Borrowings (Tables)

3 Months Ended

Mar. 31, 2017

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

(In millions)	March 31, 2017		December 31, 2016
Short-term borrowings
GE
Commercial paper	$	2,000	$	1,500
Current portion of long-term borrowings		13,229		17,109
Other		1,631		1,874
Total GE short-term borrowings(a)		16,860		20,482
GE Capital
U.S. Commercial paper		5,017		5,002
Current portion of long-term borrowings(b)		7,186		6,517
Intercompany payable to GE(c)		9,110		11,696
Other		340		229
Total GE Capital short-term borrowings		21,654		23,443
Eliminations (c)		(10,190)		(13,212)
Total short-term borrowings	$	28,324	$	30,714
Long-term borrowings
GE
Senior notes	$	52,649	$	54,396
Subordinated notes		2,767		2,768
Subordinated debentures(e)		723		719
Other		1,002		928
Total GE long-term borrowings(a)		57,142		58,810
GE Capital
Senior notes		40,940		44,131
Subordinated notes		225		236
Intercompany payable to GE(d)		41,207		47,084
Other(b)		1,451		1,992
Total GE Capital long-term borrowings		83,824		93,443
Eliminations (d)		(41,292)		(47,173)
Total long-term borrowings	$	99,674	$	105,080
Non-recourse borrowings of consolidated securitization entities(f)	$	668	$	417
Total borrowings	$	128,667	$	136,210

• Excluding assumed debt of GE Capital, the total amount of GE borrowings was $23,685 million and $20,512 million at March 31, 2017 and December 31, 2016, respectively.
• Included $1,891million and $2,665million of funding secured by aircraft and other collateral at March 31, 2017 and December 31, 2016, respectively, of which $682million and $1,419million is non-recourse to GE Capital at March 31, 2017 and December 31, 2016, respectively.
• Included a reduction of zero and $1,329 million for short-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement.  Excluding intercompany loans, total short-term assumed debt was $9,110 million and $13,024 million at March 31, 2017 and December 31, 2016, respectively. The remaining short-term loan balance was paid in January 2017. 
• Included a reduction of $4,075 million and zero for long-term intercompany loans from GE Capital to GE at March 31, 2017 and December 31, 2016, respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $45,282 million and $47,084 million at March 31, 2017 and December 31, 2016, respectively. The $4,075 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years.
• Comprises subordinated debentures 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 $521 million and $320 million of current portion of long-term borrowings at March 31, 2017 and December 31, 2016, respectively. See Note 17.