.1 billion) and Healthcare ($0.1 billion). For the nine months ended September 30, 2014, these amounts totaled $1.4 billion, including Power & Water ($0.3 billion), Oil & Gas ($0.2 billion), Energy Management ($0.2 billion), Aviation ($0.2 billion), Healthcare ($0.4 billion) and Appliances & Lighting ($0.1 billion). In addition, corporate items and eliminations included a $0.1 billion gain related to the Oil & Gas fuel dispenser business disposition in the second quarter of 2014.

For the three months ended September 30, 2013, these amounts totaled $0.6 billion, including Power & Water ($0.1 billion), Oil & Gas ($0.1 billion), Aviation ($0.2 billion) and Healthcare ($0.1 billion). For the nine months ended September 30, 2013, these amounts totaled $1.6 billion, including Power & Water ($0.3 billion), Oil & Gas ($0.2 billion), Energy Management ($0.1 billion), Aviation ($0.5 billion), Healthcare ($0.4 billion), Transportation ($0.1 billion) and Appliances & Lighting ($0.1 billion).

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INCOME TAXES

The consolidated provision for income taxes was an expense of $0.5 billion in the three months ended September 30, 2014 (an effective tax rate of 11.8%), compared with $0.3 billion for the same period of 2013 (an effective tax rate of 9.6%). The increase in consolidated tax expense is primarily attributable to decreased benefits from lower-taxed global operations. This increase was partially offset by the adjustment in the third quarter of 2014 to bring our nine month tax rate in line with the projected full year tax rate that was lower than in the third quarter 2013 adjustment.

The consolidated provision for income taxes was an expense of $1.2 billion in the nine months ended September 30, 2014 (an effective tax rate of 10.5%), a slight increase in expense from the same period of 2013 (an effective tax rate of 10.1%). The increase in consolidated tax expense is primarily attributable to decreased benefits from lower-taxed global operations including the absence of the 2013 benefits from enactment, discussed below, of the extension of the U.S. tax provision deferring tax on active financial services income. This increase was partially offset by the 2014 year-to-date adjustment to bring our nine month tax rate in line with the projected full year tax rate that was significantly lower than the third quarter 2013 year-to-date adjustment and a decrease in income taxed at rates above the average tax rate.

On January 2, 2013, the American Taxpayer Relief Act of 2012 was enacted and the law extended several provisions, including a two year extension of the U.S. tax provision deferring tax on active financial services income and certain U.S. business credits, retroactive to January 1, 2012. Under accounting rules, a tax law change is taken into account in calculating the income tax provision in the period enacted. Because the extension was enacted into law in 2013, tax expense in the first quarter of 2013 reflected retroactive extension of the previously expired provisions.

GE and GECC file a consolidated U.S. federal income tax return. This enables GE to use GECC tax deductions and credits to reduce the tax that otherwise would have been payable by GE. The GECC effective tax rate for each period reflects the benefit of these tax reductions in the consolidated return. GE makes cash payments to GECC for these tax reductions at the time GE's tax payments are due.

Our effective income tax rate is lower than the U.S. statutory rate primarily because of benefits from lower-taxed global operations, including the use of global funding structures. There is a tax benefit from global operations as non-U.S. income is subject to local country tax rates that are significantly below the 35% U.S. statutory rate. These non-U.S. earnings have been indefinitely reinvested outside the U.S. and are not subject to current U.S. income tax. The rate of tax on our indefinitely reinvested non-U.S. earnings is below the 35% U.S. statutory rate largely because GECC funds the majority of its non-U.S. operations through foreign companies that are subject to low foreign taxes and because we have significant business operations subject to tax in countries where the tax on that income is lower than the U.S. statutory rate. The most significant portion of these benefits at GECC depends on the provision of U.S. law deferring the tax on active financial services income, which, as discussed below, is subject to expiration. A substantial portion of the remaining benefit at GECC related to business operations subject to tax in countries where the tax on that income is lower than the U.S. statutory rate is derived from our GECAS aircraft leasing operations located in Ireland.

We expect our ability to benefit from non-U.S. income taxed at less than the U.S. rate to continue subject to changes of U.S. or foreign law, including the expiration of the U.S. tax law provision deferring tax on active financial services income. If this provision is not extended, our tax rate will increase significantly after 2014. In addition, since this benefit depends on management's intention to indefinitely reinvest amounts outside the U.S., our tax provision will increase to the extent we no longer intend to indefinitely reinvest foreign earnings.

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DISCONTINUED OPERATIONS

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Earnings (loss) from discontinued operations,
net of taxes	$	57	$	(91)	$	28	$	(335)

Discontinued operations primarily comprises GE Money Japan (our Japanese personal loan business, Lake, and our Japanese mortgage and card businesses, excluding our investment in GE Nissen Credit Co., Ltd.), our U.S. mortgage business (WMC), our CLL trailer services business in Europe (CLL Trailer Services) and our Consumer banking business in Russia (Consumer Russia). Results of these businesses are reported as discontinued operations for all periods presented.

Earnings from discontinued operations, net of taxes, in the three months ended September 30, 2014 primarily reflect a $0.1 billion tax benefit related to the extinguishment of our loss-sharing arrangement for excess interest claims associated with the 2008 sale of GE Money Japan.

Earnings from discontinued operations, net of taxes, in the nine months ended September 30, 2014 primarily reflect a $0.1 billion tax benefit related to the extinguishment of our loss-sharing arrangement for excess interest claims associated with the 2008 sale of GE Money Japan, offset by a $0.1 billion after-tax effect of incremental reserves related to retained representation and warranty obligations to repurchase previously sold loans on the 2007 sale of WMC.

Loss from discontinued operations, net of taxes, in the three months ended September 30, 2013 primarily reflected a $0.1 billion after-tax effect of incremental reserves for excess interest claims related to our loss-sharing arrangement on the 2008 sale of GE Money Japan.

Loss from discontinued operations, net of taxes, in the nine months ended September 30, 2013 primarily reflected a $0.2 billion after-tax effect of incremental reserves for excess interest claims related to our loss-sharing arrangement on the 2008 sale of GE Money Japan, and a $0.1 billion after-tax effect of incremental reserves related to retained representation and warranty obligations to repurchase previously sold loans on the 2007 sale of WMC.

For additional information related to discontinued operations, see Note 2 to the condensed, consolidated financial statements.

STATEMENT OF FINANCIAL POSITION

Major changes in our financial position for the nine months ended September 30, 2014 resulted from the following:

· The U.S. dollar was stronger against most major currencies at September 30, 2014 than at December 31, 2013, decreasing the translated levels of our non-U.S. dollar assets and liabilities.

· GE's inventory balance increased $2.1 billion in order to fulfill commitments and backlog, partially offset by the reclassification of inventories at our Appliances business of $0.7 billion to held for sale.

· Consistent with our effort to reduce the GECC balance sheet, collections (which includes sales) on financing receivables exceeded originations by $1.0 billion and net repayments exceeded new issuances of total borrowings by $17.9 billion.

· GE completed issuances of $3.0 billion of senior unsecured debt with maturities up to 30 years.

· GECC's bank deposits balance increased $7.5 billion, primarily due to increases at Synchrony Financial.

· We committed to sell our Appliances business with assets of $2.6 billion and liabilities of $0.8 billion.

· We committed to sell GEMB-Nordic with assets of $3.2 billion and liabilities of $0.9 billion.

· GE completed acquisitions of Thermo Fisher and API in our Healthcare segment and Cameron's Reciprocating Compression Division in our Oil & Gas segment resulting in increased goodwill and intangible assets balances of $1.7 billion.

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STATEMENT OF CASH FLOWS

We evaluate our cash flow performance by reviewing our industrial (non-financial services) businesses and financial services businesses separately. Cash from operating activities (CFOA) is the principal source of cash generation for our industrial businesses. The industrial businesses also have liquidity available via the public capital markets. Our financial services businesses use a variety of financial resources to meet our capital needs. Cash for financial services businesses is primarily provided from the issuance of term debt and commercial paper in the public and private markets, time deposits, as well as financing receivables, collections, sales and securitizations.

GE Cash Flow

GE CFOA totaled $7.2 billion and $7.8 billion for the nine months ended September 30, 2014 and 2013, respectively. With respect to GE CFOA, we believe that it is useful to supplement our GE Condensed Statement of Cash Flows and to examine in a broader context the business activities that provide and require cash.

	Nine months ended September 30
(In billions)	2014		2013
Operating cash collections(a)	$	76.7	$	72.9
Operating cash payments		(71.7)		(69.0)
Cash dividends from GECC		2.2		3.9
GE cash from operating activities (GE CFOA)(a)	$	7.2	$	7.8

(a) GE sells customer receivables to GECC in part to fund the growth of our industrial businesses. These transactions can result in cash generation or cash use. During any given period, GE receives cash from the sale of receivables to GECC. It also foregoes collection of cash on receivables sold. The incremental amount of cash received from sale of receivables in excess of the cash GE would have otherwise collected had those receivables not been sold, represents the cash generated or used in the period relating to this activity. The incremental cash generated in GE CFOA from selling these receivables to GECC increased GE CFOA by $0.2 billion and decreased GE CFOA by $0.8 billion in the nine months ended September 30, 2014 and 2013, respectively. See Note 17 to the condensed, consolidated financial statements for additional information about the elimination of intercompany transactions between GE and GECC.

The most significant source of cash in GE CFOA is customer-related activities, the largest of which is collecting cash resulting from product or services sales. GE operating cash collections increased $3.8 billion in the nine months ended September 30, 2014. This increase is consistent with comparable GE segment revenue increases from sales of goods and services and higher collections on current receivables. These increases were partially offset by a decrease in progress collections.

The most significant operating use of cash is to pay our suppliers, employees, tax authorities and others for a wide range of material and services. GE operating cash payments increased $2.7 billion in the nine months ended September 30, 2014. This increase is consistent with cost and expense increases and increased inventory spend to fulfill commitments and backlog. These increases were partially offset by the non-recurrence of payments made in 2013, including NBCU deal-related tax payments and payouts under our long-term incentive plan.

Dividends from GECC, including special dividends, represent the distribution of a portion of GECC retained earnings, and are distinct from cash from continuing operations within the financial services businesses. The amounts included in GE CFOA are the total dividends, including special dividends from excess capital. GECC paid dividends totaling $2.2 billion and $3.9 billion, including special dividends of $0.7 billion and $3.0 billion to GE in the nine months ended September 30, 2014 and 2013, respectively.

GE cash used for investing activities was $4.6 billion compared with cash from investing activities of $5.3 billion during the nine months ended September 30, 2014 and 2013, respectively. Cash from investing activities decreased $9.9 billion compared with the same period in 2013, primarily due to proceeds of $16.7 billion from the 2013 sale of our remaining 49% common equity interest in NBCU LLC to Comcast Corporation. This decrease in cash from investing activities was partially offset by a decrease in business acquisitions of $5.9 billion primarily driven by the 2014 acquisitions of Thermo Fisher for $1.1 billion, Cameron's Reciprocating Compression Division for $0.6 billion, and API for $0.3 billion compared with the 2013 acquisitions of Avio for $4.4 billion and Lufkin for $3.3 billion.

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GE cash used for financing activities was $5.6 billion and $18.4 billion for the nine months ended September 30, 2014 and 2013, respectively. Cash used for financing activities decreased $12.8 billion compared with the same period in 2013, primarily as a result of our 2013 repayment of $5.0 billion of unsecured notes compared with an issuance of $3.0 billion of unsecured notes in 2014. Additionally, there was decreased net repurchases of GE shares for treasury of $6.1 billion. These decreases in cash used for financing were partially offset by an increase in the dividends paid to shareowners of $0.7 billion.

GECC Cash Flow

GECC cash from operating activities was $11.7 billion and $11.8 billion for the nine months ended September 30, 2014 and 2013, respectively. Cash from operating activities decreased $0.1 billion compared with the same period in 2013 primarily due to a $2.4 billion decrease driven by net tax payments in 2014 compared with net tax refunds in 2013 coupled with a decrease in cash generated from net earnings in 2014, partially offset by a decrease in net cash collateral activity with counterparties on derivative contracts of $4.2 billion.

GECC cash from investing activities was $3.7 billion and $28.3 billion for the nine months ended September 30, 2014 and 2013, respectively. Cash from investing activities decreased $24.6 billion compared with the same period in 2013 primarily due to lower collections (which includes sales) exceeding originations of financing receivables of $7.6 billion, the 2013 acquisition of MetLife Bank, N.A., resulting in net cash provided of $6.4 billion, lower cash settlements on derivative instruments of $3.4 billion, lower net maturities of investment securities of $2.0 billion, the payment of our obligation to the buyer of GE Money Japan of $1.7 billion and lower net loan repayments from our equity method investments of $1.6 billion.

GECC cash used for financing activities was $9.0 billion and $24.7 billion for the nine months ended September 30, 2014 and 2013, respectively. Cash used for financing activities decreased $15.7 billion compared with the same period in 2013 primarily due to a net increase in deposits at our banks of $11.2 billion and proceeds received from the initial public offering of Synchrony Financial of $2.8 billion. Additionally, lower net repayments of borrowings of $1.0 billion was driven by net cash provided from the issuances of unsecured term loans of $7.5 billion and senior unsecured debt of $3.6 billion at Synchrony Financial, partially offset by higher repayments on other borrowings of $10.1 billion.

GECC paid dividends totaling $2.2 billion and $3.9 billion, including special dividends of $0.7 billion and $3.0 billion to GE for the nine months ended September 30, 2014 and 2013, respectively. There were preferred stock dividend payments of $0.2 billion and $0.1 billion in the nine months ended September 30, 2014 and 2013, respectively.

LIQUIDITY AND BORROWINGS

We maintain a strong focus on liquidity. At both GE and GECC we manage our liquidity to help provide access to sufficient funding to meet our business needs and financial obligations throughout business cycles.

Our liquidity and borrowing plans for GE and GECC are established within the context of our annual financial and strategic planning processes. At GE, our liquidity and funding plans take into account the liquidity necessary to fund our operating commitments, which include primarily purchase obligations for inventory and equipment, payroll and general expenses (including pension funding). We also take into account our capital allocation and growth objectives, including paying dividends, repurchasing shares, investing in research and development and acquiring industrial businesses. At GE, we rely primarily on cash generated through our operating activities, any dividend payments from GECC, and also have historically maintained a commercial paper program that we regularly use to fund operations in the U.S., principally within fiscal quarters.

GECC's liquidity position is targeted to meet its obligations under both normal and stressed conditions. GECC establishes a funding plan annually that is based on the projected asset size and cash needs of the Company, which, over the past few years, has included our strategy to reduce our ending net investment in GE Capital. GECC relies on a diversified source of funding, including the unsecured term debt markets, the global commercial paper markets, deposits, secured funding, retail funding products, bank borrowings and securitizations to fund its balance sheet, in addition to cash generated through collection of principal, interest and other payments on our existing portfolio of loans and leases to fund its operating and interest expense costs.

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Our 2014 GECC funding plan anticipates repayment of principal on outstanding short-term borrowings, including the current portion of long-term debt ($39.2 billion at December 31, 2013), through issuance of long-term debt and reissuance of commercial paper, cash on hand, collections of financing receivables exceeding originations, dispositions, asset sales, and deposits and other alternative sources of funding. Long-term maturities and early redemptions were $12.0 billion in the third quarter of 2014. Interest on borrowings is primarily repaid through interest earned on existing financing receivables. During the third quarter of 2014, GECC earned interest income on financing receivables of $4.7 billion, which more than offset interest and other financial charges of $2.1 billion.

We maintain a detailed liquidity policy for GECC that includes a requirement to maintain a contingency funding plan. The liquidity policy defines GECC's liquidity risk tolerance under different stress scenarios based on its liquidity sources and also establishes procedures to escalate potential issues. We actively monitor GECC's access to funding markets and its liquidity profile through tracking external indicators and testing various stress scenarios. The contingency funding plan provides a framework for handling market disruptions and establishes escalation procedures in the event that such events or circumstances arise.

In August 2014, the U.S. Government enacted the "Highway and Transportation Funding Act", which contained provisions that changed the interest rate methodology to calculate minimum pension funding requirements in the U.S.  We currently estimate that the change will reduce our GE Pension Plan required cash funding by approximately $2.9 billion through year-end 2015. We are currently in the process of finalizing our revised cash funding plan for the next few years.

Postretirement benefit actuarial assumptions, including mortality assumptions, are significant inputs to the actuarial models that measure benefit obligations and their related effects on operations. The Society of Actuaries recently issued new mortality tables that project longer life expectancies that will result in higher postretirement benefit obligations for U.S. companies.

We are in the process of reviewing the new tables and will update our mortality assumptions at year end. Our current best estimate indicates that the new mortality assumptions may increase postretirement benefit obligations by approximately $5.0 billion at year end and may increase our postretirement benefit costs resulting in a reduction in 2015 earnings of approximately $0.06 per share, including a $0.01 per share reduction in operating earnings.

Liquidity Sources

We maintain liquidity sources that consist of cash and equivalents, committed unused credit lines and high-quality, liquid investments.

We had consolidated cash and equivalents of $90.4 billion at September 30, 2014 that were available to meet our needs. Of this, $10.6 billion was held at GE and $79.9 billion was held at GECC.

We had committed, unused credit lines totaling $45.0 billion that were extended to us by 50 financial institutions at September 30, 2014. GECC can borrow up to $44.5 billion under all of these credit lines. GE can borrow up to $14.2 billion under certain of these credit lines. These lines include $25.4 billion of revolving credit agreements under which we can borrow funds for periods exceeding one year. Additionally, $19.6 billion are 364-day lines that contain a term-out feature that allows us to extend borrowings for two years from the date on which such borrowings would otherwise be due.

Cash and equivalents of $62.4billion at September 30, 2014 were held by non-U.S. subsidiaries. Of this amount, $5.1billion was indefinitely reinvested. Indefinitely reinvested cash held outside of the U.S. is available to fund operations and other growth of non-U.S. subsidiaries; it is also available to fund our needs in the U.S. on a short-term basis through short-term loans, without being subject to U.S. tax. Under the Internal Revenue Code, these loans are permitted to be outstanding for 30 days or less and the total of all such loans is required to be outstanding for less than 60 days during the year.

At September 30, 2014, GE cash and equivalents of $2.7billion were held in countries with currency controls that may restrict the transfer of funds to the U.S. or limit our ability to transfer funds to the U.S. without incurring substantial costs. These funds are available to fund operations and growth in these countries and we do not currently anticipate a need to transfer these funds to the U.S.

At September 30, 2014, GECC cash and equivalents of $24 billion were in regulated banks and insurance entities and were subject to regulatory restrictions.

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If we were to repatriate indefinitely reinvested cash held outside the U.S., we would be subject to additional U.S. income taxes and foreign withholding taxes.

Funding Plan

We reduced our GE Capital ENI, excluding cash and equivalents, to $365 billion at September 30, 2014.

During the first nine months of 2014, GE completed issuances of $3.0 billion of senior unsecured debt with maturities up to 30 years. GECC completed issuances of $9.4 billion of senior unsecured debt (excluding securitizations described below) with maturities up to 23 years. In addition, in August 2014, Synchrony Financial completed issuances of $3.6 billion of senior unsecured debt with maturities up to 10 years and $8.0 billion of unsecured term loans maturing in 2019 under the New Bank Term Loan Facility with third party lenders. Average commercial paper borrowings for GECC and GE during the third quarter were $25.1 billion and $8.3 billion, respectively, and the maximum amounts of commercial paper borrowings outstanding for GECC and GE during the third quarter were $25.1 billion and $10.8 billion, respectively. GECC commercial paper maturities are funded principally through new commercial paper issuances and at GE are substantially repaid before quarter-end using indefinitely reinvested overseas cash, which as discussed above, is available for use in the U.S. on a short-term basis without being subject to U.S. tax.

We securitize financial assets as an alternative source of funding. During 2014, we completed $9.4 billion of non-recourse issuances and $9.3 billion of non-recourse borrowings matured. At September 30, 2014, consolidated non-recourse securitization borrowings were $30.2 billion.

We have 9 deposit-taking banks outside of the U.S. and two deposit-taking banks in the U.S. – Synchrony Bank (formerly GE Capital Retail Bank), a Federal Savings Bank (FSB), and GE Capital Bank, an industrial bank (IB). The FSB and IB currently issue certificates of deposit (CDs) in maturity terms up to 10 years.

Total alternative funding at September 30, 2014 was $117.4 billion, composed mainly of $60.8 billion of bank deposits, $30.2 billion of non-recourse securitization borrowings, $7.3 billion of funding secured by real estate, aircraft and other collateral and $5.8 billion of GE Interest Plus notes. The comparable amount of total alternative funding at December 31, 2013 was $107.5 billion.

As a matter of general practice, we routinely evaluate the economic impact of calling debt instruments where GECC has the right to exercise a call. In determining whether to call debt, we consider the economic benefit to GECC of calling debt, the effect of calling debt on GECC's liquidity profile and other factors. During 2014, we called $0.4 billion of long-term debt.

Income Maintenance Agreement

GE provides implicit and explicit support to GECC through commitments, capital contributions and operating support. For example, and as discussed below, GE has committed to keep GECC's ratio of earnings to fixed charges above a minimum level. GECC's credit rating is higher than it would be on a stand-alone basis as a result of this financial support. GECC currently does not pay GE for this support.

As set forth in Exhibit 99(b) hereto, GECC's ratio of earnings to fixed charges was 1.78:1 during the nine months ended September 30, 2014. For additional information, see the Income Maintenance Agreement section in the Management's Discussion and Analysis of Financial Condition and Results of Operations in our 2013 consolidated financial statements.

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PORTFOLIO QUALITY

Investment Securities

Investment securities comprise mainly investment-grade debt securities supporting obligations to annuitants, policyholders and holders of guaranteed investment contracts (GICs) in Trinity, and investments held in our CLL business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

The fair value of investment securities increased to $47.0 billion at September 30, 2014 from $44.0 billion at December 31, 2013, reflecting higher net unrealized gains in U.S. Corporate and State and Municipal securities driven by lower interest rates in the U.S.

Total pre-tax, other-than-temporary impairment losses recognized in earnings during the three months ended September 30, 2014 and September 30, 2013 were an insignificant amount and $0.1 billion, respectively. The 2013 amount primarily related to credit losses on corporate debt securities and other-than-temporary impairment on equity securities.

Total pre-tax, other-than-temporary impairment losses recognized in earnings during the nine months ended September 30, 2014 and September 30, 2013 were an insignificant amount and $0.5 billion, respectively. The 2013 amount primarily related to credit losses on corporate debt securities and other-than-temporary impairment on equity securities.

For additional information, see Note 3 to the condensed, consolidated financial statements.

Financing Receivables

Financing receivables is our largest category of assets and represents one of our primary sources of revenues. Our portfolio of financing receivables is diverse and not directly comparable to major U.S. banks. A discussion of the quality of certain elements of the financing receivables portfolio follows.

Our commercial portfolio primarily comprises senior secured positions with comparatively low loss history. The secured receivables in this portfolio are collateralized by a variety of asset classes, which for our CLL business primarily include: industrial-related facilities and equipment, vehicles, corporate aircraft, and equipment used in many industries, including the construction, manufacturing, transportation, media, communications, entertainment, and healthcare industries. The portfolios in our Real Estate, GECAS and Energy Financial Services businesses are collateralized by commercial real estate, commercial aircraft and operating assets in the global energy and water industries, respectively. We are in a secured position for substantially all of our commercial portfolio.
During the first quarter of 2014, we combined our CLL Europe and CLL Asia portfolios into CLL International and we transferred our CLL Other portfolio to the CLL Americas portfolio. Prior-period amounts were reclassified to conform to the current-period presentation.

Our consumer portfolio is composed primarily of non-U.S. mortgage, sales finance, auto and personal loans in various European and Asian countries and U.S. consumer credit card and sales finance receivables. In 2007, we exited the U.S. mortgage business and we have no U.S. auto or student loans.

Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. The method for calculating the best estimate of losses depends on the size, type and risk characteristics of the related financing receivable. Such an estimate requires consideration of historical loss experience, adjusted for current conditions, and judgments about the probable effects of relevant observable data, including present economic conditions such as delinquency rates, financial health of specific customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. The underlying assumptions, estimates and assessments we use to provide for losses are updated periodically to reflect our view of current conditions and are subject to the regulatory examinations process, which can result in changes to our assumptions. Changes in such estimates can significantly affect the allowance and provision for losses. It is possible to experience credit losses that are different from our current estimates.

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Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, or on a portfolio basis, as appropriate.

Loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for losses is not carried over at acquisition. This may have the effect of causing lower reserve coverage ratios for those portfolios.

For purposes of the discussion that follows, "delinquent" receivables are those that are 30 days or more past due based on their contractual terms. Loans purchased at a discount are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. "Nonaccrual" financing receivables are those on which we have stopped accruing interest. We stop accruing interest at the earlier of the time at which collection of an account becomes doubtful or the account becomes 90 days past due, with the exception of consumer credit card accounts, for which we continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due. Recently restructured financing receivables are not considered delinquent when payments are brought current according to the restructured terms, but may remain classified as nonaccrual until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection.

Further information on the determination of the allowance for losses on financing receivables and the credit quality and categorization of our financing receivables is provided in Notes 5 and 18 to the condensed, consolidated financial statements.

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	Financing receivables at				Nonaccrual receivables at					Allowance for losses at
(In millions)	September 30, 2014		December 31, 2013		September 30, 2014			December 31, 2013		September 30, 2014		December 31, 2013
Commercial
CLL
Americas	$	66,871	$	69,036	$	1,101		$	1,275	$	426	$	473
International(a)		43,268		47,431		1,013			1,459		379		505
Total CLL		110,139		116,467		2,114			2,734		805		978
Energy
Financial Services		2,798		3,107		57			4		6		8
GECAS		8,449		9,377		153			-		15		17
Other		134		318		-			6		-		2
Total Commercial		121,520		129,269		2,324			2,744		826		1,005
Real Estate		19,799		19,899		1,628			2,551		154		192
Consumer
Non-U.S. residential
mortgages(b)		27,674		30,501		1,960			2,161		439		358
Non-U.S. installment
and revolving credit		10,098		13,677		50			88		445		594
U.S. installment
and revolving credit		55,258		55,854		2			2		3,053		2,823
Non-U.S. auto		1,588		2,054		19			18		147		56
Other		6,638		6,953		218			351		106		150
Total Consumer		101,256		109,039		2,249			2,620		4,190		3,981
Total	$	242,575	$	258,207	$	6,201	(c)	$	7,915	$	5,170	$	5,178

(a) Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan. In accordance with regulatory standards that are applicable in Italy, commercial loans are considered uncollectible when there is demonstrable evidence of the debtor's insolvency, which may result in write-offs occurring beyond 360 days after initial recognition of a specific reserve.

(b) Included financing receivables of $11,555 million and $12,401 million, nonaccrual receivables of $895 million and $965 million and allowance for losses of $179 million and $126 million at September 30, 2014 and December 31, 2013, respectively, primarily related to loans, net of credit insurance, whose terms permitted repayments that are less than the repayments for fully amortizing loans and high loan-to-value ratios at inception (greater than 90%). At origination, we underwrite loans with an adjustable rate to the reset value. Of these loans, about 85% are in our U.K. and France portfolios, which have a delinquency rate of 14%, have a loan-to-value ratio at origination of 82% and have re-indexed loan-to-value ratios of 78% and 65%, respectively. Re-indexed loan-to-value ratios may not reflect actual realizable values of future repossessions. At September 30, 2014, 13% (based on dollar values) of these loans in our U.K. and France portfolios have been restructured.

(c) Of our $6.2 billion nonaccrual loans of September 30, 2014, $2.7 billion are currently paying in accordance with the contractual terms.

The portfolio of financing receivables, before allowance for losses, was $242.6 billion at September 30, 2014, and $258.2 billion at December 31, 2013. Financing receivables, before allowance for losses, decreased $15.6 billion from December 31, 2013, primarily as a result of write-offs ($3.9 billion), the stronger U.S. dollar ($3.3 billion), the reclassification of GEMB-Nordic to held for sale ($2.9 billion) and collections (which includes sales) exceeding originations ($1.0 billion).

Related nonaccrual receivables totaled $6.2 billion (2.6% of outstanding receivables) at September 30, 2014 compared with $7.9 billion (3.1% of outstanding receivables), at December 31, 2013. Nonaccrual receivables decreased from December 31, 2013 primarily due to payoffs, collections and write-offs in our Real Estate and CLL portfolios.

The allowance for losses remained constant at $5.2 billion at September 30, 2014 representing our best estimate of probable losses inherent in the portfolio. Allowance for losses decreased at Commercial and Real Estate, primarily as a result of write-offs and resolutions.  These decreases were offset by increases at Consumer, primarily as a result of an increase in the projected net write-offs over the next 12 months in the U.S. and the effects of recent legislation on consumer pricing in Hungary, partially offset by the reclassification of GEMB-Nordic to held for sale.  These factors also resulted in an increase in allowance for losses as a percent of total financing receivables from 2.0% at December 31, 2013 to 2.1% at September 30, 2014. Further information about the allowance for losses for each of our portfolios is provided below.

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Selected Ratios Related to Nonaccrual Financing Receivables and the Allowance for Losses
	Nonaccrual financing receivables				Allowance for losses				Allowance for losses
	as a percent of				as a percent of				as a percent of
	total financing receivables at				nonaccrual financing receivables at				total financing receivables at
	September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013		September 30, 2014		December 31, 2013
Commercial
CLL
Americas	1.7	%	1.8	%	38.7	%	37.1	%	0.6	%	0.7	%
International	2.3		3.1		37.4		34.6		0.9		1.1
Total CLL	1.9		2.3		38.1		35.8		0.7		0.8
Energy Financial
Services	2.0		0.1		10.5		200.0		0.2		0.3
GECAS	1.8		-		9.8		-		0.2		0.2
Other	-		1.9		-		33.3		-		0.6
Total Commercial	1.9		2.1		35.5		36.6		0.7		0.8
Real Estate	8.2		12.8		9.5		7.5		0.8		1.0
Consumer
Non-U.S. residential
mortgages(a)	7.1		7.1		22.4		16.6		1.6		1.2
Non-U.S. installment
and revolving credit	0.5		0.6		890.0		675.0		4.4		4.3
U.S. installment and
revolving credit	-		-		(b)		(b)		5.5		5.1
Non-U.S. auto(c)	1.2		0.9		773.7		311.1		9.3		2.7
Other	3.3		5.0		48.6		42.7		1.6		2.2
Total Consumer	2.2		2.4		186.3		151.9		4.1		3.7
Total	2.6		3.1		83.4		65.4		2.1		2.0

(a) Included nonaccrual financing receivables as a percent of financing receivables of 7.7% and 7.8%, allowance for losses as a percent of nonaccrual receivables of 20.0% and 13.0% and allowance for losses as a percent of total financing receivables of 1.5%  and 1.0%  at September 30, 2014 and December 31, 2013, respectively, primarily related to loans, net of credit insurance, whose terms permitted repayments that are less than the repayments for fully amortizing loans and high loan-to-value ratios at inception (greater than 90%). Compared to the overall Non-U.S. residential mortgage loan portfolio, the ratio of allowance for losses as a percent of nonaccrual financing receivables for these loans is lower, driven primarily by the higher mix of such products in the U.K. and France portfolios and as a result of the better performance and collateral realization experience in these markets.

(b) Not meaningful.

(c) Increase in allowance for losses ratios attributable to recent legislation on consumer pricing in Hungary.

Included below is a discussion of financing receivables, allowance for losses, nonaccrual receivables and related metrics for each of our significant portfolios.

CLL – Americas.  Nonaccrual receivables of $1.1 billion represented 17.8% of total nonaccrual receivables at September 30, 2014. The ratio of allowance for losses as a percent of nonaccrual receivables increased from 37.1% at December 31, 2013, to 38.7% at September 30, 2014, reflecting a decline in nonaccrual receivables in our media, materials and franchise portfolios, partially offset by increases in our Canada and Latin America portfolios. The ratio of nonaccrual receivables as a percent of financing receivables decreased from 1.8% at December 31, 2013 to 1.7% at September 30, 2014, reflecting decreased nonaccrual receivables for the reasons described above. Collateral supporting these nonaccrual financing receivables primarily includes assets in the restaurant and hospitality, trucking and industrial equipment industries and corporate aircraft, and for our leveraged finance business, equity of the underlying businesses.

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CLL – International.Nonaccrual receivables of $1.0 billion represented 16.3 % of total nonaccrual receivables at September 30, 2014. The ratio of allowance for losses as a percent of nonaccrual receivables increased from 34.6 % at December 31, 2013 to 37.4 % at September 30, 2014, reflecting a decrease in nonaccrual receivables and allowance for losses in our Interbanca S.p.A. and Australia portfolios primarily as a result of account resolutions and sales of nonaccrual receivables in Korea. Approximately 54% of our CLL – International nonaccrual receivables are attributable to the Interbanca S.p.A. portfolio, which was acquired in 2009. The loans acquired with Interbanca S.p.A. were recorded at fair value, which incorporates an estimate at the acquisition date of credit losses over their remaining life. Accordingly, these loans generally have a lower ratio of allowance for losses as a percent of nonaccrual receivables compared to the remaining portfolio. Excluding the nonaccrual loans attributable to the 2009 acquisition of Interbanca S.p.A., the ratio of allowance for losses as a percent of nonaccrual receivables increased from 42.2 % at December 31, 2013, to 53.1% at September 30, 2014, primarily due to sales of nonaccrual receivables in Korea and a decrease in nonaccrual receivables and allowance for losses in our Australia portfolio. The ratio of nonaccrual receivables as a percent of financing receivables decreased from 3.1% at December 31, 2013 to 2.3% at September 30, 2014, for the reasons described above. Collateral supporting these secured nonaccrual financing receivables are primarily equity of the underlying businesses, purchased receivables, commercial real estate, manufacturing and other equipment, and corporate aircraft.

Real Estate.  Nonaccrual receivables of $1.6 billion represented 26.3% of total nonaccrual receivables at September 30, 2014. The decrease in nonaccrual receivables from December 31, 2013, was primarily due to Asian office collections and resolutions as well as the resolution of North American office, multi-family and hotel nonaccrual loans, and European retail nonaccrual loans through payoffs and collections. The ratio of allowance for losses as a percent of nonaccrual receivables increased from 7.5% to 9.5% reflecting decreases in the allowance for losses at a lower rate than decreases in nonaccrual loans as mentioned above. The ratio of allowance for losses as a percent of total financing receivables decreased from 1.0% at December 31, 2013 to 0.8% at September 30, 2014, driven primarily by the reduction in overall reserves due to improving market conditions and new loan originations in 2014.

The Real Estate financing receivables portfolio is collateralized by income-producing or owner-occupied commercial properties across a variety of asset classes and markets. At September 30, 2014, total Real Estate financing receivables of $19.8 billion were primarily collateralized by office buildings ($6.2 billion), apartment buildings ($3.3 billion), retail facilities ($2.9 billion), warehouse properties ($2.4 billion) and hotel properties ($1.9 billion). In 2014, commercial real estate markets continue to show signs of improved stability and liquidity in certain markets; however, the pace of improvement varies significantly by asset class and market and the long-term outlook remains uncertain. We have and continue to maintain an intense focus on operations and risk management. Loan loss reserves related to our Real Estate–Debt financing receivables are particularly sensitive to declines in underlying property values. Estimating the impact of global property values on loss performance across our portfolio depends on a number of factors, including macroeconomic conditions, property level operating performance, local market dynamics and individual borrower behavior. As a result, any attempts to forecast potential losses carry a high degree of imprecision and are subject to change. At September 30, 2014, we had 100 foreclosed commercial real estate properties totaling $0.8 billion.

Consumer − Non-U.S. residential mortgages. Nonaccrual receivables of $2.0 billion represented 31.6 % of total nonaccrual receivables at September 30, 2014. The ratio of allowance for losses as a percent of nonaccrual receivables increased from 16.6% at December 31, 2013, to 22.4% at September 30, 2014, due to an increase in provisions as a result of recent legislation on consumer pricing in Hungary and an increase in allowances for losses in our U.K. portfolio. Our non-U.S. mortgage portfolio has a loan-to-value ratio of approximately 76% at origination and the vast majority are first lien positions. Our U.K. and France portfolios, which comprise a majority of our total mortgage portfolio, have reindexed loan-to-value ratios of 71% and 56%, respectively, and about 7% of these loans are without mortgage insurance and have a reindexed loan-to-value ratio equal to or greater than 100%. Re-indexed loan-to-value ratios may not reflect actual realizable values of future repossessions. Loan-to-value information is updated on a quarterly basis for a majority of our loans and considers economic factors such as the housing price index. At September 30, 2014, we had in repossession stock 180 houses in the U.K., which had a value of less than $0.1 billion. The ratio of nonaccrual receivables as a percent of financing receivables remained constant at 7.1% at September 30, 2014.

Consumer − Non-U.S. installment and revolving credit. Nonaccrual receivables of $0.1 billion represented 0.8% of total nonaccrual receivables at September 30, 2014. The ratio of allowance for losses as a percent of financing receivables increased slightly from 4.3% at December 31, 2013 to 4.4% at September 30, 2014, primarily reflecting the reclassification of GEMB-Nordic to held for sale.

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Consumer − U.S. installment and revolving credit. The ratio of allowance for losses as a percent of financing receivables increased from 5.1% at December 31, 2013 to 5.5% at September 30, 2014, reflecting an increase in the projected net write-offs over the next 12 months.

Impaired Loans

"Impaired" loans in the table below are defined as larger-balance or restructured loans for which it is probable that the lender will be unable to collect all amounts due according to original contractual terms of the loan agreement. The vast majority of our Consumer and a portion of our CLL nonaccrual receivables are excluded from this definition, as they represent smaller-balance homogeneous loans that we evaluate collectively by portfolio for impairment.

Impaired loans include nonaccrual receivables on larger-balance or restructured loans, loans that are currently paying interest under the cash basis (but are excluded from the nonaccrual category), and loans paying currently that had been previously restructured.

Specific reserves are recorded for individually impaired loans to the extent we have determined that it is probable that we will be unable to collect all amounts due according to original contractual terms of the loan agreement. Certain loans classified as impaired may not require a reserve because we believe that we will ultimately collect the unpaid balance (through collection or collateral repossession).

Loans Classified as Impaired and Specific Reserves
(In millions)	September 30, 2014		December 31, 2013
Loans requiring allowance for losses
Commercial(a)	$	547	$	1,116
Real Estate		478		1,245
Consumer		2,369		2,879
Total loans requiring allowance for losses		3,394		5,240
Loans expected to be fully recoverable
Commercial(a)		2,690		2,776
Real Estate		1,994		2,615
Consumer		131		109
Total loans expected to be fully recoverable		4,815		5,500
Total impaired loans	$	8,209	$	10,740
Allowance for losses (specific reserves)
Commercial(a)	$	189	$	328
Real Estate		27		74
Consumer		484		567
Total allowance for losses (specific reserves)	$	700	$	969
Average investment during the period	$	9,755	$	12,347
Interest income earned while impaired(b)		321		626

(a) Includes CLL, Energy Financial Services, GECAS and Other.

(b) Recognized principally on an accrual basis.

We regularly review our Real Estate loans for impairment using both quantitative and qualitative factors, such as debt service coverage and loan-to-value ratios. We evaluate a Real Estate loan for impairment when the most recent valuation reflects a projected loan-to-value ratio at maturity in excess of 100%, even if the loan is currently paying in accordance with its contractual terms.

Of our $2.5 billion of impaired loans at Real Estate at September 30, 2014, $2.2 billion are currently paying in accordance with the contractual terms of the loan and are typically loans where the borrower has adequate debt service coverage to meet contractual interest obligations. Impaired loans at CLL primarily represent senior secured lending positions.

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Impaired Loan Balance Classified by the Method Used To Measure Impairment
(In millions)	September 30, 2014		December 31, 2013
Discounted cash flow	$	4,172	$	5,558
Collateral value		4,037		5,182
Total	$	8,209	$	10,740

Our loss mitigation strategy is intended to minimize economic loss and, at times, can result in rate reductions, principal forgiveness, extensions, forbearance or other actions, which may cause the related loan to be classified as a troubled debt restructuring (TDR), and also as impaired. Changes to Real Estate's loans primarily include forbearance, maturity extensions and changes to collateral or covenant terms or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. The determination of whether these changes to the terms and conditions of our commercial loans meet the TDR criteria includes our consideration of all relevant facts and circumstances. At September 30, 2014, TDRs included in impaired loans were $7.1 billion, primarily relating to Consumer ($2.4 billion), Real Estate ($2.3 billion) and CLL ($2.3 billion).

Real Estate TDRs decreased from $3.6 billion at December 31, 2013 to $2.3 billion at September 30, 2014, primarily driven by resolution of TDRs through paydowns. For borrowers with demonstrated operating capabilities, we work to restructure loans when the cash flow and projected value of the underlying collateral support repayment over the modified term. We deem loan modifications to be TDRs when we have granted a concession to a borrower experiencing financial difficulty and we do not receive adequate compensation in the form of an effective interest rate that is at current market rates of interest given the risk characteristics of the loan or other consideration that compensates us for the value of the concession. For the nine months ended September 30, 2014, we modified $0.5 billion of loans classified as TDRs. Changes to these loans primarily included forbearance, maturity extensions and changes to collateral or covenant terms or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. The limited liquidity and higher return requirements in the real estate market for loans with higher loan-to-value (LTV) ratios have typically resulted in the conclusion that the modified terms are not at current market rates of interest, even if the modified loans are expected to be fully recoverable. We received the same or additional compensation in the form of rate increases and fees for the majority of these TDRs. Of our $0.8 billion and $2.1 billion of modifications classified as TDRs in the last 12 months ended September 30, 2014 and 2013, respectively, $0.3 billion and $0.3 billion have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

The substantial majority of the Real Estate TDRs have reserves determined based upon collateral value. Our specific reserves on Real Estate TDRs were less than $0.1 billion at September 30, 2014 and $0.1 billion at December 31, 2013, and were 1.2% and 1.9%, respectively, of Real Estate TDRs. In many situations these loans did not require a specific reserve as collateral value adequately covered our recorded investment in the loan. While these modified loans had adequate collateral coverage, we were still required to complete our TDR classification evaluation on each of the modifications without regard to collateral adequacy.

We utilize certain short-term (three months or less) loan modification programs for borrowers experiencing temporary financial difficulties in our Consumer loan portfolio. These loan modification programs are primarily concentrated in our non-U.S. residential mortgage and non-U.S. installment and revolving portfolios. We sold our U.S. residential mortgage business in 2007 and, as such, do not participate in the U.S. government-sponsored mortgage modification programs. For the nine months ended September 30, 2014, we provided short-term modifications of less than $0.1 billion of consumer loans for borrowers experiencing financial difficulties, substantially all in our non-U.S. residential mortgage, credit card and personal loan portfolios, which are not classified as TDRs. For these modified loans, we provided insignificant interest rate reductions and payment deferrals, which were not part of the terms of the original contract. We expect borrowers whose loans have been modified under these short-term programs to continue to be able to meet their contractual obligations upon the conclusion of the short-term modification. In addition, we have modified $0.8 billion of Consumer loans for the nine months ended September 30, 2014, which are classified as TDRs. Further information on Consumer impaired loans is provided in Note 18 to the condensed, consolidated financial statements.

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Delinquencies

For additional information on delinquency rates at each of our major portfolios, see Note 18 to the condensed, consolidated financial statements.

All Other Assets

All other assets of our financial services business comprises mainly real estate equity properties and investments, equity and cost method investments, derivative instruments and assets held for sale, and totaled $47.1 billion at September 30, 2014, a decrease of $0.2 billion from December 31, 2013, primarily related to the sale of certain held-for-sale real estate and aircraft ($5.8 billion), the net sale of loans held for sale ($3.1 billion), the net decrease in equity and cost method investments ($1.1 billion), and the sale of certain real estate investments ($1.1 billion). These decreases were partially offset by a net increase in assets held for sale ($10.1 billion) and an increase in derivative instruments ($0.6 billion). During the three and nine months ended September 30, 2014, we recognized $0.1 billion and $0.4 billion, respectively, of pre-tax other-than-temporary impairments of cost and equity method investments, excluding those related to real estate.

Included in other assets are Real Estate equity investments of $12.1 billion and $13.7 billion and Real Estate equity assets classified as held for sale of $0.1 billion and $0.7 billion at September 30, 2014 and December 31, 2013, respectively. Our portfolio is diversified, both geographically and by asset type. We review the estimated values of our commercial real estate investments at least annually, or more frequently as conditions warrant. Commercial real estate valuations have shown signs of improved stability and liquidity in certain markets, primarily in the U.S.; however, the pace of improvement varies significantly by asset class and market. Accordingly, there continues to be risk and uncertainty surrounding commercial real estate values. Declines in estimated value of real estate below carrying amount result in impairment losses when the aggregate undiscounted cash flow estimates used in the estimated value measurement are below the carrying amount. As such, estimated losses in the portfolio will not necessarily result in recognized impairment losses. During the three and nine months ended September 30, 2014, Real Estate recognized pre-tax impairments of $0.1 billion and $0.2 billion, respectively, in its real estate held for investment. Real Estate investments with undiscounted cash flows in excess of carrying value of 0% to 5% at September 30, 2014 had a carrying value of $1.3 billion and an associated estimated unrealized loss of $0.1 billion. Continued deterioration in economic conditions or prolonged market illiquidity may result in further impairments being recognized.

FOREIGN EXPOSURE

GECC Selected European Exposures

At September 30, 2014, we had $69.9 billion in financing receivables to consumer and commercial customers in Europe. The GECC financing receivables portfolio in Europe is well diversified across European geographies and customers. Approximately 93% of the portfolio is secured by collateral and represents approximately 500,000 commercial customers. Several European countries, including Spain, Portugal, Ireland, Italy, Greece and Hungary (focus countries), have been subject to credit deterioration due to weaknesses in their economic and fiscal situations. The carrying value of GECC funded exposures in these focus countries and in the rest of Europe comprised the following at September 30, 2014.

