Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

(In millions)	2013		2012		2011
Operations
Total revenues and other income (loss)	$	186	$	191	$	1,074
Earnings (loss) from discontinued operations
before income taxes	$	(494)	$	(586)	$	(93)
Benefit (provision) for income taxes		155		198		100
Earnings (loss) from discontinued operations,
net of taxes	$	(339)	$	(388)	$	7
Disposal
Gain (loss) on disposal before income taxes	$	(2,027)	$	(792)	$	(329)
Benefit (provision) for income taxes		246		197		351
Gain (loss) on disposal, net of taxes	$	(1,781)	$	(595)	$	22
Earnings (loss) from discontinued operations,
net of taxes(a)	$	(2,120)	$	(983)	$	29

(a)       The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECC earnings (loss) from discontinued operations, net of taxes, is reported as GE earnings (loss) from discontinued operations, net of taxes, on the Statement of Earnings.

December 31 (In millions)	2013		2012
Assets
Cash and equivalents	$	232	$	191
Financing receivables - net		711		793
Property, plant and equipment - net		6		706
Other		1,390		1,625
Assets of discontinued operations	$	2,339	$	3,315
Liabilities
Deferred income taxes	$	248	$	372
Other		3,685		2,361
Liabilities of discontinued operations	$	3,933	$	2,733

Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations

	Reserve					Pending claims
(In millions)		2013		2012	(In millions)		2013		2012
Balance at January 1	$	633	$	143	Balance at January 1	$	5,357	$	705
Provision		354		500	New claims		1,259		4,838
Claim resolutions/ rescissions		(187)		(10)	Claim resolutions/ rescissions		(973)		(186)
Balance at December 31	$	800	$	633	Balance at December 31	$	5,643	$	5,357