Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended |
Sep. 30, 2013 | |
Document and Entity Information [Abstract] | ' |
Document Type | '10-Q |
Document Period End Date | 30-Sep-13 |
Amendment Flag | 'false |
Document Fiscal Period Focus | 'Q3 |
Document Fiscal Year Focus | '2013 |
Entity Registrant Name | 'General Electric Company |
Entity Central Index Key | '0000040545 |
Current Fiscal Year End Date | '--12-31 |
Entity Filer Category | 'Large Accelerated Filer |
Entity Common Stock, Shares Outstanding | 10,117,369,000 |
Condensed_Statement_of_Earning
Condensed Statement of Earnings (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Revenues and other income | ' | ' | ' | ' | ||||
Sales of goods | $17,966 | $17,734 | $50,902 | $53,234 | ||||
Sales of services | 7,186 | 6,805 | 20,939 | 19,835 | ||||
Other income | 363 | 787 | 2,082 | 1,737 | ||||
GECC earnings from continuing operations | 0 | 0 | 0 | 0 | ||||
GECC revenues from services | 10,210 | 10,928 | 31,935 | 32,925 | ||||
Total revenues and other income | 35,725 | 36,254 | 105,858 | 107,731 | ||||
Costs and expenses | ' | ' | ' | ' | ||||
Cost of goods sold | 14,658 | 14,419 | 41,390 | 42,681 | ||||
Cost of services sold | 4,799 | 4,090 | 13,871 | 12,896 | ||||
Interest and other financial charges | 2,462 | 2,972 | 7,700 | 9,521 | ||||
Investment contracts, insurance losses and insurance annuity benefits | 672 | 756 | 2,022 | 2,155 | ||||
Provision for losses on financing receivables | 821 | 1,122 | 3,338 | 2,728 | ||||
Other costs and expenses | 8,705 | 8,871 | 26,074 | 25,605 | ||||
Total costs and expenses | 32,117 | 32,230 | 94,395 | 95,586 | ||||
Earnings (loss) from continuing operations before income taxes | 3,608 | 4,024 | 11,463 | 12,145 | ||||
Benefit (provision) for income taxes | -345 | -557 | -1,159 | -1,718 | ||||
Earnings from continuing operations | 3,263 | 3,467 | 10,304 | 10,427 | ||||
Earnings (loss) from discontinued operations, net of taxes | -82 | 41 | -313 | -709 | ||||
Net earnings (loss) | 3,181 | 3,508 | 9,991 | 9,718 | ||||
Less net earnings (loss) attributable to noncontrolling interests | -10 | 17 | 140 | 88 | ||||
Net earnings (loss) attributable to the Company | 3,191 | 3,491 | 9,851 | 9,630 | ||||
Preferred stock dividends declared | 0 | 0 | 0 | 0 | ||||
Net earnings (loss) attributable to GE common shareowners | 3,191 | 3,491 | 9,851 | 9,630 | ||||
Amounts attributable to the Company | ' | ' | ' | ' | ||||
Earnings (loss) from continuing operations | 3,273 | 3,450 | 10,164 | 10,339 | ||||
Earnings (loss) from discontinued operations, net of taxes | -82 | 41 | -313 | -709 | ||||
Net earnings (loss) attributable to the Company | 3,191 | 3,491 | 9,851 | 9,630 | ||||
Earnings from continuing operations | ' | ' | ' | ' | ||||
Diluted earnings per share | $0.32 | $0.33 | $0.98 | $0.98 | ||||
Basic earnings per share | $0.32 | $0.33 | $0.99 | $0.98 | ||||
Net earnings (loss) | ' | ' | ' | ' | ||||
Diluted earnings per share | $0.31 | $0.33 | $0.95 | $0.91 | ||||
Basic earnings per share | $0.31 | $0.33 | $0.96 | $0.91 | ||||
Dividends declared per common share | $0.19 | $0.17 | $0.57 | $0.51 | ||||
Subsidiaries [Member] | ' | ' | ' | ' | ||||
Revenues and other income | ' | ' | ' | ' | ||||
Sales of goods | 17,994 | [1] | 17,860 | [1] | 50,970 | [1] | 53,432 | [1] |
Sales of services | 7,268 | [1] | 6,889 | [1] | 21,218 | [1] | 20,142 | [1] |
Other income | 271 | [1] | 818 | [1] | 1,893 | [1] | 1,827 | [1] |
GECC earnings from continuing operations | 1,895 | [1] | 1,675 | [1] | 5,744 | [1] | 5,569 | [1] |
GECC revenues from services | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Total revenues and other income | 27,428 | [1] | 27,242 | [1] | 79,825 | [1] | 80,970 | [1] |
Costs and expenses | ' | ' | ' | ' | ||||
Cost of goods sold | 14,690 | [1] | 14,550 | [1] | 41,473 | [1] | 42,893 | [1] |
Cost of services sold | 4,881 | [1] | 4,174 | [1] | 14,150 | [1] | 13,203 | [1] |
Interest and other financial charges | 338 | [1] | 294 | [1] | 988 | [1] | 960 | [1] |
Investment contracts, insurance losses and insurance annuity benefits | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Provision for losses on financing receivables | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Other costs and expenses | 3,922 | [1] | 4,300 | [1] | 11,883 | [1] | 12,214 | [1] |
Total costs and expenses | 23,831 | [1] | 23,318 | [1] | 68,494 | [1] | 69,270 | [1] |
Earnings (loss) from continuing operations before income taxes | 3,597 | [1] | 3,924 | [1] | 11,331 | [1] | 11,700 | [1] |
Benefit (provision) for income taxes | -344 | [1] | -477 | [1] | -1,065 | [1] | -1,319 | [1] |
Earnings from continuing operations | 3,253 | [1] | 3,447 | [1] | 10,266 | [1] | 10,381 | [1] |
Earnings (loss) from discontinued operations, net of taxes | -82 | [1] | 41 | [1] | -313 | [1] | -709 | [1] |
Net earnings (loss) | 3,171 | [1] | 3,488 | [1] | 9,953 | [1] | 9,672 | [1] |
Less net earnings (loss) attributable to noncontrolling interests | -20 | [1] | -3 | [1] | 102 | [1] | 42 | [1] |
Net earnings (loss) attributable to the Company | 3,191 | [1] | 3,491 | [1] | 9,851 | [1] | 9,630 | [1] |
Preferred stock dividends declared | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] |
Net earnings (loss) attributable to GE common shareowners | 3,191 | [1] | 3,491 | [1] | 9,851 | [1] | 9,630 | [1] |
Amounts attributable to the Company | ' | ' | ' | ' | ||||
Earnings (loss) from continuing operations | 3,273 | [1] | 3,450 | [1] | 10,164 | [1] | 10,339 | [1] |
Earnings (loss) from discontinued operations, net of taxes | -82 | [1] | 41 | [1] | -313 | [1] | -709 | [1] |
Net earnings (loss) attributable to the Company | 3,191 | [1] | 3,491 | [1] | 9,851 | [1] | 9,630 | [1] |
Subsidiaries GECC [Member] | ' | ' | ' | ' | ||||
Revenues and other income | ' | ' | ' | ' | ||||
Sales of goods | 33 | 34 | 90 | 90 | ||||
Sales of services | 0 | 0 | 0 | 0 | ||||
Other income | 0 | 0 | 0 | 0 | ||||
GECC earnings from continuing operations | 0 | 0 | 0 | 0 | ||||
GECC revenues from services | 10,637 | 11,240 | 33,095 | 33,878 | ||||
Total revenues and other income | 10,670 | 11,274 | 33,185 | 33,968 | ||||
Costs and expenses | ' | ' | ' | ' | ||||
Cost of goods sold | 29 | 27 | 75 | 75 | ||||
Cost of services sold | 0 | 0 | 0 | 0 | ||||
Interest and other financial charges | 2,241 | 2,798 | 7,046 | 8,962 | ||||
Investment contracts, insurance losses and insurance annuity benefits | 714 | 798 | 2,131 | 2,271 | ||||
Provision for losses on financing receivables | 821 | 1,122 | 3,338 | 2,728 | ||||
Other costs and expenses | 4,959 | 4,754 | 14,719 | 13,918 | ||||
Total costs and expenses | 8,764 | 9,499 | 27,309 | 27,954 | ||||
Earnings (loss) from continuing operations before income taxes | 1,906 | 1,775 | 5,876 | 6,014 | ||||
Benefit (provision) for income taxes | -1 | -80 | -94 | -399 | ||||
Earnings from continuing operations | 1,905 | 1,695 | 5,782 | 5,615 | ||||
Earnings (loss) from discontinued operations, net of taxes | -83 | -107 | -313 | -857 | ||||
Net earnings (loss) | 1,822 | 1,588 | 5,469 | 4,758 | ||||
Less net earnings (loss) attributable to noncontrolling interests | 10 | 20 | 38 | 46 | ||||
Net earnings (loss) attributable to the Company | 1,812 | 1,568 | 5,431 | 4,712 | ||||
Preferred stock dividends declared | 0 | 0 | -135 | 0 | ||||
Net earnings (loss) attributable to GE common shareowners | 1,812 | 1,568 | 5,296 | 4,712 | ||||
Amounts attributable to the Company | ' | ' | ' | ' | ||||
Earnings (loss) from continuing operations | 1,895 | 1,675 | 5,744 | 5,569 | ||||
Earnings (loss) from discontinued operations, net of taxes | -83 | -107 | -313 | -857 | ||||
Net earnings (loss) attributable to the Company | $1,812 | $1,568 | $5,431 | $4,712 | ||||
[1] | (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. |
Condensed_Consolidated_Stateme
Condensed Consolidated Statement of Comprehensive Income (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net earnings | $3,181 | $3,508 | $9,991 | $9,718 |
Less net earnings (loss) attributable to noncontrolling interests | -10 | 17 | 140 | 88 |
Net earnings (loss) attributable to the Company | 3,191 | 3,491 | 9,851 | 9,630 |
Other comprehensive income | ' | ' | ' | ' |
Investment securities | 170 | 122 | -362 | 620 |
Currency translation adjustments | -383 | 1,296 | -469 | 306 |
Cash flow hedges | 58 | 65 | 351 | 210 |
Benefit plans | 765 | 924 | 2,826 | 2,520 |
Other comprehensive income | 610 | 2,407 | 2,346 | 3,656 |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | 10 | 5 | -21 | 3 |
Other comprehensive income attributable to Company | 600 | 2,402 | 2,367 | 3,653 |
Comprehensive income | 3,791 | 5,915 | 12,337 | 13,374 |
Less: Comprehensive income (loss) attributable to noncontrolling interests | 0 | 22 | 119 | 91 |
Comprehensive income attributable to Company | $3,791 | $5,893 | $12,218 | $13,283 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statement of Changes in Shareowners' Equity (Unaudited) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | |
Statement Of Changes In Shareowners Equity [Abstract] | ' | ' | |
GE shareowners' equity balance at January 1 | $123,026 | $116,438 | |
Net earnings (loss) attributable to the Company | 9,851 | 9,630 | |
Dividends and other transactions with shareowners | -5,839 | -5,390 | |
Other comprehensive income attributable to Company | 2,367 | 3,653 | |
Net sales (purchases) of shares for treasury | -6,454 | -1,205 | |
Changes in other capital | -259 | -574 | |
Ending balance at September 30 | 122,692 | 122,552 | |
Noncontrolling interests | 6,353 | [1] | 5,464 |
Total equity balance at September 30 | $129,045 | $128,016 | |
[1] | (d) Included accumulated other comprehensive income (loss) attributable to noncontrolling interests of $(176) million and $(155) million at September 30, 2013 and December 31, 2012, respectively. |
Condensed_Statement_of_Financi
Condensed Statement of Financial Position (Unaudited) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Assets | ' | ' | ||
Cash and equivalents | $86,500 | $77,357 | ||
Investment securities | 43,897 | 48,510 | ||
Current receivables | 20,582 | 19,902 | ||
Inventories | 17,943 | 15,374 | ||
Financing receivables - net | 243,835 | 258,028 | ||
Other GECC receivables | 9,030 | 7,890 | ||
Property, plant and equipment - net | 68,741 | 69,044 | ||
Investment in GECC | 0 | 0 | ||
Goodwill | 78,024 | 73,175 | ||
Other intangible assets - net | 14,226 | 11,987 | ||
All other assets | 72,881 | 101,659 | ||
Deferred income taxes | 3,937 | -42 | ||
Assets of businesses held for sale | 169 | 211 | ||
Assets of discontinued operations | 1,673 | 2,308 | ||
Total assets(b) | 661,438 | [1] | 685,403 | [1] |
Liabilities and equity | ' | ' | ||
Short-term borrowings | 80,496 | 101,392 | ||
Accounts payable, principally trade accounts | 16,449 | 15,657 | ||
Progress collections and price adjustments accrued | 12,122 | 10,877 | ||
Dividends payable | 1,922 | 1,980 | ||
Other GE current liabilities | 14,669 | 14,895 | ||
Non-recourse borrowings of consolidated securitization entities | 29,966 | 30,123 | ||
Bank deposits | 50,761 | 46,461 | ||
Long-term borrowings | 226,872 | 236,084 | ||
Investment contracts, insurance liabilities and insurance annuity benefits | 26,661 | 28,268 | ||
All other liabilities | 70,033 | 68,588 | ||
Liabilities of businesses held for sale | 42 | 157 | ||
Liabilities of discontinued operations | 2,400 | 2,451 | ||
Total liabilities(b) | 532,393 | [1] | 556,933 | [1] |
GECC preferred stock (50,000 and 40,000 shares outstanding at September 30, 2013 and December 31, 2012, respectively) | 0 | 0 | ||
Common stock (10,117,369,000 and 10,405,625,000 shares outstanding at September 30, 2013 and December 31, 2012, respectively) | 702 | 702 | ||
Accumulated other comprehensive income (loss) - net(c) | ' | ' | ||
Investment securities | 315 | [2] | 677 | [2] |
Currency translation adjustments | -36 | [2] | 412 | [2] |
Cash flow hedges | -370 | [2] | -722 | [2] |
Benefit plans | -17,772 | [2] | -20,597 | [2] |
Other capital | 32,811 | 33,070 | ||
Retained earnings | 148,067 | 144,055 | ||
Less common stock held in treasury | -41,025 | -34,571 | ||
Total GE shareowners' equity | 122,692 | 123,026 | ||
Noncontrolling interests(d) | 6,353 | [3] | 5,444 | [3] |
Total equity | 129,045 | 128,470 | ||
Total liabilities and equity | 661,438 | 685,403 | ||
Subsidiaries [Member] | ' | ' | ||
Assets | ' | ' | ||
Cash and equivalents | 10,202 | [4] | 15,509 | [4] |
Investment securities | 96 | [4] | 74 | [4] |
Current receivables | 10,741 | [4] | 9,274 | [4] |
Inventories | 17,865 | [4] | 15,295 | [4] |
Financing receivables - net | 0 | [4] | 0 | [4] |
Other GECC receivables | 0 | [4] | 0 | [4] |
Property, plant and equipment - net | 17,016 | [4] | 16,033 | [4] |