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													Rest of		Total
(In millions)	Spain		Portugal		Ireland		Italy		Greece		Hungary		Europe		Europe
September 30, 2014
Financing receivables, before allowance
for losses on financing receivables	$	1,360	$	215	$	521	$	5,782	$	2	$	2,746	$	60,424	$	71,050
Allowance for losses on
financing receivables		(85)		(17)		-		(178)		-		(222)		(655)		(1,157)
Financing receivables, net of allowance
for losses on financing receivables(a)(b)		1,275		198		521		5,604		2		2,524		59,769		69,893
Investments(c)(d)		3		-		-		454		-		277		2,129		2,863
Cost and equity method investments(e)		-		-		469		50		33		-		1,643		2,195
Derivatives, net of collateral(c)(f)		2		-		-		52		-		-		374		428
Equipment leased to others (ELTO)(g)		484		208		64		675		233		234		9,775		11,673
Real estate held for investment(g)		612		-		-		399		-		-		3,479		4,490
Total funded exposures(h)(i)	$	2,376	$	406	$	1,054	$	7,234	$	268	$	3,035	$	77,169	$	91,542
Unfunded commitments(j)	$	16	$	8	$	189	$	189	$	4	$	827	$	5,597	$	6,830

(a) Financing receivable amounts are classified based on the location or nature of the related obligor.

(b) Substantially all relates to non-sovereign obligors. Included residential mortgage loans of approximately $27.4 billion before consideration of purchased credit protection. We have third-party mortgage insurance for less than 10% of these residential mortgage loans, which were primarily originated in France and the U.K.

(c) Investments and derivatives are classified based on the location of the parent of the obligor or issuer.

(d) Included $0.8 billion related to financial institutions, $0.2 billion related to non-financial institutions and $1.9 billion related to sovereign issuers. Sovereign issuances totaled $0.1 billion and $0.2 billion related to Italy and Hungary, respectively. We held no investments issued by sovereign entities in the other focus countries.

(e) Substantially all is non-sovereign.

(f) Net of cash collateral; entire amount is non-sovereign.

(g) These assets are held under long-term investment and operating strategies, and our ELTO strategies contemplate an ability to redeploy assets under lease should default by the lessee occur. The values of these assets could be subject to decline or impairment in the current environment.

(h) Excluded $34.8 billion of cash and equivalents, which is composed of $25.9 billion of cash on short-term placement with highly rated global financial institutions based in Europe, sovereign central banks and agencies or supranational entities, of which $1.1 billion is in focus countries, and $8.9 billion of cash and equivalents placed with highly rated European financial institutions on a short-term basis, secured by U.S. Treasury securities ($3.7 billion) and sovereign bonds of non-focus countries ($5.2 billion), where the value of our collateral exceeds the amount of our cash exposure.

(i) Rest of Europe included $2.0 billion and $0.1 billion of exposure for Russia and Ukraine, respectively, substantially all ELTO and financing receivables related to commercial aircraft in our GECAS portfolio.

(j) Includes ordinary course of business lending commitments, commercial and consumer unused revolving credit lines, inventory financing arrangements and investment commitments.

We manage counterparty exposure, including credit risk, on an individual counterparty basis. We place defined risk limits around each obligor and review our risk exposure on the basis of both the primary and parent obligor, as well as the issuer of securities held as collateral. These limits are adjusted on an ongoing basis based on our continuing assessment of the credit risk of the obligor or issuer. In setting our counterparty risk limits, we focus on high-quality credits and diversification through spread of risk in an effort to actively manage our overall exposure. We actively monitor each exposure against these limits and take appropriate action when we believe that risk limits have been exceeded or there are excess risk concentrations. Our collateral position and ability to work out problem accounts have historically mitigated our actual loss experience. Delinquency experience has been relatively stable in our European commercial and consumer platforms in the aggregate, and we actively monitor and take action to reduce exposures where appropriate. Uncertainties surrounding European markets could have an impact on the judgments and estimates used in determining the carrying value of these assets.

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Other

For our operations in Venezuela, determining the appropriate exchange rate for remeasurement of bolivar-denominated monetary assets and liabilities into U.S. dollars continues to be subject to uncertainty. We continue to access the official exchange mechanism maintained by the government for certain of our qualifying imports and measure the associated bolivar-denominated net monetary assets at that rate.  During the three months ended September 30, 2014, we became eligible to access the SICAD1 exchange mechanism to settle certain future transactions, including the payment of dividends.  In light of this development, we concluded the SICAD1 rate is the most appropriate for measuring those monetary assets that do not qualify for the official exchange rate and recorded a $29 million pre-tax charge during the three months ended September 30, 2014.

We continue to monitor the evolving situation in Venezuela and will reevaluate the determination of the appropriate exchange rates for remeasurement in light of current developments related to the alternative exchange mechanisms. Net monetary assets subject to remeasurement were approximately $43 million at September 30, 2014, including approximately $18 million in Bolivar denominated cash and cash equivalents and approximately $68 million related to a non-consolidated investment.  We also continue to monitor the effects of economic and operating environment in Venezuela on recoverable amounts of bolivar denominated non-monetary assets.

NEW ACCOUNTING STANDARDS

In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective on January 1, 2017. Early application is not permitted. The standard permits the use of either the retrospective or modified retrospective (cumulative effect) transition method. We are evaluating the effect that ASU 2014-09 will have on our consolidated financial statements and related disclosures. We have not yet selected a transition method nor have we determined the effect of the standard on our ongoing financial reporting.

REGULATIONS AND SUPERVISION

GECC is a regulated savings and loan holding company under U.S. law and became subject to Federal Reserve Board (FRB) supervision on July 21, 2011, the one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). In addition, on July 8, 2013, the U.S. Financial Stability Oversight Council (FSOC) designated GECC as a nonbank systemically important financial institution (nonbank SIFI) under the DFA. Many of the rulemakings for supervision of nonbank SIFIs are not final and therefore the exact impact and implementation date remain uncertain. GECC continues to plan for the enhanced prudential standards that will apply to nonbank SIFIs. These DFA rulemakings will require, among other items, enhanced capital and liquidity levels, compliance with the comprehensive capital analysis and review regulations (CCAR), compliance with counterparty credit exposure limits, and the development of a resolution plan for submission to regulators.

GECC submitted its first resolution plan to the FRB and Federal Deposit Insurance Corporation (FDIC) on June 30, 2014. GECC's resolution plan describes how GECC could be resolved under existing insolvency regimes in a manner that mitigates potential disruption to the U.S. financial system and the global financial markets without the use of government support or taxpayer funds. If the FRB and FDIC determine that GECC's resolution plan is deficient, the Dodd-Frank Act authorizes the FRB and FDIC to impose more stringent capital, leverage or liquidity requirements on GECC or restrict its growth or activities until it submits a plan remedying the deficiencies. If the FRB and FDIC ultimately determine that GECC has not adequately addressed the deficiencies, they could order GECC to divest assets or operations in order to facilitate orderly resolution in the event of its failure.

GE is also subject to the Volcker Rule, which U.S. regulators finalized on December 10, 2013. The rule prohibits companies that are affiliated with U.S. insured depository institutions from engaging in "proprietary trading" or acquiring or retaining ownership interest in, or sponsoring or engaging in certain transactions with, a "hedge fund" or a "private equity fund." Proprietary trading and fund investing, as prohibited by the rule, are not core activities for GE, but GE is assessing the full impact of the rule, in anticipation of full conformance with the rule, as required by July 21, 2015.

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In July 2013, the FRB finalized regulations to revise and replace its current rules on capital adequacy and to extend capital regulations to savings and loan holding companies like GECC. Under the final rules, the standardized approach for calculating capital could apply to GECC, in its capacity as a savings and loan holding company, as early as January 1, 2015. However, that timing could change once nonbank SIFI rules are finalized. GECC may become subject to the Basel III advanced capital rules that will be applicable to institutions with $250 billion or more in assets. Initial actions required for compliance with the advanced capital rules, including building out the necessary systems and models, will begin once GECC is subject to regulatory capital rules. However, full implementation will take several years to complete.

The FRB has also indicated that they will require nonbank SIFIs to submit annual capital plans for review, including institutions' plans to make capital distributions, such as dividend payments. The applicability and timing of this requirement to GECC is not yet determined. While GECC is not yet subject to this regulation, GECC's capital allocation planning remains subject to FRB review as a savings and loan holding company.

GECC undertakes an annual review of its capital adequacy prior to establishing a plan for dividends to its parent, GE. This review is based on a forward-looking assessment of GECC's material enterprise risks and involves the consideration of a number of factors. This analysis also includes an assessment of GECC's capital and liquidity levels, as well as incorporating risk management and governance considerations. The most recent capital adequacy review was approved by the GECC board of directors and the GE Board of Directors Risk Committee in 2014. While a savings and loan holding company and nonbank SIFI like GECC is currently not required to obtain FRB approval to pay a dividend, it may not, under FRB regulations, conduct its operations in an unsafe or unsound manner. The FRB has articulated factors that it expects boards of directors of bank holding companies and savings and loan holding companies to consider in determining whether to pay a dividend.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

There have been no significant changes to our market risk since December 31, 2013. For a discussion of our exposure to market risk, refer to Part II, Item 7A. "Quantitative and Qualitative Disclosures about Market Risk," contained in our Annual Report on Form 10‑K for the year ended December 31, 2013.

ITEM 4. CONTROLS AND PROCEDURES.

Under the direction of our Chief Executive Officer and Chief Financial Officer, we evaluated our disclosure controls and procedures and internal control over financial reporting and concluded that (i) our disclosure controls and procedures were effective as of September 30, 2014, and (ii) no change in internal control over financial reporting occurred during the quarter ended September 30, 2014, that has materially affected, or is reasonably likely to materially affect, such internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS.

The following information supplements and amends our discussion set forth under Part I, Item 3 "Legal Proceedings" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and our Quarterly Report on Form 10-Q for the quarters ended March 31, 2014 and June 30, 2014.

There are 15 lawsuits relating to pending mortgage loan repurchase claims in which WMC, our U.S. mortgage business that we sold in 2007, is a party, one of which was initiated after the third quarter. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. While the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase) and/or monetary damages. Beginning in the fourth quarter 2013, WMC entered into settlements that reduced its exposure on claims asserted in certain securitizations, and the claim amounts reported herein reflect the effect of these settlements.

Five WMC cases are pending in the United States District Court for the District of Connecticut. Four of these cases were initiated in 2012, and one was initiated in the third quarter 2013. Deutsche Bank National Trust Company (Deutsche Bank) is the adverse party in four cases, and Law Debenture Trust Company of New York (Law Debenture) is the adverse party in one case. The Deutsche Bank complaints assert claims on approximately $4,300 million of mortgage loans and seek to recover damages in excess of approximately $1,800 million. The Law Debenture complaint asserts claims on approximately $800 million of mortgage loans, and alleges losses on these loans in excess of approximately $425 million. On March 31, 2014, the District Court denied WMC's motions to dismiss these cases.

Four WMC cases are pending in the United States District Court for the District of Minnesota against US Bank National Association (US Bank), one of which was initiated by WMC seeking declaratory judgment. Three of these cases were filed in 2012, and one was filed in 2011. The Minnesota cases involve claims on approximately $800 million of mortgage loans and do not specify the amount of damages sought. In September 2013, the District Court granted in part and denied in part WMC's motions to dismiss or for summary judgment in these cases.  On September 8, 2014, US Bank filed a petition for instructions in the administration of trusts in Minnesota state court seeking authorization and instruction for US Bank to implement the terms of a settlement agreement reached with WMC to compromise, settle, and release all claims arising out of the securitizations at issue in these four lawsuits.  In light of the state court action seeking approval of the proposed settlement, the District Court entered an order on September 18, 2014 staying further proceedings in the four cases until January 15, 2015.

Four cases are pending against WMC in New York State Supreme Court, all of which were initiated by securitization trustees or securities administrators. These cases involve, in the aggregate, claims involving approximately $4,559 million of mortgage loans. One of these lawsuits was initiated by Deutsche Bank in the second quarter 2013 and names as defendants WMC and Barclays Bank PLC. It involves claims against WMC on approximately $1,000 million of mortgage loans and does not specify the amount of damages sought. The second case, in which the plaintiff is The Bank of New York Mellon (BNY), was initiated in the fourth quarter 2012 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. BNY asserts claims on approximately $1,300 million of mortgage loans, and seeks to recover damages in excess of $650 million. The third case was initiated by BNY in November 2013 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A. In this case, BNY asserts claims on approximately $1,300 million of mortgage loans, and seeks to recover damages in excess of $600 million.  The fourth case was filed in October 2014 and names as defendants WMC, J.P. Morgan Mortgage Acquisition Corporation and JPMorgan Chase Bank, N.A.  The plaintiff, BNY, asserts claims on approximately $959 million of mortgage loans and seeks to recover damages in excess of $475 million.

Two cases are pending against WMC in the United States District Court for the Southern District of New York. One case, in which the plaintiff is BNY, was filed in the third quarter 2012. In the second quarter 2013, BNY filed an amended complaint in which it asserts claims on approximately $900 million of mortgage loans, and seeks to recover damages in excess of $378 million. In September 2013, the District Court denied WMC's motion to dismiss. On September 18, 2014, the District Court issued an order directing the parties to participate in settlement discussions before a private mediator or the assigned magistrate judge. The second case was initiated by the Federal Housing Finance Agency (FHFA), which filed a summons with

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notice in the fourth quarter 2012. In the second quarter 2013, Deutsche Bank, in its role as securitization trustee of the trust at issue in the case, intervened as a plaintiff and filed a complaint relating to approximately $1,300 million of loans and alleging losses in excess of approximately $100 million. In December 2013, the District Court issued an order denying WMC's motion to dismiss.

The amounts of the claims at issue in these cases (discussed above) reflect the purchase price or unpaid principal balances of the mortgage loans at issue at the time of purchase and do not give effect to pay downs, accrued interest or fees, or potential recoveries based upon the underlying collateral. All of the mortgage loans involved in these lawsuits are included in WMC's reported claims at September 30, 2014.

ITEM 2. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS.

									Approximate
									dollar value
						Total number			of shares that
						of shares			may yet be
						purchased			purchased
						as part of			under our
	Total number			Average		our share			share
	of shares			price paid		repurchase			repurchase
Period(a)	purchased		(a)(b)	per share		program	(a)(c)		program
(Shares in thousands)
2014
July		3,022		$	25.95	2,952
August		2,671		$	25.68	2,623
September		3,978		$	25.90	3,927
Total		9,671		$	25.86	9,502		$	10.5	billion

(a) Information is presented on a fiscal calendar basis, consistent with our quarterly financial reporting.

(b) This category included 169 thousand shares repurchased from our various benefit plans.

(c) Shares are repurchased through the 2007 GE Share Repurchase Program (the Program). As of December 31, 2013, we were authorized to repurchase up to $35 billion of our common stock through 2015 and we had repurchased a total of approximately $22.7 billion under the Program. The Program is flexible and shares are acquired with a combination of borrowings and free cash flow from the public markets and other sources, including GE Stock Direct, a stock purchase plan that is available to the public.

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ITEM 6. Exhibits.

Exhibit 11 Exhibit 12	Computation of Per Share Earnings.* Computation of Ratio of Earnings to Fixed Charges.
Exhibit 31(a)	Certification Pursuant to Rules 13a‑14(a) or 15d‑14(a) under the Securities Exchange Act of 1934, as Amended.
Exhibit 31(b)	Certification Pursuant to Rules 13a‑14(a) or 15d‑14(a) under the Securities Exchange Act of 1934, as Amended.
Exhibit 32	Certification Pursuant to 18 U.S.C. Section 1350.
Exhibit 99(a)	Financial Measures That Supplement Generally Accepted Accounting Principles.
Exhibit 99(b)	Computation of Ratio of Earnings to Fixed Charges (Incorporated by reference to Exhibit 12 to General Electric Capital Corporation's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2014 (Commission file number 001-06461)).
Exhibit 101	The following materials from General Electric Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, formatted in XBRL (eXtensible Business Reporting Language); (i) Condensed Statement of Earnings for the three and nine months ended September 30, 2014 and 2013, (ii) Condensed, Consolidated Statement of Comprehensive Income for the three and nine months ended September 30, 2014 and 2013, (iii) Condensed, Consolidated Statement of Changes in Shareowners' Equity for the nine months ended September 30, 2014 and 2013, (iv) Condensed Statement of Financial Position at September 30, 2014 and December 31, 2013, (v) Condensed Statement of Cash Flows for the nine months ended September 30, 2014 and 2013, and (vi) Notes to Condensed, Consolidated Financial Statements.
	*	Data required by Financial Accounting Standards Board Accounting Standards Codification 260, Earnings Per Share, is provided in Note 13 to the Condensed, Consolidated Financial Statements in this Report.

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	General Electric Company (Registrant)
November 3, 2014	/s/ Jan R. Hauser
Date	Jan R. Hauser Vice President and Controller Duly Authorized Officer and Principal Accounting Officer

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EX-12

Exhibit 12

General Electric Company Computation of Ratio of Earnings to Fixed Charges

	Nine months
		ended
	September 30, 2014
(Dollars in millions)	(Unaudited)
General Electric Company and consolidated affiliates
Earnings(a)	$	10,745
Plus:
Interest and other financial charges included in expense(b)		7,116
One-third of rental expense(c)		370
Adjusted "earnings"	$	18,231
Fixed charges:
Interest and other financial charges included in expense(b)	$	7,116
Interest capitalized		20
One-third of rental expense(c)		370
Total fixed charges	$	7,506
Ratio of earnings to fixed charges		2.43

(a) Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.

(b) Included interest on tax deficiencies.

(c) Considered to be representative of interest factor in rental expense.

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EX-31

Exhibit 31(a)

Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended

I, Jeffrey R. Immelt, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of General Electric Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 3, 2014

/s/ Jeffrey R. Immelt

Jeffrey R. Immelt

Chief Executive Officer

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EX-31

Exhibit 31(b)

Certification Pursuant to Rules 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as Amended

I, Jeffrey S. Bornstein, certify that:
1.	I have reviewed this quarterly report on Form 10-Q of General Electric Company;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
	a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
	b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
	c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
	d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5.	The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
	a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
	b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 3, 2014

/s/ Jeffrey S. Bornstein

Jeffrey S. Bornstein

Chief Financial Officer

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EX-32

Exhibit 32

Certification Pursuant to 18 U.S.C. Section 1350

In connection with the Quarterly Report of General Electric Company (the "registrant") on Form 10-Q for the period ended September 30, 2014, as filed with the Securities and Exchange Commission on the date hereof (the "report"), we, Jeffrey R. Immelt and Jeffrey S. Bornstein, Chief Executive Officer and Chief Financial Officer, respectively, of the registrant, certify, pursuant to 18 U.S.C. § 1350, that to our knowledge:

(1)	The report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
(2)	The information contained in the report fairly presents, in all material respects, the financial condition and results of operations of the registrant.

November 3, 2014

/s/ Jeffrey R. Immelt

Jeffrey R. Immelt

Chief Executive Officer

/s/ Jeffrey S. Bornstein

Jeffrey S. Bornstein

Chief Financial Officer

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EX-99.A CHARTER

Exhibit 99(a)

General Electric Company Financial Measures That Supplement Generally Accepted Accounting Principles

We sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. Specifically, we have referred to:

· Operating earnings and operating earnings per share (EPS)

· Operating and non-operating pension costs (income)

· GE Capital ending net investment (ENI), excluding cash and equivalents

· Industrial segment organic revenue growth

The reasons we use these non-GAAP financial measures and their reconciliation to their most directly comparable GAAP financial measures follow.

Operating Earnings and Operating EPS
	Three months ended September 30
(Dollars in millions; except earnings per share)	2014		2013		V%
Earnings from continuing operations attributable to GE	$	3,480	$	3,282	6 %
Adjustment (net of tax): non-operating pension costs/(income)		349		426
Operating earnings	$	3,829	$	3,708	3 %
Earnings per share – diluted(a)
Continuing earnings per share	$	0.34	$	0.32	6 %
Adjustment (net of tax): non-operating pension costs/(income)		0.03		0.04
Operating earnings per share	$	0.38	$	0.36	6 %

	Nine months ended September 30
(In millions; except earnings per share)	2014		2013		V%
Earnings from continuing operations attributable to GE	$	10,053	$	10,186	(1)%
Adjustment (net of tax): non-operating pension costs/(income)		1,035		1,279
Operating earnings	$	11,088	$	11,465	(3)%
Earnings per share – diluted(a)
Continuing earnings per share	$	0.99	$	0.98	1 %
Adjustment (net of tax): non-operating pension costs/(income)		0.10		0.12
Operating earnings per share	$	1.09	$	1.11	(2)%

(a) Earnings-per-share amounts are computed independently. As a result, the sum of per-share amounts may not equal the total.

Operating earnings excludes non-service related pension costs of our principal pension plans comprising interest cost, expected return on plan assets and amortization of actuarial gains/losses. The service cost, prior service cost and curtailment loss components of our principal pension plans are included in operating earnings. We believe that these components of pension cost better reflect the ongoing service-related costs of providing pension benefits to our employees. As such, we believe that our measure of operating earnings provides management and investors with a useful measure of the operational results of our business. Other components of GAAP pension cost are mainly driven by capital allocation decisions and market performance, and we manage these separately from the operational performance of our businesses. Neither GAAP nor operating pension costs are necessarily indicative of the current or future cash flow requirements related to our pension plan. We also believe that this measure, considered along with the corresponding GAAP measure, provides management and investors with additional information for comparison of our operating results to the operating results of other companies.

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Operating and Non-Operating Pension Costs (Income)
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Service cost for benefits earned	$	304	$	362	$	921	$	1,145
Prior service cost amortization		54		62		162		185
Curtailment loss		65		-		65		-
Operating pension costs		423		424		1,148		1,330
Expected return on plan assets		(792)		(875)		(2,393)		(2,625)
Interest cost on benefit obligations		687		615		2,060		1,845
Net actuarial loss amortization		642		916		1,925		2,748
Non-operating pension costs (income)		537		656		1,592		1,968
Total principal pension plans costs	$	960	$	1,080	$	2,740	$	3,298

We have provided the operating and non-operating components of cost for our principal pension plans.  Operating pension costs comprise the service cost of benefits earned, prior service cost amortization and curtailment loss for our principal pension plans. Non-operating pension costs (income) comprise the expected return on plan assets, interest cost on benefit obligations and net actuarial loss amortization for our principal pension plans. We believe that the operating components of pension costs better reflects the ongoing service-related costs of providing pension benefits to our employees. We believe that the operating and non-operating components of cost for our principal pension plans, considered along with the corresponding GAAP measure, provide management and investors with additional information for comparison of our pension plan costs and operating results with the pension plan costs and operating results of other companies.

GE Capital Ending Net Investment (ENI), Excluding Cash and Equivalents
(In billions)	September 30, 2014
GECC total assets	$	506.9
Less assets of discontinued operations		1.3
Less non-interest bearing liabilities		60.9
GE Capital ENI		444.7
Less cash and equivalents		79.9
GE Capital ENI, excluding cash and equivalents	$	364.8

We use ENI to measure the size of our GE Capital segment. We believe that this measure is a useful indicator of the capital (debt or equity) required to fund a business as it adjusts for non-interest bearing current liabilities generated in the normal course of business that do not require a capital outlay. We also believe that by excluding cash and equivalents, we provide a meaningful measure of assets requiring capital to fund our GE Capital segment as a substantial amount of this cash and equivalents resulted from debt issuances to pre-fund future debt maturities and will not be used to fund additional assets. Providing this measure will help investors measure how we are performing against our previously communicated goal to reduce the size of our financial services segment.

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Industrial Segment Organic Revenue Growth
	Three months ended September 30					Nine months ended September 30
(Dollars in millions)		2014		2013	V%		2014		2013	V%
Segment revenues:
Power & Water	$	6,375	$	6,498		$	18,176	$	17,038
Oil & Gas		4,597		4,315			13,666		11,669
Energy Management		1,813		1,828			5,341		5,557
Aviation		5,698		5,364			17,566		15,741
Healthcare		4,485		4,304			13,166		13,083
Transportation		1,540		1,406			4,073		4,425
Appliances & Lighting		2,117		2,098			6,094		6,142
Industrial segment revenues		26,625		25,813	3%		78,082		73,655	6%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		815		880			2,288		1,729
Industrial segment revenues excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Industrial segment organic revenues)	$	25,810	$	24,933	4%	$	75,794	$	71,926	5%

Organic revenue growth measures revenue excluding the effects of acquisitions, business dispositions and currency exchange rates.  We believe that this measure provides management and investors with a more complete understanding of underlying operating results and trends of established, ongoing operations by excluding the effect of acquisitions, dispositions and currency exchange, which activities are subject to volatility and can obscure underlying trends.  We also believe that presenting organic revenue growth separately for our industrial businesses provides management and investors with useful information about the trends of our industrial businesses and enables a more direct comparison to other non-financial businesses and companies.  Management recognizes that the term "organic revenue growth" may be interpreted differently by other companies and under different circumstances. Although this may have an effect on comparability of absolute percentage growth from company to company, we believe that these measures are useful in assessing trends of the respective businesses or companies and may therefore be a useful tool in assessing period-to-period performance trends.

(90)

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GECC Revenues from Services (Tables)

9 Months Ended

Sep. 30, 2014

Financial Services Revenue [Abstract]

GECC Revenues from services

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Interest on loans	$	4,350	$	4,532	$	12,912	$	13,443
Equipment leased to others		2,417		2,435		7,514		7,397
Fees		1,177		1,195		3,412		3,485
Investment income(a)		617		514		1,785		1,502
Financing leases		345		395		1,075		1,220
Associated companies		211		406		884		852
Premiums earned by insurance activities		397		403		1,130		1,208
Real estate investments(b)		358		331		1,058		2,139
Other items		551		362		1,354		1,654
		10,423		10,573		31,124		32,900
Eliminations		(397)		(427)		(1,169)		(1,160)
Total	$	10,026	$	10,146	$	29,955	$	31,740

• Included net other-than-temporary impairments on investment securities of $5 million and $56 million in the three months ended September 30, 2014 and 2013, respectively, and $48 million and $467million in the nine months ended September 30, 2014 and 2013, respectively. The three and nine months ended September 30, 2013 included $96 million related to the impairment of an investment in a Brazilian company that was fully offset by the benefit of a guarantee provided by GE reflected as a component in other items.
• During the nine months ended September 30, 2013, we sold real estate comprising certain floors located at 30 Rockefeller Center, New York for a pre-tax gain of $902 million.

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Investment Securities (Investment) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended		12 Months Ended
	Sep. 30, 2014		Dec. 31, 2013
Investment [Line Items]
Debt and AFS securities, Amortized cost	$ 42,770		$ 41,474
Retained interests, Gross unrealized gain	4,805		3,256
Retained interests, Gross unrealized loss	(559)		(749)
Investments	47,016		43,981
Trading Securities [Member]
Investment [Line Items]
Available-for-sale Equity Securities, Gross Unrealized Gain	0		0
Consolidation, Eliminations [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	(3)		(4)
Available-for-sale Securities, Equity, Estimated fair value	(3)		(4)
Available-for-sale Equity Securities, Gross Unrealized Gain	0		0
Subsidiaries [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	443		342
Retained interests, Gross unrealized gain	6		23
Debt securities, Gross unrealized losses	(131)		(42)
Investments	318	[1]	323	[1]
Subsidiaries [Member] | Domestic Corporate Debt Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	5		21
Retained interests, Gross unrealized gain	2		14
Debt securities, Gross unrealized losses	0		0
Available-for-sale Securities, Equity, Estimated fair value	7		35
Subsidiaries [Member] | Foreign Corporate Debt Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	14		13
Retained interests, Gross unrealized gain	0		0
Debt securities, Gross unrealized losses	0		(1)
Available-for-sale Securities, Equity, Estimated fair value	14		12
Subsidiaries [Member] | Available-for-sale Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	305		302
Retained interests, Gross unrealized gain	4		9
Debt securities, Gross unrealized losses	(131)		(41)
Available-for-sale Securities, Equity, Estimated fair value	178		270
Subsidiaries [Member] | Trading Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	119		6
Retained interests, Gross unrealized gain	0		0
Debt securities, Gross unrealized losses	0		0
Available-for-sale Securities, Equity, Estimated fair value	119		6
Subsidiaries GECC [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	42,330		41,136
Retained interests, Gross unrealized gain	4,799		3,233
Debt securities, Gross unrealized losses	(428)		(707)
Investments	46,701		43,662
Subsidiaries GECC [Member] | Domestic Corporate Debt Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	20,000		19,600
Retained interests, Gross unrealized gain	3,524		2,323
Debt securities, Gross unrealized losses	(99)		(217)
Available-for-sale Securities, Equity, Estimated fair value	23,425		21,706
Subsidiaries GECC [Member] | US States and Political Subdivisions Debt Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	5,176		4,245
Retained interests, Gross unrealized gain	517		235
Debt securities, Gross unrealized losses	(89)		(191)
Available-for-sale Securities, Equity, Estimated fair value	5,604		4,289
Subsidiaries GECC [Member] | Residential Mortgage Backed Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	1,698		1,819
Retained interests, Gross unrealized gain	155		139
Debt securities, Gross unrealized losses	(25)		(48)
Available-for-sale Securities, Equity, Estimated fair value	1,828		1,910
Subsidiaries GECC [Member] | Commercial Mortgage Backed Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	2,993		2,929
Retained interests, Gross unrealized gain	181		188
Debt securities, Gross unrealized losses	(40)		(82)
Available-for-sale Securities, Equity, Estimated fair value	3,134		3,035
Subsidiaries GECC [Member] | Asset-backed Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	7,767		7,373
Retained interests, Gross unrealized gain	12		60
Debt securities, Gross unrealized losses	(119)		(46)
Available-for-sale Securities, Equity, Estimated fair value	7,660		7,387
Subsidiaries GECC [Member] | Foreign Corporate Debt Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	1,569		1,741
Retained interests, Gross unrealized gain	175		103
Debt securities, Gross unrealized losses	(44)		(86)
Available-for-sale Securities, Equity, Estimated fair value	1,700		1,758
Subsidiaries GECC [Member] | Foreign Government Debt Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	2,250		2,336
Retained interests, Gross unrealized gain	129		81
Debt securities, Gross unrealized losses	(2)		(7)
Available-for-sale Securities, Equity, Estimated fair value	2,377		2,410
Subsidiaries GECC [Member] | US Treasury and Government [Member] | Estimated Fair Value [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	579		752
Debt securities, Gross unrealized gains	53		45
Debt securities, Gross unrealized losses	0		(27)
Available-for-sale Securities, Equity, Estimated fair value	632		770
Subsidiaries GECC [Member] | Retained Interest [Member]
Investment [Line Items]
Retained interests and AFS securities, Amortized cost	25		64
Retained interests, Gross unrealized gain	2		8
Retained interests, Gross unrealized loss	0		0
Retained interests, Estimated fair value	27		72
Subsidiaries GECC [Member] | Available-for-sale Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost	251		203
Debt securities, Gross unrealized gains	51		51
Debt securities, Gross unrealized losses	(10)		(3)
Available-for-sale Securities, Equity, Estimated fair value	292		251
Subsidiaries GECC [Member] | Trading Securities [Member]
Investment [Line Items]
Debt and AFS securities, Amortized cost			74
Debt securities, Gross unrealized losses	0		0
Available-for-sale Securities, Equity, Estimated fair value	$ 22		$ 74

[1] 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.

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Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Narrative, Financial Information and NBCU) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended			9 Months Ended	0 Months Ended			12 Months Ended	3 Months Ended	9 Months Ended															3 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2014 GEMB-Nordic	Mar. 19, 2013 NBCU LLC	Jul. 15, 2013 Portugal Consumer Auto Personal Loan	Dec. 02, 2013 Machining And Fabrication Business	Dec. 31, 2013 CLL Trailer Services	Mar. 31, 2014 Consumer Russia	Sep. 30, 2014 Appliances	Sep. 30, 2014 Cash and Cash Equivalents	Dec. 31, 2013 Cash and Cash Equivalents	Sep. 30, 2014 Inventories	Dec. 31, 2013 Inventories	Sep. 30, 2014 Loans and Finance Receivables	Dec. 31, 2013 Loans and Finance Receivables	Sep. 30, 2014 Property, Plant and Equipment, Net	Dec. 31, 2013 Property, Plant and Equipment, Net	Sep. 30, 2014 Goodwill	Dec. 31, 2013 Goodwill	Sep. 30, 2014 Intangible Assets - Net	Dec. 31, 2013 Intangible Assets - Net	Sep. 30, 2014 Other	Dec. 31, 2013 Other	Mar. 31, 2013 Other NBCU LLC	Mar. 19, 2013 Other NBCU LLC	Mar. 31, 2013 Other NBCU LLC Real Estate	Sep. 30, 2014 Accounts Payable	Dec. 31, 2013 Accounts Payable	Sep. 30, 2014 Other Current Liabilities	Dec. 31, 2013 Other Current Liabilities	Sep. 30, 2014 Bank Deposits	Dec. 31, 2013 Bank Deposits	Sep. 30, 2014 Liabilities Other	Dec. 31, 2013 Liabilities Other
Financial Information For Businesses Held For Sale
Proceeds from Sale of Real Estate Held-for-investment																									$ 1,430
Summarized financial information for business held for sale
Assets Held-for-sale, at Carrying Value	5,777		50	3,158						2,619	105	5	696	0	2,684	0	915	0	590	24	120	2	667	19
Liabilities of Assets Held-for-sale	1,721		6	914						807																		480	1	300	0	757	0	184	5
Ownership Percentage In Newly Formed Entity																										49.00%
Proceeds from Divestiture of Businesses, Net of Cash Divested	232	0		1,000	11,997	83	108	528	232	3,300
Guaranteed Debt Included In Sale Of Asset																										4,000
Preferred Stock, Value, Issued	0		0																							725
Consideration Received For Sale Of Business					16,722
Pre Tax Gain On Sale Of Business																									1,096		921
Gain On Sale Of Business Net Of Tax																									$ 825		$ 564

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Borrowings and Bank Deposits (Parenthetical) (Details) (USD $) In Millions, unless otherwise specified																						3 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014 Subordinated Notes Guaranteed By GE	Dec. 31, 2013 Subordinated Notes Guaranteed By GE	Sep. 30, 2014 Non US Banks	Dec. 31, 2013 Non US Banks	Sep. 30, 2014 Unsecured Debt	Sep. 30, 2014 Notes Reclassified To Current Portion Of Long Term Borrowing [Member]	Dec. 31, 2013 Notes Reclassified To Current Portion Of Long Term Borrowing [Member]	Sep. 30, 2014 Notes Due In 2024 Unsecured Debt	Sep. 30, 2014 Notes Due In 2044 Unsecured Debt	Sep. 30, 2014 GECC	Dec. 31, 2013 GECC	Sep. 30, 2014 GECC Guaranteed investment contracts [Member]	Dec. 31, 2013 GECC Guaranteed investment contracts [Member]	Sep. 30, 2014 GECC PTL	Dec. 31, 2013 GECC PTL	Sep. 30, 2014 GECC Certificates of Deposit	Dec. 31, 2013 GECC Certificates of Deposit	Sep. 30, 2014 GECC Non Recourse [Member]	Dec. 31, 2013 GECC Non Recourse [Member]	Sep. 30, 2014 Synchrony Financial	Aug. 05, 2014 Synchrony Financial Long-term Debt
Borrowings And Bank Deposits
Long-term debt, current maturities			$ 300	$ 300										$ 461	$ 481	$ 700	$ 700
Long-term borrowings (Note 8)	213,179	221,665										198,735	210,279
Secured Debt												7,385	9,468							2,524	2,868
Secured Long-term Debt, Noncurrent																		22,872	18,275
Bank deposits (Note 8)	60,815	53,361			12,259	13,614						60,815	53,361
Short-term borrowings (Note 8)	69,916	77,890										68,676	77,298
Senior Notes							3,000			750	2,250
Senior Unsecured Note Interest Rate										337.50%	450.00%
Non Recourse Borrowings Of Consolidated Securitization Entities	30,231	30,124						8,160	9,047			30,231	30,124
Proceeds From Issuance Of Unsecured Debt																						8,000
Unsecured Long-Term Debt, Noncurrent																						$ 3,593	$ 7,495

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Investment Securities (Investments, by type and length in continuous loss position) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	$ 9,319	$ 6,057
Gross unrealized losses, less than 12 months	(241)	(322)
Estimated fair value, 12 months or more	3,971	3,284
Gross unrealized losses, 12 months or more	(318)	(427)
Percent of Gross unrealized losses, 12 months or more, considered investment grade	70.00%
OTTI previously recognized through OCI on securities held, gross unrealized losses	(55)
Domestic Corporate Debt Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	647	2,170
Gross unrealized losses, less than 12 months	(8)	(122)
Estimated fair value, 12 months or more	1,433	598
Gross unrealized losses, 12 months or more	(91)	(95)
US States and Political Subdivisions Debt Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	134	1,076
Gross unrealized losses, less than 12 months	(2)	(82)
Estimated fair value, 12 months or more	649	367
Gross unrealized losses, 12 months or more	(87)	(109)
Residential Mortgage Backed Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	96	232
Gross unrealized losses, less than 12 months	(1)	(11)
Estimated fair value, 12 months or more	436	430
Gross unrealized losses, 12 months or more	(24)	(37)
Residential Mortgage Backed Securities [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	610
Residential Mortgage Backed Securities [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	1,218
Mortgage-backed Securities, Residential, Subprime, Financing Receivable [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Debt securities, Estimated fair value	316
Commercial Mortgage Backed Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	126	396
Gross unrealized losses, less than 12 months	(1)	(24)
Estimated fair value, 12 months or more	853	780
Gross unrealized losses, 12 months or more	(39)	(58)
Asset-backed Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	7,172	112
Gross unrealized losses, less than 12 months	(86)	(2)
Estimated fair value, 12 months or more	274	359
Gross unrealized losses, 12 months or more	(33)	(44)
Foreign Corporate Debt Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	29	108
Gross unrealized losses, less than 12 months	0	(4)
Estimated fair value, 12 months or more	317	454
Gross unrealized losses, 12 months or more	(44)	(83)
Foreign Government Debt Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	880	1,479
Gross unrealized losses, less than 12 months	(2)	(6)
Estimated fair value, 12 months or more	2	42
Gross unrealized losses, 12 months or more	0	(1)
US Treasury and Government [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	0	229
Gross unrealized losses, less than 12 months	0	(27)
Estimated fair value, 12 months or more	7	254
Gross unrealized losses, 12 months or more	0	0
Retained Interest [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	0	2
Gross unrealized losses, less than 12 months	0	0
Estimated fair value, 12 months or more	0	0
Gross unrealized losses, 12 months or more	0	0
Equity Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	235	253
Gross unrealized losses, less than 12 months	(141)	(44)
Estimated fair value, 12 months or more	0	0
Gross unrealized losses, 12 months or more	0	0
Subsidiaries [Member] | Foreign Corporate Debt Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months		12
Gross unrealized losses, less than 12 months		(1)
Subsidiaries [Member] | Equity Securities [Member]
Available-for-sale Securities Estimated Fair Value And Gross Unrealized Losses [Abstract]
Estimated fair value, less than 12 months	149	222
Gross unrealized losses, less than 12 months	$ (131)	$ (41)

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Earnings Per Share Information (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Amount attributable to the Company:
Earnings (loss) from continuing operations for per-share calculation, Basic			$ 10,039	$ 10,172
Preferred stock dividends declared			0	0
Earnings from continuing operations attributable to common shareowners for per-share calculation, Basic	3,475	3,278
Earnings (loss) from discontinued operations for per-share calculation, Basic	57	(91)	29	(334)
Net earnings attributable to GE common shareowners for per-share calculation, Basic	3,532	3,187	10,067	9,838
Earnings from continuing operations attributable to common shareowners for per-share calculation, Diluted	3,475	3,268	10,039	10,172
Earnings (loss) from discontinued operations for per-share calculation, Diluted	57	(101)	29	(334)
Net earnings attributable to GE common shareowners for per-share calculation, Diluted	$ 3,532	$ 3,177	$ 10,068	$ 9,838
Average equivalent shares
Shares of GE common stock outstanding, Basic	10,039,000,000	10,151,000,000	10,042,000,000	10,262,000,000
Employee compensation-related shares (including stock options) and warrants, Basic	0	0	0	0
Total average equivalent shares, Basic	10,039,000,000	10,151,000,000	10,042,000,000	10,262,000,000
Shares of GE common stock outstanding, Diluted	10,039,000,000	10,151,000,000	10,042,000,000	10,262,000,000
Employee compensation-related shares (including stock options) and warrants, Diluted	80,000,000	72,000,000	79,000,000	65,000,000
Total average equivalent shares, Diluted	10,119,000,000	10,223,000,000	10,121,000,000	10,328,000,000
Per-share amounts
Earnings (loss) from continuing operations-Basic	$ 0.35	$ 0.32	$ 1	$ 0.99
Earnings (loss) from discontinued operations-Basic	$ 0.01	$ (0.01)	$ 0	$ (0.03)
Net earnings-Basic	$ 0.35	$ 0.31	$ 1	$ 0.96
Earnings (loss) from continuing operations-Diluted	$ 0.34	$ 0.32	$ 0.99	$ 0.98
Earnings (loss) from discontinued operations-Diluted	$ 0.01	$ (0.01)	$ 0	$ (0.03)
Net earnings-Diluted	$ 0.35	$ 0.31	$ 0.99	$ 0.95
Outstanding anti-dilutive stock awards not included in computation of diluted earnings per share	88,000,000	78,000,000	104,000,000	273,000,000
Dividend Equivalents Included In Earnings For EPS Calculation, Diluted	insignificant amount	insignificant amount	insignificant amount	insignificant amount
Dividend Equivalents Included In Earnings For EPS Calculation, Basic	insignificant amount	insignificant amount	insignificant amount	insignificant amount

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Summary of Operating Segments (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Segment Reporting Information [Line Items]
Revenues	$ 36,174		$ 35,661		$ 106,585		$ 105,663
Corporate items and eliminations revenues	(902)		(758)		(2,710)		(982)
Corporate items and eliminations	(1,550)		(1,904)		(4,566)		(4,131)
GE interest and other financial charges	(2,357)		(2,445)		(7,116)		(7,648)
GE provision for income taxes	(463)		(348)		(1,172)		(1,166)
Earnings from continuing operations attributable to GE common shareowners	3,480		3,282		10,053		10,186
Earnings (loss) from discontinued operations, net of taxes					28		(335)
Consolidated net earnings attributable to the Company	3,537		3,191		10,081		9,851
Percent Increase Decrease In Revenues	1.00%		1.00%
Percent increase decrease in GE interest and other financial charges	(12.00%)				(16.00%)
Percent increase decrease in GE provision for income taxes	(21.00%)				(7.00%)
Percent increase decrease in Earnings (loss) from continuing operations	6.00%				(1.00%)
Favorable Unfavorable Change In Earnings (loss) from discontinued operations, net of taxes	F				F
Percent increase decrease in net earnings attributable to the Company	11.00%				2.00%
Power And Water [Member]
Segment Reporting Information [Line Items]
Revenues	6,375		6,498		18,176		17,038
Segment profit	1,191		1,289		3,212		3,095
Percent Increase Decrease In Revenues	(2.00%)				7.00%
Percent increase decrease in Segment Profit	(8.00%)				4.00%
Oil And Gas [Member]
Segment Reporting Information [Line Items]
Revenues	4,597		4,315		13,666		11,669
Segment profit	660		519		1,771		1,376
Percent Increase Decrease In Revenues	7.00%				17.00%
Percent increase decrease in Segment Profit	27.00%				29.00%
Energy Management [Member]
Segment Reporting Information [Line Items]
Revenues	1,813		1,828		5,341		5,557
Segment profit	59		18		133		64
Percent Increase Decrease In Revenues	(1.00%)				(4.00%)
Favorable Unfavorable Change In Segment Profit	F				F
Aviation [Member]
Segment Reporting Information [Line Items]
Revenues	5,698		5,364		17,566		15,741
Segment profit	1,264		1,091		3,576		3,094
Percent Increase Decrease In Revenues	6.00%				12.00%
Percent increase decrease in Segment Profit	16.00%				16.00%
Healthcare [Member]
Segment Reporting Information [Line Items]
Revenues	4,485		4,304		13,166		13,083
Segment profit	727		665		2,027		1,986
Percent Increase Decrease In Revenues	4.00%				1.00%
Percent increase decrease in Segment Profit	9.00%				2.00%
Transportation [Member]
Segment Reporting Information [Line Items]
Revenues	1,540		1,406		4,073		4,425
Segment profit	342		306		814		886
Percent Increase Decrease In Revenues	10.00%				(8.00%)
Percent increase decrease in Segment Profit	12.00%				(8.00%)
Appliances And Lighting [Member]
Segment Reporting Information [Line Items]
Revenues	2,117		2,098		6,094		6,142
Segment profit	88		77		243		239
Percent Increase Decrease In Revenues	1.00%				(1.00%)
Percent increase decrease in Segment Profit	14.00%				2.00%
Industrial Segments [Member]
Segment Reporting Information [Line Items]
Revenues	26,625		25,813		78,082		73,655
Segment profit	4,331		3,965		11,776		10,740
Percent Increase Decrease In Revenues	3.00%				6.00%
Percent increase decrease in Segment Profit	9.00%				10.00%
GE Capital [Member]
Segment Reporting Information [Line Items]
Revenues	10,451		10,606		31,213		32,990
Segment profit	1,492		1,903		5,128		5,630
Percent Increase Decrease In Revenues	(1.00%)				(5.00%)
Percent increase decrease in Segment Profit	(22.00%)				(9.00%)
Total Segment Revenues [Member]
Segment Reporting Information [Line Items]
Revenues	37,076		36,419		109,295		106,645
Segment profit	5,823		5,868		16,904		16,370
Percent Increase Decrease In Revenues	2.00%				2.00%
Percent increase decrease in Segment Profit	(1.00%)				3.00%
Corporate Items And Eliminations [Member]
Segment Reporting Information [Line Items]
Percent Increase Decrease In Revenues	(19.00%)
Percent increase decrease in Segment Profit	19.00%				(11.00%)
Favorable Unfavorable Change In Revenues					U
Subsidiaries [Member]
Segment Reporting Information [Line Items]
Revenues	27,753	[1]	27,436	[1]	82,240	[2]	79,846	[2]
GE interest and other financial charges	(377)	[1]	(338)	[1]	(1,142)	[2]	(988)	[2]
GE provision for income taxes	(416)	[1]	(344)	[1]	(1,143)	[2]	(1,065)	[2]
Earnings from continuing operations attributable to GE common shareowners	3,480	[1]	3,282	[1]	10,053	[2]	10,186	[2]
Earnings (loss) from discontinued operations, net of taxes	(57)		91		28	[2]	(335)	[2]
Consolidated net earnings attributable to the Company	$ 3,537	[1]	$ 3,191	[1]	$ 10,081	[2]	$ 9,851	[2]

[1] 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.

