Businesses Held For Sale, Financing Receivables Held for Sale and Discontinued Operations (Tables)
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9 Months Ended |
Sep. 30, 2015 |
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| Businesses Held For Sale, Financing Receivables Held for Sale and Discontinued Operations [Abstract] |
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| Businesses held for sale |
| FINANCIAL INFORMATION FOR ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE | | | | | | (In millions) | September 30, 2015 | | December 31, 2014 | | | | | | | | | Assets | | | | | | | Cash and equivalents | $ | 299 | | $ | 676 | | Investment securities | | - | | | 448 | | Financing receivables – net | | 4,141 | | | 2,144 | | Property, plant and equipment – net | | 15 | | | 37 | | Goodwill | | 366 | | | 106 | | Other intangible assets – net | | 73 | | | 13 | | Other | | 23 | | | 50 | | Assets of businesses held for sale | $ | 4,917 | | $ | 3,474 | | | | | | | | | Liabilities | | | | | | | Short-term borrowings | $ | 27 | | $ | 435 | | Bank deposits | | - | | | 1,931 | | Deferred income taxes | | (123) | | | (31) | | Other | | 356 | | | 99 | | Liabilities of businesses held for sale | $ | 260 | | $ | 2,434 | | | | | | |
| FINANCING RECEIVABLES HELD FOR SALE | | | | | | | | | (in millions) | September 30, 2015 | | | December 31, 2014 | | | | | | | | | Commercial | | | | | | | | CLL | $ | 833 | | | $ | 357 | | Energy Financial Services | | - | | | | 35 | | GE Capital Aviation Services (GECAS) | | 14 | | | | 27 | | Other | | 105 | | | | - | | Total Commercial | | 952 | | | | 419 | | Consumer | | 22,713 | (a) | | | 359 | | Total financing receivables held for sale | $ | 23,665 | | | $ | 778 | | | | | | | |
(a) Over 30 days past due and nonaccrual financing receivables related to consumer financing receivables held for sale were $1,060 million and $634 million, respectively. |
| Financial Information for Discontinued Operations [Line Items] |
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| Financial Information |
| FINANCIAL INFORMATION FOR DISCONTINUED OPERATIONS | | | | | | | | | | | | | | Three months ended September 30 | | Nine months ended September 30 | | (In millions) | 2015 | | 2014 | | 2015 | | 2014 | | | | | | | | | | | | | | Operations | | | | | | | | | | | | | Total revenues (loss) | $ | 2,756 | | $ | 4,033 | | $ | 9,536 | | $ | 11,946 | | | | | | | | | | | | | | Earnings (loss) from discontinued operations before income taxes | $ | 1,060 | | $ | 666 | | $ | 203 | | $ | 2,062 | | Benefit (provision) for income taxes | | (420) | | | 40 | | | 33 | | | (7) | | Earnings (loss) from discontinued operations, net of taxes | $ | 640 | | $ | 706 | | $ | 236 | | $ | 2,055 | | | | | | | | | | | | | | Disposal | | | | | | | | | | | | | Gain (loss) on disposal before income taxes | $ | (2,616) | | $ | - | | $ | (9,652) | | $ | 14 | | Benefit (provision) for income taxes | | 1,629 | | | - | | | (916) | | | 1 | | Gain (loss) on disposal, net of taxes | $ | (987) | | $ | - | | $ | (10,568) | | $ | 15 | | | | | | | | | | | | | | Earnings (loss) from discontinued operations, net of taxes | $ | (347) | | $ | 706 | | $ | (10,332) | | $ | 2,070 | | | | | | | | | | | | |
| (In millions) | September 30, 2015 | | December 31, 2014 | | | | | | | | Assets | | | | | | | Cash and equivalents | $ | 11,226 | | $ | 5,414 | | Investment securities | | 8,179 | | | 10,006 | | Financing receivables – net | | 11,622 | | | 114,561 | | Other receivables | | 1,470 | | | 2,183 | | Property, plant and equipment – net | | 12,084 | | | 18,051 | | Goodwill | | 9,867 | | | 13,569 | | Other intangible assets - net | | 44 | | | 301 | | Deferred income taxes | | 2,389 | | | 2,920 | | Financing receivables held for sale | | 65,390 | | | 3,116 | | Valuation allowance on disposal group classified as held for sale | | (7,650) | | | - | | Other | | 7,320 | | | 16,803 | | Assets of discontinued operations | $ | 121,940 | | $ | 186,924 | | | | | | | | Liabilities | | | | | | | Short-term borrowings | $ | 820 | | $ | 1,125 | | Accounts payable | | 3,884 | | | 3,770 | | Non-recourse borrowings | | 8,072 | | | 10,569 | | Bank deposits | | 18,348 | | | 18,998 | | Long-term borrowings | | 316 | | | 1,182 | | All other liabilities | | 9,595 | | | 7,610 | | Deferred income taxes | | 2,608 | | | 5,403 | | Liabilities of discontinued operations | $ | 43,642 | | $ | 48,657 | | | | | | |
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| CLL [Member] |
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| Financial Information for Discontinued Operations [Line Items] |
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| Financial Information |