Investment in GECC | 79,164 | [4] | 77,930 | [4] |
Goodwill | 51,328 | [4] | 46,143 | [4] |
Other intangible assets - net | 13,056 | [4] | 10,700 | [4] |
All other assets | 23,143 | [4] | 39,534 | [4] |
Deferred income taxes | 9,597 | [4] | 5,946 | [4] |
Assets of businesses held for sale | 118 | [4] | 0 | [4] |
Assets of discontinued operations | 9 | [4] | 9 | [4] |
Total assets(b) | 232,335 | [1],[4] | 236,447 | [1],[4] |
Liabilities and equity | ' | ' | ||
Short-term borrowings | 1,102 | [4] | 6,041 | [4] |
Accounts payable, principally trade accounts | 14,906 | [4] | 14,259 | [4] |
Progress collections and price adjustments accrued | 12,149 | [4] | 10,877 | [4] |
Dividends payable | 1,922 | [4] | 1,980 | [4] |
Other GE current liabilities | 14,669 | [4] | 14,896 | [4] |
Non-recourse borrowings of consolidated securitization entities | 0 | [4] | 0 | [4] |
Bank deposits | 0 | [4] | 0 | [4] |
Long-term borrowings | 11,493 | [4] | 11,428 | [4] |
Investment contracts, insurance liabilities and insurance annuity benefits | 0 | [4] | 0 | [4] |
All other liabilities | 52,432 | [4] | 53,093 | [4] |
Liabilities of businesses held for sale | 38 | [4] | 0 | [4] |
Liabilities of discontinued operations | 68 | [4] | 70 | [4] |
Total liabilities(b) | 108,779 | [1],[4] | 112,644 | [1],[4] |
GECC preferred stock (50,000 and 40,000 shares outstanding at September 30, 2013 and December 31, 2012, respectively) | 0 | [4] | 0 | [4] |
Common stock (10,117,369,000 and 10,405,625,000 shares outstanding at September 30, 2013 and December 31, 2012, respectively) | 702 | [4] | 702 | [4] |
Accumulated other comprehensive income (loss) - net(c) | ' | ' | ||
Investment securities | 315 | [2],[4] | 677 | [2],[4] |
Currency translation adjustments | -36 | [2],[4] | 412 | [2],[4] |
Cash flow hedges | -370 | [2],[4] | -722 | [2],[4] |
Benefit plans | -17,772 | [2],[4] | -20,597 | [2],[4] |
Other capital | 32,811 | [4] | 33,070 | [4] |
Retained earnings | 148,067 | [4] | 144,055 | [4] |
Less common stock held in treasury | -41,025 | [4] | -34,571 | [4] |
Total GE shareowners' equity | 122,692 | [4] | 123,026 | [4] |
Noncontrolling interests(d) | 864 | [3],[4] | 777 | [3],[4] |
Total equity | 123,556 | [4] | 123,803 | [4] |
Total liabilities and equity | 232,335 | [4] | 236,447 | [4] |
Subsidiaries GECC [Member] | ' | ' | ||
Assets | ' | ' | ||
Cash and equivalents | 76,298 | 61,942 | ||
Investment securities | 43,805 | 48,439 | ||
Current receivables | 0 | 0 | ||
Inventories | 78 | 79 | ||
Financing receivables - net | 254,223 | 268,951 | ||
Other GECC receivables | 14,899 | 13,917 | ||
Property, plant and equipment - net | 51,680 | 52,974 | ||
Investment in GECC | 0 | 0 | ||
Goodwill | 26,696 | 27,032 | ||
Other intangible assets - net | 1,176 | 1,294 | ||
All other assets | 50,139 | 62,201 | ||
Deferred income taxes | -5,660 | -5,988 | ||
Assets of businesses held for sale | 51 | 211 | ||
Assets of discontinued operations | 1,664 | 2,299 | ||
Total assets(b) | 515,049 | [1] | 533,351 | [1] |
Liabilities and equity | ' | ' | ||
Short-term borrowings | 79,830 | 95,940 | ||
Accounts payable, principally trade accounts | 7,189 | 6,259 | ||
Progress collections and price adjustments accrued | 0 | 0 | ||
Dividends payable | 0 | 0 | ||
Other GE current liabilities | 0 | 0 | ||
Non-recourse borrowings of consolidated securitization entities | 29,966 | 30,123 | ||
Bank deposits | 50,761 | 46,461 | ||
Long-term borrowings | 215,503 | 224,776 | ||
Investment contracts, insurance liabilities and insurance annuity benefits | 27,155 | 28,696 | ||
All other liabilities | 17,656 | 15,961 | ||
Liabilities of businesses held for sale | 4 | 157 | ||
Liabilities of discontinued operations | 2,332 | 2,381 | ||
Total liabilities(b) | 430,396 | [1] | 450,754 | [1] |
GECC preferred stock (50,000 and 40,000 shares outstanding at September 30, 2013 and December 31, 2012, respectively) | 0 | 0 | ||
Common stock (10,117,369,000 and 10,405,625,000 shares outstanding at September 30, 2013 and December 31, 2012, respectively) | 0 | 0 | ||
Accumulated other comprehensive income (loss) - net(c) | ' | ' | ||
Investment securities | 297 | [2] | 673 | [2] |
Currency translation adjustments | -238 | [2] | -131 | [2] |
Cash flow hedges | -396 | [2] | -746 | [2] |
Benefit plans | -706 | [2] | -736 | [2] |
Other capital | 32,564 | 31,586 | ||
Retained earnings | 52,593 | 51,244 | ||
Less common stock held in treasury | 0 | 0 | ||
Total GE shareowners' equity | 84,114 | 81,890 | ||
Noncontrolling interests(d) | 539 | [3] | 707 | [3] |
Total equity | 84,653 | 82,597 | ||
Total liabilities and equity | $515,049 | $533,351 | ||
[1] | (b) Our consolidated assets at September 30, 2013 include total assets of $46,748 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $40,398 million and investment securities of $4,148 million. Our consolidated liabilities at September 30, 2013 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $28,416 million. See Note 18. | |||
[2] | (c) The sum of accumulated other comprehensive income (loss) attributable to GE was $(17,863) million and $(20,230) million at September 30, 2013 and December 31, 2012, respectively. | |||
[3] | (d) Included accumulated other comprehensive income (loss) attributable to noncontrolling interests of $(176) million and $(155) million at September 30, 2013 and December 31, 2012, respectively. | |||
[4] | (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. |
Condensed_Statement_of_Financi1
Condensed Statement of Financial Position (Unaudited) (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | ||
Balance Sheet Related Disclosures [Abstract] | ' | ' |
Preferred Stock, Shares Outstanding | 50,000 | 40,000 |
Common Stock, Shares, Outstanding | 10,117,369,000 | 10,405,625,000 |
Sum of accumulated other comprehensive income - net | ($17,863) | ($20,230) |
Accumulated other comprehensive income - net attributable to noncontrolling interests | -176 | -155 |
Assets of consolidated variable interest entities that can only be used to settle the liabilities of those VIEs | 46,748 | ' |
Net financing receivables of certain VIEs that can only be used to settle the liabilities of those VIEs | 40,398 | ' |
Investment securities of certain VIEs that can only be used to settle the liabilities of those VIEs | 4,148 | ' |
Nonrecourse Borrowings Of Consolidated Securitization Entities Where VIE Creditors Do Not Have Recourse To Company | $28,416 | ' |
Condensed_Statement_of_Cash_Fl
Condensed Statement of Cash Flows (Unaudited) (USD $) | 9 Months Ended | 12 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
Cash flows - operating activities | ' | ' | ' | |||
Net earnings | $9,991 | $9,718 | ' | |||
Less net earnings (loss) attributable to noncontrolling interests | 140 | 88 | ' | |||
Net earnings (loss) attributable to the Company | 9,851 | 9,630 | ' | |||
(Earnings) loss from discontinued operations, net of taxes | 313 | 709 | ' | |||
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | ' | ' | ' | |||
Depreciation and amortization of property, plant and equipment | 7,155 | 6,699 | ' | |||
Earnings from continuing operations retained by GECC(b) | 0 | [1] | 0 | [1] | ' | |
Deferred income taxes | -2,051 | -1,555 | ' | |||
Decrease (increase) in GE current receivables | 196 | 114 | ' | |||
Decrease (increase) in inventories | -1,795 | -1,949 | ' | |||
Increase (decrease) in accounts payable | 977 | 221 | ' | |||
Increase (decrease) in GE progress collections | 918 | -1,015 | ' | |||
Provision for losses on GECC financing receivables | 3,338 | 2,728 | ' | |||
All other operating activities | -1,634 | 4,354 | ' | |||
Cash from (used for) operating activities - continuing operations | 17,268 | 19,936 | ' | |||
Cash from (used for) operating activities - discontinued operations | -106 | 142 | ' | |||
Cash from (used for) operating activities | 17,162 | 20,078 | ' | |||
Cash flows - investing activities | ' | ' | ' | |||
Additions to property, plant and equipment | -10,130 | -10,500 | ' | |||
Dispositions of property, plant and equipment | 4,119 | 4,836 | ' | |||
Net decrease (increase) in GECC financing receivables | 7,221 | 9,464 | ' | |||
Proceeds from sales of discontinued operations | 0 | 227 | ' | |||
Proceeds from principal business dispositions | 1,101 | 293 | ' | |||
Proceeds from sales of associated companies | 16,699 | 0 | ' | |||
Net cash from (payments for) principal businesses purchased | -1,617 | -604 | ' | |||
All other investing activities | 14,532 | 8,971 | ' | |||
Cash from (used for) investing activities - continuing operations | 31,925 | 12,687 | ' | |||
Cash from (used for) investing activities - discontinued operations | 97 | -152 | ' | |||
Cash from (used for) investing activities | 32,022 | 12,535 | ' | |||
Cash flows - financing activities | ' | ' | ' | |||
Net increase (decrease) in borrowings (maturities of 90 days or less) | -9,949 | -660 | ' | |||
Net increase (decrease) in bank deposits | -2,222 | 1,195 | ' | |||
Newly issued debt (maturities longer than 90 days) | 41,456 | 43,468 | ' | |||
Repayments and other reductions (maturities longer than 90 days) | -55,451 | -70,405 | ' | |||
Proceeds from issuance of preferred stock | 990 | 3,960 | 3,960 | |||
Net dispositions (purchases) of GE shares for treasury | -7,496 | -2,280 | ' | |||
Dividends paid to shareowners | -5,895 | -5,401 | ' | |||
All other financing activities | -445 | -2,783 | ' | |||
Cash from (used for) financing activities - continuing operations | -39,012 | -32,906 | ' | |||
Cash from (used for) financing activities - discontinued operations | 15 | 0 | ' | |||
Cash from (used for) financing activities | -38,997 | -32,906 | ' | |||
Effect of currency exchange rate changes on cash and equivalents | -1,038 | 1,243 | ' | |||
Increase (decrease) in cash and equivalents | 9,149 | 950 | ' | |||
Cash and equivalents at beginning of year | 77,459 | 84,622 | 84,622 | |||
Cash and equivalents at September 30 | 86,608 | 85,572 | 77,459 | |||
Less cash and equivalents of discontinued operations at September 30 | 108 | 110 | ' | |||
Cash and equivalents of continuing operations at September 30 | 86,500 | 85,462 | 77,357 | |||
Subsidiaries [Member] | ' | ' | ' | |||
Cash flows - operating activities | ' | ' | ' | |||
Net earnings | 9,953 | [2] | 9,672 | [2] | ' | |
Less net earnings (loss) attributable to noncontrolling interests | 102 | [2] | 42 | [2] | ' | |
Net earnings (loss) attributable to the Company | 9,851 | [2] | 9,630 | [2] | ' | |
(Earnings) loss from discontinued operations, net of taxes | 313 | [2] | 709 | [2] | ' | |
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | ' | ' | ' | |||
Depreciation and amortization of property, plant and equipment | 1,783 | [2] | 1,677 | [2] | ' | |
Earnings from continuing operations retained by GECC(b) | -1,797 | [1],[2] | -123 | [1],[2] | ' | |
Deferred income taxes | -2,568 | [2] | -605 | [2] | ' | |
Decrease (increase) in GE current receivables | -1,262 | [2] | 345 | [2] | ' | |
Decrease (increase) in inventories | -1,759 | [2] | -1,895 | [2] | ' | |
Increase (decrease) in accounts payable | 574 | [2] | 299 | [2] | ' | |
Increase (decrease) in GE progress collections | 944 | [2] | -1,015 | [2] | ' | |
Provision for losses on GECC financing receivables | 0 | [2] | 0 | [2] | ' | |
All other operating activities | 1,749 | [2] | 1,630 | [2] | ' | |
Cash from (used for) operating activities - continuing operations | 7,828 | [2] | 10,652 | [2] | ' | |
Cash from (used for) operating activities - discontinued operations | -2 | [2] | 0 | [2] | ' | |
Cash from (used for) operating activities | 7,826 | [2] | 10,652 | [2] | ' | |
Cash flows - investing activities | ' | ' | ' | |||
Additions to property, plant and equipment | -2,705 | [2] | -2,741 | [2] | ' | |
Dispositions of property, plant and equipment | 0 | [2] | 0 | [2] | ' | |
Net decrease (increase) in GECC financing receivables | 0 | [2] | 0 | [2] | ' | |
Proceeds from sales of discontinued operations | 0 | [2] | 0 | [2] | ' | |
Proceeds from principal business dispositions | 260 | [2] | 49 | [2] | ' | |
Proceeds from sales of associated companies | 16,699 | [2] | 0 | [2] | ' | |
Net cash from (payments for) principal businesses purchased | -8,001 | [2] | -604 | [2] | ' | |
All other investing activities | -946 | [2] | -334 | [2] | ' | |
Cash from (used for) investing activities - continuing operations | 5,307 | [2] | -3,630 | [2] | ' | |
Cash from (used for) investing activities - discontinued operations | 2 | [2] | 0 | [2] | ' | |
Cash from (used for) investing activities | 5,309 | [2] | -3,630 | [2] | ' | |
Cash flows - financing activities | ' | ' | ' | |||
Net increase (decrease) in borrowings (maturities of 90 days or less) | -164 | [2] | 661 | [2] | ' | |