[2] 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.

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Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

6. PROPERTY, PLANT AND EQUIPMENT

(In millions)	September 30, 2014		December 31, 2013
Original cost	$	112,580	$	116,470
Less accumulated depreciation and amortization		(47,120)		(47,643)
Property, plant and equipment – net	$	65,460	$	68,827

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Fair Value Measurements (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Fair Value Assets And Liabilities Measured On Recurring Basis
Investment securities (Note 3)	$ 47,016	$ 43,981
Cumulative Gain (Loss) Adjustment For Non Performance Risk	20	(7)
Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Fair Value Of Securities Transferred Between Level One And Level Two		2
US Corporate | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
US Corporate | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	20,315	18,788
US Corporate | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	3,117	2,953
US Corporate | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
US Corporate | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	23,432	21,741
State and municipal | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
State and municipal | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	5,032	4,193
State and municipal | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	572	96
State and municipal | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
State and municipal | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	5,604	4,289
Residential Mortgage Backed Securities | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Residential Mortgage Backed Securities | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	1,812	1,824
Residential Mortgage Backed Securities | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	16	86
Residential Mortgage Backed Securities | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Residential Mortgage Backed Securities | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	1,828	1,910
Commercial mortgage backed | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Commercial mortgage backed | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	3,124	3,025
Commercial mortgage backed | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	10	10
Commercial mortgage backed | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Commercial mortgage backed | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	3,134	3,035
Asset-backed | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Asset-backed | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	393	489
Asset-backed | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	7,267	6,898
Asset-backed | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Asset-backed | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	7,660	7,387
Corporate - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Fair Value Of Securities Transferred Between Level One And Level Two	17
Corporate - non-U.S. | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	61
Corporate - non-U.S. | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	711	645
Corporate - non-U.S. | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	1,003	1,064
Corporate - non-U.S. | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Corporate - non-U.S. | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	1,714	1,770
Government - non-U.S. | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Fair Value Of Securities Transferred Between Level One And Level Two	912
Government - non-U.S. | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	59	1,590
Government - non-U.S. | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	2,318	789
Government - non-U.S. | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	31
Government - non-U.S. | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Government - non-U.S. | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	2,377	2,410
U.S. Government and federal agency | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
U.S. Government and federal agency | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	368	545
U.S. Government and federal agency | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	264	225
U.S. Government and federal agency | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
U.S. Government and federal agency | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	632	770
Retained interest | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Retained interest | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Retained interest | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	27	72
Retained interest | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Retained interest | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	27	72
Available-for-sale Securities | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	431	475
Available-for-sale Securities | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	27	31
Available-for-sale Securities | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	9	11
Available-for-sale Securities | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Available-for-sale Securities | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	467	517
Trading | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	139	78
Trading | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	2	2
Trading | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Trading | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	0	0
Trading | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Investments, Fair Value Disclosure	141	80
Derivatives | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Derivative assets	0	0
Derivative liabilities	0	0
Derivatives | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Derivative assets	9,345	8,304
Derivative liabilities	4,215	5,409
Derivatives | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Derivative assets	137	175
Derivative liabilities	15	20
Derivatives | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Derivative assets	(7,186)	(6,739)
Derivative liabilities	(3,889)	(4,355)
Derivatives | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Derivative assets	2,296	1,740
Derivative liabilities	341	1,074
Other | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Other Assets	0	0
Other Liabilities	0	0
Other | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Other Assets	0	0
Other Liabilities	1,151	1,170
Other | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Other Assets	347	494
Other Liabilities	0	0
Other | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Other Assets	0	0
Other Liabilities	0	0
Other | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Other Assets	347	494
Other Liabilities	1,151	1,170
Total | Level 1 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Total Assets	629	2,204
Total Liabilities	0	0
Total | Level 2 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Total Assets	43,447	38,635
Total Liabilities	5,366	6,579
Total | Level 3 | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Total Assets	12,769	12,115
Total Liabilities	15	20
Total | Netting Adjustment | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Total Assets	(7,186)	(6,739)
Total Liabilities	(3,889)	(4,355)
Total | Net Balance | Recurring
Fair Value Assets And Liabilities Measured On Recurring Basis
Total Assets	49,659	46,215
Total Liabilities	$ 1,492	$ 2,244

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Shareowners' Equity (Changes In Accumulated Other Comprehensive Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Stockholders Equity Note
Investment Securities Beginning Balance			$ 307
Investment Securities Ending Balance	755		755
Currency Translation Adjustment Beginning Balance			126
Currency Translation Adjustment Ending Balance	(1,518)		(1,518)
Cash Flow Hedges Beginning Balance			(257)
Cash Flow Hedges Ending Balance	(121)		(121)
Benefit Plans Beginning Balance			9,296
Benefit Plans Ending Balance	7,226		7,226
Other comprehensive income, net of tax	(960)	610	1,009	2,346
Less Other comprehensive income (loss) attributable to noncontrolling interests	8	(10)	1	21
Accumulated Other Comprehensive Income (Loss), Net of Tax	(8,110)	(17,863)	(8,110)	(17,863)	(9,120)
Securities Investment
Stockholders Equity Note
Investment Securities Beginning Balance	1,040	146	307	677
Investment Securities Ending Balance	755	315	755	315
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(265)	155	484	(515)
Reclassification from OCI net of deferred taxes	(19)	15	(34)	153
Other comprehensive income, net of tax	(284)	170	450	(362)
Less Other comprehensive income (loss) attributable to noncontrolling interests	1	1	2	0
Stockholders Equity Note Parenthetical
OCI before reclassification tax	(146)	67	310	(302)
Reclassification from OCI	(15)	11	(19)	124
Currency Translation Adjustment
Stockholders Equity Note
Currency Translation Adjustment Beginning Balance	61	358	126	412
Currency Translation Adjustment Ending Balance	(1,518)	(36)	(1,518)	(36)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(1,575)	(327)	(1,674)	(313)
Reclassification from OCI net of deferred taxes	(15)	(56)	25	(156)
Other comprehensive income, net of tax	(1,590)	(383)	(1,649)	(469)
Less Other comprehensive income (loss) attributable to noncontrolling interests	(11)	11	(5)	(21)
Stockholders Equity Note Parenthetical
OCI before reclassification tax	198	(12)	314	(326)
Tax on Reclassification from OCI - Currency Translation Adjustment	1	7	124	85
Cash Flow Hedge
Stockholders Equity Note
Cash Flow Hedges Beginning Balance	(176)	(430)	(257)	(722)
Cash Flow Hedges Ending Balance	(121)	(370)	(121)	(370)
Other comprehensive income (OCI) before reclassifications - net of deferred taxes	(329)	63	(421)	271
Other comprehensive income, net of tax	55	58	136	351
Less Other comprehensive income (loss) attributable to noncontrolling interests	0	(2)	0	(1)
Stockholders Equity Note Parenthetical
OCI before reclassification tax	(44)	43	(5)	144
Reclassification from OCI net of deferred taxes - Cash Flow Hedge	384	(5)	557	80
Tax on Reclassification from OCI - Cash Flow Hedges	30	(20)	39	(85)
Pension Plan, Defined Benefit
Stockholders Equity Note
Benefit Plans Beginning Balance	(8,083)	(18,537)	(9,296)	(20,597)
Benefit Plans Ending Balance	(7,226)	(17,772)	(7,226)	(17,772)
Other Comprehensive Income Net Actuarial Gain Loss	(107)	9	59	548
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, Net of Tax	(374)	0	(374)	0
Other Comprehensive Income Net Amortization Of Net Actuarial Gain Loss	435	656	1,294	1,980
Other comprehensive income, net of tax	859	765	2,072	2,826
Less Other comprehensive income (loss) attributable to noncontrolling interests	2	0	2	1
Stockholders Equity Note Parenthetical
Prior service cost amortization - net of deferred taxes	85	100	273	298
Prior service cost amortization - tax	212	0	212	0
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax	62	68	192	201
Net curtailment/settlement - net of deferred taxes	72	0	72	0
Net curtailment/settlement - tax	41	0	41	0
Other Comprehensive Income Net Actuarial Gain Loss Tax	(58)	(7)	(26)	295
Other Comprehensive Income Net Amortization Of Net Actuarial Gain Loss Tax	$ 213	$ 334	$ 637	$ 1,008

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Financial Instruments (Cash flow hedges) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Cash Flow Hedges
Maximum term of hedged forecasted transactions			18 years	19 years
Cash Flow Hedge
Cash Flow Hedges
Gain (loss) recognized in AOCI	$ (310)	$ 35	$ (345)	$ 351
Gain (loss) reclassified from AOCI into earnings	(414)	25	(596)	5
Pre-tax gain (loss) included in AOCI related to cash flow hedges of forecasted transactions			81
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			(220)
Cash Flow Hedge | Interest Rate Contract
Cash Flow Hedges
Gain (loss) recognized in AOCI	9	(24)	0	(15)
Gain (loss) reclassified from AOCI into earnings	(53)	(88)	(182)	(282)
Cash Flow Hedge | Foreign Exchange Contract
Cash Flow Hedges
Gain (loss) recognized in AOCI	(318)	58	(343)	372
Gain (loss) reclassified from AOCI into earnings	(361)	114	(412)	290
Cash Flow Hedge | Commodity Contract
Cash Flow Hedges
Gain (loss) recognized in AOCI	(1)	1	(2)	(6)
Gain (loss) reclassified from AOCI into earnings	0	(1)	(2)	(3)
Net Investment Hedge | Foreign Exchange Contract
Cash Flow Hedges
Gain (loss) recognized in AOCI	2,792	645	2,194	3,162
Gain (loss) reclassified from AOCI into earnings	(24)	(169)	(14)	(278)
Gain (loss) on hedged items	(147)	(161)	(458)	(514)
Fair Value Hedges | Interest Rate Contract
Cash Flow Hedges
Gain (loss) on hedged items	(350)	410	(2,129)	4,236
Fair Value Hedges | Foreign Exchange Contract
Cash Flow Hedges
Gain (loss) on hedged items	$ 8	$ 3	$ 10	$ 10

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Investment Securities (Changes in Cumulative Credit Loss Impairments) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Changes in Cumulative Credit Loss Impairments Recognized on Debt Securities
Cumulative credit loss impairments recognized, beginning of period	$ 1,171	$ 945	$ 1,193	$ 588
Credit loss impairments recognized on securities not previously impaired	2	0	3	385
Incremental credit loss impairments recognized on securities previously impaired	3	42	34	61
Less: credit loss impairments previously recognized on securities sold during the period	(6)	(52)	(60)	(99)
Cumulative credit loss impairments recognized, end of period	$ 1,170	$ 935	$ 1,170	$ 935

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Shareowners' Equity (Parenthetical) (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Noncontrolling Interest
Common Stock, Shares Authorized	13,200,000,000		13,200,000,000
Common stock, par value per share	$ 0.06		$ 0.06
GECC
Noncontrolling Interest
Dividend Amount Paid By Finance Subsidiary To Parent	$ 472	$ 500	$ 1,555	$ 947
Special Dividend Paid By Finance Subsidiary To Parent	$ 333	$ 1,500	$ 666	$ 3,000

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Financial Instruments (Securities Repurchase and Reverse Repurchase Arrangements) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Financial Instruments [Line Items]
Securities For Repurchase Agreements	$ 175
Reverse Repurchase Agreements Maturities	90 days
Securities for Reverse Repurchase Agreements	$ 12,200

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Fair Value Measurements (Non-Recurring Fair Value Measurements) (Details) (USD $) In Millions, unless otherwise specified			3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2014 Level 3	Dec. 31, 2013 Level 3	Sep. 30, 2014 Nonrecurring Financing receivables and loans held for sale	Sep. 30, 2013 Nonrecurring Financing receivables and loans held for sale	Sep. 30, 2014 Nonrecurring Financing receivables and loans held for sale	Sep. 30, 2013 Nonrecurring Financing receivables and loans held for sale	Sep. 30, 2014 Nonrecurring Cost and equity method investments	Sep. 30, 2013 Nonrecurring Cost and equity method investments	Sep. 30, 2014 Nonrecurring Cost and equity method investments	Sep. 30, 2013 Nonrecurring Cost and equity method investments	Sep. 30, 2014 Nonrecurring Long Lived Assets, Including Real Estate	Sep. 30, 2013 Nonrecurring Long Lived Assets, Including Real Estate	Sep. 30, 2014 Nonrecurring Long Lived Assets, Including Real Estate	Sep. 30, 2013 Nonrecurring Long Lived Assets, Including Real Estate	Sep. 30, 2014 Nonrecurring Total	Sep. 30, 2013 Nonrecurring Total	Sep. 30, 2014 Nonrecurring Total	Sep. 30, 2013 Nonrecurring Total	Sep. 30, 2014 Nonrecurring Level 2 Financing receivables and loans held for sale	Dec. 31, 2013 Nonrecurring Level 2 Financing receivables and loans held for sale	Sep. 30, 2014 Nonrecurring Level 2 Cost and equity method investments	Dec. 31, 2013 Nonrecurring Level 2 Cost and equity method investments	Sep. 30, 2014 Nonrecurring Level 2 Long Lived Assets, Including Real Estate	Dec. 31, 2013 Nonrecurring Level 2 Long Lived Assets, Including Real Estate	Sep. 30, 2014 Nonrecurring Level 2 Total	Dec. 31, 2013 Nonrecurring Level 2 Total	Sep. 30, 2014 Nonrecurring Level 3 Financing receivables and loans held for sale	Dec. 31, 2013 Nonrecurring Level 3 Financing receivables and loans held for sale	Sep. 30, 2014 Nonrecurring Level 3 Cost and equity method investments	Dec. 31, 2013 Nonrecurring Level 3 Cost and equity method investments	Sep. 30, 2014 Nonrecurring Level 3 Long Lived Assets, Including Real Estate	Dec. 31, 2013 Nonrecurring Level 3 Long Lived Assets, Including Real Estate	Sep. 30, 2014 Nonrecurring Level 3 Total	Dec. 31, 2013 Nonrecurring Level 3 Total
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value assets measured on non recurring basis	$ 1,325	$ 1,460
Assets Fair Value Disclosure Nonrecurring																			97	210	260	0	452	2,050	809	2,260	1,971	2,986	437	690	1,024	1,088	3,432	4,764
Assets Fair Value Adjustment			$ (112)	$ (107)	$ (298)	$ (257)	$ (94)	$ (45)	$ (333)	$ (276)	$ (374)	$ (366)	$ (491)	$ (855)	$ (580)	$ (518)	$ (1,122)	$ (1,388)

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Financial Instruments (Fair value hedges) (Details) (Fair Value Hedges, USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Fair value hedges
Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge	$ (9)	$ (40)	$ (74)	$ (60)
Interest Rate Contract
Fair value hedges
Gain (loss) on derivatives	341	(449)	2,056	(4,295)
Gain (loss) on hedged items	(350)	410	(2,129)	4,236
Foreign Exchange Contract
Fair value hedges
Gain (loss) on derivatives	(8)	(4)	(11)	(11)
Gain (loss) on hedged items	$ 8	$ 3	$ 10	$ 10

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GECC Revenues from Services (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
GECC Revenue From Services [Line Items]
Total	$ 10,026	$ 10,146	$ 29,955	$ 31,740
GECC
GECC Revenue From Services [Line Items]
Interest On Loans	4,350	4,532	12,912	13,443
Equipment leased to others	2,417	2,435	7,514	7,397
Fees	1,177	1,195	3,412	3,485
Investment Income	617	514	1,785	1,502
Financing leases	345	395	1,075	1,220
Associated companies	211	406	884	852
Premiums earned by insurance activities	397	403	1,130	1,208
Real estate investments	358	331	1,058	2,139
Other items	551	362	1,354	1,654
Total	10,423	10,573	31,124	32,900
Net other-than-temporary impairments on investment securities	5	56	48	467
GECC | Brazilian Company
GECC Revenue From Services [Line Items]
Guarantee Provided By Parent Offset				96
GECC | Sale Of Rockefeller Center [Member]
GECC Revenue From Services [Line Items]
Gain on Sale of Investments			902
Gross Eliminations
GECC Revenue From Services [Line Items]
Total	$ (397)	$ (427)	$ (1,169)	$ (1,160)

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Postretirement Benefit Plans (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]
Disclosure of other pension plans includes pension plans with pension assets or obligations in excess of threshold amount	$ 50		$ 50
Defined Benefit Plan, Plan Amendments			586
Defined Benefit Plan Actuarial Gain Loss			290
Pension Plan, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	304	362	921	1,145
Prior service cost amortization	54	62	162	185
Expected return on plan assets	(792)	(875)	(2,393)	(2,625)
Interest cost on benefit obligation	687	615	2,060	1,845
Net actuarial (gain) loss amortization	642	916	1,925	2,748
Net curtailment / other gain	65	0	65	0
Pension plans cost	960	1,080	2,740	3,298
Other Pension Plan, Defined Benefit
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	91	130	310	330
Prior service cost amortization	1	2	4	6
Expected return on plan assets	(200)	(170)	(596)	(496)
Interest cost on benefit obligation	149	135	443	392
Net actuarial (gain) loss amortization	50	85	149	256
Pension plans cost	91	182	310	488
Principal Retiree Health and Life Insurance Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost for benefits earned	41	43	125	168
Prior service cost amortization	88	98	285	294
Expected return on plan assets	(12)	(15)	(37)	(45)
Interest cost on benefit obligation	106	101	326	309
Net actuarial (gain) loss amortization	(38)	(16)	(124)	(28)
Net curtailment / other gain	48	0	48	0
Pension plans cost	$ 233	$ 211	$ 623	$ 698

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Intercompany Transactions

9 Months Ended

Sep. 30, 2014

Intercompany Transactions [Abstract]

Intercompany Transactions

17. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate overhead costs.

These intercompany transactions are reported in the GE and GECC columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(2,782) million, $(797) million and, $3,579 million for the nine months ended September 30, 2014, respectively, and, $(2,426) million, $(1,555) million and, $4,075 million for the nine months ended September 30, 2013, respectively. Details of these eliminations are shown below.

	Nine months ended September 30
(In millions)	2014		2013
Cash from (used for) operating activities-continuing operations
Combined	$	18,892	$	19,636
GE customer receivables sold to GECC		43		918
GECC dividends to GE		(2,221)		(3,947)
Other reclassifications and eliminations		(604)		603
	$	16,110	$	17,210
Cash from (used for) investing activities-continuing operations
Combined	$	(891)	$	33,590
GE customer receivables sold to GECC		(948)		(900)
Other reclassifications and eliminations		151		(655)
	$	(1,688)	$	32,035
Cash from (used for) financing activities-continuing operations
Combined	$	(14,652)	$	(43,094)
GE customer receivables sold to GECC		905		(18)
GECC dividends to GE		2,221		3,947
Other reclassifications and eliminations		453		146
	$	(11,073)	$	(39,019)

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Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (GE Money Japan Narrative) (Details) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Sep. 30, 2014 USD ($)	Sep. 30, 2013 USD ($)	Sep. 30, 2014 GE Money Japan [Member] USD ($)	Sep. 30, 2013 GE Money Japan [Member] USD ($)	Sep. 30, 2012 GE Money Japan [Member] JPY (¥)	Sep. 30, 2014 GE Money Japan [Member] USD ($)	Sep. 30, 2013 GE Money Japan [Member] USD ($)	Dec. 31, 2013 GE Money Japan [Member] USD ($)	Feb. 26, 2014 GE Money Japan [Member] USD ($)	Feb. 26, 2014 GE Money Japan [Member] JPY (¥)
Financial Information For Discontinued Operations [Line Items]
Tax Credit Carryforward, Expiration Date								Dec. 31, 2017
Other Partial Tax Credit Carryforward Expiration Date								Dec. 31, 2019
Gain (loss) on disposal of discontinued operations	$ 0	$ 93	$ (15)	$ 307
Liability For Reimbursement Of Claims In Excess Of Statutory Interest Rate							258,000	3,000		1,836
Loss from discontinued operations, net of taxes	(57)	91	(28)	335	(62)	80		(59)	196
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	0	(108)	14	(390)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent			28	(335)
Buyout Payment To Extinguish Obligation Under Sale Agreement											$ 1,700	¥ 175,000

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Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Financial Instruments [Abstract]

Estimated fair value of assets and liabilities

	September 30, 2014						December 31, 2013
			Assets (liabilities)						Assets (liabilities)
			Carrying						Carrying
	Notional		amount		Estimated		Notional		amount		Estimated
(In millions)	amount		(net)		fair value		amount		(net)		fair value
GE
Assets
Investments and notes
receivable	$	(a)	$	447	$	477	$	(a)	$	488	$	512
Liabilities
Borrowings(b)		(a)		(16,586)		(17,405)		(a)		(13,356)		(13,707)
GECC
Assets
Loans		(a)		212,454		217,203		(a)		226,293		230,792
Other commercial mortgages		(a)		2,838		2,886		(a)		2,270		2,281
Loans held for sale		(a)		2,446		2,574		(a)		512		512
Other financial instruments(c)		(a)		812		1,224		(a)		1,622		2,203
Liabilities
Borrowings and bank
deposits(b)(d)		(a)		(358,457)		(374,185)		(a)		(371,062)		(386,823)
Investment contract benefits		(a)		(3,007)		(3,584)		(a)		(3,144)		(3,644)
Guaranteed investment contracts		(a)		(1,265)		(1,273)		(a)		(1,471)		(1,459)
Insurance – credit life(e)		2,057		(100)		(87)		2,149		(108)		(94)

(a)These financial instruments do not have notional amounts.

(b)See Note 8.

(c)Principally comprises cost method investments.

(d)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at September 30, 2014 and December 31, 2013 would have been reduced by $3,824 million and $2,284 million, respectively.

(e)Net of reinsurance of $964 million and $1,250 million at September 30, 2014 and December 31, 2013, respectively.

Loan commitments

Notional Amounts of Loan Commitments
(In millions)	September 30, 2014		December 31, 2013
Ordinary course of business lending commitments(a)	$	4,511	$	4,756
Unused revolving credit lines(b)
Commercial(c)		14,145		16,570
Consumer – principally credit cards		310,602		290,662

• Excluded investment commitments of $1,007 million and $1,395 million at September 30, 2014 and December 31, 2013, respectively.
• Excluded amounts related to inventory financing arrangements, which may be withdrawn at our option, of $15,972 million and $13,502 million at September 30, 2014 and December 31, 2013, respectively.
• Included amounts related to commitments of $9,797 million and $11,629 million at September 30, 2014 and December 31, 2013, respectively, associated with secured financing arrangements that could have increased to a maximum of $12,241 million and $14,590 million at September 30, 2014 and December 31, 2013, respectively, based on asset volume under the arrangement.

Fair value of derivatives by contract type

Fair Value of Derivatives
	September 30, 2014				December 31, 2013
(In millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	4,630	$	874	$	3,837	$	1,989
Currency exchange contracts		2,473		528		1,830		984
Other contracts		-		-		1		-
		7,103		1,402		5,668		2,973
Derivatives not accounted for as hedges
Interest rate contracts		256		139		270		169
Currency exchange contracts		1,888		2,644		2,257		2,245
Other contracts		235		45		284		42
		2,379		2,828		2,811		2,456
Gross derivatives recognized in statement of
financial position
Gross derivatives		9,482		4,230		8,479		5,429
Gross accrued interest		1,200		35		1,227		241
		10,682		4,265		9,706		5,670
Amounts offset in statement of financial position
Netting adjustments(a)		(3,586)		(3,606)		(4,120)		(4,113)
Cash collateral(b)		(3,600)		(283)		(2,619)		(242)
		(7,186)		(3,889)		(6,739)		(4,355)
Net derivatives recognized in statement of
financial position
Net derivatives		3,496		376		2,967		1,315
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(3,123)		-		(1,962)		-
Net amount	$	373	$	376	$	1,005	$	1,315

Derivatives are classified in all other assets and all other liabilities and the related accrued interest is classified in other GECC receivables and all other liabilities in our financial statements.

• The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At September 30, 2014 and December 31, 2013, the cumulative adjustment for non-performance risk was a gain (loss) of $20 million and $(7) million, respectively.
• Excluded excess cash collateral received and posted of $81 million and $93 million, and $160 million and $37 million at September 30, 2014 and December 31, 2013, respectively.
• Excluded excess securities collateral received of $110 million and $363 million at September 30, 2014 and December 31, 2013, respectively.

Fair value hedges

Earnings Effect of Fair Value Hedging Relationships
	Three months ended September 30
	2014				2013
	Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
	on hedging		on hedged		on hedging		on hedged
(In millions)	derivatives		items		derivatives		items
Interest rate contracts	$	341	$	(350)	$	(449)	$	410
Currency exchange contracts		(8)		8		(4)		3

	Nine months ended September 30
	2014				2013
	Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
	on hedging		on hedged		on hedging		on hedged
(In millions)	derivatives		items		derivatives		items
Interest rate contracts	$	2,056	$	(2,129)	$	(4,295)	$	4,236
Currency exchange contracts		(11)		10		(11)		10

Cash flow hedges

Gains (Losses) Recognized through AOCI
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended September 30				for the three months ended September 30
(In millions)	2014		2013		2014		2013
Interest rate contracts	$	9	$	(24)	$	(53)	$	(88)
Currency exchange contracts		(318)		58		(361)		114
Commodity contracts		(1)		1		-		(1)
Total(a)	$	(310)	$	35	$	(414)	$	25

(a)Gain (loss) is recorded in GECC revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the nine months ended September 30				for the nine months ended September 30
(In millions)	2014		2013		2014		2013
Interest rate contracts	$	-	$	(15)	$	(182)	$	(282)
Currency exchange contracts		(343)		372		(412)		290
Commodity contracts		(2)		(6)		(2)		(3)
Total(a)	$	(345)	$	351	$	(596)	$	5

(a) Gain (loss) is recorded in GECC revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

Net investment hedges

Gains (Losses) Recognized through CTA
	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the three months ended September 30				for the three months ended September 30
(In millions)	2014		2013		2014		2013
Currency exchange contracts(a)	$	2,792	$	645	$	(24)	$	(169)

(a)Gain (loss) is recorded in GECC revenues from services when reclassified out of AOCI.

	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the nine months ended September 30				for the nine months ended September 30
(In millions)	2014		2013		2014		2013
Currency exchange contracts(a)	$	2,194	$	3,162	$	(14)	$	(278)

(a) Gain (loss) is recorded in GECC revenues from services when reclassified out of AOCI.

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Shareowners' Equity (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Changes To Noncontrolling Interest
Beginning balance	$ 6,054	$ 6,302	$ 6,217	$ 5,444
Net earnings	(21)	(10)	(2)	140
GECC issuance of preferred stock	0	0	0	990
GECC preferred stock dividend	0	0	(161)	(135)
Dividends	(20)	(9)	(55)	(72)
Dispositions	(6)	(15)	(98)	(119)
Synchrony Financial	2,393	0	2,393	0
AOCI and other	113	85	219	105
Ending balance	$ 8,513	$ 6,353	$ 8,513	$ 6,353

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Impaired Loans) (Details) (GECC, USD $) In Millions, unless otherwise specified	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Impaired Loans
Total impaired loans	$ 8,209		$ 10,740
Allowance for losses (specific reserves)	700		969
No Related Allowance
Impaired Loans
Total impaired loans	4,815		5,500
Unpaid principal balance	7,603		8,461
Average investment during the period	5,463		6,455
Related Allowance
Impaired Loans
Total impaired loans	3,394		5,240
Unpaid principal balance	3,944		6,027
Allowance for losses (specific reserves)	700		969
Average investment during the period	4,292		5,892
Commercial
Impaired Loans
Total impaired loans	3,237		3,892
Allowance for losses (specific reserves)	189		328
Average investment during the period	3,721		4,445
Interest income recognized	139	173	218
Interest income recognized on a cash basis		53	60
Commercial | No Related Allowance
Impaired Loans
Total impaired loans	2,690		2,776
Unpaid principal balance	5,115		5,272
Average investment during the period	2,880		3,299
Commercial | Related Allowance
Impaired Loans
Total impaired loans	547		1,116
Unpaid principal balance	810		1,572
Allowance for losses (specific reserves)	189		328
Average investment during the period	841		1,146
Commercial | Energy Financial Services | No Related Allowance
Impaired Loans
Total impaired loans	57		0
Unpaid principal balance	58		0
Average investment during the period	19		0
Commercial | Energy Financial Services | Related Allowance
Impaired Loans
Total impaired loans	0		4
Unpaid principal balance	0		4
Allowance for losses (specific reserves)	0		1
Average investment during the period	26		2
Commercial | GECAS | No Related Allowance
Impaired Loans
Total impaired loans	61		0
Unpaid principal balance	61		0
Average investment during the period	27		0
Commercial | GECAS | Related Allowance
Impaired Loans
Total impaired loans	0		0
Unpaid principal balance	0		0
Allowance for losses (specific reserves)	0		0
Average investment during the period	19		1
Commercial | Other | No Related Allowance
Impaired Loans
Total impaired loans	0		2
Unpaid principal balance	0		3
Average investment during the period	1		9
Commercial | Other | Related Allowance
Impaired Loans
Total impaired loans	0		4
Unpaid principal balance	0		4
Allowance for losses (specific reserves)	0		0
Average investment during the period	1		5
Commercial | Americas CLL
Impaired Loans
Changes In Loans Modified As Troubled Debt Restructurings	428
Commercial | Americas CLL | Troubled Debt Restructuring
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	1,312		1,770
Commercial | Americas CLL | No Related Allowance
Impaired Loans
Total impaired loans	1,508		1,670
Unpaid principal balance	1,987		2,187
Average investment during the period	1,694		2,154
Commercial | Americas CLL | Related Allowance
Impaired Loans
Total impaired loans	235		417
Unpaid principal balance	365		505
Allowance for losses (specific reserves)	64		96
Average investment during the period	287		509
Commercial | International | No Related Allowance
Impaired Loans
Total impaired loans	1,064		1,104
Unpaid principal balance	3,009		3,082
Average investment during the period	1,139		1,136
Commercial | International | Related Allowance
Impaired Loans
Total impaired loans	312		691
Unpaid principal balance	445		1,059
Allowance for losses (specific reserves)	125		231
Average investment during the period	508		629
Commercial | CLL
Impaired Loans
Changes In Loans Modified As Troubled Debt Restructurings	777
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default	33	80
Commercial | CLL | Troubled Debt Restructuring
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	2,276		2,961
Commercial | CLL | No Related Allowance
Impaired Loans
Total impaired loans	2,572		2,774
Unpaid principal balance	4,996		5,269
Average investment during the period	2,833		3,290
Commercial | CLL | Related Allowance
Impaired Loans
Total impaired loans	547		1,108
Unpaid principal balance	810		1,564
Allowance for losses (specific reserves)	189		327
Average investment during the period	795		1,138
Commercial | CLL | Modifications Classified As TDRs In Last Twelve Months
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	1,133		1,808
Real Estate
Impaired Loans
Total impaired loans	2,472		3,860
Allowance for losses (specific reserves)	27		74
Average investment during the period	3,246		4,746
Interest income recognized	47	161	187
Interest income recognized on a cash basis		132	135
Changes In Loans Modified As Troubled Debt Restructurings	531
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default	311	282
Real Estate | Troubled Debt Restructuring
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	2,338		3,625
Real Estate | No Related Allowance
Impaired Loans
Total impaired loans	1,994		2,615
Unpaid principal balance	2,315		3,036
Average investment during the period	2,468		3,058
Real Estate | Related Allowance
Impaired Loans
Total impaired loans	478		1,245
Unpaid principal balance	631		1,507
Allowance for losses (specific reserves)	27		74
Average investment during the period	778		1,688
Real Estate | Modifications Classified As TDRs In Last Twelve Months
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	768	2,089
Consumer
Impaired Loans
Total impaired loans	2,500		2,988
Allowance for losses (specific reserves)	484		567
Average investment during the period	2,788		3,156
Interest income recognized	135	166	221
Interest income recognized on a cash basis	3	3	3
Changes In Loans Modified As Troubled Debt Restructurings	788
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default	95	215
Consumer | Troubled Debt Restructuring
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	2,428		2,874
Consumer | No Related Allowance
Impaired Loans
Total impaired loans	131		109
Unpaid principal balance	173		153
Average investment during the period	115		98
Consumer | Related Allowance
Impaired Loans
Total impaired loans	2,369		2,879
Unpaid principal balance	2,503		2,948
Allowance for losses (specific reserves)	484		567
Average investment during the period	2,673		3,058
Consumer | Modifications Classified As TDRs In Last Twelve Months
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	1,074		1,576
Consumer | Impaired Loans
Impaired Loans
Unpaid principal balance	2,676
Consumer | Consumer Other Portfolio [Member]
Impaired Loans
Allowance for losses (specific reserves)	17
Consumer | Consumer Other Portfolio [Member] | Related Allowance
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	134
Consumer | Remaining Consumer Business
Impaired Loans
Allowance for losses (specific reserves)	467
Consumer | Remaining Consumer Business | Related Allowance
Impaired Loans
Financing Receivable, Modifications, Recorded Investment	2,235
Consumer | Non US Consumer
Impaired Loans
Changes In Loans Modified As Troubled Debt Restructurings	442
Consumer | Credit Card Loans
Impaired Loans
Changes In Loans Modified As Troubled Debt Restructurings	$ 346

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Income Taxes (Tables)

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Unrecognized tax benefits

Unrecognized Tax Benefits
(In millions)	September 30, 2014		December 31, 2013
Unrecognized tax benefits	$	5,877	$	5,816
Portion that, if recognized, would reduce tax
expense and effective tax rate(a)		3,973		4,307
Accrued interest on unrecognized tax benefits		823		975
Accrued penalties on unrecognized tax benefits		100		164
Reasonably possible reduction to the balance of
unrecognized tax benefits in succeeding 12 months		0-650		0-900
Portion that, if recognized, would reduce tax
expense and effective tax rate(a)		0-100		0-350

(a) Some portion of such reduction may be reported as discontinued operations.

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Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Rollforward of the Reserve) (Details) (WMC Discontinued Operations [Member], USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 10, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
WMC Discontinued Operations [Member]
Roll Forward Of Reserve And Pending Claims [Abstract]
Reserve, beginning of period	$ 588	$ 549	$ 787	$ 800	$ 633	$ 633
Provision		40	18	142	172
Claim resolutions		(1)	(5)	(354)	(5)
Reserve, end of period		588	800	588	800	800
Pending claims, beginning of period	3,694			5,643
New claims	864			8,266		6,780
Pending claims, end of period		3,694		3,694		5,643
Claims Relating To Alleged Breaches Of Representations That Are Beyond Applicable Statute Of Llimitations		$ 1,156		$ 1,156

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Goodwill and other Intangible Assets (Other Intangible Assets, Net) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets subject to amortization	$ 14,249	$ 14,150
Indefinite-lived intangible assets	108	160
Total	$ 14,357	$ 14,310

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GECC Financing Receivables and Allowance for Losses on Financing Receivables (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable
Financing receivables, net	$ 226,553	$ 241,940
GECC
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	242,575	258,207
Less allowance for losses	(5,170)	(5,178)	(5,084)	(4,944)
Financing receivables, net	237,405	253,029
Loans that have been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables	372	544
GECC | Loans and Finance Receivables
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	217,444	231,268
GECC | Financing Receivable
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	$ 25,131	$ 26,939

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Summary of Significant Accounting Policies (Details) (USD $) In Millions, except Share data, unless otherwise specified		3 Months Ended	0 Months Ended
	Dec. 31, 2013	Sep. 30, 2014 Synchrony Financial	Aug. 05, 2014 Synchrony Financial IPO [Member]	Sep. 03, 2014 Synchrony Financial Over Allotment Option [Member]
Synchrony Financial Initial Public Offering
Sale of Stock, Number Of Shares Issued In Transaction			125,000,000	3,500,000
Sale of Stock, Price Per Share			$ 23
Sale of Stock, Consideration Received on Transaction		$ 2,842
Sale of Stock, Percentage of Ownership after Transaction		85.00%
Proceeds From Issuance Of Unsecured Debt		8,000
Unsecured Long-Term Debt, Noncurrent		3,593
Debt Conversion Original Debt Due Date Of Debt Year		2019
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward	$ 1,224

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Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2014

Summary of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

Notes to Condensed, Consolidated Financial Statements (Unaudited)

1. Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed, consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (2013 consolidated financial statements), which discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), whose continuing operations are presented on a one-line basis; GECC consists of General Electric Capital Corporation and all of its affiliates; and “Consolidated” represents the adding together of GE and GECC with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as “revenues” throughout Item 1 of this Form 10-Q.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the condensed, consolidated financial statements relates to continuing operations.

Interim Period Presentation

The condensed, consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed, consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these condensed, consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2013 consolidated financial statements. We label our quarterly information using a calendar convention, that is, first quarter is labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30. It is our longstanding practice to establish interim quarterly closing dates using a fiscal calendar, which requires our businesses to close their books on either a Saturday or Sunday, depending on the business. The effects of this practice are modest and only exist within a reporting year. The fiscal closing calendar for 2014 is available on our website, www.ge.com/secreports.

Synchrony Financial Initial Public Offering

On August 5, 2014, we completed the initial public offering (IPO) of our North American Retail Finance business, Synchrony Financial, as a first step in a planned, staged exit from that business. Synchrony Financial closed the IPO of 125 million shares of common stock at a price to the public of $23.00 per share and on September 3, 2014, Synchrony Financial issued an additional 3.5 million shares of common stock pursuant to an option granted to the underwriters in the IPO (Underwriters’ Option). We received net proceeds from the IPO and the Underwriters’ Option of $2,842 million, which remain at Synchrony Financial. Following the closing of the IPO and the Underwriters’ Option, we currently own approximately 85% of Synchrony Financial and as a result, GECC will continue to consolidate the business. In addition, in August 2014, Synchrony Financial completed issuances of $3,593 million of senior unsecured debt with maturities up to 10 years and $8,000 million of unsecured term loans maturing in 2019 under the New Bank Term Loan Facility with third party lenders.

Summary of Significant Accounting Policies

See the Notes in our 2013 consolidated financial statements for a summary of our significant accounting policies.

Accounting Changes

On January 1, 2014, we adopted Accounting Standards Update (ASU) 2013-05, Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. Under the revised guidance, the entire amount of the cumulative translation adjustment associated with the foreign entity will be released into earnings in the following circumstances: (a) the sale of a subsidiary or group of net assets within a foreign entity that represents a complete or substantially complete liquidation of that entity, (b) the loss of a controlling financial interest in an investment in a foreign entity, or (c) when the accounting for an investment in a foreign entity changes from the equity method to full consolidation. The revised guidance applies prospectively to transactions or events occurring on or after January 1, 2014.

On January 1, 2014, we adopted ASU 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. Under the new guidance, an unrecognized tax benefit is required to be presented as a reduction to a deferred tax asset if the disallowance of the tax position would reduce the available tax loss or tax credit carryforward instead of resulting in a cash tax liability. The ASU applies prospectively to all unrecognized tax benefits that exist as of the adoption date and reduced both deferred tax assets and income tax liabilities by $1,224 million as of January 1, 2014.

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GECC Financing Receivables and Allowance for Losses on Financing Receivables (Net Investment in Financing Leases) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable
Financing receivables - net (Note 5 and 18)	$ 226,553	$ 241,940
GECC
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	242,575	258,207
Less allowance for losses	(5,170)	(5,178)	(5,084)	(4,944)
Financing receivables - net (Note 5 and 18)	237,405	253,029
GECC | Commercial
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	121,520	129,269
Less allowance for losses	(826)	(1,005)	(910)	(1,041)
GECC | Commercial | Americas CLL
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	66,871	69,036
Less allowance for losses	(426)	(473)	(470)	(496)
GECC | Commercial | International
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	43,268	47,431
Less allowance for losses	(379)	(505)	(417)	(525)
GECC | Commercial | CLL
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	110,139	116,467
Less allowance for losses	(805)	(978)	(887)	(1,021)
GECC | Commercial | Energy Financial Services
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	2,798	3,107
Less allowance for losses	(6)	(8)	(11)	(9)
GECC | Commercial | GECAS
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	8,449	9,377
Less allowance for losses	(15)	(17)	(10)	(8)
GECC | Commercial | Other
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	134	318
Less allowance for losses	0	(2)	(2)	(3)
GECC | Real Estate
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	19,799	19,899
Less allowance for losses	(154)	(192)	(170)	(320)
GECC | Consumer
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	101,256	109,039
Less allowance for losses	(4,190)	(3,981)	(4,004)	(3,583)
GECC | Consumer | Non US residential mortgages
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	27,674	30,501
Less allowance for losses	(439)	(358)	(440)	(480)
GECC | Consumer | Non US installment and revolving credit
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	10,098	13,677
Less allowance for losses	(445)	(594)	(593)	(582)
GECC | Consumer | US installment and revolving credit
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	55,258	55,854
Less allowance for losses	(3,053)	(2,823)	(2,721)	(2,282)
GECC | Consumer | Non US auto
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	1,588	2,054
Less allowance for losses	(147)	(56)	(67)	(67)
GECC | Consumer | Consumer Other Financing Receivable
Accounts, Notes, Loans and Financing Receivable
Loans and Leases Receivable, Net of Deferred Income	6,638	6,953
Less allowance for losses	$ (106)	$ (150)	$ (183)	$ (172)

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Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2014

Variable Interest Entities [Abstract]

Schedule of VIE

Assets and Liabilities of Consolidated VIEs
			Consolidated Securitization Entities
									Trade
(In millions)	Trinity(a)		Credit cards		(b)	Equipment		(b)	receivables		Other		Total
September 30, 2014
Assets(c)
Financing receivables, net	$	-	$	25,043		$	12,849		$	3,044	$	2,754	$	43,690
Investment securities		2,451		-			-			-		1,049		3,500
Other assets		108		999	(d)		771			1		2,865		4,744
Total	$	2,559	$	26,042		$	13,620		$	3,045	$	6,668	$	51,934
Liabilities(c)
Borrowings	$	-	$	-		$	-		$	-	$	547	$	547
Non-recourse borrowings		-		15,091			10,763			2,479		447		28,780
Other liabilities		1,285		331			596			21		1,498		3,731
Total	$	1,285	$	15,422		$	11,359		$	2,500	$	2,492	$	33,058
December 31, 2013
Assets(c)
Financing receivables, net	$	-	$	24,766		$	12,928		$	2,509	$	2,044	$	42,247
Investment securities		2,786		-			-			-		1,044		3,830
Other assets		213		20			557			-		2,430		3,220
Total	$	2,999	$	24,786		$	13,485		$	2,509	$	5,518	$	49,297
Liabilities(c)
Borrowings	$	-	$	-		$	-		$	-	$	598	$	598
Non-recourse borrowings		-		15,363			10,982			2,180		49		28,574
Other liabilities		1,482		228			248			25		1,351		3,334
Total	$	1,482	$	15,591		$	11,230		$	2,205	$	1,998	$	32,506

• Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $1,490 million and $1,837 million at September 30, 2014 and December 31, 2013, respectively.
• We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At September 30, 2014 and December 31, 2013, the amounts of commingled cash owed to the CSEs were $3,040 million and $6,314million, respectively, and the amounts owed to us by CSEs were $2,918 million and $5,540million, respectively.
• Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC as servicer, which are eliminated in consolidation. Such receivables provide the cash to repay the entities’ liabilities. If these intercompany receivables were included in the table above, assets would be higher. In addition, other assets, borrowings and other liabilities exclude intercompany balances that are eliminated in consolidation.
• Includes receivables required to be classified as held-for-sale following third-party notice to terminate a private label credit card program and purchase the program receivables.

