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Variable Interest Entities (Tables)
 9 Months Ended
Sep. 30, 2012
Variable Interest Entities [Abstract]  
Schedule of VIE
   Consolidated Securitization Entities    
                     
    Credit        Trade      
(In millions)Trinity(a)Cards(b)Equipment(b)Real Estate(c)Receivables Other(d)Total
                     
September 30, 2012                    
Assets(e)                    
Financing receivables, net$0 $22,133 $12,066 $2,921 $1,830 $1,832 $40,782
Investment securities 3,733  0  0  0  0  1,065  4,798
Other assets 80  28  332  134  0  3,479  4,053
Total$3,813 $22,161 $12,398 $3,055 $1,830 $6,376 $49,633
                     
Liabilities(e)                    
Borrowings$0 $0 $4 $25 $0 $1,263 $1,292
Non-recourse borrowings 0  16,050  9,705  2,936  1,579  0  30,270
Other liabilities 1,705  116  1  3  17  1,460  3,302
Total$1,705 $16,166 $9,710 $2,964 $1,596 $2,723 $34,864
                     
December 31, 2011                    
Assets(e)                    
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(e)                    
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
                     
                     

  • Excludes intercompany advances from GECC to Trinity, which are eliminated in consolidation of $2,616 million and $1,006 million at September 30, 2012 and December 31, 2011, respectively.
  • We provide servicing to the CSEs and are contractually permitted to commingle cash collected from customers on financing receivables sold to CSE 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 interest and principal payments. At September 30, 2012, the amount of commingled cash owed to the CSEs and the amount owed to us by CSEs were $5,885 million and $5,751 million, respectively.
  • On October 1, 2012, we completed the sale of our Business Property business, which includes servicing rights for most of these CSEs. We will deconsolidate substantially all of these securitization entities in the fourth quarter of 2012 as we will no longer have the power to direct the activities of these entities.
  • Includes $1,519 million in other assets and $537 million of borrowings at September 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
 September 30, 2012 December 31, 2011
(In millions)PTL All other Total PTL All other Total
                  
Other assets and investment                  
    securities$2,732 $8,273 $11,005 $7,038 $6,954 $13,992
Financing receivables – net 0  3,171  3,171  0  2,507  2,507
Total investments 2,732  11,444  14,176  7,038  9,461  16,499
Contractual obligations to fund                 
    investments or guarantees 159  2,314  2,473  600  2,253  2,853
Revolving lines of credit 0  68  68  1,356  92  1,448
Total$2,891 $13,826 $16,717 $8,994 $11,806 $20,800