Net increase (decrease) in bank deposits | 0 | [2] | 0 | [2] | ' | |
Newly issued debt (maturities longer than 90 days) | 101 | [2] | 33 | [2] | ' | |
Repayments and other reductions (maturities longer than 90 days) | -5,051 | [2] | -17 | [2] | ' | |
Proceeds from issuance of preferred stock | 0 | [2] | 0 | [2] | ' | |
Net dispositions (purchases) of GE shares for treasury | -7,496 | [2] | -2,280 | [2] | ' | |
Dividends paid to shareowners | -5,895 | [2] | -5,401 | [2] | ' | |
All other financing activities | 115 | [2] | -54 | [2] | ' | |
Cash from (used for) financing activities - continuing operations | -18,390 | [2] | -7,058 | [2] | ' | |
Cash from (used for) financing activities - discontinued operations | 0 | [2] | 0 | [2] | ' | |
Cash from (used for) financing activities | -18,390 | [2] | -7,058 | [2] | ' | |
Effect of currency exchange rate changes on cash and equivalents | -52 | [2] | 16 | [2] | ' | |
Increase (decrease) in cash and equivalents | -5,307 | [2] | -20 | [2] | ' | |
Cash and equivalents at beginning of year | 15,509 | [2] | 8,382 | [2] | 8,382 | [2] |
Cash and equivalents at September 30 | 10,202 | [2] | 8,362 | [2] | ' | |
Less cash and equivalents of discontinued operations at September 30 | 0 | [2] | 0 | [2] | ' | |
Cash and equivalents of continuing operations at September 30 | 10,202 | [2] | 8,362 | [2] | 15,509 | [2] |
Subsidiaries GECC [Member] | ' | ' | ' | |||
Cash flows - operating activities | ' | ' | ' | |||
Net earnings | 5,469 | 4,758 | ' | |||
Less net earnings (loss) attributable to noncontrolling interests | 38 | 46 | ' | |||
Net earnings (loss) attributable to the Company | 5,431 | 4,712 | ' | |||
(Earnings) loss from discontinued operations, net of taxes | 313 | 857 | ' | |||
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | ' | ' | ' | |||
Depreciation and amortization of property, plant and equipment | 5,372 | 5,022 | ' | |||
Earnings from continuing operations retained by GECC(b) | 0 | [1] | 0 | [1] | ' | |
Deferred income taxes | 517 | -950 | ' | |||
Decrease (increase) in GE current receivables | 0 | 0 | ' | |||
Decrease (increase) in inventories | 0 | -22 | ' | |||
Increase (decrease) in accounts payable | 747 | -310 | ' | |||
Increase (decrease) in GE progress collections | 0 | 0 | ' | |||
Provision for losses on GECC financing receivables | 3,338 | 2,728 | ' | |||
All other operating activities | -3,852 | 2,853 | ' | |||
Cash from (used for) operating activities - continuing operations | 11,866 | 14,890 | ' | |||
Cash from (used for) operating activities - discontinued operations | -104 | 142 | ' | |||
Cash from (used for) operating activities | 11,762 | 15,032 | ' | |||
Cash flows - investing activities | ' | ' | ' | |||
Additions to property, plant and equipment | -7,582 | -8,098 | ' | |||
Dispositions of property, plant and equipment | 4,119 | 4,836 | ' | |||
Net decrease (increase) in GECC financing receivables | 8,495 | 9,521 | ' | |||
Proceeds from sales of discontinued operations | 0 | 227 | ' | |||
Proceeds from principal business dispositions | 841 | 244 | ' | |||
Proceeds from sales of associated companies | 0 | 0 | ' | |||
Net cash from (payments for) principal businesses purchased | 6,384 | 0 | ' | |||
All other investing activities | 15,916 | 9,519 | ' | |||
Cash from (used for) investing activities - continuing operations | 28,173 | 16,249 | ' | |||
Cash from (used for) investing activities - discontinued operations | 95 | -152 | ' | |||
Cash from (used for) investing activities | 28,268 | 16,097 | ' | |||
Cash flows - financing activities | ' | ' | ' | |||
Net increase (decrease) in borrowings (maturities of 90 days or less) | -9,917 | -1,209 | ' | |||
Net increase (decrease) in bank deposits | -2,222 | 1,195 | ' | |||
Newly issued debt (maturities longer than 90 days) | 41,355 | 43,215 | ' | |||
Repayments and other reductions (maturities longer than 90 days) | -50,396 | -70,388 | ' | |||
Proceeds from issuance of preferred stock | 990 | 3,960 | ' | |||
Net dispositions (purchases) of GE shares for treasury | 0 | 0 | ' | |||
Dividends paid to shareowners | -4,082 | -5,446 | ' | |||
All other financing activities | -425 | -2,729 | ' | |||
Cash from (used for) financing activities - continuing operations | -24,697 | -31,402 | ' | |||
Cash from (used for) financing activities - discontinued operations | 15 | 0 | ' | |||
Cash from (used for) financing activities | -24,682 | -31,402 | ' | |||
Effect of currency exchange rate changes on cash and equivalents | -986 | 1,227 | ' | |||
Increase (decrease) in cash and equivalents | 14,362 | 954 | ' | |||
Cash and equivalents at beginning of year | 62,044 | 76,823 | 76,823 | |||
Cash and equivalents at September 30 | 76,406 | 77,777 | ' | |||
Less cash and equivalents of discontinued operations at September 30 | 108 | 110 | ' | |||
Cash and equivalents of continuing operations at September 30 | $76,298 | $77,667 | $61,942 | |||
[1] | (b) Represents GECC earnings from continuing operations attributable to the Company, net of GECC dividends paid to GE. | |||||
[2] | (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. |
Summary_of_Operating_Segments_
Summary of Operating Segments (Unaudited) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Summary of Operating Segments [Abstract] | ' | |||||||||||
Summary of Operating Segments | ' | |||||||||||
Summary of Operating Segments | ||||||||||||
General Electric Company and consolidated affiliates | ||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||
(Unaudited) | (Unaudited) | |||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||
Revenues(a) | ||||||||||||
Power & Water | $ | 6,498 | $ | 7,196 | $ | 17,038 | $ | 20,647 | ||||
Oil & Gas | 4,315 | 3,645 | 11,669 | 10,693 | ||||||||
Energy Management | 1,828 | 1,879 | 5,557 | 5,478 | ||||||||
Aviation | 5,364 | 4,781 | 15,741 | 14,527 | ||||||||
Healthcare | 4,304 | 4,307 | 13,083 | 13,107 | ||||||||
Transportation | 1,406 | 1,409 | 4,425 | 4,244 | ||||||||
Home & Business Solutions | 2,098 | 1,955 | 6,142 | 5,899 | ||||||||
Total industrial segment revenues | 25,813 | 25,172 | 73,655 | 74,595 | ||||||||
GE Capital | 10,670 | 11,274 | 33,185 | 33,968 | ||||||||
Total segment revenues | 36,483 | 36,446 | 106,840 | 108,563 | ||||||||
Corporate items and eliminations(a) | -758 | -192 | -982 | -832 | ||||||||
Consolidated revenues and other income | $ | 35,725 | $ | 36,254 | $ | 105,858 | $ | 107,731 | ||||
Segment profit(a) | ||||||||||||
Power & Water | $ | 1,289 | $ | 1,184 | $ | 3,095 | $ | 3,675 | ||||
Oil & Gas | 519 | 469 | 1,376 | 1,275 | ||||||||
Energy Management | 18 | 42 | 64 | 67 | ||||||||
Aviation | 1,091 | 924 | 3,094 | 2,708 | ||||||||
Healthcare | 665 | 620 | 1,986 | 1,899 | ||||||||
Transportation | 306 | 265 | 886 | 779 | ||||||||
Home & Business Solutions | 77 | 60 | 239 | 196 | ||||||||
Total industrial segment profit | 3,965 | 3,564 | 10,740 | 10,599 | ||||||||
GE Capital | 1,895 | 1,675 | 5,744 | 5,569 | ||||||||
Total segment profit | 5,860 | 5,239 | 16,484 | 16,168 | ||||||||
Corporate items and eliminations(a) | -1,905 | -1,018 | -4,267 | -3,550 | ||||||||
GE interest and other financial charges | -338 | -294 | -988 | -960 | ||||||||
GE provision for income taxes | -344 | -477 | -1,065 | -1,319 | ||||||||
Earnings from continuing operations attributable | ||||||||||||
to the Company | 3,273 | 3,450 | 10,164 | 10,339 | ||||||||
Earnings (loss) from discontinued operations, | ||||||||||||
net of taxes, attributable to the Company | -82 | 41 | -313 | -709 | ||||||||
Consolidated net earnings attributable to | ||||||||||||
the Company | $ | 3,191 | $ | 3,491 | $ | 9,851 | $ | 9,630 | ||||
Segment revenues includes both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, earnings attributable to noncontrolling interests of consolidated subsidiaries, GECC preferred stock dividends declared and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured – excluded in determining segment profit, which we sometimes refer to as “operating profit,” for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Home & Business Solutions; included in determining segment profit, which we sometimes refer to as “net earnings,” for GE Capital. | ||||||||||||
See accompanying notes. | ||||||||||||
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Summary Of Significant Accounting Policies | ' |
Notes to Condensed, Consolidated Financial Statements (Unaudited) | |
1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accompanying condensed, consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (2012 consolidated financial statements), which discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), whose continuing operations are presented on a one-line basis; GECC consists of General Electric Capital Corporation and all of its affiliates; and “Consolidated” represents the adding together of GE and GECC with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as “revenues” throughout Item 1 of this Form 10-Q. | |
We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the condensed, consolidated financial statements relates to continuing operations. | |
Accounting Changes | |
On January 1, 2012, we adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2011-05, an amendment to Accounting Standards Codification (ASC) 220, Comprehensive Income. ASU 2011-05 introduced a new statement, the Consolidated Statement of Comprehensive Income. The amendments affect only the display of those components of equity categorized as other comprehensive income and do not change existing recognition and measurement requirements that determine net earnings. | |
On January 1, 2012, we adopted FASB ASU 2011-04, an amendment to ASC 820, Fair Value Measurements. ASU 2011-04 clarifies or changes the application of existing fair value measurements, including: that the highest and best use valuation premise in a fair value measurement is relevant only when measuring the fair value of nonfinancial assets; that a reporting entity should measure the fair value of its own equity instrument from the perspective of a market participant that holds that instrument as an asset; to permit an entity to measure the fair value of certain financial instruments on a net basis rather than based on its gross exposure when the reporting entity manages its financial instruments on the basis of such net exposure; that in the absence of a Level 1 input, a reporting entity should apply premiums and discounts when market participants would do so when pricing the asset or liability consistent with the unit of account; and that premiums and discounts related to size as a characteristic of the reporting entity's holding are not permitted in a fair value measurement. Adopting these amendments had no effect on the financial statements. For a description of how we estimate fair value and our process for reviewing fair value measurements classified as Level 3 in the fair value hierarchy, see Note 1 in our 2012 consolidated financial statements. | |
See Note 1 in our 2012 consolidated financial statements for a summary of our significant accounting policies. | |
Interim Period Presentation | |
The condensed, consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed, consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these condensed, consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2012 consolidated financial statements. We label our quarterly information using a calendar convention, that is, first quarter is labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30. It is our longstanding practice to establish interim quarterly closing dates using a fiscal calendar, which requires our businesses to close their books on either a Saturday or Sunday, depending on the business. The effects of this practice are modest and only exist within a reporting year. The fiscal closing calendar for 2013 is available on our website, www.ge.com/secreports. | |
Assets_and_Liabilities_of_Busi
Assets and Liabilities of Businesses Held For Sale and Discontnued Operations | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||||||
Assets and Liabilities Of Business Held For Sale and Discontinued Operations | ' | ||||||||||||
2. ASSETS AND LIABILITIES OF BUSINESSES HELD FOR SALE AND DISCONTINUED OPERATIONS | |||||||||||||
Assets and Liabilities of Businesses Held for Sale | |||||||||||||
In the first quarter of 2013, we committed to sell certain of our machining and fabrication businesses at Aviation and our Consumer auto and personal loan business in Portugal. We completed the sale of our Consumer auto and personal loan business in Portugal on July 15, 2013 for proceeds of $83 million. | |||||||||||||