Unconsolidated VIE

Investments in Unconsolidated VIEs
(In millions)	September 30, 2014		December 31, 2013
Other assets and investment securities	$	9,570	$	9,129
Financing receivables – net		2,930		3,346
Total investments		12,500		12,475
Contractual obligations to fund investments or guarantees		2,536		2,741
Revolving lines of credit		164		31
Total	$	15,200	$	15,247

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

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Businesses held for sale

Financial Information for Assets and Liabilities of Businesses Held for Sale
(In millions)	September 30, 2014		December 31, 2013
Assets
Cash and equivalents	$	105	$	5
Inventories		696		-
Financing receivables – net		2,684		-
Property, plant, and equipment – net		915		-
Goodwill		590		24
Intangible assets – net		120		2
Other		667		19
Assets of businesses held for sale	$	5,777	$	50
Liabilities
Accounts payable	$	480	$	1
Other current liabilities		300		-
Bank deposits		757		-
Other		184		5
Liabilities of businesses held for sale	$	1,721	$	6

Financial Information For Discontinued Operations [Line Items]

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

Rollforward of the Reserve
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Balance, beginning of period	$	549	$	787	$	800	$	633
Provision		40		18		142		172
Claim resolutions / rescissions		(1)		(5)		(354)		(5)
Balance, end of period	$	588	$	800	$	588	$	800

Financial Information for WMC
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	(35)	$	(13)	$	(70)	$	(167)
Earnings (loss) from discontinued operations,
net of taxes	$	(25)	$	(11)	$	(57)	$	(116)

Financial Information for Consumer Russia
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	-	$	64	$	24	$	195
Gain (loss) on disposal, net of taxes	$	-	$	-	$	4	$	-
Earnings (loss) from discontinued operations,
net of taxes	$	(1)	$	(9)	$	(1)	$	(22)

Financial Information for CLL Trailer Services
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	-	$	91	$	1	$	274
Gain (loss) on disposal, net of taxes	$	-	$	(21)	$	12	$	(118)
Earnings (loss) from discontinued operations,
net of taxes	$	23	$	(9)	$	34	$	(19)

Financial Information

Financial Information for Discontinued Operations
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Operations
Total revenues and other income (loss)	$	(34)	$	143	$	(45)	$	304
Earnings (loss) from discontinued operations
before income taxes	$	(46)	$	(10)	$	(115)	$	(186)
Benefit (provision) for income taxes		103		12		128		158
Earnings (loss) from discontinued operations,
net of taxes	$	57	$	2	$	13	$	(28)
Disposal
Gain (loss) on disposal before income taxes	$	-	$	(108)	$	14	$	(390)
Benefit (provision) for income taxes		-		15		1		83
Gain (loss) on disposal, net of taxes	$	-	$	(93)	$	15	$	(307)
Earnings (loss) from discontinued operations,
net of taxes(a)	$	57	$	(91)	$	28	$	(335)

(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.

(In millions)	September 30, 2014		December 31, 2013
Assets
Cash and equivalents	$	130	$	232
Financing receivables – net		1		711
Other		1,199		1,396
Assets of discontinued operations	$	1,330	$	2,339
Liabilities
Deferred income taxes	$	229	$	248
Other		923		3,685
Liabilities of discontinued operations	$	1,152	$	3,933

Financial Information for GE Money Japan
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Earnings (loss) from discontinued operations,
net of taxes	$	62	$	(80)	$	59	$	(196)

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Summary of Operating Segments (Tables)

9 Months Ended

Sep. 30, 2014

Summary of Operating Segments [Abstract]

Summary of operating segments

	Three months ended September 30						Nine months ended September 30
(Dollars in millions)	2014		2013		V	%	2014		2013		V	%
Revenues
Power & Water	$	6,375	$	6,498	(2)	%	$	18,176	$	17,038	7	%
Oil & Gas		4,597		4,315	7	%		13,666		11,669	17	%
Energy Management		1,813		1,828	(1)	%		5,341		5,557	(4)	%
Aviation		5,698		5,364	6	%		17,566		15,741	12	%
Healthcare		4,485		4,304	4	%		13,166		13,083	1	%
Transportation		1,540		1,406	10	%		4,073		4,425	(8)	%
Appliances & Lighting		2,117		2,098	1	%		6,094		6,142	(1)	%
Total industrial segment revenues		26,625		25,813	3	%		78,082		73,655	6	%
GE Capital		10,451		10,606	(1)	%		31,213		32,990	(5)	%
Total segment revenues		37,076		36,419	2	%		109,295		106,645	2	%
Corporate items and eliminations		(902)		(758)	(19)	%		(2,710)		(982)	U	%
Consolidated revenues and other income	$	36,174	$	35,661	1	%	$	106,585	$	105,663	1	%
Segment profit
Power & Water	$	1,191	$	1,289	(8)	%	$	3,212	$	3,095	4	%
Oil & Gas		660		519	27	%		1,771		1,376	29	%
Energy Management		59		18	F			133		64	F
Aviation		1,264		1,091	16	%		3,576		3,094	16	%
Healthcare		727		665	9	%		2,027		1,986	2	%
Transportation		342		306	12	%		814		886	(8)	%
Appliances & Lighting		88		77	14	%		243		239	2	%
Total industrial segment profit		4,331		3,965	9	%		11,776		10,740	10	%
GE Capital		1,492		1,903	(22)	%		5,128		5,630	(9)	%
Total segment profit		5,823		5,868	(1)	%		16,904		16,370	3	%
Corporate items and eliminations		(1,550)		(1,904)	19	%		(4,566)		(4,131)	(11)	%
GE interest and other financial charges		(377)		(338)	(12)	%		(1,142)		(988)	(16)	%
GE provision for income taxes		(416)		(344)	(21)	%		(1,143)		(1,065)	(7)	%
Earnings from continuing operations
attributable to the Company		3,480		3,282	6	%		10,053		10,186	(1)	%
Earnings (loss) from discontinued operations,
net of taxes		57		(91)	F			28		(335)	F
Consolidated net earnings attributable to
the Company	$	3,537	$	3,191	11	%	$	10,081	$	9,851	2	%

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Investment Securities (Impairments) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Pre-tax, Other-Than-Temporary Impairments on Investment Securities
Total pre tax, OTTI recognized	$ 5	$ 62	$ 52	$ 523
Less: pre-tax, OTTI recognized in AOCI	0	(6)	(4)	(36)
Pre-tax, OTTI recognized in earnings	5	56	48	487
Other Than Temporary Impairment Related To Equity Securities		$ 13	$ 3	$ 14

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Intercompany Transactions (Tables)

9 Months Ended

Sep. 30, 2014

Intercompany Transactions [Abstract]

Intercompany Transactions

	Nine months ended September 30
(In millions)	2014		2013
Cash from (used for) operating activities-continuing operations
Combined	$	18,892	$	19,636
GE customer receivables sold to GECC		43		918
GECC dividends to GE		(2,221)		(3,947)
Other reclassifications and eliminations		(604)		603
	$	16,110	$	17,210
Cash from (used for) investing activities-continuing operations
Combined	$	(891)	$	33,590
GE customer receivables sold to GECC		(948)		(900)
Other reclassifications and eliminations		151		(655)
	$	(1,688)	$	32,035
Cash from (used for) financing activities-continuing operations
Combined	$	(14,652)	$	(43,094)
GE customer receivables sold to GECC		905		(18)
GECC dividends to GE		2,221		3,947
Other reclassifications and eliminations		453		146
	$	(11,073)	$	(39,019)

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Investment Securities (Tables)

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Investments

	September 30, 2014								December 31, 2013
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
GE
Debt
U.S. corporate	$	5	$	2	$	-	$	7	$	21	$	14	$	-	$	35
Corporate – non-U.S.		14		-		-		14		13		-		(1)		12
Equity
Available-for-sale		305		4		(131)		178		302		9		(41)		270
Trading		119		-		-		119		6		-		-		6
		443		6		(131)		318		342		23		(42)		323
GECC
Debt
U.S. corporate		20,000		3,524		(99)		23,425		19,600		2,323		(217)		21,706
State and municipal		5,176		517		(89)		5,604		4,245		235		(191)		4,289
Residential mortgage-backed(a)		1,698		155		(25)		1,828		1,819		139		(48)		1,910
Commercial mortgage-backed		2,993		181		(40)		3,134		2,929		188		(82)		3,035
Asset-backed		7,767		12		(119)		7,660		7,373		60		(46)		7,387
Corporate – non-U.S.		1,569		175		(44)		1,700		1,741		103		(86)		1,758
Government – non-U.S.		2,250		129		(2)		2,377		2,336		81		(7)		2,410
U.S. government and federal
agency		579		53		-		632		752		45		(27)		770
Retained interests		25		2		-		27		64		8		-		72
Equity
Available-for-sale		251		51		(10)		292		203		51		(3)		251
Trading		22		-		-		22		74		-		-		74
		42,330		4,799		(428)		46,701		41,136		3,233		(707)		43,662
Eliminations		(3)		-		-		(3)		(4)		-		-		(4)
Total	$	42,770	$	4,805	$	(559)	$	47,016	$	41,474	$	3,256	$	(749)	$	43,981

(a)Substantially collateralized by U.S. mortgages. At September 30, 2014, $1,218 million related to securities issued by government-sponsored entities and $610 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions

Schedule of investments, by type and length in continuous loss position

Estimated Fair Value and Gross Unrealized Losses of Available-for-Sale Investment Securities
	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)
September 30, 2014
Debt
U.S. corporate	$	647	$	(8)	$	1,433	$	(91)
State and municipal		134		(2)		649		(87)
Residential mortgage-backed		96		(1)		436		(24)
Commercial mortgage-backed		126		(1)		853		(39)
Asset-backed		7,172		(86)		274		(33)
Corporate – non-U.S.		29		-		317		(44)
Government – non-U.S.		880		(2)		2		-
U.S. government and federal agency		-		-		7		-
Retained interests		-		-		-		-
Equity		235		(141)		-		-
Total	$	9,319	$	(241)	$	3,971	$	(318)	(c)
December 31, 2013
Debt
U.S. corporate	$	2,170	$	(122)	$	598	$	(95)
State and municipal		1,076		(82)		367		(109)
Residential mortgage-backed		232		(11)		430		(37)
Commercial mortgage-backed		396		(24)		780		(58)
Asset-backed		112		(2)		359		(44)
Corporate – non-U.S.		108		(4)		454		(83)
Government – non-U.S.		1,479		(6)		42		(1)
U.S. government and federal agency		229		(27)		254		-
Retained interests		2		-		-		-
Equity		253		(44)		-		-
Total	$	6,057	$	(322)	$	3,284	$	(427)

(a) Includes the estimated fair value of and gross unrealized losses on Corporate-non-U.S. and Equity securities held by GE. At September 30, 2014, the estimated fair value of and gross unrealized losses on Equity securities were $149 million and $(131)million, respectively. At December 31, 2013, the estimated fair value of and gross unrealized losses on Corporate-non-U.S. securities were $12 million and $(1)million, respectively. The estimated fair value of and gross unrealized losses on Equity securities were $222 million and $(41) million, respectively.

(b) Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of $(55) million at September 30, 2014.

(c)The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at September 30, 2014.

Pre Tax Other Than Temporary Impairments On Investment Securities [TableTextBlock]

Pre-tax, Other-Than-Temporary Impairments on Investment Securities
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Total pre-tax, OTTI recognized	$	5	$	62	$	52	$	523
Less pre-tax, OTTI recognized in AOCI		-		(6)		(4)		(36)
Pre-tax, OTTI recognized in earnings(a)	$	5	$	56	$	48	$	487

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of an insignificant amountand $13 million in the three months ended September 30, 2014 and 2013, respectively, and $3million and $14 million in the nine months ended September 30, 2014 and 2013, respectively

Other than Temporary Impairment, Credit Losses Recognized in Earnings [Table Text Block]

Changes in Cumulative Credit Loss Impairments Recognized on Debt Securities Still Held
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Cumulative credit loss impairments recognized,
beginning of period	$	1,171	$	945	$	1,193	$	588
Credit loss impairments recognized on securities
not previously impaired		2		-		3		385
Incremental credit loss impairments recognized
on securities previously impaired		3		42		34		61
Less credit loss impairments previously
recognized on securities sold during the period		6		52		60		99
Cumulative credit loss impairments recognized,
end of period	$	1,170	$	935	$	1,170	$	935

Schedule of contractual maturities

Contractual Maturities of Investment in Available-for-Sale Debt Securities
(Excluding Mortgage-Backed and Asset-Backed Securities)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	1,850	$	1,857
After one year through five years		3,807		4,150
After five years through ten years		5,294		5,626
After ten years		18,642		22,126

Supplemental gross realized gains losses on available-for-sale investment securities

Gross Realized Gains and Losses on Available-for-Sale Investment Securities
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
GE
Gains	$	-	$	-	$	2	$	1
Losses, including impairments		-		-		-		(20)
Net		-		-		2		(19)
GECC
Gains		42		34		104		219
Losses, including impairments		(8)		(60)		(53)		(477)
Net		34		(26)		51		(258)
Total	$	34	$	(26)	$	53	$	(277)

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Inventories (Tables)

9 Months Ended

Sep. 30, 2014

Inventory, Net [Abstract]

Inventories

(In millions)	September 30, 2014		December 31, 2013
Raw materials and work in process	$	10,593	$	10,220
Finished goods		8,084		6,794
Unbilled shipments		878		584
		19,555		17,598
Less revaluation to LIFO		(124)		(273)
Total	$	19,431	$	17,325

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Summary of Operating Segments (Unaudited)

9 Months Ended

Sep. 30, 2014

Summary of Operating Segments [Abstract]

Summary of Operating Segments

Summary of Operating Segments(Unaudited)

	Three months ended September 30						Nine months ended September 30
(Dollars in millions)	2014		2013		V	%	2014		2013		V	%
Revenues
Power & Water	$	6,375	$	6,498	(2)	%	$	18,176	$	17,038	7	%
Oil & Gas		4,597		4,315	7	%		13,666		11,669	17	%
Energy Management		1,813		1,828	(1)	%		5,341		5,557	(4)	%
Aviation		5,698		5,364	6	%		17,566		15,741	12	%
Healthcare		4,485		4,304	4	%		13,166		13,083	1	%
Transportation		1,540		1,406	10	%		4,073		4,425	(8)	%
Appliances & Lighting		2,117		2,098	1	%		6,094		6,142	(1)	%
Total industrial segment revenues		26,625		25,813	3	%		78,082		73,655	6	%
GE Capital		10,451		10,606	(1)	%		31,213		32,990	(5)	%
Total segment revenues		37,076		36,419	2	%		109,295		106,645	2	%
Corporate items and eliminations		(902)		(758)	(19)	%		(2,710)		(982)	U	%
Consolidated revenues and other income	$	36,174	$	35,661	1	%	$	106,585	$	105,663	1	%
Segment profit
Power & Water	$	1,191	$	1,289	(8)	%	$	3,212	$	3,095	4	%
Oil & Gas		660		519	27	%		1,771		1,376	29	%
Energy Management		59		18	F			133		64	F
Aviation		1,264		1,091	16	%		3,576		3,094	16	%
Healthcare		727		665	9	%		2,027		1,986	2	%
Transportation		342		306	12	%		814		886	(8)	%
Appliances & Lighting		88		77	14	%		243		239	2	%
Total industrial segment profit		4,331		3,965	9	%		11,776		10,740	10	%
GE Capital		1,492		1,903	(22)	%		5,128		5,630	(9)	%
Total segment profit		5,823		5,868	(1)	%		16,904		16,370	3	%
Corporate items and eliminations		(1,550)		(1,904)	19	%		(4,566)		(4,131)	(11)	%
GE interest and other financial charges		(377)		(338)	(12)	%		(1,142)		(988)	(16)	%
GE provision for income taxes		(416)		(344)	(21)	%		(1,143)		(1,065)	(7)	%
Earnings from continuing operations
attributable to the Company		3,480		3,282	6	%		10,053		10,186	(1)	%
Earnings (loss) from discontinued operations,
net of taxes		57		(91)	F			28		(335)	F
Consolidated net earnings attributable to
the Company	$	3,537	$	3,191	11	%	$	10,081	$	9,851	2	%

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GECC Financing Receivables and Allowance for Losses on Financing Receivables (Tables)

9 Months Ended

Sep. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]

GECC financing receivables

(In millions)	September 30, 2014		December 31, 2013
Loans, net of deferred income	$	217,444	$	231,268
Investment in financing leases, net of deferred income		25,131		26,939
		242,575		258,207
Allowance for losses		(5,170)		(5,178)
Financing receivables – net(a)	$	237,405	$	253,029

Financing Receivables by Portfolio and Allowance for Losses

(In millions)	September 30, 2014		December 31, 2013
Commercial
CLL
Americas	$	66,871	$	69,036
International		43,268		47,431
Total CLL		110,139		116,467
Energy Financial Services		2,798		3,107
GE Capital Aviation Services (GECAS)		8,449		9,377
Other		134		318
Total Commercial		121,520		129,269
Real Estate		19,799		19,899
Consumer
Non-U.S. residential mortgages		27,674		30,501
Non-U.S. installment and revolving credit		10,098		13,677
U.S. installment and revolving credit		55,258		55,854
Non-U.S. auto		1,588		2,054
Other		6,638		6,953
Total Consumer		101,256		109,039
Total financing receivables		242,575		258,207
Allowance for losses		(5,170)		(5,178)
Total financing receivables – net	$	237,405	$	253,029

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Fair Value Measurements (Parenthetical) (Details) (Level 3, USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Level 3
Fair Value Assets Measured On Non Recurring Basis	$ 1,325	$ 1,460

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Earnings Per Share Information (Tables)

3 Months Ended

9 Months Ended

Sep. 30, 2014

Sep. 30, 2014

Earnings Per Share [Abstract]

Calculation of earnings per share

(a) Included an insignificant amount of dividend equivalents in each of the periods presented.

(b) Included in the three months ended September 30, 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

	Three months ended September 30
	2014				2013
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	3,475	$	3,475	$	3,268	$	3,278
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		57		57		(101)		(91)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	3,532	$	3,532	$	3,177	$	3,187
Average equivalent shares
Shares of GE common stock outstanding		10,039		10,039		10,151		10,151
Employee compensation-related shares (including
stock options) and warrants		80		-		72		-
Total average equivalent shares		10,119		10,039		10,223		10,151
Per-share amounts
Earnings from continuing operations	$	0.34	$	0.35	$	0.32	$	0.32
Earnings (loss) from discontinued operations		0.01		0.01		(0.01)		(0.01)
Net earnings		0.35		0.35		0.31		0.31

	Nine months ended September 30
	2014				2013
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	10,039	$	10,039	$	10,172	$	10,172
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		29		29		(334)		(334)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	10,068	$	10,067	$	9,838	$	9,838
Average equivalent shares
Shares of GE common stock outstanding		10,042		10,042		10,262		10,262
Employee compensation-related shares (including
stock options) and warrants		79		-		65		-
Total average equivalent shares		10,121		10,042		10,328		10,262
Per-share amounts
Earnings from continuing operations	$	0.99	$	1.00	$	0.98	$	0.99
Earnings (loss) from discontinued operations		-		-		(0.03)		(0.03)
Net earnings		0.99		1.00		0.95		0.96

• Included an insignificant amount of dividend equivalents in each of the periods presented.
• Included in the nine months ended September 30, 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

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Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Other Financial Services and Industrial) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended			9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Trailer Services [Member]	Sep. 30, 2013 Trailer Services [Member]	Sep. 30, 2014 Trailer Services [Member]	Sep. 30, 2013 Trailer Services [Member]	Dec. 31, 2013 Trailer Services [Member]	Sep. 30, 2014 Consumer Russia [Member]	Mar. 31, 2014 Consumer Russia [Member]	Sep. 30, 2013 Consumer Russia [Member]	Sep. 30, 2014 Consumer Russia [Member]	Sep. 30, 2013 Consumer Russia [Member]	Dec. 31, 2013 Consumer Russia [Member]
Financial Information For Discontinued Operations [Line Items]
Revenues from discontinued operations	$ (34)	$ 143	$ (45)	$ 304	$ 0	$ 91	$ 1	$ 274		$ 0		$ 64	$ 24	$ 195
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent			28	(335)	23	(9)	34	(19)		(1)		(9)	(1)	(22)
Gain (loss) on disposal of discontinued operations	0	(93)	15	(307)	0	(21)	12	(118)		0		0	4	0
Proceeds from Divestiture of Businesses, Net of Cash Divested			232	0					528		232
Benefit (provision) for income taxes	(463)	(348)	(1,172)	(1,166)
Loss On Sale Of Business Net Of Tax															$ 170

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Income Tax Disclosure
Unrecognized tax benefits	$ 5,877	$ 5,816
Portion that, if recognized, would reduce tax expense and effective tax rate	3,973	4,307
Accrued interest on unrecognized tax benefits	823	975
Accrued penalties on unrecognized tax benefits	100	164
Lower Limit
Income Tax Disclosure
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit	0	0
Portion that, if recognized, would reduce tax expense and effective tax rate	0	0
Upper Limit
Income Tax Disclosure
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months upper limit	650	900
Portion that, if recognized, would reduce tax expense and effective tax rate	$ 100	$ 350

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Condensed Statement of Earnings (Unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended				9 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
Revenues and other income
Sales of goods	$ 18,723		$ 17,967		$ 53,893		$ 50,902
Sales of services	7,167		7,185		21,945		20,939
Other income	258		363		792		2,082
GECC earnings from continuing operations	0		0		0		0
GECC revenues from services (Note 12)	10,026		10,146		29,955		31,740
Total revenues and other income	36,174		35,661		106,585		105,663
Costs and expenses
Cost of goods sold	15,232		14,657		43,600		41,390
Cost of services sold	4,508		4,798		14,668		13,871
Interest and other financial charges	2,357		2,445		7,116		7,648
Investment contracts, insurance losses and insurance annuity benefits	662		672		1,940		2,022
Provision for losses on financing receivables	957		789		2,895		3,256
Other costs and expenses	8,543		8,680		25,216		25,984
Total costs and expenses	32,259		32,041		95,435		94,171
Earnings from continuing operations before income taxes	3,915		3,620		11,150		11,492
Benefit (provision) for income taxes	(463)		(348)		(1,172)		(1,166)
Earnings from continuing operations	3,452		3,272		9,978		10,326
Earnings (loss) from discontinued operations, net of taxes	57		(91)		28		(335)
Net earnings	3,509		3,181		10,006		9,991
Less net earnings (loss) attributable to noncontrolling interests	(28)		(10)		(75)		140
Net earnings attributable to the Company	3,537		3,191		10,081		9,851
Preferred stock dividends declared					0		0
Net earnings (loss) attributable to GE common shareowners	3,537		3,191		10,081		9,851
Amounts attributable to GE common shareowners:
Earnings from continuing operations	3,452		3,272		9,978		10,326
Less net earnings (loss) attributable to noncontrolling interests	(28)		(10)		(75)		140
Earnings from continuing operations attributable to Company	3,480		3,282		10,053		10,186
GECC preferred stock dividends declared					0		0
Earnings from continuing operations attributable to GE common shareowners	3,480		3,282		10,053		10,186
Earnings (loss) from discontinued operations, net of taxes					28		(335)
Net earnings (loss) attributable to GE common shareowners	3,537		3,191		10,081		9,851
Earnings from continuing operations
Diluted earnings per share	$ 0.34		$ 0.32		$ 0.99		$ 0.98
Basic earnings per share	$ 0.35		$ 0.32		$ 1		$ 0.99
Net earnings (loss)
Diluted earnings per share	$ 0.35		$ 0.31		$ 0.99		$ 0.95
Basic earnings per share	$ 0.35		$ 0.31		$ 1		$ 0.96
Dividends declared per common share	$ 0.22		$ 0.19		$ 0.66		$ 0.57
GE
Revenues and other income
Sales of goods	18,764	[1]	17,994	[1]	54,017	[2]	50,970	[2]
Sales of services	7,261	[1]	7,268	[1]	22,245	[2]	21,218	[2]
Other income	236	[1]	271	[1]	689	[2]	1,893	[2]
GECC earnings from continuing operations	1,492	[1]	1,903	[1]	5,289	[2]	5,765	[2]
GECC revenues from services (Note 12)	0	[1]	0	[1]	0	[2]	0	[2]
Total revenues and other income	27,753	[1]	27,436	[1]	82,240	[2]	79,846	[2]
Costs and expenses
Cost of goods sold	15,274	[1]	14,690	[1]	43,729	[2]	41,474	[2]
Cost of services sold	4,603	[1]	4,881	[1]	14,969	[2]	14,150	[2]
Interest and other financial charges	377	[1]	338	[1]	1,142	[2]	988	[2]
Investment contracts, insurance losses and insurance annuity benefits	0	[1]	0	[1]	0	[2]	0	[2]
Provision for losses on financing receivables	0	[1]	0	[1]	0	[2]	0	[2]
Other costs and expenses	3,686	[1]	3,921	[1]	11,355	[2]	11,881	[2]
Total costs and expenses	23,940	[1]	23,830	[1]	71,195	[2]	68,493	[2]
Earnings from continuing operations before income taxes	3,813	[1]	3,606	[1]	11,045	[2]	11,353	[2]
Benefit (provision) for income taxes	(416)	[1]	(344)	[1]	(1,143)	[2]	(1,065)	[2]
Earnings from continuing operations	3,397	[1]	3,262	[1]	9,902	[2]	10,288	[2]
Earnings (loss) from discontinued operations, net of taxes	57	[1]	(91)	[1]	28	[2]	(335)	[2]
Net earnings	3,454	[1]	3,171	[1]	9,930	[2]	9,953	[2]
Less net earnings (loss) attributable to noncontrolling interests	(83)	[1]	(20)	[1]	(151)	[2]	102	[2]
Net earnings attributable to the Company	3,537	[1]	3,191	[1]	10,081	[2]	9,851	[2]
Preferred stock dividends declared	0	[1]	0	[1]	0	[2]	0	[2]
Net earnings (loss) attributable to GE common shareowners	3,537	[1]	3,191	[1]	10,081	[2]	9,851	[2]
Amounts attributable to GE common shareowners:
Earnings from continuing operations	3,397	[1]	3,262	[1]	9,902	[2]	10,288	[2]
Less net earnings (loss) attributable to noncontrolling interests	(83)	[1]	(20)	[1]	(151)	[2]	102	[2]
Earnings from continuing operations attributable to Company	3,480	[1]	3,282	[1]	10,053	[2]	10,186	[2]
GECC preferred stock dividends declared	0	[1]	0	[1]	0	[2]	0	[2]
Earnings from continuing operations attributable to GE common shareowners	3,480	[1]	3,282	[1]	10,053	[2]	10,186	[2]
Earnings (loss) from discontinued operations, net of taxes	(57)		91		28	[2]	(335)	[2]
Net earnings (loss) attributable to GE common shareowners	3,537	[1]	3,191	[1]	10,081	[2]	9,851	[2]
GECC
Revenues and other income
Sales of goods	28		33		89		90
Sales of services	0		0		0		0
Other income	0		0		0		0
GECC earnings from continuing operations	0		0		0		0
GECC revenues from services (Note 12)	10,423		10,573		31,124		32,900
Total revenues and other income	10,451		10,606		31,213		32,990
Costs and expenses
Cost of goods sold	25		29		81		75
Cost of services sold	0		0		0		0
Interest and other financial charges	2,093		2,224		6,325		6,994
Investment contracts, insurance losses and insurance annuity benefits	700		714		2,041		2,131
Provision for losses on financing receivables	957		789		2,895		3,256
Other costs and expenses	5,082		4,934		14,477		14,631
Total costs and expenses	8,857		8,690		25,819		27,087
Earnings from continuing operations before income taxes	1,594		1,916		5,394		5,903
Benefit (provision) for income taxes	(47)		(3)		(29)		(100)
Earnings from continuing operations	1,547		1,913		5,365		5,803
Earnings (loss) from discontinued operations, net of taxes	57		(91)		33		(334)
Net earnings	1,604		1,822		5,398		5,469
Less net earnings (loss) attributable to noncontrolling interests	55		10		76		38
Net earnings attributable to the Company	1,549		1,812		5,322		5,431
Preferred stock dividends declared	0		0		(161)		(135)
Net earnings (loss) attributable to GE common shareowners	1,549		1,812		5,161		5,296
Amounts attributable to GE common shareowners:
Earnings from continuing operations	1,547		1,913		5,365		5,803
Less net earnings (loss) attributable to noncontrolling interests	55		10		76		38
Earnings from continuing operations attributable to Company	1,492		1,903		5,289		5,765
GECC preferred stock dividends declared	0		0		(161)		(135)
Earnings from continuing operations attributable to GE common shareowners	1,492		1,903		5,128		5,630
Earnings (loss) from discontinued operations, net of taxes					33		(334)
Net earnings (loss) attributable to GE common shareowners	$ 1,549		$ 1,812		$ 5,161		$ 5,296

[1] 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.

[2] 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.

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Tables)

9 Months Ended

Sep. 30, 2014

Credit Quality Financing Receivables [Abstract]

Nonaccrual Financing Receivables

Past Due and Nonaccrual Financing Receivables
		September 30, 2014									December 31, 2013
		Over 30 days			Over 90 days						Over 30 days			Over 90 days
(In millions)		past due			past due			Nonaccrual			past due			past due			Nonaccrual
Commercial
CLL
Americas	$	592		$	376		$	1,101		$	755		$	359		$	1,275
International		1,563			846			1,013			1,490			820			1,459
Total CLL		2,155			1,222			2,114			2,245			1,179			2,734
Energy Financial Services		-			-			57			-			-			4
GECAS		-			-			153			-			-			-
Other		-			-			-			-			-			6
Total Commercial		2,155			1,222			2,324	(a)		2,245			1,179			2,744	(a)
Real Estate		284			247			1,628	(b)		247			212			2,551	(b)
Consumer
Non-U.S. residential mortgages		3,044			1,892			1,960			3,406			2,104			2,161
Non-U.S. installment and revolving credit		320			95			50			512			146			88
U.S. installment and revolving credit		2,372			1,038			2			2,442			1,105			2
Non-U.S. auto		73			10			19			89			13			18
Other		131			66			218			172			99			351
Total Consumer		5,940			3,101	(c)		2,249	(d)		6,621			3,467	(c)		2,620	(d)
Total	$	8,379		$	4,570		$	6,201		$	9,113		$	4,858		$	7,915
Total as a percent of financing receivables		3.5	%		1.9	%		2.6	%		3.5	%		1.9	%		3.1	%

• Included $1,157 million and $1,397 million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.
• Included $1,355million and $2,308million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.
• Included $1,134million and $1,197million of Consumer loans at September 30, 2014 and December 31, 2013, respectively, that are over 90 days past due and continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due.
• Included $234million and $324million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.

Impaired Loans

Impaired Loans and Related Reserves
	With no specific allowance						With a specific allowance
	Recorded		Unpaid		Average		Recorded		Unpaid				Average
	investment		principal		investment		investment		principal		Associated		investment
(In millions)	in loans		balance		in loans		in loans		balance		allowance		in loans
September 30, 2014
Commercial
CLL
Americas	$	1,508	$	1,987	$	1,694	$	235	$	365	$	64	$	287
International(a)		1,064		3,009		1,139		312		445		125		508
Total CLL		2,572		4,996		2,833		547		810		189		795
Energy Financial Services		57		58		19		-		-		-		26
GECAS		61		61		27		-		-		-		19
Other		-		-		1		-		-		-		1
Total Commercial(b)		2,690		5,115		2,880		547		810		189		841
Real Estate(c)		1,994		2,315		2,468		478		631		27		778
Consumer(d)		131		173		115		2,369		2,503		484		2,673
Total	$	4,815	$	7,603	$	5,463	$	3,394	$	3,944	$	700	$	4,292
December 31, 2013
Commercial
CLL
Americas	$	1,670	$	2,187	$	2,154	$	417	$	505	$	96	$	509
International(a)		1,104		3,082		1,136		691		1,059		231		629
Total CLL		2,774		5,269		3,290		1,108		1,564		327		1,138
Energy Financial Services		-		-		-		4		4		1		2
GECAS		-		-		-		-		-		-		1
Other		2		3		9		4		4		-		5
Total Commercial(b)		2,776		5,272		3,299		1,116		1,572		328		1,146
Real Estate(c)		2,615		3,036		3,058		1,245		1,507		74		1,688
Consumer(d)		109		153		98		2,879		2,948		567		3,058
Total	$	5,500	$	8,461	$	6,455	$	5,240	$	6,027	$	969	$	5,892

• Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan. However, in accordance with regulatory standards that are applicable in Italy, commercial loans are considered uncollectible when there is demonstrable evidence of the debtor’s insolvency, which may result in write-offs occurring beyond 360 days after initial recognition of a specific reserve.
• We recognized $139 million, $218 million and $173million of interest income, including none, $60 million and $53million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively, principally in our CLL Americas business. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $3,721 million and $4,445million, respectively.
• We recognized $47 million, $187 million and $161million of interest income, including none, $135 million and $132million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $3,246million and $4,746million, respectively.
• We recognized $135 million, $221 million and $166million of interest income, including $3 million, $3 million and $3million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively, principally in our Consumer-U.S. installment and revolving credit portfolios. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $2,788 million and $3,156million, respectively.

Financing Receivables And Allowance For Losses

(In millions)	Non-impaired financing receivables		General reserves		Impaired loans		Specific reserves
September 30, 2014
Commercial	$	118,283	$	637	$	3,237	$	189
Real Estate		17,327		127		2,472		27
Consumer		98,756		3,706		2,500		484
Total	$	234,366	$	4,470	$	8,209	$	700
December 31, 2013
Commercial	$	125,377	$	677	$	3,892	$	328
Real Estate		16,039		118		3,860		74
Consumer		106,051		3,414		2,988		567
Total	$	247,467	$	4,209	$	10,740	$	969

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items]

Credit Quality Indicators

Financing receivables at September 30, 2014 and December 31, 2013 included $372 million and $544 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.

Commercial Portfolio Segment [Member]

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items]

Credit Quality Indicators

Commercial Financing Receivables by Risk Category
	Secured
(In millions)	A		B		C		Total
September 30, 2014
CLL
Americas	$	63,828	$	1,279	$	1,409	$	66,516
International		41,030		609		1,030		42,669
Total CLL		104,858		1,888		2,439		109,185
Energy Financial Services		2,686		55		30		2,771
GECAS		8,236		106		107		8,449
Other		134		-		-		134
Total	$	115,914	$	2,049	$	2,576	$	120,539
December 31, 2013
CLL
Americas	$	65,545	$	1,587	$	1,554	$	68,686
International		44,930		619		1,237		46,786
Total CLL		110,475		2,206		2,791		115,472
Energy Financial Services		2,969		9		-		2,978
GECAS		9,175		50		152		9,377
Other		318		-		-		318
Total	$	122,937	$	2,265	$	2,943	$	128,145

Commercial Real Estate Portfolio Segment [Member]

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items]

Credit Quality Indicators

	Loan-to-value ratio
	September 30, 2014						December 31, 2013
	Less than		80% to		Greater than		Less than		80% to		Greater than
(In millions)	80%		95%		95%		80%		95%		95%
Debt	$	16,564	$	1,044	$	1,368	$	15,576	$	1,300	$	2,111

Consumer Portfolio Segment [Member]

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items]

Credit Quality Indicators

	Loan-to-value ratio
	September 30, 2014							December 31, 2013
	80% or		Greater than		Greater than		80% or		Greater than		Greater than
(In millions)	less		80% to 90%		90%		less		80% to 90%		90%
Non-U.S. residential mortgages	$	15,640	$	4,647	$	7,387	$	17,224	$	5,130	$	8,147

	Refreshed FICO score
	September 30, 2014						December 31, 2013
	661 or		601 to		600 or		661 or		601 to		600 or
(In millions)	higher		660		less		higher		660		less
U.S. installment and
revolving credit	$	39,998	$	11,051	$	4,209	$	40,079	$	11,142	$	4,633

	Internal ratings translated to approximate credit bureau equivalent score
	September 30, 2014						December 31, 2013
	671 or		626 to		625 or		671 or		626 to		625 or
(In millions)	higher		670		less		higher		670		less
Non-U.S. installment and
revolving credit	$	6,026	$	2,183	$	1,889	$	8,310	$	2,855	$	2,512
Non-U.S. auto		1,274		152		162		1,395		373		286

XML

Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Past Due & Nonaccrual Financing Receivables) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Past Due Financing Receivables
Over 30 days past due	$ 8,379	$ 9,113
Over 90 days past due	4,570	4,858
Percent of Financing Receivable, Recorded Investment, Past Due Over 30 Days	3.50%	3.50%
Percent of Financing Receivable, Recorded Investment, Past Due Over 90 Days	1.90%	1.90%
Nonaccrual Financing Receivables
Nonaccrual loans	6,201	7,915
Percent Financing Receivable, Recorded Investment, Nonaccrual Status	2.60%	3.10%
Commercial
Past Due Financing Receivables
Over 30 days past due	2,155	2,245
Over 90 days past due	1,222	1,179
Nonaccrual Financing Receivables
Nonaccrual loans	2,324	2,744
Amount of nonaccrual loans currently paying in accordance with contractual terms	1,157	1,397
Commercial | Energy Financial Services
Past Due Financing Receivables
Over 30 days past due	0	0
Over 90 days past due	0	0
Nonaccrual Financing Receivables
Nonaccrual loans	57	4
Commercial | GECAS
Past Due Financing Receivables
Over 30 days past due	0	0
Over 90 days past due	0	0
Nonaccrual Financing Receivables
Nonaccrual loans	153	0
Commercial | Other
Past Due Financing Receivables
Over 30 days past due	0	0
Over 90 days past due	0	0
Nonaccrual Financing Receivables
Nonaccrual loans	0	6
Commercial | Americas CLL
Past Due Financing Receivables
Over 30 days past due	592	755
Over 90 days past due	376	359
Nonaccrual Financing Receivables
Nonaccrual loans	1,101	1,275
Commercial | International
Past Due Financing Receivables
Over 30 days past due	1,563	1,490
Over 90 days past due	846	820
Nonaccrual Financing Receivables
Nonaccrual loans	1,013	1,459
Commercial | CLL
Past Due Financing Receivables
Over 30 days past due	2,155	2,245
Over 90 days past due	1,222	1,179
Nonaccrual Financing Receivables
Nonaccrual loans	2,114	2,734
Real Estate
Past Due Financing Receivables
Over 30 days past due	284	247
Over 90 days past due	247	212
Nonaccrual Financing Receivables
Nonaccrual loans	1,628	2,551
Amount of nonaccrual loans currently paying in accordance with contractual terms	1,355	2,308
Consumer
Past Due Financing Receivables
Over 30 days past due	5,940	6,621
Over 90 days past due	3,101	3,467
Loans which are 90+ days past due and still accruing interest	1,134	1,197
Nonaccrual Financing Receivables
Nonaccrual loans	2,249	2,620
Amount of nonaccrual loans currently paying in accordance with contractual terms	234	324
Consumer | Other
Past Due Financing Receivables
Over 30 days past due	131	172
Over 90 days past due	66	99
Nonaccrual Financing Receivables
Nonaccrual loans	218	351
Consumer | Non US residential mortgages
Past Due Financing Receivables
Over 30 days past due	3,044	3,406
Over 90 days past due	1,892	2,104
Nonaccrual Financing Receivables
Nonaccrual loans	1,960	2,161
Consumer | Non US installment and revolving credit
Past Due Financing Receivables
Over 30 days past due	320	512
Over 90 days past due	95	146
Nonaccrual Financing Receivables
Nonaccrual loans	50	88
Consumer | US installment and revolving credit
Past Due Financing Receivables
Over 30 days past due	2,372	2,442
Over 90 days past due	1,038	1,105
Nonaccrual Financing Receivables
Nonaccrual loans	2	2
Consumer | Non US auto
Past Due Financing Receivables
Over 30 days past due	73	89
Over 90 days past due	10	13
Nonaccrual Financing Receivables
Nonaccrual loans	19	18
GECC | Consumer
Past Due Financing Receivables
Over 30 days past due	5,940	6,621
Over 90 days past due	3,101	3,467
Nonaccrual Financing Receivables
Nonaccrual loans	$ 2,249	$ 2,620

XML

Condensed Statement of Financial Position (Unaudited) (Parenthetical) (USD $) In Millions, except Share data, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Balance Sheet Related Disclosures [Abstract]
Preferred Stock, Shares Outstanding	50,000	50,000
Common Stock, Shares, Outstanding	10,042,192,000	10,060,881,000
Assets of consolidated variable interest entities that can only be used to settle the liabilities of those VIEs	$ 49,456
Net financing receivables of certain VIEs that can only be used to settle the liabilities of those VIEs	42,799
Investment securities of certain VIEs that can only be used to settle the liabilities of those VIEs	3,500
Nonrecourse Borrowings Of Consolidated Securitization Entities Where VIE Creditors Do Not Have Recourse To Company	28,780
Sum of accumulated other comprehensive income - net	(8,110)	(9,120)
Accumulated other comprehensive income - net attributable to noncontrolling interests	$ 181	$ 180

XML

Variable Interest Entities (Unconsolidated Variable Interest Entities) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Variable Interest Entity [Line Items]
Financing receivables	$ 226,553	$ 241,940
Long-term Debt and Capital Lease Obligations	213,179	221,665
Investment in Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Other assets and investment securities	9,570	9,129
Financing receivables	2,930	3,346
Total investment	12,500	12,475
Contractual obligations to fund new investments or guarantees	2,536	2,741
Revolving lines of credit	164	31
Total	15,200	15,247
Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Real Estate Investments, Net	1,749
Debt Investment Fund	8,165
Factored Receivables	$ 2,400

XML

Investment Securities (Gross Realized Gain Losses) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Available For Sale Investment Securities Gross Realized Gain Losses [Line Items]
Total	$ 34	$ (26)	$ 53	$ (277)
Available-for-sale Securities, Gross Realized Gains (Losses), Sale Proceeds	1,689	2,890	4,240	16,828
Net pre-tax gains (loss) on trading securities	56	(2)	52	49
Subsidiaries [Member]
Available For Sale Investment Securities Gross Realized Gain Losses [Line Items]
Gains	0	0	2	1
Losses, including impairments	0	0	0	(20)
Total	0	0	2	(19)
Subsidiaries GECC [Member]
Available For Sale Investment Securities Gross Realized Gain Losses [Line Items]
Gains	42	34	104	219
Losses, including impairments	(8)	(60)	(53)	(477)
Total	$ 34	$ (26)	$ 51	$ (258)

XML

Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Credit Quality) (Details) (GECC, USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	$ 242,575	$ 258,207
Commercial
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	121,520	129,269
Credit Quality Indicators
Loan To Value Ratio Of Real Estate Loans Paying In Accordance With Contractual Terms	95.00%
Commercial | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	120,539	128,145
Commercial | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	115,914	122,937
Commercial | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,049	2,265
Commercial | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,576	2,943
Commercial | Unsecured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	342	313
Commercial | Unsecured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	402	580
Commercial | Unsecured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	237	231
Commercial | Energy Financial Services
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,798	3,107
Commercial | Energy Financial Services | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,771	2,978
Commercial | Energy Financial Services | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,686	2,969
Commercial | Energy Financial Services | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	55	9
Commercial | Energy Financial Services | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	30	0
Commercial | GECAS
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	8,449	9,377
Commercial | GECAS | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	8,449	9,377
Commercial | GECAS | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	8,236	9,175
Commercial | GECAS | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	106	50
Commercial | GECAS | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	107	152
Commercial | Other
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	134	318
Commercial | Other | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	134	318
Commercial | Other | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	134	318
Commercial | Other | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	0	0
Commercial | Other | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	0	0
Commercial | Americas CLL
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	66,871	69,036
Commercial | Americas CLL | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	66,516	68,686
Commercial | Americas CLL | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	63,828	65,545
Commercial | Americas CLL | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,279	1,587
Commercial | Americas CLL | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,409	1,554
Commercial | International
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	43,268	47,431
Commercial | International | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	42,669	46,786
Commercial | International | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	41,030	44,930
Commercial | International | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	609	619
Commercial | International | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,030	1,237
Commercial | CLL
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	110,139	116,467
Commercial | CLL | Secured Financing Receivables Portfolio | Secured Credit Quality Indicator
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	109,185	115,472
Commercial | CLL | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	104,858	110,475
Commercial | CLL | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,888	2,206
Commercial | CLL | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,439	2,791
Real Estate
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	19,799	19,899
Real Estate | Debt Real Estate | Secured Financing Receivables Portfolio | Less than 80%
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	16,564	15,576
Real Estate | Debt Real Estate | Secured Financing Receivables Portfolio | 80% to 95%
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,044	1,300
Real Estate | Debt Real Estate | Secured Financing Receivables Portfolio | Greater than 95%
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,368	2,111
Real Estate | Owner Occupied Credit Tenant [Member] | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	575	571
Real Estate | Owner Occupied Credit Tenant [Member] | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	142	179
Real Estate | Owner Occupied Credit Tenant [Member] | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	106	162
Consumer
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	101,256	109,039
Consumer | Non US residential mortgages
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	27,674	30,501
Consumer | Non US residential mortgages | Secured Financing Receivables Portfolio | 80% or less
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	15,640	17,224
Consumer | Non US residential mortgages | Secured Financing Receivables Portfolio | Greater than 80% to 90%
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	4,647	5,130
Consumer | Non US residential mortgages | Secured Financing Receivables Portfolio | Greater than 90%
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	7,387	8,147
Consumer | Non US installment and revolving credit
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	10,098	13,677
Credit Quality Indicators
Percentage Of US Consumer Financing Receivables Related To Sales Finance Receivables	35.00%
Consumer | Non US installment and revolving credit | Score 671 or Higher
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	6,026	8,310
Consumer | Non US installment and revolving credit | Score 626 to 670
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	2,183	2,855
Consumer | Non US installment and revolving credit | Score 625 or Less
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,889	2,512
Consumer | US installment and revolving credit
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	55,258	55,854
Credit Quality Indicators
Maximum Percentage Of Private Label Consumer Financing Receivables Located In Any Metropolitan Area	6.00%
Number Of Consumer Financing Receivable Customers Across US Including Private Label Credit Card And Sales Financing	60,000,000
Percentage Of US Consumer Financing Receivables Related To Credit Cards Loans	65.00%
Consumer | US installment and revolving credit | Score 661 or Higher
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	39,998	40,079
Consumer | US installment and revolving credit | Score 601 to 660
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	11,051	11,142
Consumer | US installment and revolving credit | Score 600 Or Less [Member]
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	4,209	4,633
Consumer | Non US auto
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,588	2,054
Consumer | Non US auto | Score 671 or Higher
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	1,274	1,395
Consumer | Non US auto | Score 626 to 670
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	152	373
Consumer | Non US auto | Score 625 or Less
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	162	286
Consumer | Consumer Other Financing Receivable
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	6,638	6,953
Consumer | Consumer Other Financing Receivable | Secured Financing Receivables Portfolio | Risk Level, Low
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	5,843	6,137
Consumer | Consumer Other Financing Receivable | Secured Financing Receivables Portfolio | Risk Level, Medium
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	325	315
Consumer | Consumer Other Financing Receivable | Secured Financing Receivables Portfolio | Risk Level, High
Accounts, Notes, Loans and Financing Receivable
Loans and leases receivable, Gross	$ 470	$ 501
Consumer | UNITED KINGDOM | Non US residential mortgages
Credit Quality Indicators
Reindexed Loan To Value Ratios Of Non US Mortgages	71.00%
Consumer | FRANCE | Non US residential mortgages
Credit Quality Indicators
Reindexed Loan To Value Ratios Of Non US Mortgages	56.00%
Percent Of Non US Mortgages With Loan To Value Ratios Greater Than 90 Percent Covered By Third Party Mortgage Insurance	22.00%

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GECC Borrowings and Bank Deposits (Tables)

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

GECC Borrowings

(In millions)	September 30, 2014		December 31, 2013
Short-term borrowings
GE
Commercial paper	$	350	$	-
Payable to banks		652		346
Current portion of long-term borrowings		82		70
Other		959		1,425
Total GE short-term borrowings		2,043		1,841
GECC
Commercial paper
U.S.		21,999		24,877
Non-U.S.		3,014		4,168
Current portion of long-term borrowings(a)(b)		37,319		39,215
GE Interest Plus notes(c)		5,732		8,699
Other(b)		612		339
Total GECC short-term borrowings		68,676		77,298
Eliminations		(803)		(1,249)
Total short-term borrowings	$	69,916	$	77,890
Long-term borrowings
GE
Senior notes	$	13,944	$	10,968
Payable to banks		6		10
Other		593		537
Total GE long-term borrowings		14,543		11,515
GECC
Senior unsecured notes(a)(d)		170,048		186,433
Subordinated notes(e)		4,775		4,821
Subordinated debentures(f)		7,263		7,462
Other(b)(g)		16,649		11,563
Total GECC long-term borrowings		198,735		210,279
Eliminations		(99)		(129)
Total long-term borrowings	$	213,179	$	221,665
Non-recourse borrowings of consolidated securitization entities(h)	$	30,231	$	30,124
Bank deposits(i)	$	60,815	$	53,361
Total borrowings and bank deposits	$	374,141	$	383,040

(a)Included $461 million and $481millionof obligations to holders of GICs at September 30, 2014 and December 31, 2013, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC’s ratings, among other things.

