|
Consolidated Statement of Cash Flows (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
|---|---|---|---|
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash flows - operating activities | |||
| Net earnings | $ 7,396us-gaap_ProfitLoss | $ 6,257us-gaap_ProfitLoss | $ 6,278us-gaap_ProfitLoss |
| Less net earnings (loss) attributable to noncontrolling interests | 162us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 53us-gaap_NetIncomeLossAttributableToNoncontrollingInterest | 63us-gaap_NetIncomeLossAttributableToNoncontrollingInterest |
| Net earnings (loss) attributable to the Company | 7,234us-gaap_NetIncomeLoss | 6,204us-gaap_NetIncomeLoss | 6,215us-gaap_NetIncomeLoss |
| (Earnings) loss from discontinued operations | 107us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | 2,054us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity | 1,130us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity |
| Adjustments to reconcile net earnings attributable to GECC to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 6,859us-gaap_DepreciationDepletionAndAmortization | 7,313us-gaap_DepreciationDepletionAndAmortization | 6,901us-gaap_DepreciationDepletionAndAmortization |
| Deferred income taxes | (710)us-gaap_DeferredIncomeTaxExpenseBenefit | (724)us-gaap_DeferredIncomeTaxExpenseBenefit | (858)us-gaap_DeferredIncomeTaxExpenseBenefit |
| Decrease/(increase) in Inventories | (27)us-gaap_IncreaseDecreaseInInventories | (33)us-gaap_IncreaseDecreaseInInventories | 27us-gaap_IncreaseDecreaseInInventories |
| Increase (decrease) in accounts payable | (2)us-gaap_IncreaseDecreaseInAccountsPayable | 73us-gaap_IncreaseDecreaseInAccountsPayable | (880)us-gaap_IncreaseDecreaseInAccountsPayable |
| Provision for losses on financing receivables | 3,993us-gaap_ProvisionForLoanAndLeaseLosses | 4,818us-gaap_ProvisionForLoanAndLeaseLosses | 3,832us-gaap_ProvisionForLoanAndLeaseLosses |
| All other operating activities | 240us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 99us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet | 5,418us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet |
| Cash from (used for) operating activities - continuing operations | 17,748us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 19,870us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 21,731us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash from (used for) operating activities - discontinued operations | 197us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations | (456)us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations | 316us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations |
| Cash from (used for) operating activities | 17,945us-gaap_NetCashProvidedByUsedInOperatingActivities | 19,414us-gaap_NetCashProvidedByUsedInOperatingActivities | 22,047us-gaap_NetCashProvidedByUsedInOperatingActivities |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (10,410)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (9,978)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (11,879)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Dispositions of property, plant and equipment | 6,284us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 5,883us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 6,184us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Net decrease (increase) in financing receivables | (5,689)us-gaap_IncreaseDecreaseInFinanceReceivables | 3,589us-gaap_IncreaseDecreaseInFinanceReceivables | 5,490us-gaap_IncreaseDecreaseInFinanceReceivables |
| Proceeds from sale of discontinued operations | 232us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested | 528us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested | 227us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested |
| Proceeds from principal business dispositions | 2,320us-gaap_ProceedsFromDivestitureOfBusinesses | 1,983us-gaap_ProceedsFromDivestitureOfBusinesses | 2,863us-gaap_ProceedsFromDivestitureOfBusinesses |
| Net cash from (payments for) principal businesses purchased | (548)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | 6,384us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
| All other investing activities | 6,997us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 14,972us-gaap_PaymentsForProceedsFromOtherInvestingActivities | 11,794us-gaap_PaymentsForProceedsFromOtherInvestingActivities |
| Cash from (used for) investing activities - continuing operations | (814)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 23,361us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | 14,679us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash from (used for) investing activities - discontinued operations | (290)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations | 441us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations | (288)us-gaap_CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations |
| Cash from (used for) investing activities | (1,104)us-gaap_NetCashProvidedByUsedInInvestingActivities | 23,802us-gaap_NetCashProvidedByUsedInInvestingActivities | 14,391us-gaap_NetCashProvidedByUsedInInvestingActivities |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (6,781)us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess | (13,892)us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess | (1,401)us-gaap_ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess |
| Net increase (decrease) in bank deposits | 13,286us-gaap_IncreaseDecreaseInDeposits | 2,197us-gaap_IncreaseDecreaseInDeposits | 2,450us-gaap_IncreaseDecreaseInDeposits |
| Newly issued debt (maturities longer than 90 days) | |||
| Newly issued debt (maturities longer than 90 days) | 34,464us-gaap_ProceedsFromRepaymentsOfDebtMaturingInMoreThanThreeMonths | 44,888us-gaap_ProceedsFromRepaymentsOfDebtMaturingInMoreThanThreeMonths | 55,841us-gaap_ProceedsFromRepaymentsOfDebtMaturingInMoreThanThreeMonths |
| Repayments and other debt reductions (maturities longer than 90 days) | |||
| Repayments and other debt reductions (maturities longer than 90 days) | (53,057)us-gaap_RepaymentsOfDebtMaturingInMoreThanThreeMonths | (56,429)us-gaap_RepaymentsOfDebtMaturingInMoreThanThreeMonths | (103,908)us-gaap_RepaymentsOfDebtMaturingInMoreThanThreeMonths |
