XML 255 R12.htm IDEA: XBRL DOCUMENT

Inventories

12 Months Ended

Dec. 31, 2014

NOTE 5. INVENTORIES


December 31 (In millions)	2014		2013

GE
Raw materials and work in process	$	9,820	$	9,760
Finished goods		7,126		7,161
Unbilled shipments		755		609
		17,701		17,530
Less revaluation to LIFO		(62)		(273)
Total GE		17,639		17,257

GECC
Finished goods		50		68
Total consolidated	$	17,689	$	17,325

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details