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GUARANTOR FINANCIAL INFORMATION
 3 Months Ended
Mar. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
GUARANTOR FINANCIAL INFORMATION
NOTE 21. GUARANTOR FINANCIAL INFORMATION
GE Capital International Funding Company Unlimited Company (the Issuer) previously issued senior unsecured registered notes that are fully and unconditionally, jointly and severally guaranteed by both the Company and GE Capital International Holdings Limited (each a Guarantor, and together, the Guarantors).
CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED MARCH 31, 2020 (UNAUDITED)
 
(In millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Sales of goods and services
$
6,217

$
—

$
—

$
29,404

$
(16,806
)
$
18,814

GE Capital revenues from services
—

238

2

1,983

(513
)
1,709

Total revenues
6,217

238

2

31,386

(17,319
)
20,524

 
 
 
 
 
 
 
Interest and other financial charges
295

258

313

337

(409
)
794

Other costs and expenses
6,898

—

—

32,294

(19,068
)
20,124

Total costs and expenses
7,192

258

313

32,631

(19,477
)
20,918

Other income (loss)
705

—

—

18,294

(12,129
)
6,869

Equity in earnings (loss) of affiliates
6,615

—

278

17,098

(23,991
)
—

Earnings (loss) from continuing operations before income taxes
6,344

(20
)
(34
)
34,148

(33,963
)
6,475

Benefit (provision) for income taxes
20

2

—

421

(506
)
(63
)
Earnings (loss) from continuing operations
6,363

(17
)
(34
)
34,568

(34,469
)
6,412

Earnings (loss) from discontinued operations, net of taxes
(164
)
—

(15
)
—

1

(178
)
Net earnings (loss)
6,199

(17
)
(49
)
34,568

(34,468
)
6,233

Less net earnings (loss) attributable to noncontrolling interests
—

—

—

1

33

34

Net earnings (loss) attributable to the Company
6,199

(17
)
(49
)
34,567

(34,501
)
6,199

Other comprehensive income (loss)
913

—

(12
)
(823
)
835

913

Comprehensive income (loss) attributable to the Company
$
7,113

$
(17
)
$
(61
)
$
33,744

$
(33,666
)
$
7,113

CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED MARCH 31, 2019 (UNAUDITED)
 
(In millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Sales of goods and services
$
4,580

$
—

$
—

$
38,456

$
(22,779
)
$
20,257

GE Capital revenues from services
—

233

75

2,580

(943
)
1,945

Total revenues
4,580

233

75

41,035

(23,722
)
22,202

 
 
 
 
 
 
 
Interest and other financial charges
379

231

379

577

(501
)
1,065

Other costs and expenses
8,494

—

—

38,880

(26,512
)
20,862

Total costs and expenses
8,873

231

380

39,457

(27,013
)
21,927

Other income (loss)
(6,743
)
—

—

16,963

(9,372
)
847

Equity in earnings (loss) of affiliates
14,929

—

375

11,013

(26,318
)
—

Earnings (loss) from continuing operations before income taxes
3,893

3

71

29,555

(32,399
)
1,122

Benefit (provision) for income taxes
(335
)
—

—

(658
)
854

(140
)
Earnings (loss) from continuing operations
3,558

2

71

28,896

(31,545
)
983

Earnings (loss) from discontinued operations, net of taxes
30

—

—

—

2,632

2,663

Net earnings (loss)
3,588

2

71

28,896

(28,912
)
3,645

Less net earnings (loss) attributable to noncontrolling interests
—

—

—

(1
)
58

57

Net earnings (loss) attributable to the Company
3,588

2

71

28,897

(28,970
)
3,588

Other comprehensive income (loss)
929

—

(1,082
)
(443
)
1,524

930

Comprehensive income (loss) attributable to the Company
$
4,517

$
2

$
(1,011
)
$
28,454

$
(27,446
)
$
4,517


CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION MARCH 31, 2020 (UNAUDITED)
 
(In millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
$
27,463

$
—

$
—

$
20,390

$
(567
)
$
47,286

Receivables - net
41,752

17,970

84

56,003

(88,382
)
27,427

Investment in subsidiaries
198,819

—

40,645

441,860

(681,324
)
—

All other assets
27,445

1,431

—

304,108

(145,676
)
187,308

Total assets
$
295,479

$
19,401

$
40,729

$
822,360

$
(915,949
)
$
262,021

 
 
 
 
 
 
