v2.4.0.8
Variable Interest Entities (Tables)
 6 Months Ended
Jun. 30, 2013
Variable Interest Entities [Abstract]  
Schedule of VIE
    Consolidated Securitization Entities    
                    
      Credit     Trade      
(In millions) Trinity(a)cards(b)Equipment(b)receivables Other Total
                    
June 30, 2013                   
Assets(c)                   
Financing receivables, net  $0 $23,647 $12,810 $2,290 $2,024 $40,771
Investment securities   3,308  0  0  0  1,026  4,334
Other assets   123  25  599  0  1,940  2,687
Total  $3,431 $23,672 $13,409 $2,290 $4,990 $47,792
                    
Liabilities(c)                   
Borrowings  $0 $0 $0 $0 $713 $713
Non-recourse borrowings   0  16,291  10,280  1,978  51  28,600
Other liabilities   1,556  218  124  14  1,391  3,303
Total  $1,556 $16,509 $10,404 $1,992 $2,155 $32,616
                    
December 31, 2012                   
Assets(c)                   
Financing receivables, net  $0 $24,169 $12,456 $2,339 $1,952 $40,916
Investment securities   3,435  0  0  0  1,051  4,486
Other assets   217  29  360  0  1,873  2,479
Total  $3,652 $24,198 $12,816 $2,339 $4,876 $47,881
                    
Liabilities(c)                   
Borrowings  $0 $0 $0 $0 $707 $707
Non-recourse borrowings   0  17,208  9,811  2,050  54  29,123
Other liabilities   1,656  146  11  8  1,315  3,136
Total  $1,656 $17,354 $9,822 $2,058 $2,076 $32,966
                    
                    

  • Excludes intercompany advances from GECC to Trinity, which are eliminated in consolidation of $2,241 million and $2,441 million at June 30, 2013 and December 31, 2012, 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 June 30, 2013 and December 31, 2012, the amounts of commingled cash owed to the CSEs were $6,644 million and $6,225 million, respectively, and the amounts owed to us by CSEs were $6,552 million and $6,143 million, respectively.
  • 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
             
(In millions)     June 30, 2013 December 31, 2012
             
Other assets and investment             
    securities       $7,994 $10,386
Financing receivables – net        2,595  2,654
Total investments        10,589  13,040
Contractual obligations to fund            
    investments or guarantees        2,471  2,602
Revolving lines of credit        58  41
Total       $13,118 $15,683