All Other Assets (Tables)

12 Months Ended

Dec. 31, 2014

December 31 (In millions)		2014		2013

GE
Investments
Associated companies	$	3,384	$	3,937
Other		613		626
		3,997		4,563
Contract costs and estimated earnings(a)		13,990		12,522
Long-term receivables, including notes		766		993
Derivative instruments		783		623
Other		5,144		5,007
		24,680		23,708
GECC
Investments
Associated companies		16,752		17,353
Assets held for sale(b)		3,131		1,214
Real estate		1,006		1,423
Cost method(c)		566		1,462
Other		1,621		930
		23,076		22,382
Derivative instruments		1,701		974
Advances to suppliers		1,406		2,328
Deferred borrowing costs		849		867
Deferred acquisition costs(d)		17		29
Other		3,819		3,961
		30,868		30,541
Eliminations		(330)		(265)
Total	$	55,218	$	53,984

(a) Contract costs and estimated earnings reflect revenues earned in excess of billings on our long-term contracts to construct technically complex equipment (such as power generation, aircraft engines and aeroderivative units) and long-term product maintenance or extended warranty arrangements. These amounts are presented net of related billings in excess of revenues relating to long-term product maintenance or extended warranty arrangements of $2,329 million and $1,842 million at December 31, 2014 and 2013, respectively.

(b) Assets were classified as held for sale on the date a decision was made to dispose of them through sale or other means. At December 31, 2014 and 2013, such assets consisted primarily of loans, aircraft, equipment and real estate properties, and were accounted for at the lower of carrying amount or estimated fair value less costs to sell. These amounts are net of valuation allowances of $135 million and $97 million at December 31, 2014 and 2013, respectively.

(c) The fair value of and unrealized loss on cost method investments in a continuous loss position for less than 12 months at December 31, 2014, were $5 million and $1 million, respectively. The fair value of and unrealized loss on cost method investments in a continuous loss position for 12 months or more at December 31, 2014, were an insignificant amount and $1 million, respectively. The fair value of and unrealized loss on cost method investments in a continuous loss position for less than 12 months at December 31, 2013, were $17 million and $1 million, respectively. There were no cost method investments in a continuous loss position for 12 months or more at December 31, 2013.

(d) Balances at December 31, 2014 and 2013 reflect adjustments of $624 million and $700 million, respectively, to deferred acquisition costs in our run-off insurance operations to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.