| Proceeds from issuance of preferred stock | 0gecc_ProceedsFromIssuanceOfPreferredStock | 990gecc_ProceedsFromIssuanceOfPreferredStock | 3,960gecc_ProceedsFromIssuanceOfPreferredStock |
| Dividends paid to shareowners | (3,322)us-gaap_PaymentsOfDividends | (6,283)us-gaap_PaymentsOfDividends | (6,549)us-gaap_PaymentsOfDividends |
| Synchrony Financial | 2,842us-gaap_ProceedsFromIssuanceInitialPublicOffering | 0us-gaap_ProceedsFromIssuanceInitialPublicOffering | 0us-gaap_ProceedsFromIssuanceInitialPublicOffering |
| All other financing activities | (1,091)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (909)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities | (2,867)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities |
| Cash from (used for) financing activities - continuing operations | (13,659)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (29,438)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations | (52,474)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations |
| Cash from (used for) financing activities - discontinued operations | (6)us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations | 56us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations | (19)us-gaap_CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations |
| Cash from (used for) financing activities | (13,665)us-gaap_NetCashProvidedByUsedInFinancingActivities | (29,382)us-gaap_NetCashProvidedByUsedInFinancingActivities | (52,493)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Effect of currency exchange rate changes on cash and equivalents | (3,180)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | (773)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents | 1,276us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents |
| Increase (decrease) in cash and equivalents | (4)gecc_PeriodIncreaseDecreaseInCashAndCashEquivalents | 13,061gecc_PeriodIncreaseDecreaseInCashAndCashEquivalents | (14,779)gecc_PeriodIncreaseDecreaseInCashAndCashEquivalents |
| Cash and equivalents at beginning of year | 75,105us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations | 62,044us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations | 76,823us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations |
| Cash and equivalents at end of year | 75,101us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations | 75,105us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations | 62,044us-gaap_CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations |
| Less cash and equivalents of discontinued operations at end of year | 133gecc_LessCashAndEquivalentsOfDiscontinuedOperations | 232gecc_LessCashAndEquivalentsOfDiscontinuedOperations | 191gecc_LessCashAndEquivalentsOfDiscontinuedOperations |
| Cash and equivalents continuing operations at end of year | 74,968gecc_Carryingvalueofcashandcashequivalentscontinuingoperations | 74,873gecc_Carryingvalueofcashandcashequivalentscontinuingoperations | 61,853gecc_Carryingvalueofcashandcashequivalentscontinuingoperations |
| Supplemental Cash Flow Information | |||
| Cash paid during the year for interest | (8,910)us-gaap_InterestPaid | (8,146)us-gaap_InterestPaid | (12,172)us-gaap_InterestPaid |
| Cash recovered (paid) during the year for income taxes | $ (1,618)us-gaap_IncomeTaxesPaid | $ 2,266us-gaap_IncomeTaxesPaid | $ (250)us-gaap_IncomeTaxesPaid |
| X | ||||||||||
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- Definition
No authoritative reference available. No definition available.
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- Definition
Represents cash and equivalents of discontinued operations at period end No definition available.
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes cash and cash equivalents within disposal group and discontinued operation. No definition available.
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- Definition
Proceeds from issuance of non-cumulative perpetual preferred stock. No definition available.
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- Definition
For the entity and the disposal group, cash includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. No definition available.
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- Definition
Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities of discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) from the effect of exchange rate changes on cash and cash equivalent balances held in foreign currencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income before extraordinary items after deduction or consideration of the amount allocable to noncontrolling interests. Includes, net of tax, income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in outstanding loans including accrued interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow associated with the amount received from the sale of a portion of the company's business, for example a segment, division, branch or other business, during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the cash inflow during the period from the sale of a component of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the amount received from entity's first offering of stock to the public. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from a borrowing net of the cash outflow from repayment of a borrowing having initial term of repayment of more than three months. Includes long-term debt and short-term debt. No definition available.
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| X | ||||||||||
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- Definition
The cash inflow from a borrowing net of the cash outflow from repayment of a borrowing having initial term of repayment within three months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to estimated loss from loan and lease transactions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow from a repayment of a borrowing having initial term of repayment of more than three months. Includes repayments of short-term and long-term debt. No definition available.
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- Details
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