(b) Included $7,385million and $9,468million of funding secured by real estate, aircraft and other collateral at September 30, 2014 and December 31, 2013, respectively, of which $2,524million and $2,868million is non-recourse to GECC at September 30, 2014 and December 31, 2013, respectively.

(c) Entirely variable denomination floating-rate demand notes.

(d) Included $700 million of debt at both September 30, 2014 and December 31, 2013 raised by a funding entity related to Penske Truck Leasing Co., L.P. (PTL). GECC, as co-issuer and co-guarantor of the debt, reports this amount as borrowings in its financial statements. GECC has been indemnified by the other limited partners of PTL for their proportionate share of the debt obligation. Also included $3,593 million related to Synchrony Financial. See Note 1.

(e) Included $300million of subordinated notes guaranteed by GE at both September 30, 2014 and December 31, 2013.

(f)Subordinated debentures receive rating agency equity credit.

(g) Included $7,495 million related to Synchrony Financial. See Note 1.

(h) Included $8,160 million and $9,047million of current portion of long-term borrowings at September 30, 2014 and December 31, 2013, respectively. See Note 16.

(i) Included $12,259million and $13,614million of deposits in non-U.S. banks at September 30, 2014 and December 31, 2013, respectively, and $22,872million and $18,275million of certificates of deposits with maturities greater than one year at September 30, 2014 and December 31, 2013, respectively.

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Goodwill and Other Intangible Assets (Goodwill) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended					0 Months Ended			0 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Sep. 30, 2013 Commercial Real Estate Portfolio Segment [Member]	Sep. 30, 2014 Energy Management Power Conversion Member [Member]	Feb. 12, 2014 Acquisition API Healthcare	Mar. 21, 2014 Acquisition Thermo Fisher	Jun. 20, 2014 Acquisition Alstom	Jun. 02, 2014 Acquisition Cameron's Reciprocating Compression Div
Goodwill balances
Goodwill	$ 77,859		$ 77,648		$ 1,600				$ 240
Payments to Acquire Businesses, Net of Cash Acquired	2,090	1,617				340	1,065		550
Increase (Decrease) in Intangible Assets, Current	663					125	320		100
Intangible assets subject to amortization	14,249		14,150
Indefinite-lived intangible assets	108		160
Total	14,357		14,310
Dispositions, currency exchange and other	1,111
Discount Rates Used In Reporting Unit Valuations Minimum Rate	9.00%
Discount Rates Used In Reporting Unit Valuations Maximum Rate	16.00%
Implied Fair Value Of Goodwill Exceeding Carrying Value Of Goodwill				3,700
Estimated Purchase Price to Aquire Business, Net of Cash Acquired								13,500
Estimated Cash from Acquisition								3,400
Anticipated Third Party Investment In Joint Venture								3,500
Goodwill, Acquired During Period	1,322					280	700
Goodwill, period increase (decrease)	$ 211
Reporting Unit Percentage Of Fair Value In Excess Of Carrying Amount					10.00%

XML

Fair Value Measurements

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements

14. FAIR VALUE MEASUREMENTS

Recurring Fair Value Measurements

Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of GICs in Trinity and investment securities held in our CLL business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

Assets and Liabilities Measured at Fair Value on a Recurring Basis
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
September 30, 2014
Assets
Investment securities
Debt
U.S. corporate	$	-		$	20,315		$	3,117	$	-		$	23,432
State and municipal		-			5,032			572		-			5,604
Residential mortgage-backed		-			1,812			16		-			1,828
Commercial mortgage-backed		-			3,124			10		-			3,134
Asset-backed(c)		-			393			7,267		-			7,660
Corporate – non-U.S.		-			711			1,003		-			1,714
Government – non-U.S.		59			2,318			-		-			2,377
U.S. government and federal agency		-			368			264		-			632
Retained interests		-			-			27		-			27
Equity
Available-for-sale		431			27			9		-			467
Trading		139			2			-		-			141
Derivatives(d)		-			9,345			137		(7,186)			2,296
Other(e)		-			-			347		-			347
Total	$	629		$	43,447		$	12,769	$	(7,186)		$	49,659
Liabilities
Derivatives	$	-		$	4,215		$	15	$	(3,889)		$	341
Other(f)		-			1,151			-		-			1,151
Total	$	-		$	5,366		$	15	$	(3,889)		$	1,492
December 31, 2013
Assets
Investment securities
Debt
U.S. corporate	$	-		$	18,788		$	2,953	$	-		$	21,741
State and municipal		-			4,193			96		-			4,289
Residential mortgage-backed		-			1,824			86		-			1,910
Commercial mortgage-backed		-			3,025			10		-			3,035
Asset-backed(c)		-			489			6,898		-			7,387
Corporate – non-U.S.		61			645			1,064		-			1,770
Government – non-U.S.		1,590			789			31		-			2,410
U.S. government and federal agency		-			545			225		-			770
Retained interests		-			-			72		-			72
Equity
Available-for-sale		475			31			11		-			517
Trading		78			2			-		-			80
Derivatives(d)		-			8,304			175		(6,739)			1,740
Other(e)		-			-			494		-			494
Total	$	2,204		$	38,635		$	12,115	$	(6,739)		$	46,215
Liabilities
Derivatives	$	-		$	5,409		$	20	$	(4,355)		$	1,074
Other(f)		-			1,170			-		-			1,170
Total	$	-		$	6,579		$	20	$	(4,355)		$	2,244

(a)Included $912million of Government – non-U.S. and $17million of Corporate – non-U.S. available-for-sale debt securities transferred from Level 1 to Level 2 primarily attributable to changes in market observable data in the nine months ended September 30, 2014. The fair value of securities transferred between Level 1 and Level 2 was $2 million in the twelvemonths ended December 31, 2013.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

(d) The fair value of derivatives includes an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $20 million and $(7) million at September 30, 2014 and December 31, 2013, respectively. See Note 15 for additional information on the composition of our derivative portfolio.

(e) Includes private equity investments and loans designated under the fair value option.

(f) Primarily represented the liability associated with certain of our deferred incentive compensation plans.

Level 3 Instruments

The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners’ equity.

Changes in Level 3 Instruments for the Three Months Ended
																			Net
																			change in
			Net		Net														unrealized
			realized/		realized/														gains
			unrealized		unrealized														(losses)
			gains		gains														relating to
			(losses)		(losses)								Transfers		Transfers				instruments
	Balance at		included		included								into		out of		Balance at		still held at
(In millions)	July 1		in earnings(a)		in AOCI		Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		September 30		September 30(c)
2014
Investment securities
Debt
U.S. corporate	$	3,155	$	7	$	(9)	$	102	$	(63)	$	(91)	$	32	$	(16)	$	3,117	$	-
State and municipal		560		-		-		4		(10)		(1)		19		-		572		-
RMBS		66		-		-		-		-		(3)		-		(47)		16		-
CMBS		12		-		-		-		-		(2)		-		-		10		-
ABS		7,277		1		(106)		784		-		(689)		-		-		7,267		-
Corporate – non-U.S.		1,054		6		(18)		179		(10)		(208)		-		-		1,003		-
Government – non-U.S.		1		-		-		-		-		-		-		(1)		-		-
U.S. government and
federal agency		249		-		6		-		-		-		9		-		264		-
Retained interests		73		32		(10)		-		(67)		(1)		-		-		27		-
Equity
Available-for-sale		9		-		-		-		-		-		-		-		9		-
Derivatives(d)(e)		151		(13)		1		(3)		-		(1)		-		(1)		134		(15)
Other		357		3		-		266		(1)		(280)		-		2		347		-
Total	$	12,964	$	36	$	(136)	$	1,332	$	(151)	$	(1,276)	$	60	$	(63)	$	12,766	$	(15)
2013
Investment securities
Debt
U.S. corporate	$	3,229	$	24	$	(32)	$	160	$	(34)	$	(49)	$	-	$	-	$	3,298	$	-
State and municipal		98		-		(4)		4		-		(4)		-		-		94		-
RMBS		91		-		(2)		-		-		(1)		-		-		88		-
CMBS		5		-		-		-		-		(1)		10		-		14		-
ABS		5,346		1		36		569		-		(14)		-		-		5,938		-
Corporate – non-U.S.		1,197		(29)		(2)		1,827		-		(1,930)		-		(10)		1,053		-
Government – non-U.S.		38		1		(6)		-		-		-		-		-		33		-
U.S. government and
federal agency		264		-		(52)		-		-		-		-		-		212		-
Retained interests		93		-		(11)		-		-		(4)		-		-		78		-
Equity
Available-for-sale		10		-		-		-		-		-		1		-		11		-
Derivatives(d)(e)		167		1		1		(1)		-		2		2		(1)		171		13
Other		854		16		(1)		148		(295)		-		-		(4)		718		(34)
Total	$	11,392	$	14	$	(73)	$	2,707	$	(329)	$	(2,001)	$	13	$	(15)	$	11,708	$	(21)

Earnings effects are primarily included in the GECC revenues from services and Interest and other financial charges captions in the Condensed Statement of Earnings.

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represented the amount of unrealized gains or losses for the period included in earnings.

(d) Represented derivative assets net of derivative liabilities and included cash accruals of $12 million and $8 million not reflected in the fair value hierarchy table in the three months ended September 30, 2014 and 2013, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 15.

Changes in Level 3 Instruments for the Nine Months Ended
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized			unrealized													(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included			included							into		out of		Balance at		still held at
(In millions)	January 1		in earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		September 30		September 30(c)
2014
Investment securities
Debt
U.S. corporate	$	2,953	$	27	$	103	$	449	$	(222)	$	(230)	$	170	$	(133)	$	3,117	$	-
State and municipal		96		-		31		17		(17)		(9)		454		-		572		-
RMBS		86		1		-		-		(16)		(8)		-		(47)		16		-
CMBS		10		-		-		-		-		(2)		2		-		10		-
ABS		6,898		3		(132)		1,780		-		(1,272)		-		(10)		7,267		-
Corporate – non-U.S.		1,064		9		61		614		(75)		(665)		1		(6)		1,003		-
Government – non-U.S.		31		-		-		-		-		-		-		(31)		-		-
U.S. government and
federal agency		225		-		32		-		-		-		9		(2)		264		-
Retained interests		72		35		(5)		1		(67)		(9)		-		-		27		-
Equity
Available-for-sale		11		-		-		2		(2)		(2)		-		-		9		-
Derivatives(d)(e)		164		(25)		1		(4)		-		1		(1)		(2)		134		(19)
Other		494		17		-		523		(16)		(392)		-		(279)		347		4
Total	$	12,104	$	67	$	91	$	3,382	$	(415)	$	(2,588)	$	635	$	(510)	$	12,766	$	(15)
2013
Investment securities
Debt
U.S. corporate	$	3,591	$	(247)	$	184	$	257	$	(383)	$	(139)	$	108	$	(73)	$	3,298	$	-
State and municipal		77		-		(8)		20		-		(5)		10		-		94		-
RMBS		100		-		(4)		-		(2)		(6)		-		-		88		-
CMBS		6		-		-		-		-		(2)		10		-		14		-
ABS		5,023		3		(32)		1,479		(1)		(539)		12		(7)		5,938		-
Corporate – non-U.S.		1,218		(112)		18		4,637		(3)		(4,672)		21		(54)		1,053		-
Government – non-U.S.		42		1		(10)		-		-		-		-		-		33		-
U.S. government and
federal agency		277		-		(65)		-		-		-		-		-		212		-
Retained interests		83		5		5		2		-		(17)		-		-		78		-
Equity
Available-for-sale		13		-		-		-		-		-		-		(2)		11		-
Derivatives(d)(e)		416		(52)		2		(2)		-		(221)		28		-		171		(30)
Other		799		(81)		3		352		(351)		-		-		(4)		718		(121)
Total	$	11,645	$	(483)	$	93	$	6,745	$	(740)	$	(5,601)	$	189	$	(140)	$	11,708	$	(151)

• Earnings effects are primarily included in the GECC revenues from services and Interest and other financial charges captions in the Condensed Statement of Earnings.
• Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.
• Represents the amount of unrealized gains or losses for the period included in earnings.
• Represents derivative assets net of derivative liabilities and included cash accruals of $12 million and $8 million not reflected in the fair value hierarchy table for the nine months ended September 30, 2014 and 2013, respectively.
• Gains (losses) included in “net realized/unrealized gains (losses) included in earnings” were offset by the earnings effects from the underlying items that were economically hedged. See Note 15.

Non-Recurring Fair Value Measurements

The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at September 30, 2014 and December 31, 2013.

	Remeasured during				Remeasured during
	the nine months ended				the year ended
	September 30, 2014				December 31, 2013
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and loans held for sale	$	97	$	1,971	$	210	$	2,986
Cost and equity method investments		260		437		-		690
Long-lived assets, including real estate		452		1,024		2,050		1,088
Total	$	809	$	3,432	$	2,260	$	4,764

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at September 30, 2014 and 2013.

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Financing receivables and loans held for sale	$	(112)	$	(107)	$	(298)	$	(257)
Cost and equity method investments		(94)		(45)		(333)		(276)
Long-lived assets, including real estate		(374)		(366)		(491)		(855)
Total	$	(580)	$	(518)	$	(1,122)	$	(1,388)

Level 3 Measurements - Significant Unobservable Inputs
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted average)
September 30, 2014
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	985	Income approach	Discount rate(a)	1.5%-10.0%(6.2%)
State and municipal		478	Income approach	Discount rate(a)	2.0%-5.2%(3.3%)
Asset-backed		7,244	Income approach	Discount rate(a)	1.9%-11.0%(5.0%)
Corporate – non-U.S.		633	Income approach	Discount rate(a)	0.2%-15.1%(7.8%)
Other financial assets		227	Income approach,	EBITDA multiple	5.4X-9.1X(7.7X)
			Market comparables	Discount rate(a)	4.1%-4.8%(4.3%)
				Capitalization rate(b)	6.3%-7.8%(7.4%)
Non-recurring fair value measurements
Financing receivables and	$	787	Income approach,	Capitalization rate(b)	2.7%-11.3%(7.3%)
loans held for sale			Business enterprise	EBITDA multiple	4.3X-6.5X(6.1X)
			value
Cost and equity method investments		343	Income approach,	Discount rate(a)	8.0%-10.0%(9.4%)
			Business enterprise	EBITDA multiple	1.8X-16.2X(7.8X)
			value, Market comparables
Long-lived assets, including real estate		877	Income approach	Capitalization rate(b)	5.5%-15.3%(6.3%)
				Discount rate(a)	2.0%-19.0%(6.8%)
December 31, 2013
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	898	Income approach	Discount rate(a)	1.5%-13.3% (6.5%)
Asset-backed		6,854	Income approach	Discount rate(a)	1.2%-10.5%(3.7%)
Corporate – non-U.S.		819	Income approach	Discount rate(a)	1.4%-46.0%(15.1%)
Other financial assets		381	Income approach,	WACC(c)	9.3%-9.3% (9.3%)
			Market comparables	EBITDA multiple	5.4X-12.5X(9.5X)
				Discount rate(a)	5.2%-8.8%(5.3%)
				Capitalization rate(b)	6.3%-7.5%(7.2%)
Non-recurring fair value measurements
Financing receivables and	$	1,937	Income approach,	Capitalization rate(b)	5.5%-16.7%(8.0%)
loans held for sale			Business enterprise	EBITDA multiple	4.3X-5.5X(4.8X)
			value	Discount rate(a)	6.6%-6.6% (6.6%)
Cost and equity method investments		102	Income approach,	Discount rate(a)	5.7%-5.9%(5.8%)
			Market comparables	Capitalization rate(b)	8.5%-10.6% (10.0%)
				WACC(c)	9.3%-9.6%(9.4%)
				EBITDA multiple	7.1X-14.5X(11.3X)
				Revenue multiple	2.2X-12.6X(9.4X)
Long-lived assets, including real estate		694	Income approach	Capitalization rate(b)	5.4%-14.5%(7.8%)
				Discount rate(a)	4.0%-23.0%(9.0%)

• Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.
• Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property’s capitalized value. An increase in the capitalization rate would result in a decrease in the fair value.
• Weighted average cost of capital (WACC).

At September 30, 2014 and December 31, 2013, other Level 3 recurring fair value measurements of $2,947 million and $2,816 million, respectively, and non-recurring measurements of $1,325 million and $1,460 million, respectively, are valued using non-binding broker quotes or other third-party sources. At September 30, 2014 and December 31, 2013, other recurring fair value measurements of $240 million and $327 million, respectively, and non-recurring fair value measurements of $100 million and $571 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation.

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Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Effect on operations of the pension plans

Effect on Operations of Pension Plans
	Principal Pension Plans
	Three months ended September 30					Nine months ended September 30
(In millions)	2014			2013		2014			2013
Service cost for benefits earned	$	304		$	362	$	921		$	1,145
Prior service cost amortization		54			62		162			185
Expected return on plan assets		(792)			(875)		(2,393)			(2,625)
Interest cost on benefit obligation		687			615		2,060			1,845
Net actuarial loss amortization		642			916		1,925			2,748
Curtailment loss		65	(a)		-		65	(a)		-
Pension plans cost	$	960		$	1,080	$	2,740		$	3,298

(a)Loss resulting from of our agreement with Electrolux to sell the GE Appliances business.

	Other Pension Plans
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Service cost for benefits earned	$	91	$	130	$	310	$	330
Prior service cost amortization		1		2		4		6
Expected return on plan assets		(200)		(170)		(596)		(496)
Interest cost on benefit obligation		149		135		443		392
Net actuarial loss amortization		50		85		149		256
Pension plans cost	$	91	$	182	$	310	$	488

Effect on operations of principal retiree health and life insurance plans

Effect on Operations of Principal Retiree Health and Life Insurance Plans
	Principal Retiree Health and Life Insurance Plans
	Three months ended September 30					Nine months ended September 30
(In millions)	2014			2013		2014			2013
Service cost for benefits earned	$	41		$	43	$	125		$	168
Prior service cost amortization		88			98		285			294
Expected return on plan assets		(12)			(15)		(37)			(45)
Interest cost on benefit obligation		106			101		326			309
Net actuarial gain amortization		(38)			(16)		(124)			(28)
Curtailment loss		48	(a)		-		48	(a)		-
Retiree benefit plans cost	$	233		$	211	$	623		$	698

(a) Loss resulting from of our agreement with Electrolux to sell the GE Appliances business.

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Impairment) (Details) (GECC, USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Financing Receivables and Allowance for Losses
Non-impaired financing receivables	$ 234,366	$ 247,467
General reserves	4,470	4,209
Total impaired loans	8,209	10,740
Allowance for losses (specific reserves)	700	969
No Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	4,815	5,500
Unpaid principal balance	7,603	8,461
Average investment during the period	5,463	6,455
Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	3,394	5,240
Allowance for losses (specific reserves)	700	969
Unpaid principal balance	3,944	6,027
Average investment during the period	4,292	5,892
Commercial
Financing Receivables and Allowance for Losses
Non-impaired financing receivables	118,283	125,377
General reserves	637	677
Total impaired loans	3,237	3,892
Allowance for losses (specific reserves)	189	328
Average investment during the period	3,721	4,445
Commercial | No Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	2,690	2,776
Unpaid principal balance	5,115	5,272
Average investment during the period	2,880	3,299
Commercial | Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	547	1,116
Allowance for losses (specific reserves)	189	328
Unpaid principal balance	810	1,572
Average investment during the period	841	1,146
Real Estate
Financing Receivables and Allowance for Losses
Non-impaired financing receivables	17,327	16,039
General reserves	127	118
Total impaired loans	2,472	3,860
Allowance for losses (specific reserves)	27	74
Average investment during the period	3,246	4,746
Real Estate | No Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	1,994	2,615
Unpaid principal balance	2,315	3,036
Average investment during the period	2,468	3,058
Real Estate | Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	478	1,245
Allowance for losses (specific reserves)	27	74
Unpaid principal balance	631	1,507
Average investment during the period	778	1,688
Consumer
Financing Receivables and Allowance for Losses
Non-impaired financing receivables	98,756	106,051
General reserves	3,706	3,414
Total impaired loans	2,500	2,988
Allowance for losses (specific reserves)	484	567
Average investment during the period	2,788	3,156
Consumer | No Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	131	109
Unpaid principal balance	173	153
Average investment during the period	115	98
Consumer | Related Allowance
Financing Receivables and Allowance for Losses
Total impaired loans	2,369	2,879
Allowance for losses (specific reserves)	484	567
Unpaid principal balance	2,503	2,948
Average investment during the period	$ 2,673	$ 3,058

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Variable Interest Entities

9 Months Ended

Sep. 30, 2014

Variable Interest Entities [Abstract]

Variable Interest Entities

16. VARIABLE INTEREST ENTITIES

We use variable interest entities primarily to securitize financial assets and arrange other forms of asset-backed financing in the ordinary course of business. Except as noted below, investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2014 or 2013.

Consolidated Variable Interest Entities

We consolidate VIEs because we have the power to direct the activities that significantly affect the VIE’s economic performance, typically because of our role as either servicer or manager for the VIE. Our consolidated VIEs fall into three main groups, which are further described below:

• Trinity comprises two consolidated entities that hold investment securities, the majority of which are investment-grade, and were funded by the issuance of GICs. The GICs include conditions under which certain holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3 or the short-term credit ratings fall below A-1+/P-1. The outstanding GICs are subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC’s ratings, among other things, and are reported in investment contracts, insurance liabilities and insurance annuity benefits.
• Consolidated Securitization Entities (CSEs) were created to facilitate securitization of financial assets and other forms of asset-backed financing that serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and all are non-recourse. We provide servicing for substantially all of the assets in these entities.

The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GE. The creditors of these entities have no claim on other assets of GE.

• Other remaining assets and liabilities of consolidated VIEs relate primarily to three categories of entities: (1) joint ventures that lease equipment with $1,552 million of assets and $690million of liabilities; (2) other entities that are involved in power generating and leasing activities with $681million of assets and no liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers’ compensation coverage for GE with $1,222 million of assets and $578million of liabilities.

Assets and Liabilities of Consolidated VIEs
			Consolidated Securitization Entities
									Trade
(In millions)	Trinity(a)		Credit cards		(b)	Equipment		(b)	receivables		Other		Total
September 30, 2014
Assets(c)
Financing receivables, net	$	-	$	25,043		$	12,849		$	3,044	$	2,754	$	43,690
Investment securities		2,451		-			-			-		1,049		3,500
Other assets		108		999	(d)		771			1		2,865		4,744
Total	$	2,559	$	26,042		$	13,620		$	3,045	$	6,668	$	51,934
Liabilities(c)
Borrowings	$	-	$	-		$	-		$	-	$	547	$	547
Non-recourse borrowings		-		15,091			10,763			2,479		447		28,780
Other liabilities		1,285		331			596			21		1,498		3,731
Total	$	1,285	$	15,422		$	11,359		$	2,500	$	2,492	$	33,058
December 31, 2013
Assets(c)
Financing receivables, net	$	-	$	24,766		$	12,928		$	2,509	$	2,044	$	42,247
Investment securities		2,786		-			-			-		1,044		3,830
Other assets		213		20			557			-		2,430		3,220
Total	$	2,999	$	24,786		$	13,485		$	2,509	$	5,518	$	49,297
Liabilities(c)
Borrowings	$	-	$	-		$	-		$	-	$	598	$	598
Non-recourse borrowings		-		15,363			10,982			2,180		49		28,574
Other liabilities		1,482		228			248			25		1,351		3,334
Total	$	1,482	$	15,591		$	11,230		$	2,205	$	1,998	$	32,506

• Excluded intercompany advances from GECC to Trinity, which were eliminated in consolidation of $1,490 million and $1,837 million at September 30, 2014 and December 31, 2013, respectively.
• We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At September 30, 2014 and December 31, 2013, the amounts of commingled cash owed to the CSEs were $3,040 million and $6,314million, respectively, and the amounts owed to us by CSEs were $2,918 million and $5,540million, respectively.
• Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GECC as servicer, which are eliminated in consolidation. Such receivables provide the cash to repay the entities’ liabilities. If these intercompany receivables were included in the table above, assets would be higher. In addition, other assets, borrowings and other liabilities exclude intercompany balances that are eliminated in consolidation.
• Includes receivables required to be classified as held-for-sale following third-party notice to terminate a private label credit card program and purchase the program receivables.

Total revenues from our consolidated VIEs were $2,070 million and $1,950 million in the three months ended September 30, 2014 and 2013, respectively, and $5,780 million and $5,598 million in the nine months ended September 30, 2014 and 2013, respectively. Related expenses consisted primarily of provisions for losses of $246 million and $175 million in the three months ended September 30, 2014 and 2013, respectively, and $814 million and $764 million in the nine months ended September 30, 2014 and 2013, respectively, and interest and other financial charges of $93 million and $85 million in the three months ended September 30, 2014 and 2013, respectively, and $262 million and $270 million in the nine months ended September 30, 2014 and 2013, respectively. These amounts do not include intercompany revenues and costs, principally fees and interest between GE and the VIEs, which are eliminated in consolidation.

Investments in Unconsolidated Variable Interest Entities

Our involvement with unconsolidated VIEs consists of the following activities: assisting in the formation and financing of the entity; providing recourse and/or liquidity support; servicing the assets; and receiving variable fees for services provided. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance.

Our largest exposure to any single unconsolidated VIE at September 30, 2014 is a $8,165million investment in asset-backed securities issued by the Senior Secured Loan Program (“SSLP”), a fund that invests in high-quality senior secured debt of various middle-market companies. Other significant unconsolidated VIEs include investments in real estate entities ($1,749million), which generally consist of passive limited partnership investments in tax-advantaged, multi-family real estate and investments in various European real estate entities; and exposures to joint ventures that purchase factored receivables ($2,400million).

The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the type of investment we hold. Variable interests in partnerships and corporate entities are classified as either equity method or cost method investments. In the ordinary course of business, we also make investments in entities in which we are not the primary beneficiary but may hold a variable interest such as limited partner interests or mezzanine debt investments. These investments are classified in two captions in our financial statements: “All other assets” for investments accounted for under the equity method, and “Financing receivables – net” for debt financing provided to these entities.

Investments in Unconsolidated VIEs
(In millions)	September 30, 2014		December 31, 2013
Other assets and investment securities	$	9,570	$	9,129
Financing receivables – net		2,930		3,346
Total investments		12,500		12,475
Contractual obligations to fund investments or guarantees		2,536		2,741
Revolving lines of credit		164		31
Total	$	15,200	$	15,247

In addition to the entities included in the table above, we also hold passive investments in RMBS, CMBS and ABS issued by VIEs. Such investments were, by design, investment-grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3.

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Goodwill and Other Intangible Assets (Intangible Assets Subject to Amortization) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 26,724		$ 26,724		$ 26,061
Accumulated amortization	12,475		12,475		11,911
Net	14,249		14,249		14,150
Intangible Assets, Net (Excluding Goodwill)	14,357		14,357		14,310
Adjustments To Reflect Present Value Of Future Profits In Run Off Insurance Operations To Reflect Effects That Would Have Been Recognized Had Related Unrealized Investment Securities Holding Gains Loses Actually Been Realized	300		300		322
Increase (Decrease) in Intangible Assets, Current			663
Amortization expense	465	429	1,316	1,257
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,508		8,508		7,938
Accumulated amortization	2,575		2,575		2,312
Net	5,933		5,933		5,626
Patents And Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	6,894		6,894		6,602
Accumulated amortization	2,918		2,918		2,621
Net	3,976		3,976		3,981
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	1,167		1,167		1,356
Accumulated amortization	243		243		295
Net	924		924		1,061
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	8,500		8,500		8,256
Accumulated amortization	5,301		5,301		5,252
Net	3,199		3,199		3,004
Leases, Acquired-in-Place [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	594		594		703
Accumulated amortization	444		444		498
Net	150		150		205
Present Value Of Future Profits [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	605		605		574
Accumulated amortization	605		605		574
Net	0		0		0
All Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	456		456		632
Accumulated amortization	389		389		359
Net	$ 67		$ 67		$ 273

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Condensed Statement of Cash Flows (Unaudited) (USD $) In Millions, unless otherwise specified	9 Months Ended				12 Months Ended
	Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2013
Cash flows - operating activities
Net earnings	$ 10,006		$ 9,991
Less net earnings (loss) attributable to noncontrolling interests	(75)		140
Net earnings attributable to the Company	10,081		9,851
(Earnings) loss from discontinued operations, net of taxes	(28)		335
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	6,995		7,152
Earnings from continuing operations retained by GECC(b)	0	[1]	0	[1]
Deferred income taxes	(1,937)		(2,043)
Decrease (increase) in GE current receivables	(691)		196
Decrease (increase) in inventories	(2,768)		(1,795)
Increase (decrease) in accounts payable	1,377		971
Increase (decrease) in GE progress collections	(735)		918
Provision for losses on GECC financing receivables	2,895		3,256
All other operating activities	921		(1,631)
Cash from (used for) operating activities - continuing operations	16,110		17,210
Cash from (used for) operating activities - discontinued operations	135		(48)
Cash from (used for) operating activities	16,245		17,162
Cash flows - investing activities
Additions to property, plant and equipment	(9,701)		(10,129)
Dispositions of property, plant and equipment	4,914		4,119
Net decrease (increase) in GECC financing receivables	849		7,324
Proceeds from sales of discontinued operations	232		0
Proceeds from principal business dispositions	607		1,101
Proceeds from sales of associated companies	0		16,699
Net cash from (payments for) principal businesses purchased	(2,090)		(1,617)
All other investing activities	3,501		14,538
Cash from (used for) investing activities - continuing operations	(1,688)		32,035
Cash from (used for) investing activities - discontinued operations	(231)		(13)
Cash from (used for) investing activities	(1,919)		32,022
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(5,957)		(9,949)
Net increase (decrease) in bank deposits	9,004		(2,229)
Newly issued debt (maturities longer than 90 days)	33,490		41,456
Repayments and other reductions (maturities longer than 90 days)	(41,984)		(55,451)
Proceeds from issuance of preferred stock	0		990
Net dispositions (purchases) of GE shares for treasury	(1,359)		(7,496)
Dividends paid to shareowners	(6,643)		(5,895)
Proceeds from Initial Public Offering	2,842				0
All other financing activities	(466)		(445)
Cash from (used for) financing activities - continuing operations	(11,073)		(39,019)
Cash from (used for) financing activities - discontinued operations	(6)		22
Cash from (used for) financing activities	(11,079)		(38,997)
Effect of currency exchange rate changes on cash and equivalents	(1,360)		(1,038)
Increase (decrease) in cash and equivalents	1,887		9,149
Cash and equivalents at beginning of year	88,787		77,459		77,459
Cash and equivalents at September 30	90,674		86,608		88,787
Less cash and equivalents of discontinued operations at September 30	130		152
Cash and equivalents of continuing operations at September 30	90,544
Cash and equivalents	90,439		86,456		88,555
Subsidiaries [Member]
Cash flows - operating activities
Net earnings	9,930	[2]	9,953	[2]
Less net earnings (loss) attributable to noncontrolling interests	(151)	[2]	102	[2]
Net earnings attributable to the Company	10,081	[2]	9,851	[2]
(Earnings) loss from discontinued operations, net of taxes	(28)	[2]	335	[2]
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	1,891		1,783
Earnings from continuing operations retained by GECC(b)	(3,068)	[1]	(1,818)	[1]
Deferred income taxes	(618)		(2,568)
Decrease (increase) in GE current receivables	(535)		(1,262)
Decrease (increase) in inventories	(2,771)		(1,759)
Increase (decrease) in accounts payable	1,054		574
Increase (decrease) in GE progress collections	(748)		944
Provision for losses on GECC financing receivables	0	[2]	0	[2]
All other operating activities	1,917		1,748
Cash from (used for) operating activities - continuing operations	7,175		7,828
Cash from (used for) operating activities - discontinued operations	(1)		(2)
Cash from (used for) operating activities	7,174	[3]	7,826	[3]
Cash flows - investing activities
Additions to property, plant and equipment	(2,806)	[3]	(2,705)	[3]
Dispositions of property, plant and equipment	0	[3]	0	[3]
Net decrease (increase) in GECC financing receivables	0	[3]	0	[3]
Proceeds from sales of discontinued operations	0	[3]	0	[3]
Proceeds from principal business dispositions	579	[3]	260	[3]
Proceeds from sales of associated companies	0	[3]	16,699	[3]
Net cash from (payments for) principal businesses purchased	(2,090)	[3]	(8,001)	[3]
All other investing activities	(254)	[3]	(946)	[3]
Cash from (used for) investing activities - continuing operations	(4,571)	[3]	5,307	[3]
Cash from (used for) investing activities - discontinued operations	1	[3]	2	[3]
Cash from (used for) investing activities	(4,570)	[3]	5,309	[3]
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(704)	[3]	(164)	[3]
Net increase (decrease) in bank deposits	0	[3]	0	[3]
Newly issued debt (maturities longer than 90 days)	3,058	[3]	101	[3]
Repayments and other reductions (maturities longer than 90 days)	(215)	[3]	(5,051)	[3]
Proceeds from issuance of preferred stock	0	[3]	0	[3]
Net dispositions (purchases) of GE shares for treasury	(1,359)	[3]	(7,496)	[3]
Dividends paid to shareowners	(6,643)	[3]	(5,895)	[3]
Proceeds from Initial Public Offering	0				0
All other financing activities	246	[3]	115	[3]
Cash from (used for) financing activities - continuing operations	(5,617)	[3]	(18,390)	[3]
Cash from (used for) financing activities - discontinued operations	0	[3]	0	[3]
Cash from (used for) financing activities	(5,617)	[3]	(18,390)	[3]
Effect of currency exchange rate changes on cash and equivalents	(93)	[3]	(52)	[3]
Increase (decrease) in cash and equivalents	(3,106)	[3]	(5,307)	[3]
Cash and equivalents at beginning of year	13,682		15,509		15,509
Cash and equivalents at September 30	10,576		10,202		13,682
Less cash and equivalents of discontinued operations at September 30	0		0
Cash and equivalents	10,576	[4]	10,202		13,682	[4]
Subsidiaries GECC [Member]
Cash flows - operating activities
Net earnings	5,398		5,469
Less net earnings (loss) attributable to noncontrolling interests	76		38
Net earnings attributable to the Company	5,322		5,431
(Earnings) loss from discontinued operations, net of taxes	(33)		334
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities
Depreciation and amortization of property, plant and equipment	5,104		5,369
Earnings from continuing operations retained by GECC(b)	0	[1]	0	[1]
Deferred income taxes	(1,319)		525
Decrease (increase) in GE current receivables	0		0
Decrease (increase) in inventories	20		0
Increase (decrease) in accounts payable	811		741
Increase (decrease) in GE progress collections	0		0
Provision for losses on GECC financing receivables	2,895		3,256
All other operating activities	(1,083)		(3,848)
Cash from (used for) operating activities - continuing operations	11,717		11,808
Cash from (used for) operating activities - discontinued operations	136		(46)
Cash from (used for) operating activities	11,853		11,762
Cash flows - investing activities
Additions to property, plant and equipment	(7,351)		(7,581)
Dispositions of property, plant and equipment	4,935		4,119
Net decrease (increase) in GECC financing receivables	963		8,598
Proceeds from sales of discontinued operations	232		0
Proceeds from principal business dispositions	0		841
Proceeds from sales of associated companies	0		0
Net cash from (payments for) principal businesses purchased	0		6,384
All other investing activities	4,901		15,922
Cash from (used for) investing activities - continuing operations	3,680		28,283
Cash from (used for) investing activities - discontinued operations	(232)		(15)
Cash from (used for) investing activities	3,448		28,268
Cash flows - financing activities
Net increase (decrease) in borrowings (maturities of 90 days or less)	(6,611)		(9,917)
Net increase (decrease) in bank deposits	9,004		(2,229)
Newly issued debt (maturities longer than 90 days)	30,432		41,355
Repayments and other reductions (maturities longer than 90 days)	(41,768)		(50,396)
Proceeds from issuance of preferred stock	0		990
Net dispositions (purchases) of GE shares for treasury	0		0
Dividends paid to shareowners	(2,382)		(4,082)
Proceeds from Initial Public Offering	2,842				0
All other financing activities	(552)		(425)
Cash from (used for) financing activities - continuing operations	(9,035)		(24,704)
Cash from (used for) financing activities - discontinued operations	(6)		22
Cash from (used for) financing activities	(9,041)		(24,682)
Effect of currency exchange rate changes on cash and equivalents	(1,267)		(986)
Increase (decrease) in cash and equivalents	4,993		14,362
Cash and equivalents at beginning of year	75,105		62,044		62,044
Cash and equivalents at September 30	80,098		76,406		75,105
Less cash and equivalents of discontinued operations at September 30	130		152
Cash and equivalents	79,863		76,254		74,873
Synchrony
Cash flows - financing activities
Proceeds from Initial Public Offering	$ 2,842				$ 0

[1] Represents GECC earnings from continuing operations attributable to the Company, net of GECC dividends paid to GE.

[2] 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.

[3] 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.

[4] 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.

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Condensed Consolidated Statement of Comprehensive Income (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Statement of Comprehensive Income [Abstract]
Net earnings	$ 3,509	$ 3,181	$ 10,006	$ 9,991
Less net earnings (loss) attributable to noncontrolling interests	(28)	(10)	(75)	140
Net earnings attributable to the Company	3,537	3,191	10,081	9,851
Other comprehensive income (loss)
Investment securities	(284)	170	450	(362)
Currency translation adjustments	(1,590)	(383)	(1,649)	(469)
Cash flow hedges	55	58	136	351
Benefit plans	859	765	2,072	2,826
Other comprehensive income (loss)	(960)	610	1,009	2,346
Less Other comprehensive income (loss) attributable to noncontrolling interests	(8)	10	(1)	(21)
Other comprehensive income attributable to Company	(952)	600	1,010	2,367
Comprehensive income	2,549	3,791	11,015	12,337
Less Comprehensive income (loss) attributable to noncontrolling interests	(36)	0	(76)	119
Comprehensive income attributable to Company	$ 2,585	$ 3,791	$ 11,091	$ 12,218

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Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2014

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Postretirement Benefit Plans

9. POSTRETIREMENT BENEFIT PLANS

We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million. Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate

Effect on Operations of Pension Plans
	Principal Pension Plans
	Three months ended September 30					Nine months ended September 30
(In millions)	2014			2013		2014			2013
Service cost for benefits earned	$	304		$	362	$	921		$	1,145
Prior service cost amortization		54			62		162			185
Expected return on plan assets		(792)			(875)		(2,393)			(2,625)
Interest cost on benefit obligation		687			615		2,060			1,845
Net actuarial loss amortization		642			916		1,925			2,748
Curtailment loss		65	(a)		-		65	(a)		-
Pension plans cost	$	960		$	1,080	$	2,740		$	3,298

(a)Loss resulting from of our agreement with Electrolux to sell the GE Appliances business.

	Other Pension Plans
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Service cost for benefits earned	$	91	$	130	$	310	$	330
Prior service cost amortization		1		2		4		6
Expected return on plan assets		(200)		(170)		(596)		(496)
Interest cost on benefit obligation		149		135		443		392
Net actuarial loss amortization		50		85		149		256
Pension plans cost	$	91	$	182	$	310	$	488

Effect on Operations of Principal Retiree Health and Life Insurance Plans
	Principal Retiree Health and Life Insurance Plans
	Three months ended September 30					Nine months ended September 30
(In millions)	2014			2013		2014			2013
Service cost for benefits earned	$	41		$	43	$	125		$	168
Prior service cost amortization		88			98		285			294
Expected return on plan assets		(12)			(15)		(37)			(45)
Interest cost on benefit obligation		106			101		326			309
Net actuarial gain amortization		(38)			(16)		(124)			(28)
Curtailment loss		48	(a)		-		48	(a)		-
Retiree benefit plans cost	$	233		$	211	$	623		$	698

(a) Loss resulting from of our agreement with Electrolux to sell the GE Appliances business.

In September 2014, the Company’s Board of Directors approved a plan amendment that affects post-65 retiree health coverage for certain former salaried employees and eligible dependents. Effective January 1, 2015, the Company will transition eligible participants to a notional credit to help pay for eligible premiums and out-of-pocket expenses. The postretirement benefit plan obligations were remeasuredto reflect this change, reducing obligations by $586million for the plan amendment partially offset by a $290million actuarial loss to reflect lower discount rates.

