INTERCOMPANY TRANSACTIONS

9 Months Ended

Sep. 30, 2020

NOTE 20. INTERCOMPANY TRANSACTIONS. Presented below is a walk of intercompany eliminations from the combined GE and GE Capital totals to the consolidated cash flows.


	Nine months ended September 30
(In millions)	2020		2019
Combined GE and GE Capital cash from (used for) operating activities - continuing operations	$	(822)	$	1,311
GE current receivables sold to GE Capital(a)	(1,361)		508
GE long-term receivables sold to GE Capital(b)	210		340

Supply chain finance programs(c)	1,853		1,062
Other reclassifications and eliminations	8		201

Consolidated cash from (used for) operating activities - continuing operations	$	(112)	$	3,423

Combined GE and GE Capital cash from (used for) investing activities - continuing operations	$	26,819	$	9,680
GE current receivables sold to GE Capital	1,086		(1,167)
GE long-term receivables sold to GE Capital(b)	(210)		(340)
Supply chain finance programs(c)	(1,853)		(1,062)

GE Capital long-term loans to GE	(7,500)		(480)
Capital contribution from GE to GE Capital	—		1,500
Other reclassifications and eliminations	(446)		(1,043)
Consolidated cash from (used for) investing activities - continuing operations	$	17,895	$	7,087

Combined GE and GE Capital cash from (used for) financing activities - continuing operations	$	(23,252)	$	(14,201)
GE current receivables sold to GE Capital	276		659



GE Capital long-term loans to GE	7,500		480
Capital contribution from GE to GE Capital	—		(1,500)
Other reclassifications and eliminations	438		842
Consolidated cash from (used for) financing activities - continuing operations	$	(15,038)	$	(13,721)

(a)Included the elimination of $11,335 million payments to GE for current receivables purchased and retained by GE Capital and the related reclassification to CFOA of $9,974 million due to GE Capital collections and other activity in our consolidated statement of cash flows for the nine months ended September 30, 2020. Included the elimination of $11,038 million payments and the reclassification to CFOA of $11,546 million collections and other activity for the nine months ended September 30, 2019.

(b)Primarily included the reclassification of long-term receivables purchased and retained by GE Capital to current receivables.

(c)Represents the elimination of net payments from GE to GE Capital related to the funded participation in a supply chain finance program with GE Capital. The reduction of the GE liability associated with this program is primarily as a result of GE Capital's sale of the program platform to MUFG Union Bank, N.A. (MUFG) in 2019.

Cash payments received on the Receivable facility deferred purchase price are reflected as Cash from investing activities in the GE Capital and Consolidated columns of our consolidated Statement of Cash Flows. Sales of customer receivables from GE to GE Capital are classified as Cash from operating activities in the GE column of our Statement of Cash Flows. See Note 4 for further information.