

(In millions)	June 30, 2018			December 31, 2017

Short-term borrowings
GE
Commercial paper	$	3,010		$	3,000
Current portion of long-term borrowings	3,125			9,452
Other	2,183			2,095
Total GE short-term borrowings	8,319			14,548

GE Capital
Commercial paper	3,018			5,013
Current portion of long-term borrowings(a)	4,408			5,781
Intercompany payable to GE	2,749			8,310
Other	691			497
Total GE Capital short-term borrowings	10,866			19,602

Eliminations	(4,766		)	(10,114		)
Total short-term borrowings	$	14,419		$	24,036

Long-term borrowings
GE
Senior notes(b)	$	58,460		$	62,724
Subordinated notes	2,897			2,913
Other	1,283			1,403
Total GE long-term borrowings	62,640			67,040

GE Capital
Senior notes	36,519			40,754
Subordinated notes	175			208
Intercompany payable to GE(c)	26,560			31,533
Other(a)	988			1,118
Total GE Capital long-term borrowings	64,241			73,614

Eliminations(c)	(27,050		)	(32,079		)
Total long-term borrowings	$	99,832		$	108,575
Non-recourse borrowings of consolidated securitization entities(d)	$	1,322		$	1,980
Total borrowings	$	115,573		$	134,591


(a)	Included $260 million and $988 million of short- and long-term borrowings, respectively, at June 30, 2018 and $348 million and $1,118 million of short- and long-term borrowings, respectively, at December 31, 2017, of funding secured by aircraft and other collateral. Of this, $320 million and $458 million is non-recourse to GE Capital at June 30, 2018 and December 31, 2017, respectively.


(b)	Included $6,191 million and $6,206 million of BHGE senior notes at June 30, 2018 and December 31, 2017, respectively. Total BHGE borrowings were $6,446 million and $7,225 million at June 30, 2018 and December 31, 2017, respectively.

(c)

Included a reduction of $8,190 million and $7,271 million for long-term intercompany loans from GE Capital to GE at June 30, 2018 and December 31, 2017, respectively, which bear the right of offset against amounts owed under the assumed debt agreement. Excluding intercompany loans, total long-term assumed debt was $34,750 million and $38,804 million at June 30, 2018 and December 31, 2017, respectively. The $8,190 million of intercompany loans collectively have a weighted average interest rate of 3.6% and term of approximately 15 years, and can be prepaid at any time, in whole or in part, by GE without premium or penalty.


(d)	Included $361 million and $621 million of current portion of long-term borrowings at June 30, 2018 and December 31, 2017, respectively. See Note 17 for further information.