| FINANCIAL INFORMATION FOR COMMERCIAL LENDING AND LEASING | | | | | | | | | | | | | | Three months ended September 30 | | Nine months ended September 30 | | (In millions) | | 2015 | | | 2014 | | | 2015 | | | 2014 | | | | | | | | | | | | | | Operations | | | | | | | | | | | | | Total revenues (loss) | $ | 2,691 | | $ | 3,370 | | $ | 8,664 | | $ | 9,998 | | | | | | | | | | | | | | | Interest | $ | (576) | | $ | (762) | | $ | (1,919) | | $ | (2,324) | | Operating and administrative | | (900) | | | (942) | | | (2,905) | | | (2,732) | | Depreciation and amortization | | - | | | (988) | | | (1,768) | | | (2,923) | | Provision for losses on financing receivables | | 13 | | | (87) | | | (1,744) | | | (294) | | Earnings (loss) from discontinued operations, before income taxes | | 1,228 | | | 591 | | | 328 | | | 1,725 | | Benefit (provision) for income taxes | | (484) | | | (108) | | | (169) | | | (326) | | Earnings (loss) from discontinued operations, net of taxes | $ | 744 | | $ | 483 | | $ | 159 | | $ | 1,399 | | | | | | | | | | | | | | | Disposal | | | | | | | | | | | | | Gain (loss) on disposal before income taxes | $ | (2,834) | | $ | - | | $ | (8,059) | | $ | - | | Benefit (provision) for income taxes | | 1,629 | | | - | | | (298) | | | - | | Gain (loss) on disposal, net of taxes | $ | (1,205) | | $ | - | | $ | (8,357) | | $ | - | | | | | | | | | | | | | | | Earnings (loss) from discontinued operations, net of taxes(a) | $ | (461) | | $ | 483 | | $ | (8,198) | | $ | 1,399 | | | | | | | | | | | | |
(a) Earnings (loss) from discontinued operations attributable to GECC, before income taxes, was $(1,608) million and $589 million for the three months ended September 30, 2015 and 2014, respectively, and $(7,736) million and $1,710 million for the nine months ended September 30, 2015 and 2014, respectively. |
| Real Estate [Member] |
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| Financial Information for Discontinued Operations [Line Items] |
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| Financial Information |
| FINANCIAL INFORMATION FOR REAL ESTATE | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30 | | Nine months ended September 30 | | (In millions) | | 2015 | | | 2014 | | | 2015 | | | 2014 | | | | | | | | | | | | | | Operations | | | | | | | | | | | | | Total revenues (loss) | $ | 81 | | $ | 698 | | $ | 893 | | $ | 1,992 | | | | | | | | | | | | | | | Interest | $ | (64) | | $ | (270) | | $ | (437) | | $ | (817) | | Operating and administrative | | (156) | | | (213) | | | (464) | | | (563) | | Depreciation and amortization | | - | | | (82) | | | (62) | | | (252) | | Provision for losses on financing receivables | | - | | | (12) | | | 4 | | | 92 | | Earnings (loss) from discontinued operations, | | | | | | | | | | | | | before income taxes | | (139) | | | 121 | | | (65) | | | 452 | | Benefit (provision) for income taxes | | 53 | | | 55 | | | 95 | | | 251 | | Earnings (loss) from discontinued operations, net of taxes | $ | (86) | | $ | 176 | | $ | 30 | | $ | 703 | | | | | | | | | | | | | | | Disposal | | | | | | | | | | | | | Gain (loss) on disposal before income taxes | $ | 218 | | $ | - | | $ | (1,593) | | $ | - | | Benefit (provision) for income taxes | | - | | | - | | | (618) | | | - | | Gain (loss) on disposal, net of taxes | $ | 218 | | $ | - | | $ | (2,211) | | $ | - | | | | | | | | | | | | | | | Earnings (loss) from discontinued operations, net of taxes(a) | $ | 132 | | $ | 176 | | $ | (2,181) | | $ | 703 | | | | | | | | | | | | |
(a) Earnings (loss) from discontinued operations attributable to GECC, before income taxes, was $81 million and $120 million for the three months ended September 30, 2015 and 2014, respectively, and $(1,658) million and $452 million for the nine months ended September 30, 2015 and 2014, respectively.
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| WMC Discontinued Operations [Member] |
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| Financial Information for Discontinued Operations [Line Items] |
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| Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations |
| ROLLFORWARD OF THE RESERVE | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended September 30 | | Nine months ended September 30 | | (In millions) | | 2015 | | | 2014 | | | 2015 | | | 2014 | | | | | | | | | | | | | | | Balance, beginning of period | $ | 825 | | $ | 549 | | $ | 809 | | $ | 800 | | Provision | | 28 | | | 40 | | | 46 | | | 142 | | Claim resolutions / rescissions | | (21) | | | (1) | | | (23) | | | (354) | | Balance, end of period | $ | 832 | | $ | 588 | | $ | 832 | | $ | 588 | | | | | | | | | | | | |
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| Financial Information |
| FINANCIAL INFORMATION FOR WMC | | | | | | | | | | | | | | | | | | | | Three months ended September 30 | | Nine months ended September 30 | | (In millions) | | 2015 | | | 2014 | | | 2015 | | | 2014 | | | | | | | | | | | | | | Total revenues (loss) | $ | (22) | | $ | (34) | | $ | (26) | | $ | (70) | | | | | | | | | | | | | | | Earnings (loss) from discontinued operations, net of taxes | $ | (21) | | $ | (25) | | $ | (37) | | $ | (57) | | | | | | | | | | | | |
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