Borrowings (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

(In millions)	September 30, 2016		December 31, 2015
Short-term borrowings
GE
Commercial paper	$	1,500	$	500
Current portion of long-term borrowings		15,212		17,770
Other		2,229		1,522
Total GE short-term borrowings(a)		18,940		19,792
GE Capital
Commercial paper
U.S.		5,002		650
Non-U.S.		-		4,351
Current portion of long-term borrowings(c)		9,356		24,969
Intercompany payable to GE(b)		10,074		17,642
Other		12		1,005
Total GE Capital short-term borrowings		24,444		48,617
Eliminations(b)		(11,813)		(18,549)
Total short-term borrowings	$	31,571	$	49,860
Long-term borrowings
GE
Senior notes	$	61,160	$	72,471
Subordinated notes		2,864		2,940
Subordinated debentures(d)		744		6,600
Other		915		1,298
Total GE long-term borrowings(a)		65,683		83,309
GE Capital
Senior notes		47,993		59,107
Subordinated notes		313		251
Intercompany payable to GE(b)		49,723		67,062
Other(c)		1,798		2,058
Total GE Capital long-term borrowings		99,828		128,478
Eliminations(b)		(49,825)		(67,128)
Total long-term borrowings	$	115,686	$	144,659
Non-recourse borrowings of consolidated securitization entities(e)	$	2,175	$	3,083
Total borrowings	$	149,432	$	197,602

• Excluding assumed debt of GE Capital, GE total borrowings is $19,823 million.
• The amount of the intercompany payable to GE was $59,798 million as of September 30, 2016, which includes a reduction in the short-term intercompany payable to GE for a $(5,002) million loan in the second quarter of 2016 from GE Capital to GE, which bears the right of offset against amounts owed under the assumed debt agreement.
• Included $2,468million and $2,679million of funding secured by aircraft and other collateral at September 30, 2016 and December 31, 2015, respectively, of which $1,425million and $1,534million is non-recourse to GE Capital at September 30, 2016 and December 31, 2015, respectively.
• Included $744 million and $2,587million of subordinated debenturesat September 30, 2016 and December 31, 2015, respectively, which constitute the sole assets of trusts that have issued trust preferred securities and where GE owns 100% of the common securities of the trusts. Obligations associated with these trusts are unconditionally guaranteed by GE.
• Included $1,843 million and $918million of current portion of long-term borrowings at September 30, 2016 and December 31, 2015, respectively. See Note 16.