

(In millions)	September 30, 2017			December 31, 2016

Short-term borrowings
GE
Commercial paper	$	2,000		$	1,500
Current portion of long-term borrowings(d)	14,623			17,109
Other	2,125			1,874
Total GE short-term borrowings(a)	18,748			20,482

GE Capital
U.S. Commercial paper	5,021			5,002
Current portion of long-term borrowings(b)	5,627			6,517
Intercompany payable to GE(c)	9,971			11,696
Other	561			229
Total GE Capital short-term borrowings	21,179			23,443

Eliminations(c)	(11,800		)	(13,212		)
Total short-term borrowings	$	28,127		$	30,714

Long-term borrowings
GE
Senior notes(d)	$	60,314		$	54,396
Subordinated notes	2,938			2,768
Subordinated debentures(f)	382			719
Other	1,463			928
Total GE long-term borrowings(a)	65,097			58,810

GE Capital
Senior notes	41,467			44,131
Subordinated notes	214			236
Intercompany payable to GE(e)	32,623			47,084
Other(b)	1,347			1,992
Total GE Capital long-term borrowings	75,651			93,443

Eliminations(e)	(33,191		)	(47,173		)
Total long-term borrowings	$	107,557		$	105,080
Non-recourse borrowings of consolidated securitization entities(g)	$	708		$	417
Total borrowings	$	136,392		$	136,210


(a)	Excluding assumed debt of GE Capital, the total amount of GE borrowings was $41,252 million and $20,512 million at September 30, 2017 and December 31, 2016, respectively.


(b)	Included $1,653 million and $2,665 million of funding secured by aircraft and other collateral at September 30, 2017 and December 31, 2016, respectively, of which $477 million and $1,419 million is non-recourse to GE Capital at September 30, 2017 and December 31, 2016, respectively.

(c)

Included a reduction of zero and $1,329 million for short-term intercompany loans from GE Capital to GE at September 30, 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 $9,971 million and $13,024 million at September 30, 2017 and December 31, 2016, respectively. The remaining short-term loan balance was paid in January 2017.


(d)	Current portion of long-term borrowings and senior notes at September 30, 2017 included $202 million and $2,923 million, respectively, of borrowings issued by BHGE.

(e)

Included a reduction of $7,271 million and zero for long-term intercompany loans from GE Capital to GE at September 30, 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 $39,893 million and $47,084 million at September 30, 2017 and December 31, 2016, respectively. The $7,271 million of intercompany loans collectively have a weighted average interest rate of 3.5% and term of approximately 15 years.


(f)	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.


(g)	Included $222 million and $320 million of current portion of long-term borrowings at September 30, 2017 and December 31, 2016, respectively. See Note 17.