In the second quarter of 2012, we committed to sell a portion of our Business Properties portfolio (Business Property) in Real Estate, including certain commercial loans, the origination and servicing platforms and the servicing rights on loans previously securitized by GECC. We completed the sale of Business Property on October 1, 2012 for proceeds of $2,406 million. We deconsolidated substantially all Real Estate securitization entities in the fourth quarter of 2012 as servicing rights related to these entities were transferred to the buyer at closing. | |||||||||||||
Summarized financial information for businesses held for sale is shown below. | |||||||||||||
At | |||||||||||||
September 30, | December 31, | ||||||||||||
(In millions) | 2013 | 2012 | |||||||||||
Assets | |||||||||||||
Cash and equivalents | $ | 4 | $ | 74 | |||||||||
Financing receivables – net | - | 47 | |||||||||||
Property, plant and equipment – net | 26 | 31 | |||||||||||
Other intangible assets – net | 20 | 9 | |||||||||||
Other | 119 | 50 | |||||||||||
Assets of businesses held for sale | $ | 169 | $ | 211 | |||||||||
Liabilities | |||||||||||||
Short-term borrowings | $ | - | $ | 138 | |||||||||
Other | 42 | 19 | |||||||||||
Liabilities of businesses held for sale | $ | 42 | $ | 157 | |||||||||
NBCU | |||||||||||||
On March 19, 2013, we closed a transaction to sell our remaining 49% common equity interest in NBCUniversal LLC (NBCU LLC) to Comcast Corporation (Comcast) for total consideration of $16,722 million, consisting of $11,997 million in cash, $4,000 million in Comcast guaranteed debt and $725 million in preferred stock. The $4,000 million of debt and the $725 million of preferred shares were both issued by a wholly-owned subsidiary of Comcast. During the three months ended March 31, 2013, but subsequent to the closing of the transaction, both of these instruments were sold at approximately par value. In addition, Comcast is obligated to share with us potential tax savings associated with Comcast's purchase of our NBCU LLC interest, if realized. We did not recognize these potential future payments as consideration for the sale, but will record such payments in income as they are received. GECC also sold real estate comprising certain floors located at 30 Rockefeller Center, New York and the CNBC property located in Englewood Cliffs, New Jersey to affiliates of NBCU LLC for $1,430 million in cash. | |||||||||||||
As a result of the transactions, we recognized a pre-tax gain of $1,096 million ($825 million after tax) on the sale of our 49% common equity interest in NBCU LLC and $921 million ($564 million after tax) on the sale of GECC's real estate properties. | |||||||||||||
Discontinued Operations | |||||||||||||
Discontinued operations primarily comprised GE Money Japan (our Japanese personal loan business, Lake, and our Japanese mortgage and card businesses, excluding our investment in GE Nissen Credit Co., Ltd.), our U.S. mortgage business (WMC), our Consumer mortgage lending business in Ireland (Consumer Ireland) and our CLL trailer services business in Europe (CLL Trailer Services). Associated results of operations, financial position and cash flows are separately reported as discontinued operations for all periods presented. | |||||||||||||
Summarized financial information for discontinued operations is shown below. | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Operations | |||||||||||||
Total revenues and other income (loss) | $ | 79 | $ | -17 | $ | 109 | $ | -160 | |||||
Earnings (loss) from discontinued operations | |||||||||||||
before income taxes | $ | 2 | $ | -139 | $ | -157 | $ | -587 | |||||
Benefit (provision) for income taxes | 9 | 30 | 151 | 187 | |||||||||
Earnings (loss) from discontinued operations, | |||||||||||||
net of taxes | $ | 11 | $ | -109 | $ | -6 | $ | -400 | |||||
Disposal | |||||||||||||
Gain (loss) on disposal before income taxes | $ | -108 | $ | -4 | $ | -390 | $ | -506 | |||||
Benefit (provision) for income taxes | 15 | 154 | 83 | 197 | |||||||||
Gain (loss) on disposal, net of taxes | $ | -93 | $ | 150 | $ | -307 | $ | -309 | |||||
Earnings (loss) from discontinued operations, | |||||||||||||
net of taxes(a) | $ | -82 | $ | 41 | $ | -313 | $ | -709 | |||||
(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECC earnings (loss) from discontinued operations, net of taxes, is reported as GE earnings (loss) from discontinued operations, net of taxes, on the Condensed Statement of Earnings. | |||||||||||||
At | |||||||||||||
September 30, | December 31, | ||||||||||||
(In millions) | 2013 | 2012 | |||||||||||
Assets | |||||||||||||
Cash and equivalents | $ | 108 | $ | 102 | |||||||||
Property, plant and equipment - net | 474 | 699 | |||||||||||
Other | 1,091 | 1,507 | |||||||||||
Assets of discontinued operations | $ | 1,673 | $ | 2,308 | |||||||||
Liabilities | |||||||||||||
Deferred income taxes | $ | 323 | $ | 372 | |||||||||
Other | 2,077 | 2,079 | |||||||||||
Liabilities of discontinued operations | $ | 2,400 | $ | 2,451 | |||||||||
Assets at September 30, 2013 and December 31, 2012 primarily comprised cash, property, plant and equipment - net and a deferred tax asset for a loss carryforward, which expires principally in 2017 and in part in 2019, related to the sale of our GE Money Japan business. | |||||||||||||
GE Money Japan | |||||||||||||
During the third quarter of 2008, we completed the sale of GE Money Japan, which included our Japanese personal loan business. Under the terms of the sale, we reduced the proceeds for estimated refund claims in excess of the statutory interest rate. Proceeds from the sale were to be increased or decreased based on the actual claims experienced in accordance with loss-sharing terms specified in the sale agreement, with all claims in excess of 258 billion Japanese yen (approximately $3,000 million) remaining our responsibility. The underlying portfolio to which this obligation relates is in runoff and interest rates were capped for all designated accounts by mid-2009. In the third quarter of 2010, we were required to begin making reimbursements under this arrangement. | |||||||||||||
Overall, excess interest refund claims experience has been difficult to predict and subject to several adverse factors, including the challenging global economic conditions over the last few years, the financial status of other Japanese personal lenders (including the 2010 bankruptcy of a large independent personal loan company), substantial ongoing legal advertising, and consumer behavior. Our reserves declined from $700 million at December 31, 2012, to $527 million at September 30, 2013, as claim payments and the effects of a strengthening U.S. dollar against the Japanese yen were partially offset by an increase to reserves of $205 million. In determining reserve levels, we consider analyses of recent and historical claims experience, as well as pending and estimated future refund requests, adjusted for the estimated percentage of customers who present valid requests and associated estimated payments. We determined our reserve assuming the pace of incoming claims will decelerate, that average exposure per claim remains consistent with recent experience, and that we continue to see the impact of loss mitigation efforts. Since our disposition of the business, incoming claims have continued to decline; however, it is highly variable and difficult to predict the pace and pattern of that decline and such assumptions have a significant effect on the total amount of our liability. Holding all other assumptions constant, an adverse change of 20% and 50% in assumed incoming daily claim rate reduction (resulting in an extension of the claim period and higher incoming claims), would result in an increase to our reserve of approximately $75 million and $400 million, respectively. We continue to closely monitor and evaluate claims activity. | |||||||||||||
Based on the uncertainties discussed above, and considering other environmental factors in Japan, including the runoff status of the underlying book of business, challenging economic conditions, the impact of laws and regulations (including consideration of proposed legislation that could impose a framework for collective legal action proceedings), and the financial status of other local personal lending companies, it is difficult to develop a meaningful estimate of the aggregate possible claims exposure. These uncertainties and factors could have an adverse effect on claims development. | |||||||||||||
GE Money Japan earnings (loss) from discontinued operations, net of taxes, were $(80) million and $(9) million in the three months ended September 30, 2013 and 2012, respectively, and $(196) million and $(363) million in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
WMC | |||||||||||||
During the fourth quarter of 2007, we completed the sale of WMC, our U.S. mortgage business. WMC substantially discontinued all new loan originations by the second quarter of 2007, and is not a loan servicer. In connection with the sale, WMC retained certain representation and warranty obligations related to loans sold to third parties prior to the disposal of the business and contractual obligations to repurchase previously sold loans as to which there was an early payment default. All claims received by WMC for early payment default have either been resolved or are no longer being pursued. | |||||||||||||
Pending repurchase claims based upon representations and warranties made in connection with loan sales were $6,311 million at September 30, 2013, $5,357 million at December 31, 2012 and $705 million at December 31, 2011. Pending claims represent those active repurchase claims that identify the specific loans tendered for repurchase and, for each loan, the alleged breach of a representation or warranty. As such, they do not include unspecified repurchase claims, such as the Litigation Claims discussed below, or claims relating to breaches of representations that were made more than six years before WMC was notified of the claim. WMC believes that these repurchase claims do not meet the substantive and procedural requirements for tender under the governing agreements, would be disallowed in legal proceedings under applicable statutes of limitations or are otherwise invalid. The amounts reported in pending claims reflect the purchase price or unpaid principal balances of the loans at the time of purchase and do not give effect to pay downs, accrued interest or fees, or potential recoveries based upon the underlying collateral. Historically, a small percentage of the total loans WMC originated and sold have been treated as “validly tendered,” meaning the loan was subject to repurchase because there was a breach of a representation and warranty that materially and adversely affected the value of the loan, and the demanding party met all other procedural and substantive requirements for repurchase. | |||||||||||||
Reserves related to WMC pending and estimated future loan repurchase claims were $800 million at September 30, 2013, reflecting an increase to reserves in the nine months ended September 30, 2013 of $167 million due to incremental claim activity and updates to WMC's estimate of future losses. The amount of these reserves is based upon pending and estimated future loan repurchase requests, WMC's historical loss experience and evaluation of claim activity on loans tendered for repurchase. | |||||||||||||
The following table provides a roll forward of the reserve and pending repurchase claims. | |||||||||||||
Reserve | Pending claims | ||||||||||||
(In millions) | Three months ended September 30, 2013 | Nine months ended September 30, 2013 | (In millions) | Three months ended September 30, 2013 | Nine months ended September 30, 2013 | ||||||||
Reserve, beginning of period | $ | 787 | $ | 633 | Pending claims, beginning of period | $ | 6,335 | $ | 5,357 | ||||
Provision | 18 | 172 | New claims | - | 978 | ||||||||
Claim resolutions/ rescissions | -5 | -5 | Claim resolutions/ rescissions | -24 | -24 | ||||||||
Reserve, end of period | $ | 800 | $ | 800 | Pending claims, end of period | $ | 6,311 | $ | 6,311 | ||||
Given the significant recent activity in pending claims and related litigation filed in connection with such claims, it is difficult to assess whether future losses will be consistent with WMC's past experience. Adverse changes to WMC's assumptions supporting the reserve for pending and estimated future loan repurchase claims may result in an increase to these reserves. For example, a 50% increase in the estimate of future loan repurchase requests and a 100% increase in the estimated loss rate on loans tendered (and assuming settlements at current demands), would result in an increase to the reserves of approximately $525 million. | |||||||||||||