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Variable Interest Entities (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended																		3 Months Ended		9 Months Ended																3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014 Loans and Finance Receivables [Member]	Dec. 31, 2013 Loans and Finance Receivables [Member]	Sep. 30, 2014 Investment Securities [Member]	Dec. 31, 2013 Investment Securities [Member]	Sep. 30, 2014 Assets Other [Member]	Dec. 31, 2013 Assets Other [Member]	Sep. 30, 2014 Assets, Total [Member]	Dec. 31, 2013 Assets, Total [Member]	Sep. 30, 2014 Borrowings [Member]	Dec. 31, 2013 Borrowings [Member]	Sep. 30, 2014 Nonrecourse Borrowings [Member]	Dec. 31, 2013 Nonrecourse Borrowings [Member]	Sep. 30, 2014 Liabilities Other [Member]	Dec. 31, 2013 Liabilities Other [Member]	Sep. 30, 2014 Liabilities, Total [Member]	Dec. 31, 2013 Liabilities, Total [Member]	Sep. 30, 2014 Consolidated Variable Interest Entities [Member]	Sep. 30, 2013 Consolidated Variable Interest Entities [Member]	Sep. 30, 2014 Consolidated Variable Interest Entities [Member]	Sep. 30, 2013 Consolidated Variable Interest Entities [Member]	Sep. 30, 2014 Power Generating Activities Entity [Member]	Sep. 30, 2014 Industrial Equipment Joint Venture [Member]	Sep. 30, 2014 Consolidated Securitization Entities [Member]	Dec. 31, 2013 Consolidated Securitization Entities [Member]	Sep. 30, 2014 Other 1 [Member] Loans and Finance Receivables [Member]	Dec. 31, 2013 Other 1 [Member] Loans and Finance Receivables [Member]	Sep. 30, 2014 Other 1 [Member] Investment Securities [Member]	Dec. 31, 2013 Other 1 [Member] Investment Securities [Member]	Sep. 30, 2014 Other 1 [Member] Assets Other [Member]	Dec. 31, 2013 Other 1 [Member] Assets Other [Member]	Sep. 30, 2014 Other 1 [Member] Assets, Total [Member]	Dec. 31, 2013 Other 1 [Member] Assets, Total [Member]	Sep. 30, 2014 Other 1 [Member] Insurance Entities [Member] Assets, Total [Member]	Sep. 30, 2014 Other 1 [Member] Insurance Entities [Member] Liabilities, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member]	Sep. 30, 2013 Subsidiaries GECC [Member]	Sep. 30, 2014 Subsidiaries GECC [Member]	Sep. 30, 2013 Subsidiaries GECC [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Loans and Finance Receivables [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Loans and Finance Receivables [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Investment Securities [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Investment Securities [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Assets Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Assets Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Assets, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Assets, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Nonrecourse Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Nonrecourse Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Liabilities Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Liabilities Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trinity [Member] Liabilities, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trinity [Member] Liabilities, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Other 1 [Member] Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Other 1 [Member] Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Other 1 [Member] Nonrecourse Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Other 1 [Member] Nonrecourse Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Other 1 [Member] Liabilities Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Other 1 [Member] Liabilities Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Other 1 [Member] Liabilities, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Other 1 [Member] Liabilities, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Loans and Finance Receivables [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Loans and Finance Receivables [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Investment Securities [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Investment Securities [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Assets Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Assets Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Assets, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Assets, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Nonrecourse Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Nonrecourse Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Liabilities Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Liabilities Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Liabilities, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Credit Card Receivable [Member] Consolidated Securitization Entities [Member] Liabilities, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Loans and Finance Receivables [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Loans and Finance Receivables [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Investment Securities [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Investment Securities [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Assets Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Assets Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Assets, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Assets, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Nonrecourse Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Nonrecourse Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Liabilities Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Liabilities Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Liabilities, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Equipment [Member] Consolidated Securitization Entities [Member] Liabilities, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Loans and Finance Receivables [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Loans and Finance Receivables [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Investment Securities [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Investment Securities [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Assets Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Assets Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Assets, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Assets, Total [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Nonrecourse Borrowings [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Nonrecourse Borrowings [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Liabilities Other [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Liabilities Other [Member]	Sep. 30, 2014 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Liabilities, Total [Member]	Dec. 31, 2013 Subsidiaries GECC [Member] Trade Accounts Receivable [Member] Consolidated Securitization Entities [Member] Liabilities, Total [Member]
Assets And Liabilities Of Consolidated VIEs [Line Items]
Assets VIE					$ 43,690	$ 42,247	$ 3,500	$ 3,830	$ 4,744	$ 3,220	$ 51,934	$ 49,297													$ 681	$ 1,552			$ 2,754	$ 2,044	$ 1,049	$ 1,044	$ 2,865	$ 2,430	$ 6,668	$ 5,518	$ 1,222								$ 0	$ 0	$ 2,451	$ 2,786	$ 108	$ 213	$ 2,559	$ 2,999																	$ 25,043	$ 24,766	$ 0	$ 0	$ 999	$ 20	$ 26,042	$ 24,786									$ 12,849	$ 12,928	$ 0	$ 0	$ 771	$ 557	$ 13,620	$ 13,485									$ 3,044	$ 2,509	$ 0	$ 0	$ 1	$ 0	$ 3,045	$ 2,509
Liabilities VIE													547	598	28,780	28,574	3,731	3,334	33,058	32,506						690												578															0	0	0	0	1,285	1,482	1,285	1,482	547	598	447	49	1,498	1,351	2,492	1,998									0	0	15,091	15,363	331	228	15,422	15,591									0	0	10,763	10,982	596	248	11,359	11,230									0	0	2,479	2,180	21	25	2,500	2,205
Total revenues of consolidated VIEs	36,174	35,661	106,585	105,663																	2,070	1,950	5,780	5,598															10,451	10,606	31,213	32,990
Provision for Loan and Lease Losses	957	789	2,895	3,256																	246	175	814	764															957	789	2,895	3,256
Interest And Other Financial Charges	2,357	2,445	7,116	7,648																	93	85	262	270															2,093	2,224	6,325	6,994
Commingled cash amounts owed to CSEs																											3,040	6,314
Commingled cash receivable from CSEs																											2,918	5,540
Intercompany Advances Eliminated In Consolidation																																											$ 1,490	$ 1,837

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Financial Instruments (Free-standing derivatives) (Details) (Free Standing Derivatives [Member], Nondesignated as Hedges, USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Free standing derivatives
Gain (loss) on derivatives	$ (575)	$ (960)
Interest Rate Contract [Member]
Free standing derivatives
Gain (loss) on derivatives	(24)	(90)
Foreign Exchange Contract [Member]
Free standing derivatives
Gain (loss) on derivatives	(581)	(1,011)
Other Contract [Member]
Free standing derivatives
Gain (loss) on derivatives	$ 30	$ 141

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Document and Entity Information	9 Months Ended
	Sep. 30, 2014
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2014
Entity Registrant Name	General Electric Company
Entity Central Index Key	0000040545
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding	10,033,903,754

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Income Taxes

9 Months Ended

Sep. 30, 2014

Income Tax Disclosure [Abstract]

Income Taxes

10. INCOME TAXES

Unrecognized Tax Benefits
(In millions)	September 30, 2014		December 31, 2013
Unrecognized tax benefits	$	5,877	$	5,816
Portion that, if recognized, would reduce tax
expense and effective tax rate(a)		3,973		4,307
Accrued interest on unrecognized tax benefits		823		975
Accrued penalties on unrecognized tax benefits		100		164
Reasonably possible reduction to the balance of
unrecognized tax benefits in succeeding 12 months		0-650		0-900
Portion that, if recognized, would reduce tax
expense and effective tax rate(a)		0-100		0-350

(a) Some portion of such reduction may be reported as discontinued operations.

The Internal Revenue Service (IRS) is currently auditing our consolidated U.S. income tax returns for 2010-2011. In addition, certain other U.S. tax deficiency issues and refund claims for previous years are still unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We have contested the disallowance of this loss. It is reasonably possible that the unresolved items could be resolved during the next 12 months, which could result in a decrease in our balance of unrecognized tax benefits – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties.

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Fair Value Measurements (Changes in Level 3 Instruments) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Changes in Level 3 Instruments
Changes in Level 3, beginning balance			$ 2,816
Changes in Level 3, ending balance	2,947		2,947
Cash Accruals Not Included In Schedule Assets Measured For Fair Value On Recurring Basis	12	8	12	8
US Corporate
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	3,155	3,229	2,953	3,591
Net realized/unrealized gains (losses) included in earnings	7	24	27	(247)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(9)	(32)	103	184
Purchases	102	160	449	257
Sales	(63)	(34)	(222)	(383)
Settlements	(91)	(49)	(230)	(139)
Transfers into Level 3	32	0	170	108
Transfers out of Level 3	(16)	0	(133)	(73)
Changes in Level 3, ending balance	3,117	3,298	3,117	3,298
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
State and municipal
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	560	98	96	77
Net realized/unrealized gains (losses) included in earnings	0	0	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	(4)	31	(8)
Purchases	4	4	17	20
Sales	(10)	0	(17)	0
Settlements	(1)	(4)	(9)	(5)
Transfers into Level 3	19	0	454	10
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	572	94	572	94
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Residential Mortgage Backed Securities
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	66	91	86	100
Net realized/unrealized gains (losses) included in earnings	0	0	1	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	(2)	0	(4)
Purchases	0	0	0	0
Sales	0	0	(16)	(2)
Settlements	(3)	(1)	(8)	(6)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(47)	0	(47)	0
Changes in Level 3, ending balance	16	88	16	88
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Commercial mortgage backed
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	12	5	10	6
Net realized/unrealized gains (losses) included in earnings	0	0	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	0	0	0
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	(2)	(1)	(2)	(2)
Transfers into Level 3	0	10	2	10
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	10	14	10	14
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Asset-backed
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	7,277	5,346	6,898	5,023
Net realized/unrealized gains (losses) included in earnings	1	1	3	3
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(106)	36	(132)	(32)
Purchases	784	569	1,780	1,479
Sales	0	0	0	(1)
Settlements	(689)	(14)	(1,272)	(539)
Transfers into Level 3	0	0	0	12
Transfers out of Level 3	0	0	(10)	(7)
Changes in Level 3, ending balance	7,267	5,938	7,267	5,938
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Corporate - non-U.S.
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	1,054	1,197	1,064	1,218
Net realized/unrealized gains (losses) included in earnings	6	(29)	9	(112)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(18)	(2)	61	18
Purchases	179	1,827	614	4,637
Sales	(10)	0	(75)	(3)
Settlements	(208)	(1,930)	(665)	(4,672)
Transfers into Level 3	0	0	1	21
Transfers out of Level 3	0	(10)	(6)	(54)
Changes in Level 3, ending balance	1,003	1,053	1,003	1,053
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Government - non-U.S.
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	1	38	31	42
Net realized/unrealized gains (losses) included in earnings	0	1	0	1
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	(6)	0	(10)
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	(1)	0	(31)	0
Changes in Level 3, ending balance	0	33	0	33
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
U.S. Government and federal agency
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	249	264	225	277
Net realized/unrealized gains (losses) included in earnings	0	0	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	6	(52)	32	(65)
Purchases	0	0	0	0
Sales	0	0	0	0
Settlements	0	0	0	0
Transfers into Level 3	9	0	9	0
Transfers out of Level 3	0	0	(2)	0
Changes in Level 3, ending balance	264	212	264	212
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Retained interest
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	73	93	72	83
Net realized/unrealized gains (losses) included in earnings	32	0	35	5
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(10)	(11)	(5)	5
Purchases	0	0	1	2
Sales	(67)	0	(67)	0
Settlements	(1)	(4)	(9)	(17)
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	0	0	0	0
Changes in Level 3, ending balance	27	78	27	78
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Available-for-sale Securities
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	9	10	11	13
Net realized/unrealized gains (losses) included in earnings	0	0	0	0
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	0	0	0
Purchases	0	0	2	0
Sales	0	0	(2)	0
Settlements	0	0	(2)	0
Transfers into Level 3	0	1	0	0
Transfers out of Level 3	0	0	0	(2)
Changes in Level 3, ending balance	9	11	9	11
Net change in unrealized gains (losses) relating to instruments still held	0	0	0	0
Derivatives
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	151	167	164	416
Net realized/unrealized gains (losses) included in earnings	(13)	1	(25)	(52)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	1	1	1	2
Purchases	(3)	(1)	(4)	(2)
Sales	0	0	0	0
Settlements	(1)	2	1	(221)
Transfers into Level 3	0	2	(1)	28
Transfers out of Level 3	(1)	(1)	(2)	0
Changes in Level 3, ending balance	134	171	134	171
Net change in unrealized gains (losses) relating to instruments still held	15	(13)	19	30
Other 1 [Member]
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	357	854	494	799
Net realized/unrealized gains (losses) included in earnings	3	16	17	(81)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	0	(1)	0	3
Purchases	266	148	523	352
Sales	(1)	(295)	(16)	(351)
Settlements	(280)	0	(392)	0
Transfers into Level 3	0	0	0	0
Transfers out of Level 3	2	(4)	(279)	(4)
Changes in Level 3, ending balance	347	718	347	718
Net change in unrealized gains (losses) relating to instruments still held	0	34	(4)	121
Total
Changes in Level 3 Instruments
Changes in Level 3, beginning balance	12,964	11,392	12,104	11,645
Net realized/unrealized gains (losses) included in earnings	36	14	67	(483)
Net realized/unrealized gains (losses) included in accumulated other comprehensive income	(136)	(73)	91	93
Purchases	1,332	2,707	3,382	6,745
Sales	(151)	(329)	(415)	(740)
Settlements	(1,276)	(2,001)	(2,588)	(5,601)
Transfers into Level 3	60	13	635	189
Transfers out of Level 3	(63)	(15)	(510)	(140)
Changes in Level 3, ending balance	12,766	11,708	12,766	11,708
Net change in unrealized gains (losses) relating to instruments still held	$ 15	$ 21	$ 15	$ 151

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Financial Instruments (Net investment hedges in foreign operations) (Details) (Foreign Exchange Contract [Member], Net Investment Hedge [Member], USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Foreign Exchange Contract [Member] | Net Investment Hedge [Member]
Net investment hedges in foreign operation
Gain (loss) recognized in AOCI	$ 2,792	$ 645	$ 2,194	$ 3,162
Gain (loss) reclassified from AOCI into earnings	(24)	(169)	(14)	(278)
Gain (loss) on hedged items	$ (147)	$ (161)	$ (458)	$ (514)

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Condensed Consolidated Statement of Changes in Shareowners' Equity (Unaudited) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Statement Of Changes In Shareowners Equity [Abstract]
GE shareowners' equity balance at January 1	$ 130,566	$ 123,026
Net earnings attributable to the Company	10,081	9,851
Dividends and other transactions with shareowners	(6,635)	(5,839)
Other comprehensive income attributable to Company	1,010	2,367
Net sales (purchases) of shares for treasury	(444)	(6,454)
Changes in other capital	420	(259)
Ending balance at September 30	134,998	122,692
Noncontrolling interests	8,513	6,353
Total equity balance at September 30	$ 143,511	$ 129,045

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Inventories

9 Months Ended

Sep. 30, 2014

Inventory, Net [Abstract]

Inventories

4. INVENTORIES

(In millions)	September 30, 2014		December 31, 2013
Raw materials and work in process	$	10,593	$	10,220
Finished goods		8,084		6,794
Unbilled shipments		878		584
		19,555		17,598
Less revaluation to LIFO		(124)		(273)
Total	$	19,431	$	17,325

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Investment Securities

9 Months Ended

Sep. 30, 2014

Investments, Debt and Equity Securities [Abstract]

Investment Securities

3. INVESTMENT SECURITIES

Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment-grade debt securities supporting obligations to annuitants, policyholders in our run-off insurance operations and supporting obligations to holders of guaranteed investment contracts (GICs) in Trinity and investments held in our CLL business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries. We do not have any securities classified as held-to-maturity.

	September 30, 2014								December 31, 2013
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value
GE
Debt
U.S. corporate	$	5	$	2	$	-	$	7	$	21	$	14	$	-	$	35
Corporate – non-U.S.		14		-		-		14		13		-		(1)		12
Equity
Available-for-sale		305		4		(131)		178		302		9		(41)		270
Trading		119		-		-		119		6		-		-		6
		443		6		(131)		318		342		23		(42)		323
GECC
Debt
U.S. corporate		20,000		3,524		(99)		23,425		19,600		2,323		(217)		21,706
State and municipal		5,176		517		(89)		5,604		4,245		235		(191)		4,289
Residential mortgage-backed(a)		1,698		155		(25)		1,828		1,819		139		(48)		1,910
Commercial mortgage-backed		2,993		181		(40)		3,134		2,929		188		(82)		3,035
Asset-backed		7,767		12		(119)		7,660		7,373		60		(46)		7,387
Corporate – non-U.S.		1,569		175		(44)		1,700		1,741		103		(86)		1,758
Government – non-U.S.		2,250		129		(2)		2,377		2,336		81		(7)		2,410
U.S. government and federal
agency		579		53		-		632		752		45		(27)		770
Retained interests		25		2		-		27		64		8		-		72
Equity
Available-for-sale		251		51		(10)		292		203		51		(3)		251
Trading		22		-		-		22		74		-		-		74
		42,330		4,799		(428)		46,701		41,136		3,233		(707)		43,662
Eliminations		(3)		-		-		(3)		(4)		-		-		(4)
Total	$	42,770	$	4,805	$	(559)	$	47,016	$	41,474	$	3,256	$	(749)	$	43,981

(a)Substantially collateralized by U.S. mortgages. At September 30, 2014, $1,218 million related to securities issued by government-sponsored entities and $610 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

Estimated Fair Value and Gross Unrealized Losses of Available-for-Sale Investment Securities
	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)
September 30, 2014
Debt
U.S. corporate	$	647	$	(8)	$	1,433	$	(91)
State and municipal		134		(2)		649		(87)
Residential mortgage-backed		96		(1)		436		(24)
Commercial mortgage-backed		126		(1)		853		(39)
Asset-backed		7,172		(86)		274		(33)
Corporate – non-U.S.		29		-		317		(44)
Government – non-U.S.		880		(2)		2		-
U.S. government and federal agency		-		-		7		-
Retained interests		-		-		-		-
Equity		235		(141)		-		-
Total	$	9,319	$	(241)	$	3,971	$	(318)	(c)
December 31, 2013
Debt
U.S. corporate	$	2,170	$	(122)	$	598	$	(95)
State and municipal		1,076		(82)		367		(109)
Residential mortgage-backed		232		(11)		430		(37)
Commercial mortgage-backed		396		(24)		780		(58)
Asset-backed		112		(2)		359		(44)
Corporate – non-U.S.		108		(4)		454		(83)
Government – non-U.S.		1,479		(6)		42		(1)
U.S. government and federal agency		229		(27)		254		-
Retained interests		2		-		-		-
Equity		253		(44)		-		-
Total	$	6,057	$	(322)	$	3,284	$	(427)

(a) Includes the estimated fair value of and gross unrealized losses on Corporate-non-U.S. and Equity securities held by GE. At September 30, 2014, the estimated fair value of and gross unrealized losses on Equity securities were $149 million and $(131)million, respectively. At December 31, 2013, the estimated fair value of and gross unrealized losses on Corporate-non-U.S. securities were $12 million and $(1)million, respectively. The estimated fair value of and gross unrealized losses on Equity securities were $222 million and $(41) million, respectively.

(b) Included gross unrealized losses related to securities that had other-than-temporary impairments previously recognized of $(55) million at September 30, 2014.

(c)The majority relate to debt securities held to support obligations to holders of GICs and more than 70% are debt securities that were considered to be investment-grade by the major rating agencies at September 30, 2014.

We regularly review investment securities for other-than-temporary impairment (OTTI) using both qualitative and quantitative criteria. For debt securities, our qualitative review considers our ability and intent to hold the security and the financial condition of and near-term prospects for the issuer, including whether the issuer is in compliance with the terms and covenants of the security. Our quantitative review considers whether there has been an adverse change in expected future cash flows. Unrealized losses are not indicative of the amount of credit loss that would be recognized and at September 30, 2014 are primarily due to increases in market yields subsequent to our purchase of the securities. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell the vast majority of these securities before anticipated recovery of our amortized cost. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during the nine months ended September 30, 2014 have not changed. For equity securities, we consider the duration and the severity of the unrealized loss. We believe that the unrealized loss associated with our equity securities will be recovered within the foreseeable future.

Our corporate debt portfolio comprises securities issued by public and private corporations in various industries, primarily in the U.S. Substantially all of our corporate debt securities are rated investment grade by the major rating agencies.

Our RMBS portfolio is collateralized primarily by pools of individual, direct mortgage loans, of which substantially all are in a senior position in the capital structure of the deals, not other structured products such as collateralized debt obligations. Of the total RMBS held at September 30, 2014, $1,218 million and $610 million related to agency and non-agency securities, respectively. Additionally, $316 million was related to residential subprime credit securities, primarily supporting our guaranteed investment contracts. Substantially all of the subprime exposure is related to securities backed by mortgage loans originated in 2006 and prior. A majority of subprime RMBS have been downgraded to below investment grade and are insured by Monoline insurers (Monolines). We continue to place partial reliance on Monolines with adequate capital and claims paying resources depending on the extent of the Monoline’s anticipated ability to cover expected credit losses.

Our commercial mortgage-backed securities (CMBS) portfolio is collateralized by both diversified pools of mortgages that were originated for securitization (conduit CMBS) and pools of large loans backed by high-quality properties (large loan CMBS), a majority of which were originated in 2007 and prior. The vast majority of the securities in our CMBS portfolio have investment-grade credit ratings.

Our asset-backed securities (ABS) portfolio is collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries, as well as a variety of diversified pools of assets such as student loans and credit cards. The vast majority of the securities in our ABS portfolio are in a senior position in the capital structure of the deals.

Pre-tax, Other-Than-Temporary Impairments on Investment Securities
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Total pre-tax, OTTI recognized	$	5	$	62	$	52	$	523
Less pre-tax, OTTI recognized in AOCI		-		(6)		(4)		(36)
Pre-tax, OTTI recognized in earnings(a)	$	5	$	56	$	48	$	487

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of an insignificant amountand $13 million in the three months ended September 30, 2014 and 2013, respectively, and $3million and $14 million in the nine months ended September 30, 2014 and 2013, respectively

Changes in Cumulative Credit Loss Impairments Recognized on Debt Securities Still Held
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Cumulative credit loss impairments recognized,
beginning of period	$	1,171	$	945	$	1,193	$	588
Credit loss impairments recognized on securities
not previously impaired		2		-		3		385
Incremental credit loss impairments recognized
on securities previously impaired		3		42		34		61
Less credit loss impairments previously
recognized on securities sold during the period		6		52		60		99
Cumulative credit loss impairments recognized,
end of period	$	1,170	$	935	$	1,170	$	935

Contractual Maturities of Investment in Available-for-Sale Debt Securities
(Excluding Mortgage-Backed and Asset-Backed Securities)
	Amortized		Estimated
(In millions)	cost		fair value
Due
Within one year	$	1,850	$	1,857
After one year through five years		3,807		4,150
After five years through ten years		5,294		5,626
After ten years		18,642		22,126

We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations.

Gross Realized Gains and Losses on Available-for-Sale Investment Securities
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
GE
Gains	$	-	$	-	$	2	$	1
Losses, including impairments		-		-		-		(20)
Net		-		-		2		(19)
GECC
Gains		42		34		104		219
Losses, including impairments		(8)		(60)		(53)		(477)
Net		34		(26)		51		(258)
Total	$	34	$	(26)	$	53	$	(277)

Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders. In some of our bank subsidiaries, we maintain a certain level of purchases and sales volume principally of non-U.S. government debt securities. In these situations, fair value approximates carrying value for these securities.

Proceeds from investment securities sales and early redemptions by issuers totaled $1,689 million and $4,240 million for the three and nine months ended September 30, 2014, respectively, principally from sales of short-term government securities in our bank subsidiaries and Treasury operations and redemptions of non-U.S. corporate and asset-backed securities in our CLL business.

Proceeds from investment securities sales and early redemptions by issuers totaled $2,890 million and $16,828 million for the three and nine months ended September 30, 2013, respectively, principally from the sale of Comcast guaranteed debt, sales of short-term securities in our bank subsidiaries and Treasury operations and redemptions of non-U.S.corporate and asset-backed securities in our CLL business.

We recognized pre-tax gains (losses) on trading securities of $56 million and $(2) million in the three months ended September 30, 2014 and 2013, respectively, and $52 million and $49 million in the nine months ended September 30, 2014 and 2013, respectively.

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Financial Instruments

9 Months Ended

Sep. 30, 2014

Financial Instruments [Abstract]

Financial Instruments

15. FINANCIAL INSTRUMENTS

The following table provides information about assets and liabilities not carried at fair value. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities’ fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity.

	September 30, 2014						December 31, 2013
			Assets (liabilities)						Assets (liabilities)
			Carrying						Carrying
	Notional		amount		Estimated		Notional		amount		Estimated
(In millions)	amount		(net)		fair value		amount		(net)		fair value
GE
Assets
Investments and notes
receivable	$	(a)	$	447	$	477	$	(a)	$	488	$	512
Liabilities
Borrowings(b)		(a)		(16,586)		(17,405)		(a)		(13,356)		(13,707)
GECC
Assets
Loans		(a)		212,454		217,203		(a)		226,293		230,792
Other commercial mortgages		(a)		2,838		2,886		(a)		2,270		2,281
Loans held for sale		(a)		2,446		2,574		(a)		512		512
Other financial instruments(c)		(a)		812		1,224		(a)		1,622		2,203
Liabilities
Borrowings and bank
deposits(b)(d)		(a)		(358,457)		(374,185)		(a)		(371,062)		(386,823)
Investment contract benefits		(a)		(3,007)		(3,584)		(a)		(3,144)		(3,644)
Guaranteed investment contracts		(a)		(1,265)		(1,273)		(a)		(1,471)		(1,459)
Insurance – credit life(e)		2,057		(100)		(87)		2,149		(108)		(94)

(a)These financial instruments do not have notional amounts.

(b)See Note 8.

(c)Principally comprises cost method investments.

(d)Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at September 30, 2014 and December 31, 2013 would have been reduced by $3,824 million and $2,284 million, respectively.

(e)Net of reinsurance of $964 million and $1,250 million at September 30, 2014 and December 31, 2013, respectively.

Notional Amounts of Loan Commitments
(In millions)	September 30, 2014		December 31, 2013
Ordinary course of business lending commitments(a)	$	4,511	$	4,756
Unused revolving credit lines(b)
Commercial(c)		14,145		16,570
Consumer – principally credit cards		310,602		290,662

• Excluded investment commitments of $1,007 million and $1,395 million at September 30, 2014 and December 31, 2013, respectively.
• Excluded amounts related to inventory financing arrangements, which may be withdrawn at our option, of $15,972 million and $13,502 million at September 30, 2014 and December 31, 2013, respectively.
• Included amounts related to commitments of $9,797 million and $11,629 million at September 30, 2014 and December 31, 2013, respectively, associated with secured financing arrangements that could have increased to a maximum of $12,241 million and $14,590 million at September 30, 2014 and December 31, 2013, respectively, based on asset volume under the arrangement.

Securities Repurchase and Reverse Repurchase Arrangements

Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. At September 30, 2014, we were party to repurchase agreements totaling $175 million, which were reported in short-term borrowings on the financial statements. We have had no repurchase agreements that were accounted for as off-book financing and we do not engage in securities lending transactions.

We also enter into reverse securities repurchase agreements, primarily for short-term investment with maturities of 90 days or less. At September 30, 2014, we were party to reverse repurchase agreements totaling $12.2 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements.

Derivatives and Hedging

As a matter of policy, we use derivatives for risk management purposes and we do not use derivatives for speculative purposes. A key risk management objective for our financial services businesses is to mitigate interest rate and currency risk by seeking to ensure that the characteristics of the debt match the assets they are funding. If the form (fixed versus floating) and currency denomination of the debt we issue do not match the related assets, we typically execute derivatives to adjust the nature and tenor of funding to meet this objective within pre-defined limits. The determination of whether we enter into a derivative transaction or issue debt directly to achieve this objective depends on a number of factors, including market related factors that affect the type of debt we can issue.

The notional amounts of derivative contracts represent the basis upon which interest and other payments are calculated and are reported gross, except for offsetting foreign currency forward contracts that are executed in order to manage our currency risk of net investment in foreign subsidiaries. Of the outstanding notional amount of $341,000 million, approximately 88% or $301,000 million, is associated with reducing or eliminating the interest rate, currency or market risk between financial assets and liabilities in our financial services businesses. The remaining derivative activities primarily relate to hedging against adverse changes in currency exchange rates and commodity prices related to anticipated sales and purchases and contracts containing certain clauses that meet the accounting definition of a derivative. The instruments used in these activities are designated as hedges when practicable. When we are not able to apply hedge accounting, or when the derivative and the hedged item are both recorded in earnings concurrently, the derivatives are deemed economic hedges and hedge accounting is not applied. This most frequently occurs when we hedge a recognized foreign currency transaction (e.g., a receivable or payable) with a derivative. Since the effects of changes in exchange rates are reflected concurrently in earnings for both the derivative and the transaction, the economic hedge does not require hedge accounting.

Fair Value of Derivatives
	September 30, 2014				December 31, 2013
(In millions)		Assets		Liabilities		Assets		Liabilities
Derivatives accounted for as hedges
Interest rate contracts	$	4,630	$	874	$	3,837	$	1,989
Currency exchange contracts		2,473		528		1,830		984
Other contracts		-		-		1		-
		7,103		1,402		5,668		2,973
Derivatives not accounted for as hedges
Interest rate contracts		256		139		270		169
Currency exchange contracts		1,888		2,644		2,257		2,245
Other contracts		235		45		284		42
		2,379		2,828		2,811		2,456
Gross derivatives recognized in statement of
financial position
Gross derivatives		9,482		4,230		8,479		5,429
Gross accrued interest		1,200		35		1,227		241
		10,682		4,265		9,706		5,670
Amounts offset in statement of financial position
Netting adjustments(a)		(3,586)		(3,606)		(4,120)		(4,113)
Cash collateral(b)		(3,600)		(283)		(2,619)		(242)
		(7,186)		(3,889)		(6,739)		(4,355)
Net derivatives recognized in statement of
financial position
Net derivatives		3,496		376		2,967		1,315
Amounts not offset in statement of
financial position
Securities held as collateral(c)		(3,123)		-		(1,962)		-
Net amount	$	373	$	376	$	1,005	$	1,315

Derivatives are classified in all other assets and all other liabilities and the related accrued interest is classified in other GECC receivables and all other liabilities in our financial statements.

• The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts include fair value adjustments related to our own and counterparty non-performance risk. At September 30, 2014 and December 31, 2013, the cumulative adjustment for non-performance risk was a gain (loss) of $20 million and $(7) million, respectively.
• Excluded excess cash collateral received and posted of $81 million and $93 million, and $160 million and $37 million at September 30, 2014 and December 31, 2013, respectively.
• Excluded excess securities collateral received of $110 million and $363 million at September 30, 2014 and December 31, 2013, respectively.

Fair value hedges

We use interest rate and currency exchange derivatives to hedge the fair value effects of interest rate and currency exchange rate changes on local and non-functional currency denominated fixed-rate debt. For relationships designated as fair value hedges, changes in fair value of the derivatives are recorded in earnings within interest and other financial charges, along with offsetting adjustments to the carrying amount of the hedged debt.

Earnings Effect of Fair Value Hedging Relationships
	Three months ended September 30
	2014				2013
	Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
	on hedging		on hedged		on hedging		on hedged
(In millions)	derivatives		items		derivatives		items
Interest rate contracts	$	341	$	(350)	$	(449)	$	410
Currency exchange contracts		(8)		8		(4)		3

Fair value hedges resulted in $(9) million and $(40)million of ineffectiveness in the three months ended September 30, 2014 and 2013, respectively. In both the three months ended September 30, 2014 and 2013, there were insignificant amounts excluded from the assessment of effectiveness. 

	Nine months ended September 30
	2014				2013
	Gain (loss)		Gain (loss)		Gain (loss)		Gain (loss)
	on hedging		on hedged		on hedging		on hedged
(In millions)	derivatives		items		derivatives		items
Interest rate contracts	$	2,056	$	(2,129)	$	(4,295)	$	4,236
Currency exchange contracts		(11)		10		(11)		10

Fair value hedges resulted in $(74) million and $(60)million of ineffectiveness in the nine months ended September 30, 2014 and 2013, respectively. In both the nine months ended September 30, 2014 and 2013, there were insignificant amounts excluded from the assessment of effectiveness.

Cash flow hedges

We use interest rate, currency exchange and commodity derivatives to reduce the variability of expected future cash flows associated with variable rate borrowings and commercial purchase and sale transactions, including commodities. For derivatives that are designated in a cash flow hedging relationship, the effective portion of the change in fair value of the derivative is reported as a component of AOCI and reclassified into earnings contemporaneously and in the same caption with the earnings effects of the hedged transaction.

Gains (Losses) Recognized through AOCI
					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the three months ended September 30				for the three months ended September 30
(In millions)	2014		2013		2014		2013
Interest rate contracts	$	9	$	(24)	$	(53)	$	(88)
Currency exchange contracts		(318)		58		(361)		114
Commodity contracts		(1)		1		-		(1)
Total(a)	$	(310)	$	35	$	(414)	$	25

(a)Gain (loss) is recorded in GECC revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

					Gain (loss) reclassified
	Gain (loss) recognized in AOCI				from AOCI into earnings
	for the nine months ended September 30				for the nine months ended September 30
(In millions)	2014		2013		2014		2013
Interest rate contracts	$	-	$	(15)	$	(182)	$	(282)
Currency exchange contracts		(343)		372		(412)		290
Commodity contracts		(2)		(6)		(2)		(3)
Total(a)	$	(345)	$	351	$	(596)	$	5

(a) Gain (loss) is recorded in GECC revenues from services, interest and other financial charges, and other costs and expenses when reclassified to earnings.

The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was an$81 million loss at September 30, 2014. We expect to transfer $220 million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the nine months ended September 30, 2014 and 2013, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At September 30, 2014 and 2013, the maximum term of derivative instruments that hedge forecasted transactions was 18 years and 19 years, respectively. See Note 11 for additional information about reclassifications out of AOCI.

For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness were insignificant for each reporting period.

Net investment hedges in foreign operations

We use currency exchange derivatives to protect our net investments in global operations conducted in non-U.S. dollar currencies. For derivatives that are designated as hedges of net investment in a foreign operation, we assess effectiveness based on changes in spot currency exchange rates. Changes in spot rates on the derivative are recorded as a component of AOCI until such time as the foreign entity is substantially liquidated or sold, or upon the loss of a controlling interest in a foreign entity. The change in fair value of the forward points, which reflects the interest rate differential between the two countries on the derivative, is excluded from the effectiveness assessment.

Gains (Losses) Recognized through CTA
	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the three months ended September 30				for the three months ended September 30
(In millions)	2014		2013		2014		2013
Currency exchange contracts(a)	$	2,792	$	645	$	(24)	$	(169)

(a)Gain (loss) is recorded in GECC revenues from services when reclassified out of AOCI.

	Gain (loss) recognized in CTA				Gain (loss) reclassified from CTA
	for the nine months ended September 30				for the nine months ended September 30
(In millions)	2014		2013		2014		2013
Currency exchange contracts(a)	$	2,194	$	3,162	$	(14)	$	(278)

(a) Gain (loss) is recorded in GECC revenues from services when reclassified out of AOCI.

The amounts related to the change in the fair value of the forward points that are excluded from the measure of effectiveness were $(147) million and $(161) million in the three months ended September 30, 2014 and 2013, respectively, and $(458) million and $(514) million in the nine months ended September 30, 2014 and 2013, respectively, and were recorded in interest and other financial charges.

Free-standing derivatives

Changes in the fair value of derivatives that are not designated as hedges are recorded in earnings each period. As discussed above, these derivatives are typically entered into as economic hedges of changes in interest rates, currency exchange rates, commodity prices and other risks. Gains or losses related to the derivative are typically recorded in GECC revenues from services or other income, based on our accounting policy. In general, the earnings effects of the item that represent the economic risk exposure are recorded in the same caption as the derivative. Gains (losses) for the nine months ended September 30, 2014 on derivatives not designated as hedges were $(575) million composed of amounts related to interest rate contracts of $(24) million, currency exchange contracts of $(581) million, and other derivatives of $30 million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged. Gains (losses) for the nine months ended September 30, 2013 on derivatives not designated as hedges were $(960) million composed of amounts related to interest rate contracts of $(90) million, currency exchange contracts of $(1,011) million, and other derivatives of $141 million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged.

Counterparty credit risk

Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral.

As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $6,723 million at September 30, 2014, of which $3,600 million was cash and $3,123 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $283 million at September 30, 2014. At September 30, 2014, our exposure to counterparties (including accrued interest), net of collateral we hold, was $329 million. This excludes exposure related to embedded derivatives.

Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $334 million at September 30, 2014. This excludes embedded derivatives.

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Shareowners' Equity

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Shareowners' Equity

11. SHAREOWNERS’ EQUITY

Accumulated Other Comprehensive Income (Loss)
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Investment securities
Beginning balance	$	1,040	$	146	$	307	$	677
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $(146), $67, $310 and $(302)		(265)		155		484		(515)
Reclassifications from OCI – net of deferred taxes
of $(15), $11, $(19) and $124		(19)		15		(34)		153
Other comprehensive income (loss)(a)		(284)		170		450		(362)
Less OCI attributable to noncontrolling interests		1		1		2		-
Ending balance	$	755	$	315	$	755	$	315
Currency translation adjustments (CTA)
Beginning balance	$	61	$	358	$	126	$	412
OCI before reclassifications – net of deferred taxes		(1,575)		(327)		(1,674)		(313)
of $198, $(12), $314 and $(326)
Reclassifications from OCI – net of deferred taxes
of $1, $7, $124 and $85		(15)		(56)		25		(156)
Other comprehensive income (loss)(a)		(1,590)		(383)		(1,649)		(469)
Less OCI attributable to noncontrolling interests		(11)		11		(5)		(21)
Ending balance	$	(1,518)	$	(36)	$	(1,518)	$	(36)
Cash flow hedges
Beginning balance	$	(176)	$	(430)	$	(257)	$	(722)
OCI before reclassifications – net of deferred taxes		(329)		63		(421)		271
of $(44), $43, $(5) and $144
Reclassifications from OCI – net of deferred taxes
of $30, $(20), $39 and $(85)		384		(5)		557		80
Other comprehensive income (loss)(a)		55		58		136		351
Less OCI attributable to noncontrolling interests		-		(2)		-		(1)
Ending balance	$	(121)	$	(370)	$	(121)	$	(370)
Benefit plans
Beginning balance	$	(8,083)	$	(18,537)	$	(9,296)	$	(20,597)
Prior service credit (costs) - net of deferred taxes
of $212, $0, $212 and $0		374		-		374		-
Net actuarial gain (loss) – net of deferred taxes
of $(58), $(7), $(26) and $295		(107)		9		59		548
Net curtailment/settlement - net of deferred taxes
of $41, $0, $41 and $0		72		-		72		-
Prior service cost amortization – net of deferred taxes
of $62, $68, $192 and $201		85		100		273		298
Net actuarial loss amortization – net of deferred taxes
of $213, $334, $637 and $1,008		435		656		1,294		1,980
Other comprehensive income (loss)(a)		859		765		2,072		2,826
Less OCI attributable to noncontrolling interests		2		-		2		1
Ending balance	$	(7,226)	$	(17,772)	$	(7,226)	$	(17,772)
Accumulated other comprehensive income (loss) at
September 30	$	(8,110)	$	(17,863)	$	(8,110)	$	(17,863)

(a)Total other comprehensive income (loss) was $(960) million and $610 million in the three months ended September 30, 2014 and 2013, respectively, and $1,009 million and $2,346 million in the nine months ended September 30, 2014 and 2013, respectively.

Reclassification out of AOCI
	Three months endedSeptember 30					Nine months ended September 30
(In millions)		2014		2013		2014		2013		Statement of Earnings Caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities		$	34	$	(26)	$	53	$	(277)	Other income
			(15)		11		(19)		124	Benefit (provision) for income taxes
		$	19	$	(15)	$	34	$	(153)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions		$	14	$	49	$	(149)	$	71	Costs and expenses
			1		7		124		85	Benefit (provision) for income taxes
		$	15	$	56	$	(25)	$	156	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives		$	(53)	$	(88)	$	(182)	$	(282)	Interest and other financial charges
Foreign exchange contracts			(381)		62		(400)		168	(a)
Other			20		51		(14)		119	(b)
			(414)		25		(596)		5	Total before tax
			30		(20)		39		(85)	Benefit (provision) for income taxes
		$	(384)	$	5	$	(557)	$	(80)	Net of tax
Benefit plan items
Curtailment loss		$	(113)	$	-	$	(113)	$	-	(c)
Amortization of prior service costs			(147)		(168)		(465)		(499)	(c)
Amortization of actuarial gains (losses)			(648)		(990)		(1,931)		(2,988)	(c)
			(908)		(1,158)		(2,509)		(3,487)	Total before tax
			316		402		870		1,209	Benefit (provision) for income taxes
		$	(592)	$	(756)	$	(1,639)	$	(2,278)	Net of tax
Total reclassification adjustments		$	(942)	$	(710)	$	(2,187)	$	(2,355)	Net of tax

• Included $(357) million and $73 million in GECC revenues from services and $(24) million and $(11) million in interest and other financial charges in the three months ended September 30, 2014 and 2013, respectively, and $(368) million and $210 million in GECC revenues from services and $(32) million and $(42) million in interest and other financial charges in the nine months ended September 30, 2014 and 2013, respectively.
• Primarily recorded in costs and expenses.
• Curtailment loss, amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 9 for further information.

Noncontrolling Interests
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Beginning balance	$	6,054	$	6,302	$	6,217	$	5,444
Net earnings (loss)		(21)		(10)		(2)		140
GECC issuance of preferred stock		-		-		-		990
GECC preferred stock dividend		-		-		(161)		(135)
Dividends		(20)		(9)		(55)		(72)
Dispositions		(6)		(15)		(98)		(119)
Synchrony Financial IPO		2,393		-		2,393		-
Other (including AOCI)		113		85		219		105
Ending balance	$	8,513	$	6,353	$	8,513	$	6,353

GECC preferred stock is presented as noncontrolling interests in the GE consolidated Condensed Statement of Financial Position. GECC preferred stock dividends are presented as noncontrolling interests in the GE consolidated Condensed Statement of Earnings.

Other

GE’s authorized common stock consists of 13,200,000,000 shares having a par value of $0.06 each.

GECC paid quarterly dividends of $472 million and $500 million and special dividends of $333 million and $1,500 million to GE in the three months ended September 30, 2014 and 2013, respectively. GECC paid quarterly dividends of $1,555 million and $947 million and special dividends of $666 million and $3,000 million to GE in the nine months ended September 30, 2014 and 2013, respectively.

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Financial Instruments (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Financial Instruments
Effect of including interest rate and currency derivatives on borrowings and bank deposits	$ 3,824	$ 2,284
Reinsurance Recoverables	964	1,250
GE | Carrying amount
Financial Instruments
Investments and notes receivable	447	488
Borrowings	(16,586)	(13,356)
GE | Estimated fair value
Financial Instruments
Investments and notes receivable	477	512
Borrowings	(17,405)	(13,707)
GECC | Notional amount
Financial Instruments
Notional Amount Of Life Insurance Benefit Net	2,057	2,149
GECC | Carrying amount
Financial Instruments
Loans	212,454	226,293
Other commercial mortgages	2,838	2,270
Loans held for sale	2,446	512
Other financial instruments	812	1,622
Borrowings and bank deposits	(358,457)	(371,062)
Investment contract benefits	(3,007)	(3,144)
Guaranteed investment contracts	(1,265)	(1,471)
Liability for Future Policy Benefits, Life	(100)	(108)
GECC | Estimated fair value
Financial Instruments
Loans	217,203	230,792
Other commercial mortgages	2,886	2,281
Loans held for sale	2,574	512
Other financial instruments	1,224	2,203
Borrowings and bank deposits	(374,185)	(386,823)
Investment contract benefits	(3,584)	(3,644)
Guaranteed investment contracts	(1,273)	(1,459)
Liability for Future Policy Benefits, Life	$ (87)	$ (94)

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Goodwill and Other Intangibles Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

7. ACQUISITIONS, GOODWILL AND OTHER INTANGIBLE ASSETS

Acquisitions

On June 20, 2014, GE’s offer to acquire the Thermal, Renewables and Grid businesses of Alstom for $13.5 billion, net of $3.4 billion of assumed net cash in the businesses to be acquired, was positively recommended by Alstom’s board of directors. In addition, GE, Alstom and the French Government signed a memorandum of understanding for the formation of three joint ventures in grid technology, renewable energy, and global nuclear and French steam power. Alstom will invest $3.5 billion of cash in these joint ventures. The proposed transaction is subject to further reviews and approvals, including Alstom’s works councils and shareholder approval, as well as regulatory approvals. The transaction is targeted to close in 2015.

On June 2, 2014, we acquired Cameron’s Reciprocating Compression division for $550 million. The division provides reciprocating compression equipment and aftermarket services for oil and gas production, gas processing, gas distribution and independent power industries. The division is included in our Oil & Gas segment. The preliminary purchase price allocation resulted in goodwill of approximately $240 million and amortizable intangible assets of approximately $100 million. The allocation of the purchase price will be finalized upon completion of post-closing procedures.

In the first quarter of 2014, we acquired several businesses in our Healthcare segment. On February 12, 2014, we acquired API Healthcare (API) for $340 million in cash. API is a healthcare workforce management software and analytics solutions provider. The preliminary purchase price allocation resulted in goodwill of approximately $280 million and amortizable intangible assets of approximately $125 million. On March 21, 2014, we acquired certain Thermo Fisher Scientific Inc. life-science businesses for $1,065 million in cash. The primary business acquired, Hyclone, is a leading manufacturer of products used to support biopharmaceutical research and production. The preliminary purchase price allocation resulted in goodwill of approximately $700 million and amortizable intangible assets of approximately $320 million. The allocation of purchase prices will be finalized upon completion of post-closing procedures.

Goodwill
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2014		Acquisitions		and other		September 30, 2014
Power & Water	$	8,822	$	21	$	(26)	$	8,817
Oil & Gas		10,516		261		(32)		10,745
Energy Management		4,748		-		(34)		4,714
Aviation		9,103		-		(19)		9,084
Healthcare		16,643		1,008		(61)		17,590
Transportation		1,012		1		(34)		979
Appliances & Lighting		606		-		(376)		230
GE Capital		26,195		-		(529)		25,666
Corporate		3		31		-		34
Total	$	77,648	$	1,322	$	(1,111)	$	77,859

Goodwill balances increased by $211 million in the nine months ended September 30, 2014, primarily as a result of acquisitions at Healthcare and Oil & Gas, partially offset by the result of currency exchange effects of a stronger U.S. dollar,the reclassification of goodwill associated with Appliances and GEMB-Nordic to assets of businesses held for sale and dispositions.

We test goodwill for impairment annually in the third quarter of each year using data as of July 1 of that year. The impairment test consists of two steps: in step one, the carrying value of the reporting unit is compared with its fair value; in step two, which is applied when the carrying value is more than its fair value, the amount of goodwill impairment, if any, is derived by deducting the fair value of the reporting unit’s assets and liabilities from the fair value of its equity, and comparing that amount with the carrying amount of goodwill. We determined fair values for each of the reporting units using the market approach, when available and appropriate, or the income approach, or a combination of both. We assess the valuation methodology based upon the relevance and availability of the data at the time we perform the valuation. If multiple valuation methodologies are used, the results are weighted appropriately.

Valuations using the market approach are derived from metrics of publicly traded companies or historically completed transactions of comparable businesses. The selection of comparable businesses is based on the markets in which the reporting units operate giving consideration to risk profiles, size, geography, and diversity of products and services. A market approach is limited to reporting units for which there are publicly traded companies that have the characteristics similar to our businesses.

Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. We use our internal forecasts to estimate future cash flows and include an estimate of long-term future growth rates based on our most recent views of the long-term outlook for each business. Actual results may differ from those assumed in our forecasts. We derive our discount rates using a capital asset pricing model and analyzing published rates for industries relevant to our reporting units to estimate the cost of equity financing. We use discount rates that are commensurate with the risks and uncertainty inherent in the respective businesses and in our internally developed forecasts. Discount rates used in our reporting unit valuations ranged from 9.0% to 16.0%.

During the third quarter of 2014, we performed our annual impairment test of goodwill for all of our reporting units. Based on the results of our step one testing, the fair values of each of the GE reporting units exceeded their carrying values; therefore, the second step of the impairment test was not required to be performed for any of our reporting units and no goodwill impairment was recognized.

While all of our reporting units passed step one of our annual impairment testing, we identified one reporting unit for which the fair value was not substantially in excess of its carry value. Within our Energy Management operating segment, the Power Conversion reporting unit was determined to have a fair value in excess of its carry value by approximately 10%. The goodwill associated with the Power Conversion reporting unit was $1.6billion at September 30, 2014, representing approximately 2% of our total goodwill. While the reporting unit is not currently impaired, there may be an increased likelihood of impairment if certain estimates and assumptions are adversely affected. For example, the reporting unit’s fair value could be adversely affected and lead to a goodwill impairment if its actual results are below forecasted estimates, there is an increase in the discount rate used to discount these estimates or there is a decrease in market multiples.