 
Short-term borrowings
$
150,985

$
6,024

$
3,598

$
6,511

$
(148,996
)
$
18,122

Long-term and non-recourse borrowings
37,967

12,028

23,954

31,336

(38,255
)
67,032

All other liabilities
64,455

337

68

138,217

(63,069
)
140,008

Total liabilities
253,408

18,390

27,620

176,064

(250,320
)
225,162

 
 
 
 
 
 
 
Total liabilities and equity
$
295,479

$
19,401

$
40,729

$
822,360

$
(915,949
)
$
262,021


CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2019
(In millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Cash, cash equivalents and restricted cash
$
10,591

$
—

$
—

$
26,438

$
(636
)
$
36,394

Receivables - net
47,170

17,726

230

61,026

(99,104
)
27,047

Investment in subsidiaries
147,397

—

40,408

421,613

(609,418
)
—

All other assets
28,377

236

—

291,995

(118,000
)
202,607

Total assets
$
233,535

$
17,961

$
40,638

$
801,071

$
(827,158
)
$
266,048

 
 
 
 
 
 
 
Short-term borrowings
$
135,172

$
5,991

$
2,981

$
9,712

$
(131,783
)
$
22,072

Long-term and non-recourse borrowings
40,660

10,780

24,417

34,262

(41,310
)
68,809

All other liabilities
66,808

161

70

146,972

(68,705
)
145,306

Total liabilities
242,640

16,932

27,468

190,946

(241,799
)
236,187

 
 
 
 
 
 
 
Total liabilities and equity
$
233,535

$
17,961

$
40,638

$
801,071

$
(827,158
)
$
266,048


CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2020 (UNAUDITED)
(In millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Cash from (used for)
  operating activities
$
2,339

$
558

$
(819
)
$
30,587

$
(32,879
)
$
(214
)
 
 
 
 
 
 
 
Cash from (used for) investing activities
$
(584
)
$
(558
)
$
14

$
(21,387
)
$
41,601

$
19,086

 
 
 
 
 
 
 
Cash from (used for) financing activities
$
15,117

$
—

$
805

$
(15,188
)
$
(8,653
)
$
(7,919
)
 
 
 
 
 
 
 
Effect of currency exchange rate changes on
  cash, cash equivalents and restricted cash
—

—

—

(256
)
—

(256
)
Increase (decrease) in cash, cash
  equivalents and restricted cash
16,872

—

—

(6,243
)
69

10,697

Cash, cash equivalents and restricted cash
  at beginning of year
10,591

—

—

27,121

(636
)
37,077

Cash, cash equivalents and restricted cash
at March 31
27,463

—

—

20,878

(567
)
47,774

Less cash, cash equivalents and restricted
  cash of discontinued operations at
  March 31
—

—

—

437

—

437

Cash, cash equivalents and restricted cash
  of continuing operations at March 31
$
27,463

$
—

$
—

$
20,441

$
(567
)
$
47,338

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2019 (UNAUDITED)
(In millions)
Parent
Company
Guarantor

Subsidiary
Issuer

Subsidiary
Guarantor

Non-
Guarantor
Subsidiaries

Consolidating
Adjustments

Consolidated

 
 
 
 
 
 
 
Cash from (used for)
  operating activities(a)
$
(6,665
)
$
611

$
(1,063
)
$
(22,734
)
$
29,973

$
122

 
 
 
 
 
 
 
Cash from (used for) investing activities
$
7,201

$
(611
)
$
(61
)
$
48,313

$
(51,352
)
$
3,490

 
 
 
 
 
 
 
Cash from (used for) financing activities
$
(555
)
$
—

$
1,124

$
(26,436
)
$
22,133

$
(3,735
)
 
 
 
 
 
 
 
Effect of currency exchange rate changes on
  cash, cash equivalents and restricted cash
—

—

—

78

—

78

Increase (decrease) in cash, cash equivalents and restricted cash
(20
)
—

—

(779
)
753

(45
)
Cash, cash equivalents and restricted cash
  at beginning of year
9,561

—

1

30,398

(4,412
)
35,548

Cash, cash equivalents and restricted cash
at March 31
9,541

—

—

29,620

(3,658
)
35,503

Less cash, cash equivalents and restricted
  cash of discontinued operations at
  March 31
—

—

—

3,671

—

3,671

Cash, cash equivalents and restricted cash
  of continuing operations at March 31
$
9,541

$
—

$
—

$
25,949

$
(3,658
)
$
31,832


(a)
Parent Company Guarantor cash flows included cash from (used for) operating activities of discontinued operations of $(2,984) million.