There are 16 lawsuits involving claims made against WMC arising from alleged breaches of representations and warranties on mortgage loans included in 15 securitizations. WMC initiated three of the cases as the plaintiff; in the other cases WMC is a defendant. The adverse parties in these cases are securitization trustees or parties claiming to act on their behalf. In 12 of these lawsuits, the adverse parties seek compensatory or other relief for mortgage loans beyond those included in WMC's previously discussed pending claims at September 30, 2013 (Litigation Claims). These Litigation Claims consist of sampling-based claims in two cases on approximately $900 million of mortgage loans and, in the other ten cases, claims for repurchase or damages based on the alleged failure to provide notice of defective loans, breach of a corporate representation and warranty, and/or non-specific claims for rescissionary damages on approximately $5,700 million of mortgage loans. These claims reflect the purchase price or unpaid principal balances of the loans at the time of purchase and do not give effect to pay downs, accrued interest or fees, or potential recoveries based upon the underlying collateral. As noted above, WMC believes that the Litigation Claims conflict with the governing agreements and applicable law. As a result, WMC has not included the Litigation Claims in its pending claims or in its estimates of future loan repurchase requests and holds no related reserve as of September 30, 2013. | |||||||||||||
At this point, WMC is unable to develop a meaningful estimate of reasonably possible loss in connection with the Litigation Claims described above due to a number of factors, including the extent to which courts will agree with the theories supporting the Litigation Claims. The case law on these issues is unsettled, and while several courts have supported some of the theories underlying WMC's legal defenses, other courts have rejected them. There are a number of pending cases, including WMC cases, which, in the coming months, could provide more certainty regarding the legal status of these claims. An adverse court decision on any of the theories supporting the Litigation Claims could increase WMC's exposure in some or all of the 16 lawsuits, result in a reclassification of some or all of the Litigation Claims to Pending Claims and provoke new claims and lawsuits on additional loans. However, WMC continues to believe that it has defenses to all the claims asserted in litigation, including, for example, causation and materiality requirements, limitations on remedies for breach of representations and warranties, and the applicable statutes of limitations. To the extent WMC is required to repurchase loans, WMC's loss also would be affected by several factors, including pay downs, accrued interest and fees, and the value of the underlying collateral. It is not possible to predict the outcome or impact of these defenses and other factors, any one of which could materially affect the amount of any loss ultimately incurred by WMC on these claims. | |||||||||||||
WMC has received claims on approximately $1,000 million of mortgage loans after the expiration of the statute of limitations as of September 30, 2013, $700 million of which are also included as Litigation Claims. Subsequent to September 30, 2013, WMC has received approximately $600 million of additional claims tendered after the six-year anniversary of the securitization. WMC has also received unspecified indemnification demands from depositors/underwriters/sponsors of residential mortgage-backed securities (RMBS) in connection with lawsuits brought by RMBS investors concerning alleged misrepresentations in the securitization offering documents to which WMC is not a party. WMC believes that it has defenses to these demands. | |||||||||||||
The reserve estimates reflect judgment, based on currently available information, and a number of assumptions, including economic conditions, claim activity, pending and threatened litigation, indemnification demands, estimated repurchase rates, and other activity in the mortgage industry. Actual losses arising from claims against WMC could exceed the reserve amount and additional claims and lawsuits could result if actual claim rates, governmental actions, litigation and indemnification activity, adverse court decisions, settlement activity, actual repurchase rates or losses WMC incurs on repurchased loans differ from its assumptions. It is difficult to develop a meaningful estimate of aggregate possible claims exposure because of uncertainties surrounding economic conditions, the ability and propensity of mortgage loan holders to present and resolve valid claims, governmental actions, mortgage industry activity and litigation, court decisions affecting WMC's defenses, and pending and threatened litigation and indemnification demands against WMC. | |||||||||||||
WMC revenues and other income (loss) from discontinued operations were $(13) million and $(117) million in the three months ended September 30, 2013 and 2012, respectively, and $(167) million and $(475) million in the nine months ended September 30, 2013 and 2012, respectively. WMC's losses from discontinued operations, net of taxes, were $11 million and $78 million in the three months ended September 30, 2013 and 2012, respectively, and $116 million and $314 million in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
Other Financial Services | |||||||||||||
In the first quarter of 2013, we announced the planned disposition of CLL Trailer Services and classified the business as discontinued operations. CLL Trailer Services revenues and other income (loss) from discontinued operations were $91 million and $95 million in the three months ended September 30, 2013 and 2012, respectively, and $274 million and $301 million in the nine months ended September 30, 2013 and 2012, respectively. CLL Trailer Services earnings (loss) from discontinued operations, net of taxes, were $(9) million and $5 million in the three months ended September 30, 2013 and 2012, respectively, and $(19) million (including a $118 million loss on disposal) and $24 million in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
In the first quarter of 2012, we announced the planned disposition of Consumer Ireland and classified the business as discontinued operations. We completed the sale in the third quarter of 2012 for proceeds of $227 million. Consumer Ireland revenues and other income (loss) from discontinued operations were an insignificant amount and $1 million in the three months ended September 30, 2013 and 2012, respectively, and an insignificant amount and $7 million in the nine months ended September 30, 2013 and 2012, respectively. Consumer Ireland earnings (loss) from discontinued operations, net of taxes, were $6 million and $(8) million in the three months ended September 30, 2013 and 2012, respectively, and $7 million and $(194) million (including a $121 million loss on disposal) in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||
GE Industrial | |||||||||||||
GE industrial earnings (loss) from discontinued operations, net of taxes, were $1 million and $148 million in the three months ended September 30, 2013 and 2012, respectively, and an insignificant amount and $148 million in the nine months ended September 30, 2013 and 2012, respectively. During the third quarter of 2012, we resolved with the Internal Revenue Service the tax treatment of the 2007 disposition of our Plastics business, resulting in a tax benefit of $148 million. The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECC earnings (loss) from discontinued operations, net of taxes, is reported as GE earnings (loss) from discontinued operations, net of taxes, on the Condensed Statement of Earnings. |
Investment_Securities
Investment Securities | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||||||
3. INVESTMENT SECURITIES | ||||||||||||||||||||||||
Substantially all of our investment securities are classified as available-for-sale. These comprise mainly investment grade debt securities supporting obligations to annuitants, policyholders and holders of guaranteed investment contracts (GICs) in our run-off insurance operations and Trinity, and investments held in our Commercial Lending and Leasing (CLL) business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries. We do not have any securities classified as held-to-maturity. | ||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||
Gross | Gross | Gross | Gross | |||||||||||||||||||||
Amortized | unrealized | unrealized | Estimated | Amortized | unrealized | unrealized | Estimated | |||||||||||||||||
(In millions) | cost | gains | losses | fair value | cost | gains | losses | fair value | ||||||||||||||||
GE | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | $ | 22 | $ | 10 | $ | - | $ | 32 | $ | 39 | $ | - | $ | - | $ | 39 | ||||||||
Corporate – non-U.S. | 13 | 1 | - | 14 | 6 | - | - | 6 | ||||||||||||||||
Equity | ||||||||||||||||||||||||
Available-for-sale | 37 | 3 | - | 40 | 26 | - | - | 26 | ||||||||||||||||
Trading | 10 | - | - | 10 | 3 | - | - | 3 | ||||||||||||||||
82 | 14 | - | 96 | 74 | - | - | 74 | |||||||||||||||||
GECC | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | 20,050 | 2,516 | -209 | 22,357 | 20,233 | 4,201 | -302 | 24,132 | ||||||||||||||||
State and municipal | 4,187 | 246 | -189 | 4,244 | 4,084 | 575 | -113 | 4,546 | ||||||||||||||||
Residential mortgage- | ||||||||||||||||||||||||
backed(a) | 1,944 | 146 | -59 | 2,031 | 2,198 | 183 | -119 | 2,262 | ||||||||||||||||
Commercial mortgage-backed | 2,919 | 194 | -88 | 3,025 | 2,930 | 259 | -95 | 3,094 | ||||||||||||||||
Asset-backed | 6,533 | 8 | -62 | 6,479 | 5,784 | 31 | -77 | 5,738 | ||||||||||||||||
Corporate – non-U.S. | 1,893 | 101 | -96 | 1,898 | 2,391 | 150 | -126 | 2,415 | ||||||||||||||||
Government – non-U.S. | 2,370 | 86 | -7 | 2,449 | 1,617 | 149 | -3 | 1,763 | ||||||||||||||||
U.S. government and federal | ||||||||||||||||||||||||
agency | 839 | 52 | -40 | 851 | 3,462 | 103 | - | 3,565 | ||||||||||||||||
Retained interests | 67 | 11 | - | 78 | 76 | 7 | - | 83 | ||||||||||||||||
Equity | ||||||||||||||||||||||||
Available-for-sale | 208 | 46 | -3 | 251 | 513 | 86 | -3 | 596 | ||||||||||||||||
Trading | 142 | - | - | 142 | 245 | - | - | 245 | ||||||||||||||||
41,152 | 3,406 | -753 | 43,805 | 43,533 | 5,744 | -838 | 48,439 | |||||||||||||||||
Eliminations | -4 | - | - | -4 | -3 | - | - | -3 | ||||||||||||||||
Total | $ | 41,230 | $ | 3,420 | $ | -753 | $ | 43,897 | $ | 43,604 | $ | 5,744 | $ | -838 | $ | 48,510 | ||||||||
(a) Substantially collateralized by U.S. mortgages. Of our total RMBS portfolio at September 30, 2013, $1,286 million relates to securities issued by government-sponsored entities and $745 million relates to securities of private label issuers. Securities issued by private label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions. | ||||||||||||||||||||||||
The fair value of investment securities decreased to $43,897 million at September 30, 2013, from $48,510 million at December 31, 2012, primarily due to the sale of U.S. government and federal agency securities at our treasury operations and the impact of higher interest rates. | ||||||||||||||||||||||||
The following tables present the estimated fair values and gross unrealized losses of our available-for-sale investment securities. | ||||||||||||||||||||||||
In loss position for | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | |||||||||||||||||||||||
Gross | Gross | |||||||||||||||||||||||
Estimated | unrealized | Estimated | unrealized | |||||||||||||||||||||
(In millions) | fair value | losses | (a) | fair value | losses | (a) | ||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | $ | 2,120 | $ | -134 | $ | 416 | $ | -75 | ||||||||||||||||
State and municipal | 996 | -84 | 313 | -105 | ||||||||||||||||||||
Residential mortgage-backed | 237 | -9 | 511 | -50 | ||||||||||||||||||||
Commercial mortgage-backed | 292 | -26 | 773 | -62 | ||||||||||||||||||||
Asset-backed | 5,950 | -13 | 404 | -49 | ||||||||||||||||||||
Corporate – non-U.S. | 140 | -1 | 495 | -95 | ||||||||||||||||||||
Government – non-U.S. | 1,474 | -6 | 40 | -1 | ||||||||||||||||||||
U.S. government and federal agency | 444 | -40 | - | - | ||||||||||||||||||||
Retained interests | 9 | - | - | - | ||||||||||||||||||||
Equity | 17 | -3 | - | - | ||||||||||||||||||||
Total | $ | 11,679 | $ | -316 | $ | 2,952 | $ | -437 | ||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | $ | 434 | $ | -7 | $ | 813 | $ | -295 | ||||||||||||||||
State and municipal | 146 | -2 | 326 | -111 | ||||||||||||||||||||
Residential mortgage-backed | 98 | -1 | 691 | -118 | ||||||||||||||||||||
Commercial mortgage-backed | 37 | - | 979 | -95 | ||||||||||||||||||||