As of September 30, 2014, we believe the goodwill is recoverable for all of the reporting units; however, there can be no assurances that the goodwill will not be impaired in future periods.

In 2013, while the Real Estate reporting unit’s book value was within the range of its fair value, we further substantiated our Real Estate goodwill balance by performing the second step analysis in which the implied fair value of goodwill exceeded its carrying value by approximately $3.7 billion. In the current year, it was determined that the second step was not required, as the results of step one indicated that the fair value of the Real Estate reporting unit exceeded its book value.

Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods.

Other Intangible Assets - Net
(In millions)	September 30, 2014		December 31, 2013
Intangible assets subject to amortization	$	14,249	$	14,150
Indefinite-lived intangible assets(a)		108		160
Total	$	14,357	$	14,310

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

Intangible Assets Subject to Amortization
	September 30, 2014						December 31, 2013
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	8,508	$	(2,575)	$	5,933	$	7,938	$	(2,312)	$	5,626
Patents and technology		6,894		(2,918)		3,976		6,602		(2,621)		3,981
Capitalized software		8,500		(5,301)		3,199		8,256		(5,252)		3,004
Trademarks		1,167		(243)		924		1,356		(295)		1,061
Lease valuations		594		(444)		150		703		(498)		205
Present value of future profits(a)		605		(605)		-		574		(574)		-
All other		456		(389)		67		632		(359)		273
Total	$	26,724	$	(12,475)	$	14,249	$	26,061	$	(11,911)	$	14,150

(a) Balances at September 30, 2014 and December 31, 2013 reflect adjustments of $300 million and $322 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

Intangible assets subject to amortization increased $663 million in the nine months ended September 30, 2014, primarily as a result of acquisitions at Healthcare and Oil & Gas, as well as the capitalization of new software across several business platforms.

Consolidated amortization expense related to intangible assets subject to amortization was $465million and $429million in the threemonths ended September 30, 2014and 2013, respectively, and $1,316million and $1,257million in the ninemonths ended September 30, 2014and 2013,respectively.

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Inventories (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Inventory, Net [Abstract]
Raw materials and work in process	$ 10,593	$ 10,220
Finished goods	8,084	6,794
Unbilled shipments	878	584
Inventory, Gross, Total	19,555	17,598
Less revaluation to LIFO	(124)	(273)
Total	$ 19,431	$ 17,325

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GECC Financing Receivables and Allowance for Losses on Financing Receivables

9 Months Ended

Sep. 30, 2014

Loans and Leases Receivable Disclosure [Abstract]

GECC Financing Receivables, Allowance For Losses On Financing Receivables and Supplemental Information On Credit Quality

5. GECC FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

(In millions)	September 30, 2014		December 31, 2013
Loans, net of deferred income	$	217,444	$	231,268
Investment in financing leases, net of deferred income		25,131		26,939
		242,575		258,207
Allowance for losses		(5,170)		(5,178)
Financing receivables – net(a)	$	237,405	$	253,029

Financing receivables at September 30, 2014 and December 31, 2013 included $372 million and $544 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination.

Financing Receivables by Portfolio and Allowance for Losses

During the first quarter of 2014, we combined our CLL Europe and CLL Asia portfolios into CLL International and we transferred our CLL Other portfolio to the CLL Americas portfolio. Prior-period amounts were reclassified to conform to the current-period presentation.

(In millions)	September 30, 2014		December 31, 2013
Commercial
CLL
Americas	$	66,871	$	69,036
International		43,268		47,431
Total CLL		110,139		116,467
Energy Financial Services		2,798		3,107
GE Capital Aviation Services (GECAS)		8,449		9,377
Other		134		318
Total Commercial		121,520		129,269
Real Estate		19,799		19,899
Consumer
Non-U.S. residential mortgages		27,674		30,501
Non-U.S. installment and revolving credit		10,098		13,677
U.S. installment and revolving credit		55,258		55,854
Non-U.S. auto		1,588		2,054
Other		6,638		6,953
Total Consumer		101,256		109,039
Total financing receivables		242,575		258,207
Allowance for losses		(5,170)		(5,178)
Total financing receivables – net	$	237,405	$	253,029

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Property, Plant and Equipment

9 Months Ended

Sep. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

(In millions)	September 30, 2014		December 31, 2013
Original cost	$	112,580	$	116,470
Less accumulated depreciation and amortization		(47,120)		(47,643)
Property, plant and equipment – net	$	65,460	$	68,827

Consolidated depreciation and amortization was $2,494 million and $2,577 million in the three months ended September 30, 2014 and 2013, respectively, and $6,995 million and $7,152 million in the nine months ended September 30, 2014 and 2013, respectively.

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GECC Borrowings and Bank Deposits

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

GECC Borrowings and Bank Deposits

8. BORROWINGS AND BANK DEPOSITS

(In millions)	September 30, 2014		December 31, 2013
Short-term borrowings
GE
Commercial paper	$	350	$	-
Payable to banks		652		346
Current portion of long-term borrowings		82		70
Other		959		1,425
Total GE short-term borrowings		2,043		1,841
GECC
Commercial paper
U.S.		21,999		24,877
Non-U.S.		3,014		4,168
Current portion of long-term borrowings(a)(b)		37,319		39,215
GE Interest Plus notes(c)		5,732		8,699
Other(b)		612		339
Total GECC short-term borrowings		68,676		77,298
Eliminations		(803)		(1,249)
Total short-term borrowings	$	69,916	$	77,890
Long-term borrowings
GE
Senior notes	$	13,944	$	10,968
Payable to banks		6		10
Other		593		537
Total GE long-term borrowings		14,543		11,515
GECC
Senior unsecured notes(a)(d)		170,048		186,433
Subordinated notes(e)		4,775		4,821
Subordinated debentures(f)		7,263		7,462
Other(b)(g)		16,649		11,563
Total GECC long-term borrowings		198,735		210,279
Eliminations		(99)		(129)
Total long-term borrowings	$	213,179	$	221,665
Non-recourse borrowings of consolidated securitization entities(h)	$	30,231	$	30,124
Bank deposits(i)	$	60,815	$	53,361
Total borrowings and bank deposits	$	374,141	$	383,040

(a)Included $461 million and $481millionof obligations to holders of GICs at September 30, 2014 and December 31, 2013, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC’s ratings, among other things.

(b) Included $7,385million and $9,468million of funding secured by real estate, aircraft and other collateral at September 30, 2014 and December 31, 2013, respectively, of which $2,524million and $2,868million is non-recourse to GECC at September 30, 2014 and December 31, 2013, respectively.

(c) Entirely variable denomination floating-rate demand notes.

(d) Included $700 million of debt at both September 30, 2014 and December 31, 2013 raised by a funding entity related to Penske Truck Leasing Co., L.P. (PTL). GECC, as co-issuer and co-guarantor of the debt, reports this amount as borrowings in its financial statements. GECC has been indemnified by the other limited partners of PTL for their proportionate share of the debt obligation. Also included $3,593 million related to Synchrony Financial. See Note 1.

(e) Included $300million of subordinated notes guaranteed by GE at both September 30, 2014 and December 31, 2013.

(f)Subordinated debentures receive rating agency equity credit.

(g) Included $7,495 million related to Synchrony Financial. See Note 1.

(h) Included $8,160 million and $9,047million of current portion of long-term borrowings at September 30, 2014 and December 31, 2013, respectively. See Note 16.

(i) Included $12,259million and $13,614million of deposits in non-U.S. banks at September 30, 2014 and December 31, 2013, respectively, and $22,872million and $18,275million of certificates of deposits with maturities greater than one year at September 30, 2014 and December 31, 2013, respectively.

In the first quarter of 2014, GE issued $3,000 million senior unsecured debt, composed of $750 million aggregate principal amount of 3.375% Notes due 2024 and $2,250 million aggregate principal amount of 4.500% Notes due 2044.

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Property, Plant and Equipment (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Property, Plant and Equipment [Abstract]
Original cost	$ 112,580		$ 112,580		$ 116,470
Less accumulated depreciation and amortization	(47,120)		(47,120)		(47,643)
Property, plant and equipment - net	65,460		65,460		68,827
Depreciation and amortization	$ 2,494	$ 2,577	$ 6,995	$ 7,152

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Financial Instruments (Notional amount of loan commitments) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Loan Commitments By Notional Amount [Line Items]
Ordinary course of business lending commitments	$ 4,511	$ 4,756
Excluded investment commitments	1,007	1,395
Inventory financing arrangements excluded	15,972	13,502
Commercial
Loan Commitments By Notional Amount [Line Items]
Unused revolving credit lines	14,145	16,570
Commitments Associated with Secured Financing Arrangements	9,797	11,629
Maximum Commitments Associated with Secured Financing Arrangements	12,241	14,590
Consumer Principally Credit Cards
Loan Commitments By Notional Amount [Line Items]
Unused revolving credit lines	$ 310,602	$ 290,662

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Goodwill and Other Intangible Assets (Goodwill Rollforward) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 77,648
Acquisitions	1,322
Dispositions, currency exchange and other	(1,111)
Goodwill, Ending Balance	77,859
Power And Water [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	8,822
Acquisitions	21
Dispositions, currency exchange and other	(26)
Goodwill, Ending Balance	8,817
Oil And Gas [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	10,516
Acquisitions	261
Dispositions, currency exchange and other	(32)
Goodwill, Ending Balance	10,745
Energy Management [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	4,748
Acquisitions	0
Dispositions, currency exchange and other	(34)
Goodwill, Ending Balance	4,714
Aviation [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	9,103
Acquisitions	0
Dispositions, currency exchange and other	(19)
Goodwill, Ending Balance	9,084
Healthcare [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	16,643
Acquisitions	1,008
Dispositions, currency exchange and other	(61)
Goodwill, Ending Balance	17,590
Transportation [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	1,012
Acquisitions	1
Dispositions, currency exchange and other	(34)
Goodwill, Ending Balance	979
Appliances And Lighting [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	606
Acquisitions	0
Dispositions, currency exchange and other	(376)
Goodwill, Ending Balance	230
GE Capital [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	26,195
Acquisitions	0
Dispositions, currency exchange and other	(529)
Goodwill, Ending Balance	25,666
Corporate Items And Eliminations [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	3
Acquisitions	31
Dispositions, currency exchange and other	0
Goodwill, Ending Balance	$ 34

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GECC Financing Receivables and Allowance for Losses on Financing Receivables (Allowance for Losses on Financing Receivables) (Details) (GECC, USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	$ 5,178	$ 4,944
Provision charged	2,895	3,256
Other	(145)	(112)
Gross write-offs	(3,883)	(4,129)
Recoveries	1,125	1,125
Ending Balance	5,170	5,084
Commercial
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	1,005	1,041
Provision charged	324	471
Other	(25)	(10)
Gross write-offs	(631)	(755)
Recoveries	153	163
Ending Balance	826	910
Commercial | Americas CLL
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	473	496
Provision charged	195	203
Other	(1)	(1)
Gross write-offs	(316)	(319)
Recoveries	75	91
Ending Balance	426	470
Commercial | International
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	505	525
Provision charged	107	265
Other	(22)	(9)
Gross write-offs	(287)	(434)
Recoveries	76	70
Ending Balance	379	417
Commercial | CLL
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	978	1,021
Provision charged	302	468
Other	(23)	(10)
Gross write-offs	(603)	(753)
Recoveries	151	161
Ending Balance	805	887
Commercial | Energy Financial Services
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	8	9
Provision charged	13	2
Other	0	0
Gross write-offs	(17)	0
Recoveries	2	0
Ending Balance	6	11
Commercial | GECAS
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	17	8
Provision charged	9	2
Other	0	0
Gross write-offs	(11)	0
Recoveries	0	0
Ending Balance	15	10
Commercial | Other
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	2	3
Provision charged	0	(1)
Other	(2)	0
Gross write-offs	0	(2)
Recoveries	0	2
Ending Balance	0	2
Real Estate
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	192	320
Provision charged	(92)	(21)
Other	0	(5)
Gross write-offs	(49)	(133)
Recoveries	103	9
Ending Balance	154	170
Consumer
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	3,981	3,583
Provision charged	2,663	2,806
Other	(120)	(97)
Gross write-offs	(3,203)	(3,241)
Recoveries	869	953
Ending Balance	4,190	4,004
Consumer | Non US residential mortgages
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	358	480
Provision charged	209	138
Other	(21)	(1)
Gross write-offs	(139)	(216)
Recoveries	32	39
Ending Balance	439	440
Consumer | Non US installment and revolving credit
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	594	582
Provision charged	184	322
Other	(88)	(39)
Gross write-offs	(574)	(662)
Recoveries	329	390
Ending Balance	445	593
Consumer | US installment and revolving credit
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	2,823	2,282
Provision charged	2,089	2,198
Other	18	(50)
Gross write-offs	(2,302)	(2,118)
Recoveries	425	409
Ending Balance	3,053	2,721
Consumer | Non US auto
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	56	67
Provision charged	127	51
Other	(7)	(11)
Gross write-offs	(67)	(96)
Recoveries	38	56
Ending Balance	147	67
Consumer | Consumer Other Financing Receivable
Accounts, Notes, Loans and Financing Receivable
Beginning Balance	150	172
Provision charged	54	97
Other	(22)	4
Gross write-offs	(121)	(149)
Recoveries	45	59
Ending Balance	$ 106	$ 183

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Financial Instruments (Counterparty credit risk) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014
Counterparty credit risk
Total Collateral	$ 6,723
Fair value of collateral posted to counterparties for derivative obligations	283
Exposure To Counterparties Including Interest Net Collateral Excluding Derivatives	329
Derivative Liability After Collateral And Outstanding Interest Payments Excluding Embedded Derivatives	334
Cash [Member]
Counterparty credit risk
Total Collateral	3,600
Securities Held By Third Parties [Member]
Counterparty credit risk
Securities Held as Collateral, at Fair Value	$ 3,123

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Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in goodwill balance

Goodwill
					Dispositions,
					currency
	Balance at				exchange		Balance at
(In millions)	January 1, 2014		Acquisitions		and other		September 30, 2014
Power & Water	$	8,822	$	21	$	(26)	$	8,817
Oil & Gas		10,516		261		(32)		10,745
Energy Management		4,748		-		(34)		4,714
Aviation		9,103		-		(19)		9,084
Healthcare		16,643		1,008		(61)		17,590
Transportation		1,012		1		(34)		979
Appliances & Lighting		606		-		(376)		230
GE Capital		26,195		-		(529)		25,666
Corporate		3		31		-		34
Total	$	77,648	$	1,322	$	(1,111)	$	77,859

Goodwill and other intangible assets

Other Intangible Assets - Net
(In millions)	September 30, 2014		December 31, 2013
Intangible assets subject to amortization	$	14,249	$	14,150
Indefinite-lived intangible assets(a)		108		160
Total	$	14,357	$	14,310

(a) Indefinite-lived intangible assets principally comprise trademarks and in-process research and development.

Intangible assets subject to amortization

Intangible Assets Subject to Amortization
	September 30, 2014						December 31, 2013
	Gross						Gross
	carrying		Accumulated				carrying		Accumulated
(In millions)	amount		amortization		Net		amount		amortization		Net
Customer-related	$	8,508	$	(2,575)	$	5,933	$	7,938	$	(2,312)	$	5,626
Patents and technology		6,894		(2,918)		3,976		6,602		(2,621)		3,981
Capitalized software		8,500		(5,301)		3,199		8,256		(5,252)		3,004
Trademarks		1,167		(243)		924		1,356		(295)		1,061
Lease valuations		594		(444)		150		703		(498)		205
Present value of future profits(a)		605		(605)		-		574		(574)		-
All other		456		(389)		67		632		(359)		273
Total	$	26,724	$	(12,475)	$	14,249	$	26,061	$	(11,911)	$	14,150

(a) Balances at September 30, 2014 and December 31, 2013 reflect adjustments of $300 million and $322 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

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Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (WMC) (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended		9 Months Ended
	Oct. 10, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Financial Information For Discontinued Operations [Line Items]
Revenues from discontinued operations		$ (34)	$ 143	$ (45)	$ 304
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent				28	(335)
WMC Discontinued Operations [Member]
Financial Information For Discontinued Operations [Line Items]
Adjustment For Pending Claims For Unmet Representations And Warranties				212
Lawsuit Relating To Representations And Warranties Amount Of Mortgages		11,960		11,960
Number Of Lawsuits Involving Repurchase Claims On Loans	15			14
Number Of Securitizations Related To Lawsuits Involving repurchase Claims On Loans In Which Adverse Parties Are Securitization Trustees	14			13
Statute Of Limitation Claims	308
Revenues from discontinued operations		(35)	(13)	(70)	(167)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent		(25)	(11)	(57)	(116)
WMC Discontinued Operations [Member] | Lower Limit [Member]
Financial Information For Discontinued Operations [Line Items]
Increase To Reserve For Claims For Unmet Representations And Warranties For Adverse Effect In Assumptions		0		0
WMC Discontinued Operations [Member] | Upper Limit [Member]
Financial Information For Discontinued Operations [Line Items]
Increase To Reserve For Claims For Unmet Representations And Warranties For Adverse Effect In Assumptions		$ 500		$ 500

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Earnings Per Share Information

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share Information

13. EARNINGS PER SHARE INFORMATION

	Three months ended September 30
	2014				2013
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	3,475	$	3,475	$	3,268	$	3,278
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		57		57		(101)		(91)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	3,532	$	3,532	$	3,177	$	3,187
Average equivalent shares
Shares of GE common stock outstanding		10,039		10,039		10,151		10,151
Employee compensation-related shares (including
stock options) and warrants		80		-		72		-
Total average equivalent shares		10,119		10,039		10,223		10,151
Per-share amounts
Earnings from continuing operations	$	0.34	$	0.35	$	0.32	$	0.32
Earnings (loss) from discontinued operations		0.01		0.01		(0.01)		(0.01)
Net earnings		0.35		0.35		0.31		0.31

(a) Included an insignificant amount of dividend equivalents in each of the periods presented.

(b) Included in the three months ended September 30, 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

	Nine months ended September 30
	2014				2013
(In millions; per-share amounts in dollars)	Diluted		Basic		Diluted		Basic
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b)	$	10,039	$	10,039	$	10,172	$	10,172
Earnings (loss) from discontinued operations
for per-share calculation(a)(b)		29		29		(334)		(334)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b)	$	10,068	$	10,067	$	9,838	$	9,838
Average equivalent shares
Shares of GE common stock outstanding		10,042		10,042		10,262		10,262
Employee compensation-related shares (including
stock options) and warrants		79		-		65		-
Total average equivalent shares		10,121		10,042		10,328		10,262
Per-share amounts
Earnings from continuing operations	$	0.99	$	1.00	$	0.98	$	0.99
Earnings (loss) from discontinued operations		-		-		(0.03)		(0.03)
Net earnings		0.99		1.00		0.95		0.96

• Included an insignificant amount of dividend equivalents in each of the periods presented.
• Included in the nine months ended September 30, 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

For the three and nine months ended September 30, 2014 and 2013, there were approximately 88 million and 78 million, respectively, and 104 million and 273 million, respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their effect was antidilutive.

Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.

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Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables

9 Months Ended

Sep. 30, 2014

Credit Quality Financing Receivables [Abstract]

Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables

18. SUPPLEMENTAL INFORMATION ABOUT THE CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES

Credit Quality Indicators

We provide further detailed information about the credit quality of our Commercial, Real Estate and Consumer financing receivables portfolios. For each portfolio, we describe the characteristics of the financing receivables and provide information about collateral, payment performance, credit quality indicators and impairment. We manage these portfolios using delinquency and nonaccrual data as key performance indicators. The categories used within this section such as impaired loans, troubled debt restructuring (TDR) and nonaccrual financing receivables are defined by the authoritative guidance and we base our categorization on the related scope and definitions contained in the related standards. The categories of nonaccrual and delinquent are used in our process for managing our financing receivables.

Past Due and Nonaccrual Financing Receivables
		September 30, 2014									December 31, 2013
		Over 30 days			Over 90 days						Over 30 days			Over 90 days
(In millions)		past due			past due			Nonaccrual			past due			past due			Nonaccrual
Commercial
CLL
Americas	$	592		$	376		$	1,101		$	755		$	359		$	1,275
International		1,563			846			1,013			1,490			820			1,459
Total CLL		2,155			1,222			2,114			2,245			1,179			2,734
Energy Financial Services		-			-			57			-			-			4
GECAS		-			-			153			-			-			-
Other		-			-			-			-			-			6
Total Commercial		2,155			1,222			2,324	(a)		2,245			1,179			2,744	(a)
Real Estate		284			247			1,628	(b)		247			212			2,551	(b)
Consumer
Non-U.S. residential mortgages		3,044			1,892			1,960			3,406			2,104			2,161
Non-U.S. installment and revolving credit		320			95			50			512			146			88
U.S. installment and revolving credit		2,372			1,038			2			2,442			1,105			2
Non-U.S. auto		73			10			19			89			13			18
Other		131			66			218			172			99			351
Total Consumer		5,940			3,101	(c)		2,249	(d)		6,621			3,467	(c)		2,620	(d)
Total	$	8,379		$	4,570		$	6,201		$	9,113		$	4,858		$	7,915
Total as a percent of financing receivables		3.5	%		1.9	%		2.6	%		3.5	%		1.9	%		3.1	%

• Included $1,157 million and $1,397 million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.
• Included $1,355million and $2,308million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.
• Included $1,134million and $1,197million of Consumer loans at September 30, 2014 and December 31, 2013, respectively, that are over 90 days past due and continue to accrue interest until the accounts are written off in the period that the account becomes 180 days past due.
• Included $234million and $324million at September 30, 2014 and December 31, 2013, respectively, that are currently paying in accordance with their contractual terms.

Impaired Loans and Related Reserves
	With no specific allowance						With a specific allowance
	Recorded		Unpaid		Average		Recorded		Unpaid				Average
	investment		principal		investment		investment		principal		Associated		investment
(In millions)	in loans		balance		in loans		in loans		balance		allowance		in loans
September 30, 2014
Commercial
CLL
Americas	$	1,508	$	1,987	$	1,694	$	235	$	365	$	64	$	287
International(a)		1,064		3,009		1,139		312		445		125		508
Total CLL		2,572		4,996		2,833		547		810		189		795
Energy Financial Services		57		58		19		-		-		-		26
GECAS		61		61		27		-		-		-		19
Other		-		-		1		-		-		-		1
Total Commercial(b)		2,690		5,115		2,880		547		810		189		841
Real Estate(c)		1,994		2,315		2,468		478		631		27		778
Consumer(d)		131		173		115		2,369		2,503		484		2,673
Total	$	4,815	$	7,603	$	5,463	$	3,394	$	3,944	$	700	$	4,292
December 31, 2013
Commercial
CLL
Americas	$	1,670	$	2,187	$	2,154	$	417	$	505	$	96	$	509
International(a)		1,104		3,082		1,136		691		1,059		231		629
Total CLL		2,774		5,269		3,290		1,108		1,564		327		1,138
Energy Financial Services		-		-		-		4		4		1		2
GECAS		-		-		-		-		-		-		1
Other		2		3		9		4		4		-		5
Total Commercial(b)		2,776		5,272		3,299		1,116		1,572		328		1,146
Real Estate(c)		2,615		3,036		3,058		1,245		1,507		74		1,688
Consumer(d)		109		153		98		2,879		2,948		567		3,058
Total	$	5,500	$	8,461	$	6,455	$	5,240	$	6,027	$	969	$	5,892

• Write-offs to net realizable value are recognized against the allowance for losses primarily in the reporting period in which management has deemed all or a portion of the financing receivable to be uncollectible, but not later than 360 days after initial recognition of a specific reserve for a collateral dependent loan. However, in accordance with regulatory standards that are applicable in Italy, commercial loans are considered uncollectible when there is demonstrable evidence of the debtor’s insolvency, which may result in write-offs occurring beyond 360 days after initial recognition of a specific reserve.
• We recognized $139 million, $218 million and $173million of interest income, including none, $60 million and $53million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively, principally in our CLL Americas business. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $3,721 million and $4,445million, respectively.
• We recognized $47 million, $187 million and $161million of interest income, including none, $135 million and $132million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $3,246million and $4,746million, respectively.
• We recognized $135 million, $221 million and $166million of interest income, including $3 million, $3 million and $3million on a cash basis, in the nine months ended September 30, 2014, the year ended December 31, 2013 and the nine months ended September 30, 2013, respectively, principally in our Consumer-U.S. installment and revolving credit portfolios. The total average investment in impaired loans for the nine months ended September 30, 2014 and the year ended December 31, 2013 was $2,788 million and $3,156million, respectively.

(In millions)	Non-impaired financing receivables		General reserves		Impaired loans		Specific reserves
September 30, 2014
Commercial	$	118,283	$	637	$	3,237	$	189
Real Estate		17,327		127		2,472		27
Consumer		98,756		3,706		2,500		484
Total	$	234,366	$	4,470	$	8,209	$	700
December 31, 2013
Commercial	$	125,377	$	677	$	3,892	$	328
Real Estate		16,039		118		3,860		74
Consumer		106,051		3,414		2,988		567
Total	$	247,467	$	4,209	$	10,740	$	969

Impaired loans classified as TDRs in our CLL business were $2,276 million and $2,961 million at September 30, 2014 and December 31, 2013, respectively, and were primarily attributable to CLL Americas ($1,312 million and $1,770million, respectively). For the nine months ended September 30, 2014, we modified $777 million of loans classified as TDRs, primarily in CLL Americas ($428 million). Changes to these loans primarily included extensions, interest only payment periods, debt to equity exchange and forbearance or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $1,133 million and $1,808million of modifications classified as TDRs in the twelve months ended September 30, 2014 and 2013, respectively, $33 million and $80 million have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

Real Estate TDRs decreased from $3,625 million at December 31, 2013 to $2,338 million at September 30, 2014, primarily driven by resolution of TDRs through paydowns. We deem loan modifications to be TDRs when we have granted a concession to a borrower experiencing financial difficulty and we do not receive adequate compensation in the form of an effective interest rate that is at current market rates of interest given the risk characteristics of the loan or other consideration that compensates us for the value of the concession. The limited liquidity and higher return requirements in the real estate market for loans with higher loan-to-value (LTV) ratios has typically resulted in the conclusion that the modified terms are not at current market rates of interest, even if the modified loans are expected to be fully recoverable. For the nine months ended September 30, 2014, we modified $531 million of loans classified as TDRs. Changes to these loans primarily included forbearance, maturity extensions and changes to collateral or covenant terms or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $768 million and $2,089million of modifications classified as TDRs in the twelve months ended September 30, 2014 and 2013, respectively, $311 million and $282 million have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

Impaired loans in our Consumer business represent restructured smaller balance homogeneous loans meeting the definition of a TDR, and are therefore subject to the disclosure requirement for impaired loans, and commercial loans in our Consumer–Other portfolio. The recorded investment of these impaired loans totaled $2,500 million (with an unpaid principal balance of $2,676 million) and comprised $131 million with no specific allowance, primarily all in our Consumer–Other portfolio, and $2,369 million with a specific allowance of $484 million at September 30, 2014. The impaired loans with a specific allowance included $134 million with a specific allowance of $17 million in our Consumer–Other portfolio and $2,235 million with a specific allowance of $467 million across the remaining Consumer business and had an unpaid principal balance and average investment of $2,503 million and $2,673 million, respectively, at September 30, 2014.

Impaired loans classified as TDRs in our Consumer business were $2,428 million and $2,874 million at September 30, 2014 and December 31, 2013, respectively. We utilize certain loan modification programs for borrowers experiencing financial difficulties in our Consumer loan portfolio. These loan modification programs primarily include interest rate reductions and payment deferrals in excess of three months, which were not part of the terms of the original contract, and are primarily concentrated in our non-U.S. residential mortgage and U.S. credit card portfolios. For the nine months ended September 30, 2014, we modified $788million of consumer loans for borrowers experiencing financial difficulties, which are classified as TDRs, and included $442 million of non-U.S. consumer loans, primarily residential mortgages, credit cards and personal loans and $346million of U.S. consumer loans, primarily credit cards. We expect borrowers whose loans have been modified under these programs to continue to be able to meet their contractual obligations upon the conclusion of the modification. Of our $1,074 million and $1,576million of modifications classified as TDRs in the twelve months ended September 30, 2014 and 2013, respectively,$95million and $215 million have subsequently experienced a payment default in the nine months ended September 30, 2014 and 2013, respectively.

Supplemental Credit Quality Information

Commercial

Substantially all of our Commercial financing receivables portfolio is secured lending and we assess the overall quality of the portfolio based on the potential risk of loss measure. The metric incorporates both the borrower’s credit quality along with any related collateral protection.

Our internal risk ratings process is an important source of information in determining our allowance for losses and represents a comprehensive, statistically validated approach to evaluate risk in our financing receivables portfolios. In deriving our internal risk ratings, we stratify our Commercial portfolios into 21 categories of default risk and/or six categories of loss given default to group into three categories: A, B and C. Our process starts by developing an internal risk rating for our borrowers, which is based upon our proprietary models using data derived from borrower financial statements, agency ratings, payment history information, equity prices and other commercial borrower characteristics. We then evaluate the potential risk of loss for the specific lending transaction in the event of borrower default, which takes into account such factors as applicable collateral value, historical loss and recovery rates for similar transactions, and our collection capabilities. Our internal risk ratings process and the models we use are subject to regular monitoring and validation controls. The frequency of rating updates is set by our credit risk policy, which requires annual Risk Committee approval. The models are updated on a regular basis and statistically validated annually, or more frequently as circumstances warrant.

As described above, financing receivables are assigned one of 21 risk ratings based on our process and then these are grouped by similar characteristics into three categories in the table below. Category A is characterized by either high-credit-quality borrowers or transactions with significant collateral coverage that substantially reduces or eliminates the risk of loss in the event of borrower default. Category B is characterized by borrowers with weaker credit quality than those in Category A, or transactions with moderately strong collateral coverage that minimizes but may not fully mitigate the risk of loss in the event of default. Category C is characterized by borrowers with higher levels of default risk relative to our overall portfolio or transactions where collateral coverage may not fully mitigate a loss in the event of default.

Commercial Financing Receivables by Risk Category
	Secured
(In millions)	A		B		C		Total
September 30, 2014
CLL
Americas	$	63,828	$	1,279	$	1,409	$	66,516
International		41,030		609		1,030		42,669
Total CLL		104,858		1,888		2,439		109,185
Energy Financial Services		2,686		55		30		2,771
GECAS		8,236		106		107		8,449
Other		134		-		-		134
Total	$	115,914	$	2,049	$	2,576	$	120,539
December 31, 2013
CLL
Americas	$	65,545	$	1,587	$	1,554	$	68,686
International		44,930		619		1,237		46,786
Total CLL		110,475		2,206		2,791		115,472
Energy Financial Services		2,969		9		-		2,978
GECAS		9,175		50		152		9,377
Other		318		-		-		318
Total	$	122,937	$	2,265	$	2,943	$	128,145

For our secured financing receivables portfolio, our collateral position and ability to work out problem accounts mitigates our losses. Our asset managers have deep industry expertise that enables us to identify the optimum approach to default situations. We price risk premiums for weaker credits at origination, closely monitor changes in creditworthiness through our risk ratings and watch list process, and are engaged early with deteriorating credits to minimize economic loss. Secured financing receivables within risk Category C are predominantly in our CLL businesses and are primarily composed of senior term lending facilities and factoring programs secured by various asset types including inventory, accounts receivable, cash, equipment and related business facilities as well as franchise finance activities secured by underlying equipment.

Loans within Category C are reviewed and monitored regularly, and classified as impaired when it is probable that they will not pay in accordance with contractual terms. Our internal risk rating process identifies credits warranting closer monitoring; and as such, these loans are not necessarily classified as nonaccrual or impaired.

Our unsecured Commercial financing receivables portfolio is primarily attributable to our InterbancaS.p.A. and GE Sanyo Credit acquisitions in CLL International. At September 30, 2014 and December 31, 2013, these financing receivables included $342 million and $313 million rated A, $402 million and $580 million rated B, and $237 million and $231 million rated C, respectively.

Real Estate

Due to the primarily non-recourse nature of our Debt portfolio, loan-to-value ratios (the ratio of the outstanding debt on a property to the re-indexed value of that property) provide the best indicators of the credit quality of the portfolio.

	Loan-to-value ratio
	September 30, 2014						December 31, 2013
	Less than		80% to		Greater than		Less than		80% to		Greater than
(In millions)	80%		95%		95%		80%		95%		95%
Debt	$	16,564	$	1,044	$	1,368	$	15,576	$	1,300	$	2,111

The credit quality of the owner occupied/credit tenant portfolio is primarily influenced by the strength of the borrower’s general credit quality, which is reflected in our internal risk rating process, consistent with the process we use for our Commercial portfolio. As of September 30, 2014, the balances of our owner occupied/credit tenant portfolio with an internal risk rating of A, B and C approximated $575 million, $142 million and $106 million, respectively, as compared to the December 31, 2013, balances of $571 million, $179 million and $162 million, respectively.

The financing receivables within our Debt portfolio are primarily concentrated in our North American and European Lending platforms and are secured by various property types. A substantial majority of our Debt financing receivables with loan-to-value ratios greater than 95% are paying in accordance with contractual terms. Substantially all of these loans and the majority of our owner occupied/credit tenant financing receivables included in Category C are impaired loans that are subject to the specific reserve evaluation process. The ultimate recoverability of impaired loans is driven by collection strategies that do not necessarily depend on the sale of the underlying collateral and include full or partial repayments through third-party refinancing and restructurings.

Consumer

At September 30, 2014, our U.S. consumer financing receivables included private-label credit card and sales financing for approximately 60 million customers across the U.S. with no metropolitan area accounting for more than 6% of the portfolio. Of the total U.S. consumer financing receivables, approximately 65% relate to credit card loans that are often subject to profit and loss sharing arrangements with the retailer (which are recorded in revenues), and the remaining 35% are sales finance receivables that provide financing to customers in areas such as electronics, recreation, medical and home improvement.

Our Consumer financing receivables portfolio comprises both secured and unsecured lending. Secured financing receivables comprise residential loans and lending to small and medium-sized enterprises predominantly secured by auto and equipment, inventory finance, and cash flow loans. Unsecured financing receivables include private-label credit card financing. A substantial majority of these cards are not for general use and are limited to the products and services sold by the retailer. The private-label portfolio is diverse with no metropolitan area accounting for more than 6% of the related portfolio.

Non-U.S. residential mortgages

For our secured non-U.S. residential mortgage book, we assess the overall credit quality of the portfolio through loan-to-value ratios (the ratio of the outstanding debt on a property to the value of that property at origination). In the event of default and repossession of the underlying collateral, we have the ability to remarket and sell the properties to eliminate or mitigate the potential risk of loss.

	Loan-to-value ratio
	September 30, 2014							December 31, 2013
	80% or		Greater than		Greater than		80% or		Greater than		Greater than
(In millions)	less		80% to 90%		90%		less		80% to 90%		90%
Non-U.S. residential mortgages	$	15,640	$	4,647	$	7,387	$	17,224	$	5,130	$	8,147

The majority of these financing receivables are in our U.K. and France portfolios and have re-indexed loan-to-value ratios of 71% and 56%, respectively. Re-indexed loan-to-value ratios may not reflect actual realizable values of future repossessions. We have third-party mortgage insurance for about 22% of the balance of Consumer non-U.S. residential mortgage loans with loan-to-value ratios greater than 90% at September 30, 2014. Such loans were primarily originated in France and the U.K.

Installment and Revolving Credit

We assess overall credit quality using internal and external credit scores. For our U.S. installment and revolving credit portfolio we use Fair Isaac Corporation (“FICO”) scores. FICO scores are generally obtained at origination of the account and are refreshed at a minimum quarterly, but could be as often as weekly, to assist in predicting customer behavior. We categorize these credit scores into the following three categories; (a) 661 or higher, which are considered the strongest credits; (b) 601 to 660, which are considered moderate credit risk; and (c) 600 or less, which are considered weaker credits.

	Refreshed FICO score
	September 30, 2014						December 31, 2013
	661 or		601 to		600 or		661 or		601 to		600 or
(In millions)	higher		660		less		higher		660		less
U.S. installment and
revolving credit	$	39,998	$	11,051	$	4,209	$	40,079	$	11,142	$	4,633

For our non-U.S. installment and revolving credit and non-U.S. auto portfolios, our internal credit scores imply a probability of default that we consistently translate into three approximate credit bureau equivalent credit score categories, including (a) 671 or higher, which are considered the strongest credits; (b) 626 to 670, which are considered moderate credit risk; and (c) 625 or less, which are considered weaker credits.

	Internal ratings translated to approximate credit bureau equivalent score
	September 30, 2014						December 31, 2013
	671 or		626 to		625 or		671 or		626 to		625 or
(In millions)	higher		670		less		higher		670		less
Non-U.S. installment and
revolving credit	$	6,026	$	2,183	$	1,889	$	8,310	$	2,855	$	2,512
Non-U.S. auto		1,274		152		162		1,395		373		286

U.S. installment and revolving credit accounts with FICO scores of 600 or less and non U.S. installment and revolving credit accounts with credit bureau equivalent scores of 625 or less have an average outstanding balance less than one thousand U.S. dollars and are primarily concentrated in our retail card and sales finance receivables in the U.S. and closed-end loans outside the U.S., which minimizes the potential for loss in the event of default. For lower credit scores, we adequately price for the incremental risk at origination and monitor credit migration through our risk ratings process. We continuously adjust our credit line underwriting management and collection strategies based on customer behavior and risk profile changes.

Consumer – Other

We develop our internal risk ratings for this portfolio in a manner consistent with the process used to develop our Commercial credit quality indicators, described above. We use the borrower’s credit quality and underlying collateral strength to determine the potential risk of loss from these activities.

At September 30, 2014, Consumer – Other financing receivables of $5,843 million, $325 million and $470 million were rated A, B and C, respectively. At December 31, 2013, Consumer – Other financing receivables of $6,137 million, $315 million and $501 million were rated A, B and C, respectively.

XML

Intercompany Transactions (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Intercompany Transactions [Line Items]
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	$ 16,110	$ 17,210
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(1,688)	32,035
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	(11,073)	(39,019)
Intercompany Table
Cash Provided by (Used in) Operating Activities Prior to Elimination of Intercompany Transactions	18,892	19,636
Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Operating Activities	43	918
Elimination of Dividends from GECC to GE from consolidated cash from operating activities	(2,221)	(3,947)
Eliminations of other reclassifications and eliminations from consolidated cash from operating activities	(604)	603
Cash Provided by (Used in) Investing Activities Prior to Elimination of Intercompany Transactions	(891)	33,590
Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Investing Activities	(948)	(900)
Eliminations of other reclassifications and eliminations from consolidated cash from investing activities	151	(655)
Cash Provided by (Used in) Financing Activities Prior to Elimination of Intercompany Transactions	(14,652)	(43,094)
Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Financing Activities	905	(18)
Elimination of Dividends from GECC to GE from consolidated cash from financing activities	2,221	3,947
Eliminations of other reclassifications and eliminations from consolidated cash from financing activities	453	146
Consolidation, Eliminations [Member]
Intercompany Transactions [Line Items]
Net Cash Provided by (Used in) Operating Activities, Continuing Operations	(2,782)	(2,426)
Net Cash Provided by (Used in) Investing Activities, Continuing Operations	(797)	(1,555)
Net Cash Provided by (Used in) Financing Activities, Continuing Operations	$ 3,579	$ 4,075

XML

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Discontinued Operations) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Operations
Total revenues	$ (34)	$ 143	$ (45)	$ 304
Earnings (loss) from discontinued operations before income taxes	(46)	(10)	(115)	(186)
Benefit (provision) for income taxes	103	12	128	158
Income (Loss) from Discontinued Operations, Net of Taxes	57	2	13	(28)
Disposal
Gain (loss) on disposal before income taxes	0	(108)	14	(390)
Benefit (provision) for income taxes	0	15	1	83
Gain (loss) on disposal, net of taxes	0	(93)	15	(307)
Earnings (loss) from discontinued operations, net of taxes	57	(91)	28	(335)
Assets
Cash and cash equivalents	130		130		232
Financing Receivables - net	1		1		711
Other	1,199		1,199		1,396
Assets of discontinued operations	1,330		1,330		2,339
Liabilities
Deferred income taxes	229		229		248
Other	923		923		3,685
Liabilities of discontinued operations	$ 1,152		$ 1,152		$ 3,933

XML

Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

Fair Value Disclosures [Abstract]

Assets and liabilities at fair value

Assets and Liabilities Measured at Fair Value on a Recurring Basis
									Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		adjustment		(b)	Net balance
September 30, 2014
Assets
Investment securities
Debt
U.S. corporate	$	-		$	20,315		$	3,117	$	-		$	23,432
State and municipal		-			5,032			572		-			5,604
Residential mortgage-backed		-			1,812			16		-			1,828
Commercial mortgage-backed		-			3,124			10		-			3,134
Asset-backed(c)		-			393			7,267		-			7,660
Corporate – non-U.S.		-			711			1,003		-			1,714
Government – non-U.S.		59			2,318			-		-			2,377
U.S. government and federal agency		-			368			264		-			632
Retained interests		-			-			27		-			27
Equity
Available-for-sale		431			27			9		-			467
Trading		139			2			-		-			141
Derivatives(d)		-			9,345			137		(7,186)			2,296
Other(e)		-			-			347		-			347
Total	$	629		$	43,447		$	12,769	$	(7,186)		$	49,659
Liabilities
Derivatives	$	-		$	4,215		$	15	$	(3,889)		$	341
Other(f)		-			1,151			-		-			1,151
Total	$	-		$	5,366		$	15	$	(3,889)		$	1,492
December 31, 2013
Assets
Investment securities
Debt
U.S. corporate	$	-		$	18,788		$	2,953	$	-		$	21,741
State and municipal		-			4,193			96		-			4,289
Residential mortgage-backed		-			1,824			86		-			1,910
Commercial mortgage-backed		-			3,025			10		-			3,035
Asset-backed(c)		-			489			6,898		-			7,387
Corporate – non-U.S.		61			645			1,064		-			1,770
Government – non-U.S.		1,590			789			31		-			2,410
U.S. government and federal agency		-			545			225		-			770
Retained interests		-			-			72		-			72
Equity
Available-for-sale		475			31			11		-			517
Trading		78			2			-		-			80
Derivatives(d)		-			8,304			175		(6,739)			1,740
Other(e)		-			-			494		-			494
Total	$	2,204		$	38,635		$	12,115	$	(6,739)		$	46,215
Liabilities
Derivatives	$	-		$	5,409		$	20	$	(4,355)		$	1,074
Other(f)		-			1,170			-		-			1,170
Total	$	-		$	6,579		$	20	$	(4,355)		$	2,244

Included $912million of Government – non-U.S. and $17million of Corporate – non-U.S. available-for-sale debt securities transferred from Level 1 to Level 2 primarily attributable to changes in market observable data in the nine months ended September 30, 2014. The fair value of securities transferred between Level 1 and Level 2 was $2 million in the twelvemonths ended December 31, 2013.

(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists.

(c) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries.

(d) The fair value of derivatives includes an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $20 million and $(7) million at September 30, 2014 and December 31, 2013, respectively. See Note 15 for additional information on the composition of our derivative portfolio.

(e) Includes private equity investments and loans designated under the fair value option.

(f) Primarily represented the liability associated with certain of our deferred incentive compensation plans.

Changes in level 3 instruments

Changes in Level 3 Instruments for the Three Months Ended
																			Net
																			change in
			Net		Net														unrealized
			realized/		realized/														gains
			unrealized		unrealized														(losses)
			gains		gains														relating to
			(losses)		(losses)								Transfers		Transfers				instruments
	Balance at		included		included								into		out of		Balance at		still held at
(In millions)	July 1		in earnings(a)		in AOCI		Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		September 30		September 30(c)
2014
Investment securities
Debt
U.S. corporate	$	3,155	$	7	$	(9)	$	102	$	(63)	$	(91)	$	32	$	(16)	$	3,117	$	-
State and municipal		560		-		-		4		(10)		(1)		19		-		572		-
RMBS		66		-		-		-		-		(3)		-		(47)		16		-
CMBS		12		-		-		-		-		(2)		-		-		10		-
ABS		7,277		1		(106)		784		-		(689)		-		-		7,267		-
Corporate – non-U.S.		1,054		6		(18)		179		(10)		(208)		-		-		1,003		-
Government – non-U.S.		1		-		-		-		-		-		-		(1)		-		-
U.S. government and
federal agency		249		-		6		-		-		-		9		-		264		-
Retained interests		73		32		(10)		-		(67)		(1)		-		-		27		-
Equity
Available-for-sale		9		-		-		-		-		-		-		-		9		-
Derivatives(d)(e)		151		(13)		1		(3)		-		(1)		-		(1)		134		(15)
Other		357		3		-		266		(1)		(280)		-		2		347		-
Total	$	12,964	$	36	$	(136)	$	1,332	$	(151)	$	(1,276)	$	60	$	(63)	$	12,766	$	(15)
2013
Investment securities
Debt
U.S. corporate	$	3,229	$	24	$	(32)	$	160	$	(34)	$	(49)	$	-	$	-	$	3,298	$	-
State and municipal		98		-		(4)		4		-		(4)		-		-		94		-
RMBS		91		-		(2)		-		-		(1)		-		-		88		-
CMBS		5		-		-		-		-		(1)		10		-		14		-
ABS		5,346		1		36		569		-		(14)		-		-		5,938		-
Corporate – non-U.S.		1,197		(29)		(2)		1,827		-		(1,930)		-		(10)		1,053		-
Government – non-U.S.		38		1		(6)		-		-		-		-		-		33		-
U.S. government and
federal agency		264		-		(52)		-		-		-		-		-		212		-
Retained interests		93		-		(11)		-		-		(4)		-		-		78		-
Equity
Available-for-sale		10		-		-		-		-		-		1		-		11		-
Derivatives(d)(e)		167		1		1		(1)		-		2		2		(1)		171		13
Other		854		16		(1)		148		(295)		-		-		(4)		718		(34)
Total	$	11,392	$	14	$	(73)	$	2,707	$	(329)	$	(2,001)	$	13	$	(15)	$	11,708	$	(21)

Earnings effects are primarily included in the GECC revenues from services and Interest and other financial charges captions in the Condensed Statement of Earnings.

