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)