Asset-backed | 18 | -1 | 658 | -76 | ||||||||||||||||||||
Corporate – non-U.S. | 167 | -8 | 602 | -118 | ||||||||||||||||||||
Government – non-U.S. | 201 | -1 | 37 | -2 | ||||||||||||||||||||
U.S. government and federal agency | - | - | - | - | ||||||||||||||||||||
Retained interests | 3 | - | - | - | ||||||||||||||||||||
Equity | 26 | -3 | - | - | ||||||||||||||||||||
Total | $ | 1,130 | $ | -23 | $ | 4,106 | $ | -815 | ||||||||||||||||
Includes gross unrealized losses at September 30, 2013 of $(131) million related to securities that had other-than-temporary impairments previously recognized. | ||||||||||||||||||||||||
We regularly review investment securities for impairment using both qualitative and quantitative criteria. We presently do not intend to sell the vast majority of our debt securities that are in an unrealized loss position and believe that it is not more likely than not that we will be required to sell these securities before recovery of our amortized cost. We believe that the unrealized loss associated with our equity securities will be recovered within the foreseeable future. The methodologies and significant inputs used to measure the amount of credit loss for our investment securities during the nine months ended September 30, 2013 have not changed from those described in Note 3 in our 2012 consolidated financial statements. | ||||||||||||||||||||||||
During the three months ended September 30, 2013, we recognized pre-tax, other-than-temporary impairments of $62 million, of which $56 million was recorded through earnings ($13 million relates to equity securities), and $6 million was recorded in accumulated other comprehensive income (loss) (AOCI). At July 1, 2013, cumulative impairments recognized in earnings associated with debt securities still held were $945 million. During the three months ended September 30, 2013, we recognized no first-time impairments and incremental charges on previously impaired securities of $42 million. Of these cumulative amounts recognized through September 30, 2013, $52 million related to securities that were subsequently sold before the end of the third quarter of 2013. | ||||||||||||||||||||||||
During the three months ended September 30, 2012, we recognized pre-tax, other-than-temporary impairments of $25 million, all of which was recorded through earnings. At July 1, 2012, cumulative impairments recognized in earnings associated with debt securities still held were $578 million. During the three months ended September 30, 2012, we recognized no first-time impairments and incremental charges on previously impaired securities of $13 million. Of these cumulative amounts recognized through September 30, 2012, $39 million related to securities that were subsequently sold before the end of the third quarter of 2012. | ||||||||||||||||||||||||
During the nine months ended September 30, 2013, we recognized pre-tax, other-than-temporary impairments of $523 million, of which $487 million was recorded through earnings ($14 million relates to equity securities), and $36 million was recorded in AOCI. At January 1, 2013, cumulative impairments recognized in earnings associated with debt securities still held were $588 million. During the nine months ended September 30, 2013, we recognized first-time impairments of $385 million and incremental charges on previously impaired securities of $61 million. Of these cumulative amounts recognized through September 30, 2013, $99 million related to securities that were subsequently sold before the end of the third quarter of 2013. | ||||||||||||||||||||||||
During the nine months ended September 30, 2012, we recognized pre-tax, other-than-temporary impairments of $90 million, of which $89 million was recorded through earnings ($24 million relates to equity securities) and $1 million was recorded in AOCI. At January 1, 2012, cumulative impairments recognized in earnings associated with debt securities still held were $726 million. During the nine months ended September 30, 2012, we recognized first-time impairments of $10 million and incremental charges on previously impaired securities of $25 million. Of these cumulative amounts recognized through September 30, 2012, $209 million related to securities that were subsequently sold before the end of the third quarter of 2012. | ||||||||||||||||||||||||
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage-Backed and Asset-Backed Securities) | ||||||||||||||||||||||||
Amortized | Estimated | |||||||||||||||||||||||
(In millions) | cost | fair value | ||||||||||||||||||||||
Due | ||||||||||||||||||||||||
Within one year | $ | 2,784 | $ | 2,800 | ||||||||||||||||||||
After one year through five years | 3,502 | 3,720 | ||||||||||||||||||||||
After five years through ten years | 5,032 | 5,264 | ||||||||||||||||||||||
After ten years | 18,056 | 20,061 | ||||||||||||||||||||||
We expect actual maturities to differ from contractual maturities because borrowers have the right to call or prepay certain obligations. | ||||||||||||||||||||||||
Supplemental information about gross realized gains and losses on available-for-sale investment securities follows. | ||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
GE | ||||||||||||||||||||||||
Gains | $ | - | $ | - | $ | 1 | $ | - | ||||||||||||||||
Losses, including impairments | - | - | -20 | - | ||||||||||||||||||||
Net | - | - | -19 | - | ||||||||||||||||||||
GECC | ||||||||||||||||||||||||
Gains | 34 | 26 | 219 | 85 | ||||||||||||||||||||
Losses, including impairments | -60 | -55 | -477 | -159 | ||||||||||||||||||||
Net | -26 | -29 | -258 | -74 | ||||||||||||||||||||
Total | $ | -26 | $ | -29 | $ | -277 | $ | -74 | ||||||||||||||||
Although we generally do not have the intent to sell any specific securities at the end of the period, in the ordinary course of managing our investment securities portfolio, we may sell securities prior to their maturities for a variety of reasons, including diversification, credit quality, yield and liquidity requirements and the funding of claims and obligations to policyholders. In some of our bank subsidiaries, we maintain a certain level of purchases and sales volume principally of non-U.S. government debt securities. In these situations, fair value approximates carrying value for these securities. | ||||||||||||||||||||||||
Proceeds from investment securities sales and early redemptions by issuers totaled $2,890 million and $2,696 million in the three months ended September 30, 2013 and 2012, respectively, and $16,828 million and $9,200 million in the nine months ended September 30, 2013 and 2012, respectively, principally from the sale of Comcast guaranteed debt and short-term securities in our bank subsidiaries and treasury operations. | ||||||||||||||||||||||||
We recognized pre-tax gains (losses) on trading securities of $(2) million and $1 million in the three months ended September 30, 2013 and 2012, respectively, and $49 million and $37 million in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||
Inventories
Inventories | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Inventory, Net [Abstract] | ' | |||||
Inventories | ' | |||||
4. INVENTORIES | ||||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Raw materials and work in process | $ | 10,642 | $ | 9,295 | ||
Finished goods | 6,974 | 6,099 | ||||
Unbilled shipments | 678 | 378 | ||||
18,294 | 15,772 | |||||
Less revaluation to LIFO | -351 | -398 | ||||
Total | $ | 17,943 | $ | 15,374 |
GECC_Financing_Receivables_and
GECC Financing Receivables and Allowance For Losses On Financing Receivables | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||||
GECC Financing Receivables and Allowance For Losses On Financing Receivables | ' | |||||||||||||||||
5. GECC FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES | ||||||||||||||||||
At | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Loans, net of deferred income(a) | $ | 229,639 | $ | 241,465 | ||||||||||||||
Investment in financing leases, net of deferred income | 29,736 | 32,471 | ||||||||||||||||
259,375 | 273,936 | |||||||||||||||||
Less allowance for losses | -5,152 | -4,985 | ||||||||||||||||
Financing receivables – net(b) | $ | 254,223 | $ | 268,951 | ||||||||||||||
Deferred income was $1,963 million and $2,182 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
Financing receivables at September 30, 2013 and December 31, 2012 included $582 million and $750 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination. | ||||||||||||||||||
The following tables provide additional information about our financing receivables and related activity in the allowance for losses for our Commercial, Real Estate and Consumer portfolios. | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Commercial | ||||||||||||||||||
CLL | ||||||||||||||||||
Americas | $ | 69,240 | $ | 72,517 | ||||||||||||||
Europe(a) | 35,529 | 37,037 | ||||||||||||||||
Asia | 9,573 | 11,401 | ||||||||||||||||
Other(a) | 468 | 603 | ||||||||||||||||
Total CLL | 114,810 | 121,558 | ||||||||||||||||
Energy Financial Services | 4,367 | 4,851 | ||||||||||||||||
GE Capital Aviation Services (GECAS) | 9,642 | 10,915 | ||||||||||||||||
Other | 393 | 486 | ||||||||||||||||
Total Commercial | 129,212 | 137,810 | ||||||||||||||||
Real Estate | 18,966 | 20,946 | ||||||||||||||||
Consumer | ||||||||||||||||||
Non-U.S. residential mortgages | 31,142 | 33,451 | ||||||||||||||||
Non-U.S. installment and revolving credit | 17,305 | 18,546 | ||||||||||||||||
U.S. installment and revolving credit | 51,799 | 50,853 | ||||||||||||||||
Non-U.S. auto | 3,524 | 4,260 | ||||||||||||||||
Other | 7,427 | 8,070 | ||||||||||||||||
Total Consumer | 111,197 | 115,180 | ||||||||||||||||
Total financing receivables | 259,375 | 273,936 | ||||||||||||||||
Less allowance for losses | -5,152 | -4,985 | ||||||||||||||||
Total financing receivables – net | $ | 254,223 | $ | 268,951 | ||||||||||||||
During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. | ||||||||||||||||||
Allowance for Losses on Financing Receivables | ||||||||||||||||||
Balance at | Provision | Balance at | ||||||||||||||||
January 1, | charged to | Gross | September 30, | |||||||||||||||
(In millions) | 2013 | operations | Other | (a) | write-offs | (b) | Recoveries | (b) | 2013 | |||||||||
Commercial | ||||||||||||||||||
CLL | ||||||||||||||||||
Americas | $ | 490 | $ | 206 | $ | -1 | $ | -316 | $ | 91 | $ | 470 | ||||||
Europe | 445 | 205 | - | -369 | 61 | 342 | ||||||||||||
Asia | 80 | 60 | -9 | -65 | 9 | 75 | ||||||||||||
Other | 6 | -3 | - | -3 | - | - | ||||||||||||
Total CLL | 1,021 | 468 | -10 | -753 | 161 | 887 | ||||||||||||
Energy Financial | ||||||||||||||||||
Services | 9 | 2 | - | - | - | 11 | ||||||||||||
GECAS | 8 | 2 | - | - | - | 10 | ||||||||||||
Other | 3 | -1 | - | -2 | 2 | 2 | ||||||||||||
Total Commercial | 1,041 | 471 | -10 | -755 | 163 | 910 | ||||||||||||
Real Estate | 320 | -21 | -5 | -133 | 9 | 170 | ||||||||||||
Consumer | ||||||||||||||||||
Non-U.S. residential | ||||||||||||||||||
mortgages | 480 | 137 | -2 | -216 | 40 | 439 | ||||||||||||
Non-U.S. installment | ||||||||||||||||||
and revolving | ||||||||||||||||||
credit | 623 | 405 | -42 | -727 | 403 | 662 | ||||||||||||
U.S. installment and | ||||||||||||||||||
revolving credit | 2,282 | 2,198 | -50 | -2,118 | 409 | 2,721 | ||||||||||||
Non-U.S. auto | 67 | 51 | -11 | -96 | 56 | 67 | ||||||||||||
Other | 172 | 97 | 4 | -149 | 59 | 183 | ||||||||||||
Total Consumer | 3,624 | 2,888 | -101 | -3,306 | 967 | 4,072 | ||||||||||||
Total | $ | 4,985 | $ | 3,338 | $ | -116 | $ | -4,194 | $ | 1,139 | $ | 5,152 | ||||||
Other primarily included the effects of currency exchange. | ||||||||||||||||||
Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. | ||||||||||||||||||
Balance at | Provision | Balance at | ||||||||||||||||
January 1, | charged to | Gross | September 30, | |||||||||||||||
(In millions) | 2012 | operations | Other | (a) | write-offs | (b) | Recoveries | (b) | 2012 | |||||||||
Commercial | ||||||||||||||||||
CLL | ||||||||||||||||||
Americas | $ | 889 | $ | 67 | $ | -43 | $ | -423 | $ | 77 | $ | 567 | ||||||
Europe | 400 | 271 | -3 | -142 | 48 | 574 | ||||||||||||
Asia | 157 | 13 | -1 | -117 | 20 | 72 | ||||||||||||
Other | 4 | 9 | -1 | -10 | - | 2 | ||||||||||||
Total CLL | 1,450 | 360 | -48 | -692 | 145 | 1,215 | ||||||||||||
Energy Financial | ||||||||||||||||||
Services | 26 | 8 | - | -24 | 3 | 13 | ||||||||||||
GECAS | 17 | 7 | -1 | -11 | - | 12 | ||||||||||||
Other | 37 | 3 | -19 | -13 | 1 | 9 | ||||||||||||
Total Commercial | 1,530 | 378 | -68 | -740 | 149 | 1,249 | ||||||||||||
Real Estate | 1,089 | 101 | -7 | -455 | 8 | 736 | ||||||||||||
Consumer | ||||||||||||||||||
