| Revenues from services |
| | Three months ended June 30, | | Six months ended June 30, | | (In millions) | 2012 | | 2011 | | 2012 | | 2011 | | | | | | | | | | | | | | | Interest on loans | $ | 4,762 | | $ | 5,017 | | $ | 9,620 | | $ | 10,157 | | Equipment leased to others | | 2,648 | | | 2,852 | | | 5,395 | | | 5,674 | | Fees | | 1,160 | | | 1,158 | | | 2,320 | | | 2,304 | | Investment income | | 668 | | | 728 | | | 1,335 | | | 1,421 | | Financing leases | | 529 | | | 618 | | | 1,063 | | | 1,283 | | Associated companies(a)(b) | | 425 | | | 526 | | | 695 | | | 1,608 | | Premiums earned by insurance activities | | 416 | | | 491 | | | 861 | | | 972 | | Real estate investments | | 382 | | | 430 | | | 738 | | | 832 | | Other items | | 442 | | | 578 | | | 817 | | | 1,141 | | Total | $ | 11,432 | | $ | 12,398 | | $ | 22,844 | | $ | 25,392 | | | | | | | | | | | | | | | | | | | | | | | | | | |
- During the first quarter of 2011, we sold an 18.6% equity interest in Garanti Bank and recorded a pre-tax gain of $690 million. As of June 30, 2012, we hold a 1% equity interest, which is classified as an available-for-sale security.
- Aggregate summarized financial information for significant associated companies assuming a 100% ownership interest included total assets at June 30, 2012 and December 31, 2011 of $114,929 million and $104,554 million, respectively. Assets were primarily financing receivables of $59,166 million and $57,477 million at June 30, 2012 and December 31, 2011, respectively. Total liabilities were $80,896 million and $77,208 million, consisted primarily of bank deposits of $22,660 million and $20,980 million at June 30, 2012 and December 31, 2011, respectively, and debt of $45,720 million and $46,170 million at June 30, 2012 and December 31, 2011, respectively. Revenues in the second quarters of 2012 and 2011 totaled $4,719 million and $3,951 million, respectively, and net earnings in the second quarters of 2012 and 2011 totaled $839 million and $628 million, respectively. Revenues for the six months ended June 30, 2012 and 2011 totaled $9,209 million and $7,668 million, respectively, and net earnings for the six months ended June 30, 2012 and 2011 totaled $1,368 and $1,088 million, respectively.
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