v2.4.1.9
Property Plant and Equipment
 12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 5. PROPERTY, PLANT AND EQUIPMENT

Depreciable
lives-newOriginal CostNet Carrying Value(b)
December 31 (Dollars in millions)(in years)2014201320142013
Land and improvements, buildings, structures and related equipment1-35(a)$ 2,233 $ 2,504 $ 952 $ 1,025
Equipment leased to others
   Aircraft(c)20 49,280 50,337 32,795 34,938
   Vehicles1-20 14,251 14,656 8,144 8,312
   Railroad rolling stock4-50 4,379 4,636 2,998 3,129
   Construction and manufacturing1-20 3,411 2,916 2,321 1,955
   All other6-25 3,678 3,518 2,360 2,248
Total $ 77,232 $ 78,567 $ 49,570 $ 51,607

a) Depreciable lives exclude land.

(b) Included $1,845 million and $1,353 million of original cost of assets leased to GE with accumulated amortization of $560 million and $342 million at December 31, 2014 and 2013, respectively.

(c) GECAS recognized impairment losses of $445 million and $732 million in 2014 and 2013, respectively. These losses are recorded in the caption “Depreciation and amortization” in the Statement of Earnings to reflect adjustments to fair value based on an evaluation of average current market values (obtained from third parties) of similar type and age aircraft, which are adjusted for the attributes of the specific aircraft under lease.

Amortization of equipment leased to others was $6,245 million, $6,696 million and $6,097 million in 2014, 2013 and 2012, respectively. Noncancellable future rentals due from customers for equipment on operating leases at December 31, 2014, are as follows:

(In millions)
Due in
    2015$ 6,979
    2016 5,689
    2017 4,599
    2018 3,576
    2019 2,798
    2020 and later 7,596
Total$ 31,237