XML 55 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement of Earnings (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Revenues from services (a) [1] $ 6,211 $ 6,248 $ 11,116 $ 12,790
Other-than-temporary impairment on investment securities:        
Total pre tax, OTTI recognized (15) (7) (18) (16)
Less other-than-temporary impairment recognized in accumulated other comprehensive income 0 0 0 (4)
Net other-than-temporary impairment on investment securities recognized in earnings (15) (7) (18) (12)
Revenues from services (Note 9) 6,196 6,241 11,098 12,778
Sales of goods 22 34 43 61
Total revenues 6,218 6,275 11,141 12,839
Costs and expenses        
Interest 996 1,024 1,945 2,123
Operating and administrative 2,244 2,069 4,459 4,044
Cost of goods sold 22 31 40 56
Investment contracts, insurance losses and insurance annuity benefits 710 698 1,354 1,341
Provision for losses on financing receivables (Note 4) 783 948 3,898 1,835
Depreciation and amortization 607 549 1,178 1,104
Total costs and expenses 5,362 5,319 12,874 10,503
Earnings (loss) from continuing operations before income taxes 856 956 (1,733) 2,336
Benefit (provision) for income taxes (384) 217 (6,211) 94
Earnings from continuing operations 472 1,173 (7,944) 2,430
Earnings (loss) from discontinued operations, net of taxes (Note 2) (3,747) 665    
Net earnings (loss) (3,275) 1,838 (17,929) 3,794
Less net earnings (loss) attributable to noncontrolling interests 93 10 184 21
Net earnings (loss) attributable to GECC (3,368) 1,828 (18,113) 3,773
Preferred stock dividends declared (161) (161)    
Amounts attributable to GECC common shareowner        
Earnings from continuing operations 472 1,173 (7,944) 2,430
Less net earnings (loss) attributable to noncontrolling interests 93 10 184 21
Earnings from continuing operations attributable to GECC 379 1,163 (8,128) 2,409
Preferred stock dividends declared (161) (161)    
Earnings (loss) from continuing operations attributable to GECC common shareowner 379 1,163 (8,128) 2,409
Earnings (loss) from discontinued operations, net of taxes $ (3,747) $ 665 $ (9,985) $ 1,364
[1] (a) Excluding net other-than-temporary impairment on investment securities.