Non-U.S. residential | ||||||||||||||||||
mortgages | 546 | 66 | 5 | -213 | 63 | 467 | ||||||||||||
Non-U.S. installment | ||||||||||||||||||
and revolving credit | 717 | 270 | 22 | -798 | 443 | 654 | ||||||||||||
U.S. installment and | ||||||||||||||||||
revolving credit | 2,008 | 1,807 | -18 | -2,140 | 373 | 2,030 | ||||||||||||
Non-U.S. auto | 101 | 18 | -7 | -110 | 71 | 73 | ||||||||||||
Other | 199 | 88 | 15 | -193 | 62 | 171 | ||||||||||||
Total Consumer | 3,571 | 2,249 | 17 | -3,454 | 1,012 | 3,395 | ||||||||||||
Total | $ | 6,190 | $ | 2,728 | $ | -58 | $ | -4,649 | $ | 1,169 | $ | 5,380 | ||||||
Other primarily included transfers to held for sale and the effects of currency exchange. | ||||||||||||||||||
Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. | ||||||||||||||||||
See Note 17 for supplemental information about the credit quality of financing receivables and allowance for losses on financing receivables. | ||||||||||||||||||
Property_Plant_and_Equipment
Property, Plant and Equipment | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Property, Plant and Equipment [Abstract] | ' | |||||
Property, Plant and Equipment | ' | |||||
6. PROPERTY, PLANT AND EQUIPMENT | ||||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Original cost | $ | 115,873 | $ | 115,006 | ||
Less accumulated depreciation and amortization | -47,132 | -45,962 | ||||
Property, plant and equipment – net | $ | 68,741 | $ | 69,044 | ||
Consolidated depreciation and amortization related to property, plant and equipment was $2,578 million and $2,193 million in the three months ended September 30, 2013 and 2012, respectively, and $7,155 million and $6,699 million in the nine months ended September 30, 2013 and 2012, respectively. |
Goodwill_and_Other_Intangibles
Goodwill and Other Intangibles Assets | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||||||||
7. GOODWILL AND OTHER INTANGIBLE ASSETS | ||||||||||||||||||
At | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Goodwill | $ | 78,024 | $ | 73,175 | ||||||||||||||
Other intangible assets - net | ||||||||||||||||||
Intangible assets subject to amortization | $ | 14,074 | $ | 11,828 | ||||||||||||||
Indefinite-lived intangible assets(a) | 152 | 159 | ||||||||||||||||
Total | $ | 14,226 | $ | 11,987 | ||||||||||||||
(a) Indefinite-lived intangible assets principally comprised in-process research and development, trademarks and tradenames. | ||||||||||||||||||
Changes in goodwill balances follow. | ||||||||||||||||||
Dispositions, | ||||||||||||||||||
Balance at | currency | Balance at | ||||||||||||||||
January 1, | exchange | September 30, | ||||||||||||||||
(In millions) | 2013 | Acquisitions | and other | 2013 | ||||||||||||||
Power & Water | $ | 8,821 | $ | - | $ | -3 | $ | 8,818 | ||||||||||
Oil & Gas | 8,365 | 2,240 | -75 | 10,530 | ||||||||||||||
Energy Management | 4,610 | - | -27 | 4,583 | ||||||||||||||
Aviation | 5,975 | 3,058 | -40 | 8,993 | ||||||||||||||
Healthcare | 16,762 | 38 | -28 | 16,772 | ||||||||||||||
Transportation | 999 | - | 22 | 1,021 | ||||||||||||||
Home & Business Solutions | 611 | - | -4 | 607 | ||||||||||||||
GE Capital | 27,032 | 24 | -360 | 26,696 | ||||||||||||||
Corporate | - | 4 | - | 4 | ||||||||||||||
Total | $ | 73,175 | $ | 5,364 | $ | -515 | $ | 78,024 | ||||||||||
Goodwill balances increased $4,849 million during the nine months ended September 30, 2013, primarily as a result of the acquisition of the aerospace-parts business of Avio S.p.A. (Avio) at Aviation ($3,058 million) and Lufkin Industries Inc. (Lufkin) at Oil & Gas ($2,055 million) in the third quarter of 2013. In connection with the acquisition of Avio, we recorded a pre-tax acquisition-related charge of $96 million related to the effective settlement of Avio's pre-existing contractual relationships with GE. | ||||||||||||||||||
On March 27, 2012, we contributed a portion of our civil avionics systems business to a newly formed joint venture in exchange for 50% of the new entity. This resulted in the deconsolidation of our civil avionics business and the recording of the interest in the new joint venture at fair value. As a result, we recognized a pre-tax gain of $274 million ($152 million after-tax) in the first quarter of 2012. | ||||||||||||||||||
We test goodwill for impairment annually in the third quarter of each year using data as of July 1 of that year. The impairment test consists of two steps: in step one, the carrying value of the reporting unit is compared with its fair value; in step two, which is applied when the carrying value is more than its fair value, the amount of goodwill impairment, if any, is derived by deducting the fair value of the reporting unit's assets and liabilities from the fair value of its equity, and comparing that amount with the carrying amount of goodwill. We determined fair values for each of the reporting units using the market approach, when available and appropriate, or the income approach, or a combination of both. We assess the valuation methodology based upon the relevance and availability of the data at the time we perform the valuation. If multiple valuation methodologies are used, the results are weighted appropriately. | ||||||||||||||||||
Valuations using the market approach are derived from metrics of publicly traded companies or historically completed transactions of comparable businesses. The selection of comparable businesses is based on the markets in which the reporting units operate giving consideration to risk profiles, size, geography, and diversity of products and services. A market approach is limited to reporting units for which there are publicly traded companies that have the characteristics similar to our businesses. | ||||||||||||||||||
Under the income approach, fair value is determined based on the present value of estimated future cash flows, discounted at an appropriate risk-adjusted rate. We use our internal forecasts to estimate future cash flows and include an estimate of long-term future growth rates based on our most recent views of the long-term outlook for each business. Actual results may differ from those assumed in our forecasts. We derive our discount rates using a capital asset pricing model and analyzing published rates for industries relevant to our reporting units to estimate the cost of equity financing. We use discount rates that are commensurate with the risks and uncertainty inherent in the respective businesses and in our internally developed forecasts. Discount rates used in our reporting unit valuations ranged from 8.0% to 16.5%. | ||||||||||||||||||
During the third quarter of 2013, we performed our annual impairment test of goodwill for all of our reporting units. Based on the results of our step one testing, the fair values of each of the GE reporting units exceeded their carrying values; therefore, the second step of the impairment test was not required to be performed and no goodwill impairment was recognized. | ||||||||||||||||||
Our Real Estate reporting unit had a goodwill balance of $737 million at September 30, 2013. While the Real Estate reporting unit's book value was within the range of its fair value, we further substantiated our Real Estate goodwill balance by performing the second step analysis in which the implied fair value of goodwill exceeded its carrying value by approximately $3.7 billion. The estimated fair value of the Real Estate reporting unit is based on a number of assumptions about future business performance and investment, including loss estimates for the existing finance receivable and investment portfolio, new debt origination volume and margins, and the recent stabilization of the real estate market allowing for sales of real estate investments at normalized margins. Our assumed discount rate was 11.25% and was derived by applying a capital asset pricing model and corroborated using equity analyst research reports and implied cost of equity based on forecasted price to earnings per share multiples for similar companies. While we have seen stabilization in some markets, given the volatility and uncertainty in the current commercial real estate environment, there is uncertainty about a number of assumptions upon which the estimated fair value is based. Different loss estimates for the existing portfolio, changes in the new debt origination volume and margin assumptions, changes in the expected pace of the commercial real estate market recovery, or changes in the equity return expectation of market participants may result in changes in the estimated fair value of the Real Estate reporting unit. | ||||||||||||||||||
Estimating the fair value of reporting units requires the use of estimates and significant judgments that are based on a number of factors including actual operating results. It is reasonably possible that the judgments and estimates described above could change in future periods. | ||||||||||||||||||
Intangible Assets Subject to Amortization | ||||||||||||||||||
At | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Gross | Gross | |||||||||||||||||
carrying | Accumulated | carrying | Accumulated | |||||||||||||||
(In millions) | amount | amortization | Net | amount | amortization | Net | ||||||||||||
Customer-related | $ | 8,065 | $ | -2,321 | $ | 5,744 | $ | 6,978 | $ | -2,161 | $ | 4,817 | ||||||
Patents, licenses and trademarks | 6,452 | -2,777 | 3,675 | 6,172 | -2,595 | 3,577 | ||||||||||||
Capitalized software | 8,114 | -5,219 | 2,895 | 7,537 | -4,691 | 2,846 | ||||||||||||
Lease valuations | 731 | -510 | 221 | 1,163 | -792 | 371 | ||||||||||||
Present value of future profits(a) | 566 | -566 | - | 530 | -530 | - | ||||||||||||
All other | 1,983 | -444 | 1,539 | 636 | -419 | 217 | ||||||||||||
Total | $ | 25,911 | $ | -11,837 | $ | 14,074 | $ | 23,016 | $ | -11,188 | $ | 11,828 | ||||||
(a) Balances at September 30, 2013 and December 31, 2012 reflect adjustments of $327 million and $353 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized. | ||||||||||||||||||
Intangible assets subject to amortization increased $2,895 million in the nine months ended September 30, 2013, primarily as a result of the acquisition of Avio ($1,830 million, of which $1,226 million is included in All other) and Lufkin ($926 million). | ||||||||||||||||||
Consolidated amortization related to intangible assets subject to amortization was $429 million and $359 million in the three months ended September 30, 2013 and 2012, respectively, and $1,257 million and $1,079 million in the nine months ended September 30, 2013 and 2012, respectively. |
GECC_Borrowings_and_Bank_Depos
GECC Borrowings and Bank Deposits | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Debt Disclosure [Abstract] | ' | |||||
GECC Borrowings and Bank Deposits | ' | |||||
8. BORROWINGS AND BANK DEPOSITS | ||||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Short-term borrowings | ||||||
GE | ||||||
Commercial paper | $ | 300 | $ | 352 | ||
Payable to banks | 218 | 23 | ||||
Current portion of long-term borrowings | 73 | 5,068 | ||||
Other | 511 | 598 | ||||
Total GE short-term borrowings | 1,102 | 6,041 | ||||
GECC | ||||||
Commercial paper | ||||||
U.S. | 27,360 | 33,686 | ||||
Non-U.S. | 5,671 | 9,370 | ||||
Current portion of long-term borrowings(a)(b) | 38,065 | 44,264 | ||||
GE Interest Plus notes(c) | 8,482 | 8,189 | ||||
Other(b) | 252 | 431 | ||||
Total GECC short-term borrowings | 79,830 | 95,940 | ||||
Eliminations | -436 | -589 | ||||
Total short-term borrowings | $ | 80,496 | $ | 101,392 | ||
Long-term borrowings | ||||||
GE | ||||||
Senior notes | $ | 10,967 | $ | 10,963 | ||
Payable to banks, principally U.S. | 73 | 13 | ||||
Other | 453 | 452 | ||||
Total GE long-term borrowings | 11,493 | 11,428 | ||||
GECC | ||||||
Senior unsecured notes(a) | 191,118 | 199,646 | ||||
Subordinated notes(d) | 4,787 | 4,965 | ||||
Subordinated debentures(e) | 7,312 | 7,286 | ||||
Other(b) | 12,286 | 12,879 | ||||
Total GECC long-term borrowings | 215,503 | 224,776 | ||||
Eliminations | -124 | -120 | ||||
Total long-term borrowings | $ | 226,872 | $ | 236,084 | ||
Non-recourse borrowings of consolidated securitization entities(f) | $ | 29,966 | $ | 30,123 | ||
Bank deposits(g) | $ | 50,761 | $ | 46,461 | ||
Total borrowings and bank deposits | $ | 388,095 | $ | 414,060 | ||
(a) Included in total long-term borrowings were $526 million and $604 million of obligations to holders of GICs at September 30, 2013 and December 31, 2012, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things. | ||||||
(b) Included $9,855 million and $9,757 million of funding secured by real estate, aircraft and other collateral at September 30, 2013 and December 31, 2012, respectively, of which $3,808 million and $3,294 million is non-recourse to GECC at September 30, 2013 and December 31, 2012, respectively. | ||||||
