Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2016

Variable Interest Entities [Abstract]

ASSETS AND LIABILITIES OF CONSOLIDATED VIEs

				GE Capital
				Trade receivables			Other
(In millions)	GE			securitization(a)			securitization(a)		Other	Total

March 31, 2016
Assets
Financing receivables, net	$	-	$	-		$	375	$	774	$	1,149
Current receivables		164		3,441	(b)		-		-		3,605
Investment securities		-		-			-		1,493		1,493
Other assets		1,118		-			14		1,168		2,300
Total	$	1,282	$	3,441		$	389	$	3,435	$	8,547

Liabilities
Borrowings	$	48	$	-		$	360	$	899	$	1,307
Non-recourse borrowings		-		2,780			-		-		2,780
Other liabilities		1,132		24			28		1,406		2,590
Total	$	1,180	$	2,804		$	388	$	2,305	$	6,677

December 31, 2015
Assets
Financing receivables, net	$	-	$	-		$	-	$	882	$	882
Current receivables		385		3,506	(b)		-		-		3,891
Investment securities		-		-			-		1,404		1,404
Other assets		2,482		24			-		1,068		3,574
Total	$	2,867	$	3,530		$	-	$	3,354	$	9,751

Liabilities
Borrowings	$	221	$	-		$	-	$	960	$	1,181
Non-recourse borrowings		-		3,022			-		61		3,083
Other liabilities		2,289		34			-		1,234		3,557
Total	$	2,510	$	3,056		$	-	$	2,255	$	7,821

We provide servicing to the Consolidated Securitization Entities (CSEs) and are contractually permitted to commingle cash collected from customers on financing receivables sold to the CSEs investors with our own cash prior to payment to the CSEs, provided our short-term credit rating does not fall below A-1/P-1. The CSEs also owe us amounts for purchased financial assets and scheduled interest and principal payments. At March 31, 2016 and December 31, 2015, the amounts of commingled cash owed to the CSEs were $994 million and $1,093 million, respectively, and the amounts owed to us by the CSEs were $11 million and $7 million, respectively.
Included $734 million and $737 million of receivables at March 31, 2016 and December 31, 2015, respectively, originated by Appliances. We require third party debt holder consent to sell these assets. The receivables will be included in assets of businesses held for sale when the consent is received.

Unconsolidated VIE

INVESTMENTS IN UNCONSOLIDATED VIEs

(In millions)	March 31, 2016		December 31, 2015

Other assets and investment securities	$	6,033	$	745
Financing receivables – net		13		13
Total investments		6,046		758
Contractual obligations to fund investments, guarantees or revolving lines of credit		825		29
Total exposure(a)	$	6,871	$	787

(a) The increase in the unconsolidated VIE disclosure above is a result of adoption of ASU 2015-02 on January 1, 2016. These investments, prior to the adoption of ASU 2015-02, were not considered VIEs. Further information is provided in Note 1.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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