(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.

(c) Represented the amount of unrealized gains or losses for the period included in earnings.

(d) Represented derivative assets net of derivative liabilities and included cash accruals of $12 million and $8 million not reflected in the fair value hierarchy table in the three months ended September 30, 2014 and 2013, respectively.

(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 15.

Changes in Level 3 Instruments for the Nine Months Ended
																			Net
																			change in
			Net			Net													unrealized
			realized/			realized/													gains
			unrealized			unrealized													(losses)
			gains			gains													relating to
			(losses)			(losses)							Transfers		Transfers				instruments
	Balance at		included			included							into		out of		Balance at		still held at
(In millions)	January 1		in earnings(a)			in AOCI	Purchases		Sales		Settlements		Level 3(b)		Level 3(b)		September 30		September 30(c)
2014
Investment securities
Debt
U.S. corporate	$	2,953	$	27	$	103	$	449	$	(222)	$	(230)	$	170	$	(133)	$	3,117	$	-
State and municipal		96		-		31		17		(17)		(9)		454		-		572		-
RMBS		86		1		-		-		(16)		(8)		-		(47)		16		-
CMBS		10		-		-		-		-		(2)		2		-		10		-
ABS		6,898		3		(132)		1,780		-		(1,272)		-		(10)		7,267		-
Corporate – non-U.S.		1,064		9		61		614		(75)		(665)		1		(6)		1,003		-
Government – non-U.S.		31		-		-		-		-		-		-		(31)		-		-
U.S. government and
federal agency		225		-		32		-		-		-		9		(2)		264		-
Retained interests		72		35		(5)		1		(67)		(9)		-		-		27		-
Equity
Available-for-sale		11		-		-		2		(2)		(2)		-		-		9		-
Derivatives(d)(e)		164		(25)		1		(4)		-		1		(1)		(2)		134		(19)
Other		494		17		-		523		(16)		(392)		-		(279)		347		4
Total	$	12,104	$	67	$	91	$	3,382	$	(415)	$	(2,588)	$	635	$	(510)	$	12,766	$	(15)
2013
Investment securities
Debt
U.S. corporate	$	3,591	$	(247)	$	184	$	257	$	(383)	$	(139)	$	108	$	(73)	$	3,298	$	-
State and municipal		77		-		(8)		20		-		(5)		10		-		94		-
RMBS		100		-		(4)		-		(2)		(6)		-		-		88		-
CMBS		6		-		-		-		-		(2)		10		-		14		-
ABS		5,023		3		(32)		1,479		(1)		(539)		12		(7)		5,938		-
Corporate – non-U.S.		1,218		(112)		18		4,637		(3)		(4,672)		21		(54)		1,053		-
Government – non-U.S.		42		1		(10)		-		-		-		-		-		33		-
U.S. government and
federal agency		277		-		(65)		-		-		-		-		-		212		-
Retained interests		83		5		5		2		-		(17)		-		-		78		-
Equity
Available-for-sale		13		-		-		-		-		-		-		(2)		11		-
Derivatives(d)(e)		416		(52)		2		(2)		-		(221)		28		-		171		(30)
Other		799		(81)		3		352		(351)		-		-		(4)		718		(121)
Total	$	11,645	$	(483)	$	93	$	6,745	$	(740)	$	(5,601)	$	189	$	(140)	$	11,708	$	(151)

• Earnings effects are primarily included in the GECC revenues from services and Interest and other financial charges captions in the Condensed Statement of Earnings.
• Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were primarily a result of increased use of quotes from independent pricing vendors based on recent trading activity.
• Represents the amount of unrealized gains or losses for the period included in earnings.
• Represents derivative assets net of derivative liabilities and included cash accruals of $12 million and $8 million not reflected in the fair value hierarchy table for the nine months ended September 30, 2014 and 2013, respectively.
• Gains (losses) included in “net realized/unrealized gains (losses) included in earnings” were offset by the earnings effects from the underlying items that were economically hedged. See Note 15.

Non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis

	Remeasured during				Remeasured during
	the nine months ended				the year ended
	September 30, 2014				December 31, 2013
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and loans held for sale	$	97	$	1,971	$	210	$	2,986
Cost and equity method investments		260		437		-		690
Long-lived assets, including real estate		452		1,024		2,050		1,088
Total	$	809	$	3,432	$	2,260	$	4,764

Fair value adjustments to assets measured on a non-recurring basis

The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at September 30, 2014 and 2013.

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Financing receivables and loans held for sale	$	(112)	$	(107)	$	(298)	$	(257)
Cost and equity method investments		(94)		(45)		(333)		(276)
Long-lived assets, including real estate		(374)		(366)		(491)		(855)
Total	$	(580)	$	(518)	$	(1,122)	$	(1,388)

Significant Unobservable Inputs Used For Level Three Recurring And Nonrecurring Measurements [Table Text Block]

Level 3 Measurements - Significant Unobservable Inputs
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted average)
September 30, 2014
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	985	Income approach	Discount rate(a)	1.5%-10.0%(6.2%)
State and municipal		478	Income approach	Discount rate(a)	2.0%-5.2%(3.3%)
Asset-backed		7,244	Income approach	Discount rate(a)	1.9%-11.0%(5.0%)
Corporate – non-U.S.		633	Income approach	Discount rate(a)	0.2%-15.1%(7.8%)
Other financial assets		227	Income approach,	EBITDA multiple	5.4X-9.1X(7.7X)
			Market comparables	Discount rate(a)	4.1%-4.8%(4.3%)
				Capitalization rate(b)	6.3%-7.8%(7.4%)
Non-recurring fair value measurements
Financing receivables and	$	787	Income approach,	Capitalization rate(b)	2.7%-11.3%(7.3%)
loans held for sale			Business enterprise	EBITDA multiple	4.3X-6.5X(6.1X)
			value
Cost and equity method investments		343	Income approach,	Discount rate(a)	8.0%-10.0%(9.4%)
			Business enterprise	EBITDA multiple	1.8X-16.2X(7.8X)
			value, Market comparables
Long-lived assets, including real estate		877	Income approach	Capitalization rate(b)	5.5%-15.3%(6.3%)
				Discount rate(a)	2.0%-19.0%(6.8%)
December 31, 2013
Recurring fair value measurements
Investment securities – Debt
U.S. corporate	$	898	Income approach	Discount rate(a)	1.5%-13.3% (6.5%)
Asset-backed		6,854	Income approach	Discount rate(a)	1.2%-10.5%(3.7%)
Corporate – non-U.S.		819	Income approach	Discount rate(a)	1.4%-46.0%(15.1%)
Other financial assets		381	Income approach,	WACC(c)	9.3%-9.3% (9.3%)
			Market comparables	EBITDA multiple	5.4X-12.5X(9.5X)
				Discount rate(a)	5.2%-8.8%(5.3%)
				Capitalization rate(b)	6.3%-7.5%(7.2%)
Non-recurring fair value measurements
Financing receivables and	$	1,937	Income approach,	Capitalization rate(b)	5.5%-16.7%(8.0%)
loans held for sale			Business enterprise	EBITDA multiple	4.3X-5.5X(4.8X)
			value	Discount rate(a)	6.6%-6.6% (6.6%)
Cost and equity method investments		102	Income approach,	Discount rate(a)	5.7%-5.9%(5.8%)
			Market comparables	Capitalization rate(b)	8.5%-10.6% (10.0%)
				WACC(c)	9.3%-9.6%(9.4%)
				EBITDA multiple	7.1X-14.5X(11.3X)
				Revenue multiple	2.2X-12.6X(9.4X)
Long-lived assets, including real estate		694	Income approach	Capitalization rate(b)	5.4%-14.5%(7.8%)
				Discount rate(a)	4.0%-23.0%(9.0%)

• Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.
• Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property’s capitalized value. An increase in the capitalization rate would result in a decrease in the fair value.
• Weighted average cost of capital (WACC).

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Condensed Statement of Financial Position (Unaudited) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Assets
Cash and equivalents	$ 90,439		$ 88,555
Investment securities (Note 3)	47,016		43,981
Current receivables	21,957		21,388
Inventories (Note 4)	19,431		17,325
Financing receivables - net (Note 5 and 18)	226,553		241,940
Other GECC receivables	8,601		9,114
Property, plant and equipment - net (Note 6)	65,460		68,827
Investment in GECC	0		0
Goodwill	77,859		77,648
Other intangible assets - net (Note 7)	14,357		14,310
All other assets	71,241		70,808
Assets of businesses held for sale (Note 2)	5,777		50
Assets of discontinued operations (Note 2)	1,330		2,339
Total assets(b)	650,021		656,285
Liabilities and equity
Short-term borrowings (Note 8)	69,916		77,890
Accounts payable, principally trade accounts	16,758		16,471
Progress collections and price adjustments accrued	12,384		13,125
Dividends payable	2,209		2,220
Other GE current liabilities	12,695		13,381
Non-recourse borrowings of consolidated securitization entities (Note 8)	30,231		30,124
Bank deposits (Note 8)	60,815		53,361
Long-term borrowings (Note 8)	213,179		221,665
Investment contracts, insurance liabilities and insurance annuity benefits	27,491		26,544
All other liabilities	56,347		61,057
Deferred income taxes	1,612		(275)
Liabilities of businesses held for sale (Note 2)	1,721		6
Liabilities of discontinued operations (Note 2)	1,152		3,933
Total liabilities(b)	506,510		519,502
GECC preferred stock (50,000 shares outstanding at both September 30, 2014 and December 31, 2013)	0		0
Common stock (10,042,192,000 and 10,060,881,000)shares outstanding at September 30, 2014 and December 31, 2013, respectively)	702		702
Accumulated other comprehensive income (loss) - net(c)
Investment securities	755		307
Currency translation adjustments	(1,518)		126
Cash flow hedges	(121)		(257)
Benefit plans	(7,226)		(9,296)
Other capital	32,914		32,494
Retained earnings	152,497		149,051
Less common stock held in treasury	(43,005)		(42,561)
Total GE shareowners' equity	134,998		130,566
Noncontrolling interests(d) (Note 11)	8,513		6,217
Total equity	143,511		136,783
Total liabilities and equity	650,021		656,285
GE
Assets
Cash and equivalents	10,576	[1]	13,682	[1]
Investment securities (Note 3)	318	[1]	323	[1]
Current receivables	11,461	[1]	10,970	[1]
Inventories (Note 4)	19,374	[1]	17,257	[1]
Financing receivables - net (Note 5 and 18)	0	[1]	0	[1]
Other GECC receivables	0	[1]	0	[1]
Property, plant and equipment - net (Note 6)	16,677	[1]	17,574	[1]
Investment in GECC	81,323	[1]	77,745	[1]
Goodwill	52,193	[1]	51,453	[1]
Other intangible assets - net (Note 7)	13,167	[1]	13,180	[1]
All other assets	24,705	[1]	23,708	[1]
Assets of businesses held for sale (Note 2)	2,619	[1]	0	[1]
Assets of discontinued operations (Note 2)	9	[1]	9	[1]
Total assets(b)	232,422	[1],[2]	225,901	[1],[2]
Liabilities and equity
Short-term borrowings (Note 8)	2,043	[1]	1,841	[1]
Accounts payable, principally trade accounts	15,693	[1]	16,353	[1]
Progress collections and price adjustments accrued	12,397	[1]	13,152	[1]
Dividends payable	2,209	[1]	2,220	[1]
Other GE current liabilities	12,695	[1]	13,381	[1]
Non-recourse borrowings of consolidated securitization entities (Note 8)	0	[1]	0	[1]
Bank deposits (Note 8)	0	[1]	0	[1]
Long-term borrowings (Note 8)	14,543	[1]	11,515	[1]
Investment contracts, insurance liabilities and insurance annuity benefits	0	[1]	0	[1]
All other liabilities	40,214	[1]	40,955	[1]
Deferred income taxes	(4,084)	[1]	(5,061)	[1]
Liabilities of businesses held for sale (Note 2)	807	[1]	0	[1]
Liabilities of discontinued operations (Note 2)	148	[1]	143	[1]
Total liabilities(b)	96,665	[1]	94,499	[1]
GECC preferred stock (50,000 shares outstanding at both September 30, 2014 and December 31, 2013)	0	[1]	0	[1]
Common stock (10,042,192,000 and 10,060,881,000)shares outstanding at September 30, 2014 and December 31, 2013, respectively)	702	[1]	702	[1]
Accumulated other comprehensive income (loss) - net(c)
Investment securities	755	[1],[3]	307	[1],[3]
Currency translation adjustments	(1,518)	[1],[3]	126	[1],[3]
Cash flow hedges	(121)	[1],[3]	(257)	[1],[3]
Benefit plans	(7,226)	[1],[3]	(9,296)	[1],[3]
Other capital	32,914	[1]	32,494	[1]
Retained earnings	152,497	[1]	149,051	[1]
Less common stock held in treasury	(43,005)	[1]	(42,561)	[1]
Total GE shareowners' equity	134,998	[1]	130,566	[1]
Noncontrolling interests(d) (Note 11)	759	[1],[4]	836	[1],[4]
Total equity	135,757	[1]	131,402	[1]
Total liabilities and equity	232,422	[1]	225,901	[1]
GECC
Assets
Cash and equivalents	79,863		74,873
Investment securities (Note 3)	46,701		43,662
Current receivables	0		0
Inventories (Note 4)	57		68
Financing receivables - net (Note 5 and 18)	237,405		253,029
Other GECC receivables	15,273		16,513
Property, plant and equipment - net (Note 6)	49,135		51,607
Investment in GECC	0		0
Goodwill	25,666		26,195
Other intangible assets - net (Note 7)	1,195		1,136
All other assets	47,140		47,366
Assets of businesses held for sale (Note 2)	3,158		50
Assets of discontinued operations (Note 2)	1,321		2,330
Total assets(b)	506,914	[2]	516,829	[2]
Liabilities and equity
Short-term borrowings (Note 8)	68,676		77,298
Accounts payable, principally trade accounts	7,182		6,549
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 (Note 8)	30,231		30,124
Bank deposits (Note 8)	60,815		53,361
Long-term borrowings (Note 8)	198,735		210,279
Investment contracts, insurance liabilities and insurance annuity benefits	27,991		26,979
All other liabilities	16,593		20,531
Deferred income taxes	5,696		4,786
Liabilities of businesses held for sale (Note 2)	914		6
Liabilities of discontinued operations (Note 2)	1,004		3,790
Total liabilities(b)	417,837		433,703
GECC preferred stock (50,000 shares outstanding at both September 30, 2014 and December 31, 2013)	0		0
Common stock (10,042,192,000 and 10,060,881,000)shares outstanding at September 30, 2014 and December 31, 2013, respectively)	0		0
Accumulated other comprehensive income (loss) - net(c)
Investment securities	830	[3]	309	[3]
Currency translation adjustments	(1,196)	[3]	(687)	[3]
Cash flow hedges	(105)	[3]	(293)	[3]
Benefit plans	(360)	[3]	(363)	[3]
Other capital	32,999		32,563
Retained earnings	54,105		51,165
Less common stock held in treasury	0		0
Total GE shareowners' equity	86,273		82,694
Noncontrolling interests(d) (Note 11)	2,804	[4]	432	[4]
Total equity	89,077		83,126
Total liabilities and equity	$ 506,914		$ 516,829

[1] 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.

[2] Our consolidated assets at September 30, 2014 included total assets of $49,456million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included net financing receivables of $42,799 million and investment securities of $3,500 million. Our consolidated liabilities at September 30, 2014 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of consolidated securitization entities (CSEs) of $28,780 million. See Note16.

[3] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(8,110) million and $(9,120) million at September 30, 2014 and December 31, 2013, respectively.

[4] Included AOCI attributable to noncontrolling interests of $(181) million and $(180) million at September 30, 2014 and December 31, 2013, respectively.

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Financial Instruments (Derivatives and hedging) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 341,000
Derivative asset, fair value	373	1,005
Derivative liability, fair value	376	1,315
Cumulative gain (loss) adjustment for non performance risk	20	(7)
Excess Collateralization	81	160
Excess Collateral Posted	93	37
Excess Securities Collateral Held	110	363
Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	10,682	9,706
Derivative liabilities	4,265	5,670
Netting Adjustment [Member] | Derivatives
Derivatives, Fair Value [Line Items]
Derivative assets	(7,186)	(6,739)
Derivative liabilities	(3,889)	(4,355)
Netting Adjustment [Member] | Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(3,586)	(4,120)
Derivative liabilities	(3,606)	(4,113)
Cash Collateral [Member] | Amounts Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(3,600)	(2,619)
Derivative liabilities	(283)	(242)
Securities Pledged as Collateral [Member] | Not Offset In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	(3,123)	(1,962)
Derivative liabilities	0	0
Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	7,103	5,668
Derivative liabilities	1,402	2,973
Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	2,379	2,811
Derivative liabilities	2,828	2,456
Derivatives Associated With Interest Rate, Currency Or Market Risk Reduction Or Elimination [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	301,000
Percentage Of Notional Amount That Is Associated With Reducing Or Eliminating Interest Rate, Currency, Or Market Risk	88.00%
Gross Derivatives [Member] | Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	9,482	8,479
Derivative liabilities	4,230	5,429
Gross Accrued Interest [Member] | Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	1,200	1,227
Derivative liabilities	35	241
Net Derivative [Member] | Recognized In Statement Of Financial Position [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	3,496	2,967
Derivative liabilities	376	1,315
Interest Rate Contract | Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	4,630	3,837
Derivative liabilities	874	1,989
Interest Rate Contract | Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	256	270
Derivative liabilities	139	169
Foreign Exchange Contract | Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	2,473	1,830
Derivative liabilities	528	984
Foreign Exchange Contract | Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	1,888	2,257
Derivative liabilities	2,644	2,245
Other Contract | Derivatives Accounted For As Hedges
Derivatives, Fair Value [Line Items]
Derivative assets	0	1
Derivative liabilities	0	0
Other Contract | Derivatives Not Accounted For As Hedges [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	235	284
Derivative liabilities	$ 45	$ 42

XML

Assets and Liabilities of Businesses Held For Sale and Discontinued Operations

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Assets and Liabilities Of Business Held For Sale and Discontinued Operations

2. ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS

Assets and Liabilities of Businesses Held for Sale

In the third quarter of 2014, we signed an agreement to sell our Appliances business with assets of $2,619million and liabilities of $807 million to Electrolux for $3.3 billion. The transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in 2015.

In the second quarter of 2014, we committed to sell GE Money Bank AB, our consumer finance business in Sweden, Denmark and Norway (GEMB-Nordic) with assets of $3,158 million and liabilities of $914 million to Santander for approximately $1.0 billion. The transaction remains subject to customary closing conditions and regulatory approvals, and is targeted to close in the fourth quarter of 2014.

In the first quarter of 2013, we committed to sell certain of our machining & fabrication businesses at Aviation and our Consumer auto and personal loan business in Portugal. We completed the sale of our machining & fabrication business on December 2, 2013 for proceeds of $108 million. We completed the sale of our Consumer auto and personal loan business in Portugal on July 15, 2013 for proceeds of $83 million.

Financial Information for Assets and Liabilities of Businesses Held for Sale
(In millions)	September 30, 2014		December 31, 2013
Assets
Cash and equivalents	$	105	$	5
Inventories		696		-
Financing receivables – net		2,684		-
Property, plant, and equipment – net		915		-
Goodwill		590		24
Intangible assets – net		120		2
Other		667		19
Assets of businesses held for sale	$	5,777	$	50
Liabilities
Accounts payable	$	480	$	1
Other current liabilities		300		-
Bank deposits		757		-
Other		184		5
Liabilities of businesses held for sale	$	1,721	$	6

NBCU

On March 19, 2013, we closed a transaction to sell our remaining 49% common equity interest in NBCUniversal LLC (NBCU LLC) to Comcast Corporation (Comcast) for total consideration of $16,722million, consisting of $11,997million in cash, $4,000million in Comcast guaranteed debt and $725million in preferred stock. The $4,000million of debt and the $725million of preferred shares were both issued by a wholly-owned subsidiary of Comcast. During the three months ended March 31, 2013, both of these instruments were sold at approximately par value. In addition, Comcast is obligated to share with us potential tax savings associated with Comcast’s purchase of our NBCU LLC interest, if realized. We did not recognize these potential future payments as consideration for the sale, but are recording such payments in income as they are received. GECC also sold real estate comprising certain floors located at 30 Rockefeller Center, New York and the CNBC property located in Englewood Cliffs, New Jersey to affiliates of NBCU LLC for $1,430million in cash.

In the first quarter of 2013, as a result of the transactions, we recognized pre-tax gains of $1,096million ($825 million after tax) on the sale of our 49% common equity interest in NBCU LLC and $921million ($564 million after tax) on the sale of GECC’s real estate properties.

Discontinued Operations

Discontinued operations primarily comprised GE Money Japan (our Japanese personal loan business, Lake, and our Japanese mortgage and card businesses, excluding our investment in GE Nissen Credit Co., Ltd.), our U.S. mortgage business (WMC), our Commercial Lending and Leasing (CLL) trailer services business in Europe (CLL Trailer Services) and our Consumer banking business in Russia (Consumer Russia). Results of operations, financial position and cash flows for these businesses are separately reported as discontinued operations for all periods presented.

Financial Information for Discontinued Operations
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Operations
Total revenues and other income (loss)	$	(34)	$	143	$	(45)	$	304
Earnings (loss) from discontinued operations
before income taxes	$	(46)	$	(10)	$	(115)	$	(186)
Benefit (provision) for income taxes		103		12		128		158
Earnings (loss) from discontinued operations,
net of taxes	$	57	$	2	$	13	$	(28)
Disposal
Gain (loss) on disposal before income taxes	$	-	$	(108)	$	14	$	(390)
Benefit (provision) for income taxes		-		15		1		83
Gain (loss) on disposal, net of taxes	$	-	$	(93)	$	15	$	(307)
Earnings (loss) from discontinued operations,
net of taxes(a)	$	57	$	(91)	$	28	$	(335)

(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.

(In millions)	September 30, 2014		December 31, 2013
Assets
Cash and equivalents	$	130	$	232
Financing receivables – net		1		711
Other		1,199		1,396
Assets of discontinued operations	$	1,330	$	2,339
Liabilities
Deferred income taxes	$	229	$	248
Other		923		3,685
Liabilities of discontinued operations	$	1,152	$	3,933

Other assets at September 30, 2014 and December 31, 2013 primarily comprised a deferred tax asset for a loss carryforward, which expires principally in 2017 and in part in 2019, related to the sale of our GE Money Japan business.

GE Money Japan

During the third quarter of 2008, we completed the sale of GE Money Japan, which included our Japanese personal loan business. Under the terms of the sale, we reduced the proceeds from the sale for estimated refund claims in excess of the statutory interest rate. Proceeds from the sale were to be increased or decreased based on the actual claims experienced in accordance with loss-sharing terms specified in the sale agreement, with all claims in excess of 258 billion Japanese yen (approximately $3,000 million) remaining our responsibility. On February 26, 2014, we reached an agreement with the buyer to pay 175 billion Japanese yen (approximately $1,700 million) to extinguish this obligation. We have no remaining amount payable under the February 26, 2014 agreement as our reserve for refund claims of $1,836 million at December 31, 2013 was fully paid in the six months ended June 30, 2014.

Financial Information for GE Money Japan
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Earnings (loss) from discontinued operations,
net of taxes	$	62	$	(80)	$	59	$	(196)

WMC

During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans that had an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued.

The remaining active claims have been brought by securitization trustees or administrators seeking recovery from WMC for alleged breaches of representations and warranties on mortgage loans that serve as collateral for residential mortgage-backed securities (RMBS). At September 30, 2014, such claims consisted of $3,694million of individual claims generally submitted before the filing of a lawsuit (compared to $5,643million at December 31, 2013) and $8,266 million of additional claims asserted against WMC in litigation without making a prior claim (Litigation Claims) (compared to $6,780 million at December 31, 2013). The total amount of these claims, $11,960 million, reflects the purchase price or unpaid principal balances of the loans at the time of purchase and does not give effect to pay downs or potential recoveries based upon the underlying collateral, which in many cases are substantial, nor to accrued interest or fees. As of September 30, 2014, these amounts do not include approximately $1,156million of repurchase claims relating to alleged breaches of representations that are not in litigation and that are beyond the applicable statute of limitations. WMC believes that repurchase claims brought based upon representations and warranties made more than six years before WMC was notified of the claim would be disallowed in legal proceedings under applicable statutes of limitations. Subsequent to the end of the third quarter, WMC received additional Litigation Claims of $864 million, all of which are beyond the applicable statute of limitations.

Reserves related to repurchase claims made against WMC were $588 million at September 30, 2014, reflecting a net decrease to reserves in the nine months ended September 30, 2014 of $212 million due to settlement activity. The reserve estimate takes into account recent settlement activity that reduced WMC’s exposure on certain claims and is based upon WMC’s evaluation of the remaining exposures as a percentage of estimated mortgage loan losses within the pool of loans supporting each securitization.  Recent settlements reduced WMC’s exposure on claims asserted in certain securitizations and the claim amounts reported above give effect to these settlements.

Rollforward of the Reserve
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Balance, beginning of period	$	549	$	787	$	800	$	633
Provision		40		18		142		172
Claim resolutions / rescissions		(1)		(5)		(354)		(5)
Balance, end of period	$	588	$	800	$	588	$	800

Given the significant recent claim and related litigation activity and WMC’s continuing efforts to resolve the lawsuits involving claims made against WMC, it is difficult to assess whether future losses will be consistent with WMC’s past experience. Adverse changes to WMC’s assumptions supporting the reserve may result in an increase to these reserves. Taking into account both recent settlement activity and the potential variability of settlements, WMC estimates a range of reasonably possible loss from $0 to approximately $500 million over its recorded reserve at September 30, 2014. This estimate excludes any possible loss associated with an adverse court decision on the applicable statute of limitations, as WMC is unable at this time to develop such a meaningful estimate.

At September 30, 2014, there were 14lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 13securitizations. Subsequent to the end of the third quarter, WMC learned of an additional lawsuit filed on October 10, 2014, bringing the total to 15 pending lawsuits on 14 securitizations. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. Although the alleged claims for relief vary from case to case, the complaints and counterclaims in these actions generally assert claims for breach of contract, indemnification, and/or declaratory judgment, and seek specific performance (repurchase of defective mortgage loan) and/or money damages. Adverse court decisions, including in cases not involving WMC, could result in new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to the claims asserted in litigation, including, for example, based on causation and materiality requirements and applicable statutes of limitations. It is not possible to predict the outcome or impact of these defenses and other factors, any of which could materially affect the amount of any loss ultimately incurred by WMC on these claims.

WMC has also received indemnification demands, nearly all of which are unspecified, from depositors/underwriters/sponsors of RMBS in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party. WMC believes that it has defenses to these demands.

To the extent WMC is required to repurchase loans, WMC’s loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. The reserve and estimate of possible loss reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim and settlement activity, pending and threatened litigation, court decisions regarding WMC’s legal defenses, indemnification demands, government activity, and other variables in the mortgage industry. Actual losses arising from claims against WMC could exceed these amounts and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, actual settlement rates or losses WMC incurs on repurchased loans differ from its assumptions.

Financial Information for WMC
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	(35)	$	(13)	$	(70)	$	(167)
Earnings (loss) from discontinued operations,
net of taxes	$	(25)	$	(11)	$	(57)	$	(116)

Other Financial Services

In the fourth quarter of 2013, we announced the planned disposition of Consumer Russia and classified the business as discontinued operations. At that time, we recorded a $170 million loss on the planned disposal. We completed the sale in the first quarter of 2014 for proceeds of $232 million.

Financial Information for Consumer Russia
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	-	$	64	$	24	$	195
Gain (loss) on disposal, net of taxes	$	-	$	-	$	4	$	-
Earnings (loss) from discontinued operations,
net of taxes	$	(1)	$	(9)	$	(1)	$	(22)

In the first quarter of 2013, we announced the planned disposition of CLL Trailer Services and classified the business as discontinued operations. We completed the sale in the fourth quarter of 2013 for proceeds of $528 million.

Financial Information for CLL Trailer Services
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Total revenues and other income (loss)	$	-	$	91	$	1	$	274
Gain (loss) on disposal, net of taxes	$	-	$	(21)	$	12	$	(118)
Earnings (loss) from discontinued operations,
net of taxes	$	23	$	(9)	$	34	$	(19)

XML

Investment Securities (Contractual maturities) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014
Amortized cost
Within one year	$ 1,850
After one year through five years	3,807
After five years through ten years	5,294
After ten years	18,642
Estimated fair value
Within one year	1,857
After one year through five years	4,150
After five years through ten years	5,626
After ten years	$ 22,126

XML

Fair Value Measurements (Level 3 Measurements) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value	$ 2,947	$ 2,816
Individually Insignificant Recurring Fair Value Measurements	240	327
Individually Insignificant NonRecurring Fair Value Measurements	100	571
Level 3
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Assets Measured On Non Recurring Basis	1,325	1,460
Level 3 | Recurring | US Corporate | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	985	898
Level 3 | Recurring | US Corporate | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	1.50%	1.50%
Level 3 | Recurring | US Corporate | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	10.00%	13.30%
Level 3 | Recurring | US Corporate | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	6.20%	6.50%
Level 3 | Recurring | State And Municipal Debt | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	478
Level 3 | Recurring | State And Municipal Debt | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	2.00%
Level 3 | Recurring | State And Municipal Debt | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	5.20%
Level 3 | Recurring | State And Municipal Debt | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	3.30%
Level 3 | Recurring | Asset-backed | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	7,244	6,854
Level 3 | Recurring | Asset-backed | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	1.90%	1.20%
Level 3 | Recurring | Asset-backed | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	11.00%	10.50%
Level 3 | Recurring | Asset-backed | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	5.00%	3.70%
Level 3 | Recurring | Corporate - non-U.S. | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	633	819
Level 3 | Recurring | Corporate - non-U.S. | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	0.20%	1.40%
Level 3 | Recurring | Corporate - non-U.S. | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	15.10%	46.00%
Level 3 | Recurring | Corporate - non-U.S. | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	7.80%	15.10%
Level 3 | Recurring | Other | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	6.30%	6.30%
Weighted Average Discount Rate Used For Level Three Valuation		9.30%
Discount Rate	4.10%	5.20%
Level 3 | Recurring | Other | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	7.80%	7.50%
Weighted Average Discount Rate Used For Level Three Valuation		9.30%
Discount Rate	4.80%	8.80%
Level 3 | Recurring | Other | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	7.40%	7.20%
Weighted Average Discount Rate Used For Level Three Valuation		9.30%
Discount Rate	4.30%	5.30%
Level 3 | Recurring | Other | Market comparables | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	5.4	5.4
Level 3 | Recurring | Other | Market comparables | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	9.1	12.5
Level 3 | Recurring | Other | Market comparables | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
EBITDA Multiple	7.7	9.5
Level 3 | Recurring | Other | Income Approach And Market Comparable Valuation
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Investments, Fair Value Disclosure	227	381
Level 3 | Nonrecurring | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Assets Measured On Non Recurring Basis	787	1,937
Level 3 | Nonrecurring | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	2.70%	5.50%
Discount Rate		6.60%
EBITDA Multiple	4.3	4.3
Level 3 | Nonrecurring | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	11.30%	16.70%
Discount Rate		6.60%
EBITDA Multiple	6.5	5.5
Level 3 | Nonrecurring | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	7.30%	8.00%
Discount Rate		6.60%
EBITDA Multiple	6.1	4.8
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable Valuation
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Assets Measured On Non Recurring Basis		102
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable Valuation | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate		8.50%
WACC		9.30%
Discount Rate		5.70%
Revenue multiple		2.2
EBITDA Multiple		7.1
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable Valuation | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate		10.60%
WACC		9.60%
Discount Rate		5.90%
Revenue multiple		12.6
EBITDA Multiple		14.5
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable Valuation | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate		10.00%
WACC		9.40%
Discount Rate		5.80%
Revenue multiple		9.4
EBITDA Multiple		11.3
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable And Business Enterprise
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Assets Measured On Non Recurring Basis	343
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable And Business Enterprise | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	8.00%
EBITDA Multiple	1.8
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable And Business Enterprise | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	10.00%
EBITDA Multiple	16.2
Level 3 | Nonrecurring | Cost and equity method investments [Member] | Income Approach And Market Comparable And Business Enterprise | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Discount Rate	9.40%
EBITDA Multiple	7.8
Level 3 | Nonrecurring | Long Lived Assets, Including Real Estate [Member] | Income Approach
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value Assets Measured On Non Recurring Basis	$ 877	$ 694
Level 3 | Nonrecurring | Long Lived Assets, Including Real Estate [Member] | Income Approach | Lower Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	5.50%	5.40%
Discount Rate	2.00%	4.00%
Level 3 | Nonrecurring | Long Lived Assets, Including Real Estate [Member] | Income Approach | Upper Limit
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	15.30%	14.50%
Discount Rate	19.00%	23.00%
Level 3 | Nonrecurring | Long Lived Assets, Including Real Estate [Member] | Income Approach | Weighted Average
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items]
Capitalization Rate	6.30%	7.80%
Discount Rate	6.80%	9.00%

XML

Borrowings and Bank Deposits (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2014		Dec. 31, 2013
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	$ 69,916		$ 77,890
Long-term borrowings (Note 8)	213,179		221,665
Non Recourse Borrowings Of Consolidated Securitization Entities	30,231		30,124
Bank deposits (Note 8)	60,815		53,361
Total borrowings and bank deposits	374,141		383,040
Scenario, Adjustment [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	(803)		(1,249)
Long-term borrowings (Note 8)	(99)		(129)
Subsidiaries [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	2,043	[1]	1,841	[1]
Long-term borrowings (Note 8)	14,543	[1]	11,515	[1]
Non Recourse Borrowings Of Consolidated Securitization Entities	0	[1]	0	[1]
Bank deposits (Note 8)	0	[1]	0	[1]
Subsidiaries [Member] | Commercial Paper [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	350		0
Subsidiaries [Member] | Notes Payable to Banks [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	652		346
Long-term borrowings (Note 8)	6		10
Subsidiaries [Member] | Current Portion Of Long Term Borrowings [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	82		70
Subsidiaries [Member] | Other Short Term Borrowing [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	959		1,425
Subsidiaries [Member] | Senior unsecured notes [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 8)	13,944		10,968
Subsidiaries [Member] | Other Long Term Borrowing [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 8)	593		537
Subsidiaries [Member] | Non Recourse Borrowings Of Consolidated Securitization Entites [Member]
Borrowings And Bank Deposits [Line Items]
Non Recourse Borrowings Of Consolidated Securitization Entities	30,231		30,124
Subsidiaries GECC [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	68,676		77,298
Long-term borrowings (Note 8)	198,735		210,279
Non Recourse Borrowings Of Consolidated Securitization Entities	30,231		30,124
Bank deposits (Note 8)	60,815		53,361
Subsidiaries GECC [Member] | US Commercial Paper [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	21,999		24,877
Subsidiaries GECC [Member] | Non US Commercial Paper [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	3,014		4,168
Subsidiaries GECC [Member] | Current Portion Of Long Term Borrowings [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	37,319		39,215
Subsidiaries GECC [Member] | GE Interest Plus notes [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	5,732		8,699
Subsidiaries GECC [Member] | Other Short Term Borrowing [Member]
Borrowings And Bank Deposits [Line Items]
Short-term borrowings (Note 8)	612		339
Subsidiaries GECC [Member] | Senior unsecured notes [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 8)	170,048		186,433
Subsidiaries GECC [Member] | Subordinated notes [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 8)	4,775		4,821
Subsidiaries GECC [Member] | Subordinated Debt [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 8)	7,263		7,462
Subsidiaries GECC [Member] | Other Long Term Borrowing [Member]
Borrowings And Bank Deposits [Line Items]
Long-term borrowings (Note 8)	$ 16,649		$ 11,563

[1] 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.

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Summary of Significant Accounting Policies (Policy)

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

1. Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation

The accompanying condensed, consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013 (2013 consolidated financial statements), which discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), whose continuing operations are presented on a one-line basis; GECC consists of General Electric Capital Corporation and all of its affiliates; and “Consolidated” represents the adding together of GE and GECC with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as “revenues” throughout Item 1 of this Form 10-Q.

We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the condensed, consolidated financial statements relates to continuing operations.

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Shareowners' Equity (Reclass Out of Accumulated Other Comprehensive Income) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Benefit (provision) for income taxes	$ (463)	$ (348)	$ (1,172)	$ (1,166)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	3,509	3,181	10,006	9,991
Costs and Expenses	(32,259)	(32,041)	(95,435)	(94,171)
Financial Services Revenue	10,026	10,146	29,955	31,740
GE interest and other financial charges	(2,357)	(2,445)	(7,116)	(7,648)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	3,915	3,620	11,150	11,492
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(942)	(710)	(2,187)	(2,355)
Reclassification out of Accumulated Other Comprehensive Income | Currency Translation Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Benefit (provision) for income taxes	1	7	124	85
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	15	56	(25)	156
Costs and Expenses	14	49	(149)	71
Reclassification out of Accumulated Other Comprehensive Income | Cash Flow Hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Benefit (provision) for income taxes	30	(20)	39	(85)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(384)	5	(557)	(80)
Other Nonoperating Income (Expense)	20	51	(14)	119
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(414)	25	(596)	5
Reclassification out of Accumulated Other Comprehensive Income | Pension Plan, Defined Benefit
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Benefit (provision) for income taxes	316	402	870	1,209
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(592)	(756)	(1,639)	(2,278)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	(908)	(1,158)	(2,509)	(3,487)
Curtailment loss	(113)	0	(113)	0
Prior service cost amortization	(147)	(168)	(465)	(499)
Defined Benefit Plan, Amortization of Gains (Losses)	(648)	(990)	(1,931)	(2,988)
Reclassification out of Accumulated Other Comprehensive Income | Available-for-sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Other Income	34	(26)	53	(277)
Benefit (provision) for income taxes	(15)	11	(19)	124
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	19	(15)	34	(153)
Reclassification out of Accumulated Other Comprehensive Income | Interest Rate Contract | Cash Flow Hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
GE interest and other financial charges	(53)	(88)	(182)	(282)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Exchange Contract | Cash Flow Hedge
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Financial Services Revenue	(381)	62	(400)	168
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Financial Services Revenue	(357)	73	(368)	210
GE interest and other financial charges	(24)	(11)	(32)	(42)
GECC
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives
Benefit (provision) for income taxes	(47)	(3)	(29)	(100)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	1,604	1,822	5,398	5,469
Costs and Expenses	(8,857)	(8,690)	(25,819)	(27,087)
Financial Services Revenue	10,423	10,573	31,124	32,900
GE interest and other financial charges	(2,093)	(2,224)	(6,325)	(6,994)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	$ 1,594	$ 1,916	$ 5,394	$ 5,903

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Shareowners' Equity (Tables)

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Accumulated other comprehensive income

Accumulated Other Comprehensive Income (Loss)
	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Investment securities
Beginning balance	$	1,040	$	146	$	307	$	677
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $(146), $67, $310 and $(302)		(265)		155		484		(515)
Reclassifications from OCI – net of deferred taxes
of $(15), $11, $(19) and $124		(19)		15		(34)		153
Other comprehensive income (loss)(a)		(284)		170		450		(362)
Less OCI attributable to noncontrolling interests		1		1		2		-
Ending balance	$	755	$	315	$	755	$	315
Currency translation adjustments (CTA)
Beginning balance	$	61	$	358	$	126	$	412
OCI before reclassifications – net of deferred taxes		(1,575)		(327)		(1,674)		(313)
of $198, $(12), $314 and $(326)
Reclassifications from OCI – net of deferred taxes
of $1, $7, $124 and $85		(15)		(56)		25		(156)
Other comprehensive income (loss)(a)		(1,590)		(383)		(1,649)		(469)
Less OCI attributable to noncontrolling interests		(11)		11		(5)		(21)
Ending balance	$	(1,518)	$	(36)	$	(1,518)	$	(36)
Cash flow hedges
Beginning balance	$	(176)	$	(430)	$	(257)	$	(722)
OCI before reclassifications – net of deferred taxes		(329)		63		(421)		271
of $(44), $43, $(5) and $144
Reclassifications from OCI – net of deferred taxes
of $30, $(20), $39 and $(85)		384		(5)		557		80
Other comprehensive income (loss)(a)		55		58		136		351
Less OCI attributable to noncontrolling interests		-		(2)		-		(1)
Ending balance	$	(121)	$	(370)	$	(121)	$	(370)
Benefit plans
Beginning balance	$	(8,083)	$	(18,537)	$	(9,296)	$	(20,597)
Prior service credit (costs) - net of deferred taxes
of $212, $0, $212 and $0		374		-		374		-
Net actuarial gain (loss) – net of deferred taxes
of $(58), $(7), $(26) and $295		(107)		9		59		548
Net curtailment/settlement - net of deferred taxes
of $41, $0, $41 and $0		72		-		72		-
Prior service cost amortization – net of deferred taxes
of $62, $68, $192 and $201		85		100		273		298
Net actuarial loss amortization – net of deferred taxes
of $213, $334, $637 and $1,008		435		656		1,294		1,980
Other comprehensive income (loss)(a)		859		765		2,072		2,826
Less OCI attributable to noncontrolling interests		2		-		2		1
Ending balance	$	(7,226)	$	(17,772)	$	(7,226)	$	(17,772)
Accumulated other comprehensive income (loss) at
September 30	$	(8,110)	$	(17,863)	$	(8,110)	$	(17,863)

(a)Total other comprehensive income (loss) was $(960) million and $610 million in the three months ended September 30, 2014 and 2013, respectively, and $1,009 million and $2,346 million in the nine months ended September 30, 2014 and 2013, respectively.

Reclassification out of Accumulated Other Comprehensive Income

Reclassification out of AOCI
	Three months endedSeptember 30					Nine months ended September 30
(In millions)		2014		2013		2014		2013		Statement of Earnings Caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities		$	34	$	(26)	$	53	$	(277)	Other income
			(15)		11		(19)		124	Benefit (provision) for income taxes
		$	19	$	(15)	$	34	$	(153)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions		$	14	$	49	$	(149)	$	71	Costs and expenses
			1		7		124		85	Benefit (provision) for income taxes
		$	15	$	56	$	(25)	$	156	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives		$	(53)	$	(88)	$	(182)	$	(282)	Interest and other financial charges
Foreign exchange contracts			(381)		62		(400)		168	(a)
Other			20		51		(14)		119	(b)
			(414)		25		(596)		5	Total before tax
			30		(20)		39		(85)	Benefit (provision) for income taxes
		$	(384)	$	5	$	(557)	$	(80)	Net of tax
Benefit plan items
Curtailment loss		$	(113)	$	-	$	(113)	$	-	(c)
Amortization of prior service costs			(147)		(168)		(465)		(499)	(c)
Amortization of actuarial gains (losses)			(648)		(990)		(1,931)		(2,988)	(c)
			(908)		(1,158)		(2,509)		(3,487)	Total before tax
			316		402		870		1,209	Benefit (provision) for income taxes
		$	(592)	$	(756)	$	(1,639)	$	(2,278)	Net of tax
Total reclassification adjustments		$	(942)	$	(710)	$	(2,187)	$	(2,355)	Net of tax

• Included $(357) million and $73 million in GECC revenues from services and $(24) million and $(11) million in interest and other financial charges in the three months ended September 30, 2014 and 2013, respectively, and $(368) million and $210 million in GECC revenues from services and $(32) million and $(42) million in interest and other financial charges in the nine months ended September 30, 2014 and 2013, respectively.
• Primarily recorded in costs and expenses.
• Curtailment loss, amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 9 for further information.

Changes to noncontrolling interests

Noncontrolling Interests
	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013
Beginning balance	$	6,054	$	6,302	$	6,217	$	5,444
Net earnings (loss)		(21)		(10)		(2)		140
GECC issuance of preferred stock		-		-		-		990
GECC preferred stock dividend		-		-		(161)		(135)
Dividends		(20)		(9)		(55)		(72)
Dispositions		(6)		(15)		(98)		(119)
Synchrony Financial IPO		2,393		-		2,393		-
Other (including AOCI)		113		85		219		105
Ending balance	$	8,513	$	6,353	$	8,513	$	6,353

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GECC Revenues From Services

9 Months Ended

Sep. 30, 2014

Financial Services Revenue [Abstract]

GECC Revenues From Services

	Three months ended September 30				Nine months ended September 30
(In millions)	2014		2013		2014		2013
Interest on loans	$	4,350	$	4,532	$	12,912	$	13,443
Equipment leased to others		2,417		2,435		7,514		7,397
Fees		1,177		1,195		3,412		3,485
Investment income(a)		617		514		1,785		1,502
Financing leases		345		395		1,075		1,220
Associated companies		211		406		884		852
Premiums earned by insurance activities		397		403		1,130		1,208
Real estate investments(b)		358		331		1,058		2,139
Other items		551		362		1,354		1,654
		10,423		10,573		31,124		32,900
Eliminations		(397)		(427)		(1,169)		(1,160)
Total	$	10,026	$	10,146	$	29,955	$	31,740

• Included net other-than-temporary impairments on investment securities of $5 million and $56 million in the three months ended September 30, 2014 and 2013, respectively, and $48 million and $467million in the nine months ended September 30, 2014 and 2013, respectively. The three and nine months ended September 30, 2013 included $96 million related to the impairment of an investment in a Brazilian company that was fully offset by the benefit of a guarantee provided by GE reflected as a component in other items.
• During the nine months ended September 30, 2013, we sold real estate comprising certain floors located at 30 Rockefeller Center, New York for a pre-tax gain of $902 million.