v2.4.0.6
Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2012
Variable Interest Entities [Abstract]  
Schedule of VIE
   Consolidated Securitization Entities    
                     
    Credit        Trade      
(In millions)Trinity Cards(a)Equipment(a)Real Estate(b)Receivables Other(c)Total
                     
June 30, 2012                    
Assets(d)                    
Financing receivables, net$0 $19,847 $11,596 $3,055 $1,899 $4,724 $41,121
Investment securities 3,829  0  0  0  0  1,046  4,875
Other assets 349  1,136  332  223  0  1,589  3,629
Total$4,178 $20,983 $11,928 $3,278 $1,899 $7,359 $49,625
                     
Liabilities(d)                    
Borrowings$0 $0 $3 $25 $0 $1,280 $1,308
Non-recourse borrowings 0  14,974  9,312  3,163  1,602  745  29,796
Other liabilities 2,167  85  0  4  13  1,472  3,741
Total$2,167 $15,059 $9,315 $3,192 $1,615 $3,497 $34,845
                     
December 31, 2011                    
Assets(d)                    
Financing receivables, net$0 $19,229 $10,523 $3,521 $1,614 $2,973 $37,860
Investment securities 4,289  0  0  0  0  1,031  5,320
Other assets 389  17  283  210  0  2,250  3,149
Total$4,678 $19,246 $10,806 $3,731 $1,614 $6,254 $46,329
                     
Liabilities(d)                    
Borrowings$0 $0 $2 $25 $0 $821 $848
Non-recourse borrowings 0  14,184  8,166  3,659  1,769  980  28,758
Other liabilities 4,456  37  0  19  23  1,312  5,847
Total$4,456 $14,221 $8,168 $3,703 $1,792 $3,113 $35,453
                     
                     

  • We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to investors with our own cash prior to payment to a CSE, provided our short-term credit rating does not fall below A-1/P-1. These CSEs also owe us amounts for purchased financial assets and scheduled quarterly distributions. At June 30, 2012, the amounts owed to the CSEs and receivable from the CSEs were $6,062 million and $5,112 million, respectively.
  • During the second quarter of 2012, we made the decision to sell our Business Property business, which includes servicing rights for most of these CSEs. Following the sale and upon the trust's acceptance of the buyer as the new servicer, we will deconsolidate substantially all of these securitization entities as we will no longer have the power to direct these entities.
  • Includes $1,415 million in other assets and $537 million of borrowings at June 30, 2012 due to the consolidation of an entity involved in power generating activities.This entity was previously subject to a leveraged lease and we consolidated this entity in March 2012 following the execution of an agreement that gave us the power to direct activities of this entity.
  • Asset amounts exclude intercompany receivables for cash collected on behalf of the entities by GE as servicer, which are eliminated in consolidation. Such receivables provide the cash to repay the entities' liabilities. If these intercompany receivables were included in the table above, assets would be higher. In addition, other assets, borrowings and other liabilities exclude intercompany balances that are eliminated in consolidation. 
Unconsolidated VIE
 June 30, 2012 December 31, 2011
(In millions)PTL All other Total PTL All other Total
                  
Other assets and investment                  
    securities$5,093 $7,825 $12,918 $7,038 $7,318 $14,356
Financing receivables – net 0  3,002  3,002  0  2,507  2,507
Total investments 5,093  10,827  15,920  7,038  9,825  16,863
Contractual obligations to fund                 
    investments or guarantees 189  2,206  2,395  600  2,244  2,844
Revolving lines of credit 10  47  57  1,356  92  1,448
Total$5,292 $13,080 $18,372 $8,994 $12,161 $21,155