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Intercompany Transactions
3 Months Ended
Mar. 31, 2014
Intercompany Transactions [Abstract]  
Intercompany Transactions

17. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate overhead costs.

 

These intercompany transactions are reported in the GE and GECC columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $56 million, $(1,730) million and $1,674 million for the three months ended March 31, 2014, respectively, and $1,357 million, $(1,413) million and $136 million for the three months ended March 31, 2013, respectively. Details of these eliminations are shown below.

   Three months ended March 31
(In millions)    2014 2013
            
Cash from (used for) operating activities-continuing operations      
Combined      $ 4,908 $ 3,354
GE customer receivables sold to GECC        731   976
GECC dividends to GE        (500)   -
Other reclassifications and eliminations        (175)   381
       $ 4,964 $ 4,711
            
Cash from (used for) investing activities-continuing operations      
Combined      $ 3,612 $ 32,815
GE customer receivables sold to GECC        (1,185)   (966)
Other reclassifications and eliminations        (545)   (447)
       $ 1,882 $ 31,402
            
Cash from (used for) financing activities-continuing operations      
Combined      $ (10,169) $ (23,077)
GE customer receivables sold to GECC        454   (10)
GECC dividends to GE        500   -
Other reclassifications and eliminations        720   146
       $ (8,495) $ (22,941)