Intercompany Transactions

9 Months Ended

Sep. 30, 2016

Intercompany Transactions [Abstract]

Intercompany Transactions

NOTE 17. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GE Capital dividends to GE; GE customer receivables sold to GE Capital; GE Capital services for trade receivables management and material procurement; buildings and equipment leased between GE and GE Capital, including sales-leaseback activity; information technology (IT) and other services sold to GE Capital by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GE Capital from third-party producers for lease to others; expenses related to parent-subsidiary pension plans, and various investments, loans and allocations of GE corporate overhead costs.

These intercompany transactions are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(16,399) million, $6,011 million and $10,390 million inthe nine months endedSeptember 30,2016, and $(413) million, $(56) million and $469 million inthe nine months endedSeptember 30,2015, respectively. Details of these eliminations are shown below.

	Nine months ended September 30
(In millions)	2016		2015
Cash from (used for) operating activities-continuing operations
Combined	$	20,245	$	5,857
GE customer receivables sold to GE Capital		37		162
GE Capital dividends to GE		(16,050)		(450)
Other reclassifications and eliminations		(386)		(125)
Total cash from (used for) operating activities-continuing operations	$	3,846	$	5,444
Cash from (used for) investing activities-continuing operations
Combined	$	47,548	$	59,522
GE customer receivables sold to GE Capital		767		(243)
GE Capital short-term loan to GE		5,002		-
Other reclassifications and eliminations		242		187
Total cash from (used for) investing activities-continuing operations	$	53,559	$	59,466
Cash from (used for) financing activities-continuing operations
Combined	$	(85,578)	$	(48,026)
GE customer receivables sold to GE Capital		(804)		81
GE Capital dividends to GE		16,050		450
GE Capital short-term loan to GE		(5,002)		-
Other reclassifications and eliminations		146		(62)
Total cash from (used for) financing activities-continuing operations	$	(75,188)	$	(47,556)