(c) Entirely variable denomination floating-rate demand notes. | ||||||
(d) Included $300 million of subordinated notes guaranteed by GE at both September 30, 2013 and December 31, 2012. | ||||||
(e) Subordinated debentures receive rating agency equity credit and were hedged at issuance to the U.S. dollar equivalent of $7,725 million. | ||||||
(f) Included at September 30, 2013 and December 31, 2012, were $7,099 million and $7,707 million of current portion of long-term borrowings, respectively, and $22,867 million and $22,416 million of long-term borrowings, respectively. See Note 18. | ||||||
(g) Included $15,847 million and $16,157 million of deposits in non-U.S. banks at September 30, 2013 and December 31, 2012, respectively, and $16,557 million and $17,291 million of certificates of deposits with maturities greater than one year at September 30, 2013 and December 31, 2012, respectively. | ||||||
In the first quarter of 2013, we repaid $5,000 million of 5% GE senior unsecured notes. |
Postretirement_Benefit_Plans
Postretirement Benefit Plans | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||||||||
Postretirement Benefit Plans | ' | ||||||||||||
9. POSTRETIREMENT BENEFIT PLANS | |||||||||||||
We sponsor a number of pension and retiree health and life insurance benefit plans. Principal pension plans are the GE Pension Plan and the GE Supplementary Pension Plan. Principal retiree benefit plans provide health and life insurance benefits to certain eligible participants and these participants share in the cost of the healthcare benefits. Salaried employees who commence service on or after January 1, 2011 and any employee who commences service on or after January 1, 2012 are not eligible to participate in the GE Pension Plan, but will participate in a defined contribution retirement program. In 2012, we amended our principal retiree benefit plans such that, effective January 1, 2015, our post-65 retiree medical plans will be closed to salaried and retired salaried employees who are not enrolled in the plans as of that date, and we will no longer offer company-provided life insurance in retirement for certain salaried employees who retire after that date. Other pension plans include the U.S. and non-U.S. pension plans with pension assets or obligations greater than $50 million. Smaller pension plans and other retiree benefit plans are not material individually or in the aggregate. The effect on operations of the pension plans follows. | |||||||||||||
Principal Pension Plans | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Service cost for benefits earned | $ | 362 | $ | 356 | $ | 1,145 | $ | 1,044 | |||||
Prior service cost amortization | 62 | 70 | 185 | 210 | |||||||||
Expected return on plan assets | -875 | -939 | -2,625 | -2,830 | |||||||||
Interest cost on benefit obligation | 615 | 619 | 1,845 | 1,858 | |||||||||
Net actuarial loss amortization | 916 | 855 | 2,748 | 2,565 | |||||||||
Pension plans cost | $ | 1,080 | $ | 961 | $ | 3,298 | $ | 2,847 | |||||
Other Pension Plans | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Service cost for benefits earned | $ | 130 | $ | 98 | $ | 330 | $ | 292 | |||||
Prior service cost amortization | 2 | 1 | 6 | 3 | |||||||||
Expected return on plan assets | -170 | -155 | -496 | -467 | |||||||||
Interest cost on benefit obligation | 135 | 128 | 392 | 385 | |||||||||
Net actuarial loss amortization | 85 | 69 | 256 | 209 | |||||||||
Pension plans cost | $ | 182 | $ | 141 | $ | 488 | $ | 422 | |||||
The effect on operations of principal retiree health and life insurance plans follows. | |||||||||||||
Principal Retiree Health | |||||||||||||
and Life Insurance Plans | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Service cost for benefits earned | $ | 43 | $ | 58 | $ | 168 | $ | 168 | |||||
Prior service cost amortization | 98 | 126 | 294 | 418 | |||||||||
Expected return on plan assets | -15 | -19 | -45 | -56 | |||||||||
Interest cost on benefit obligation | 101 | 123 | 309 | 381 | |||||||||
Net actuarial loss (gain) amortization | -16 | 8 | -28 | 8 | |||||||||
Net curtailment / other gain | - | -39 | - | -39 | |||||||||
Retiree benefit plans cost | $ | 211 | $ | 257 | $ | 698 | $ | 880 |
Other_Liabilities
Other Liabilities | 9 Months Ended |
Sep. 30, 2013 | |
Other Liabilities [Abstract] | ' |
Other Liabilities | ' |
10. OTHER LIABILITIES | |
We are involved in numerous remediation actions to clean up hazardous wastes as required by federal and state laws. Liabilities for remediation costs exclude possible insurance recoveries and, when dates and amounts of such costs are not known, are not discounted. When there appears to be a range of possible costs with equal likelihood, liabilities are based on the low end of such range. It is reasonably possible that our environmental remediation exposure will exceed amounts accrued. However, due to uncertainties about the status of laws, regulations, technology and information related to individual sites, such amounts are not reasonably estimable. | |
Income_Taxes
Income Taxes | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Income Tax Disclosure [Abstract] | ' | |||||
Income Taxes | ' | |||||
11. INCOME TAXES | ||||||
The balance of “unrecognized tax benefits,” the amount of related interest and penalties we have provided and what we believe to be the range of reasonably possible changes in the next 12 months are: | ||||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Unrecognized tax benefits | $ | 5,933 | $ | 5,445 | ||
Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 4,462 | 4,032 | ||||
Accrued interest on unrecognized tax benefits | 1,038 | 961 | ||||
Accrued penalties on unrecognized tax benefits | 154 | 173 | ||||
Reasonably possible reduction to the balance of unrecognized tax benefits | ||||||
in succeeding 12 months | 0-1,400 | 0-800 | ||||
Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 0-800 | 0-700 | ||||
(a) Some portion of such reduction may be reported as discontinued operations. | ||||||
The Internal Revenue Service (IRS) is currently auditing our consolidated income tax returns for 2008-2009. In addition, certain other U.S. tax deficiency issues and refund claims for previous years were unresolved. The IRS has disallowed the tax loss on our 2003 disposition of ERC Life Reinsurance Corporation. We expect to contest the disallowance of this loss. It is reasonably possible that other unresolved items related to pre-2010 federal tax returns could be resolved during the next 12 months, which could result in a decrease in our balance of “unrecognized tax benefits” – that is, the aggregate tax effect of differences between tax return positions and the benefits recognized in our financial statements. We believe that there are no other jurisdictions in which the outcome of unresolved issues or claims is likely to be material to our results of operations, financial position or cash flows. We further believe that we have made adequate provision for all income tax uncertainties. | ||||||
GE and GECC file a consolidated U.S. federal income tax return. This enables GE to use GECC tax deductions and credits to reduce the tax that otherwise would have been payable by GE. The GECC effective tax rate for each period reflects the benefit of these tax reductions in the consolidated return. GE makes cash payments to GECC for these tax reductions at the time GE's tax payments are due. The effect of GECC on the amount of the consolidated tax liability from the 2011 formation of the NBCU joint venture will be settled in cash no later than when GECC tax deductions and credits otherwise would have reduced the liability of the group absent the tax on formation. |
Shareowners_Equity
Shareowners' Equity | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||
Shareowners' Equity | ' | |||||||||||||
12. SHAREOWNERS' EQUITY | ||||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||
Investment securities | ||||||||||||||
Beginning balance | $ | 146 | $ | 472 | $ | 677 | $ | -30 | ||||||
Other comprehensive income (loss) (OCI) before reclassifications – | ||||||||||||||
net of deferred taxes of $67, $68, $(302) and $331 | 155 | 104 | -515 | 575 | ||||||||||
Reclassifications from OCI – net of deferred taxes | ||||||||||||||
of $11, $10, $124 and $28 | 15 | 18 | 153 | 45 | ||||||||||
Other comprehensive income (loss)(a) | 170 | 122 | -362 | 620 | ||||||||||
Less: OCI attributable to noncontrolling interests | 1 | 2 | - | -2 | ||||||||||
Balance at September 30 | $ | 315 | $ | 592 | $ | 315 | $ | 592 | ||||||
Currency translation adjustments (CTA) | ||||||||||||||
Beginning balance | $ | 358 | $ | -861 | $ | 412 | $ | 133 | ||||||
OCI before reclassifications – | ||||||||||||||
net of deferred taxes of $(12), $(193), $(326) and $(207) | -327 | 1,416 | -313 | 429 | ||||||||||
Reclassifications from OCI – net of deferred taxes | ||||||||||||||
of $7, $72, $85 and $67 | -56 | -120 | -156 | -123 | ||||||||||
Other comprehensive income (loss)(a) | -383 | 1,296 | -469 | 306 | ||||||||||
Less: OCI attributable to noncontrolling interests | 11 | 5 | -21 | 9 | ||||||||||
Balance at September 30 | $ | -36 | $ | 430 | $ | -36 | $ | 430 | ||||||
Cash flow hedges | ||||||||||||||
Beginning balance | $ | -430 | $ | -1,031 | $ | -722 | $ | -1,176 | ||||||
OCI before reclassifications – | ||||||||||||||
net of deferred taxes of $43, $285, $144 and $323 | 63 | -39 | 271 | 88 | ||||||||||
Reclassifications from OCI – net of deferred taxes | ||||||||||||||
of $(20), $(188), $(85) and $(208) | -5 | 104 | 80 | 122 | ||||||||||
Other comprehensive income (loss)(a) | 58 | 65 | 351 | 210 | ||||||||||
Less: OCI attributable to noncontrolling interests | -2 | -1 | -1 | -1 | ||||||||||
Balance at September 30 | $ | -370 | $ | -965 | $ | -370 | $ | -965 | ||||||
Benefit plans | ||||||||||||||
Beginning balance | $ | -18,537 | $ | -21,303 | $ | -20,597 | $ | -22,901 | ||||||
Prior service credit (costs) - net of deferred taxes | ||||||||||||||
of $0, $447, $0 and $447 | - | 783 | - | 783 | ||||||||||
Net actuarial gain (loss) – net of deferred taxes | ||||||||||||||
of $(7), $(302), $295 and $(236) | 9 | -556 | 548 | -460 | ||||||||||
Net curtailment/settlement - net of deferred taxes | ||||||||||||||
of $0, $0, $0 and $0 | - | -39 | - | -39 | ||||||||||
Prior service cost amortization – net of deferred taxes | ||||||||||||||
of $68, $80, $201 and $256 | 100 | 121 | 298 | 389 | ||||||||||
Net actuarial gain (loss) amortization – net of deferred taxes | ||||||||||||||
of $334, $319, $1,008 and $949 | 656 | 615 | 1,980 | 1,847 | ||||||||||
Other comprehensive income (loss)(a) | 765 | 924 | 2,826 | 2,520 | ||||||||||
Less: OCI attributable to noncontrolling interests | - | -1 | 1 | -3 | ||||||||||
Balance at September 30 | $ | -17,772 | $ | -20,378 | $ | -17,772 | $ | -20,378 | ||||||
Accumulated other comprehensive income (loss) at | ||||||||||||||
30-Sep | $ | -17,863 | $ | -20,321 | $ | -17,863 | $ | -20,321 | ||||||
Total other comprehensive income (loss) was $610 million and $2,407 million for the three months ended September 30, 2013 and 2012, respectively, and $2,346 million and $3,656 million for the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||
Reclassification out of AOCI | ||||||||||||||
Components of AOCI | Three months ended September 30, | Nine months ended September 30, | Statement of Earnings Caption | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||
Available-for-sale securities | ||||||||||||||
Realized gains (losses) on | ||||||||||||||
sale/impairment of securities | $ | -26 | $ | -28 | $ | -277 | $ | -73 | Other income | |||||
11 | 10 | 124 | 28 | Tax (expense) or benefit | ||||||||||
$ | -15 | $ | -18 | $ | -153 | $ | -45 | Net of tax | ||||||
Currency translation adjustments | ||||||||||||||
Gains (losses) on dispositions | $ | 49 | $ | 48 | $ | 71 | $ | 56 | Costs and expenses | |||||
7 | 72 | 85 | 67 | Tax (expense) or benefit | ||||||||||
$ | 56 | $ | 120 | $ | 156 | $ | 123 | Net of tax | ||||||
Cash flow hedges | ||||||||||||||
Gains (losses) on interest rate derivatives | $ | -88 | $ | -118 | $ | -282 | $ | -384 | Interest and other financial charges | |||||
Foreign exchange contracts | 62 | 245 | 168 | 580 | (a) | |||||||||
Other | 51 | -43 | 119 | -110 | (b) | |||||||||
25 | 84 | 5 | 86 | Total before tax | ||||||||||
-20 | -188 | -85 | -208 | Tax (expense) or benefit | ||||||||||
$ | 5 | $ | -104 | $ | -80 | $ | -122 | Net of tax | ||||||
Benefit plan items | ||||||||||||||
Amortization of prior service costs | $ | -168 | $ | -201 | $ | -499 | $ | -645 | (c) | |||||
Amortization of actuarial gains (losses) | -990 | -934 | -2,988 | -2,796 | (c) | |||||||||
-1,158 | -1,135 | -3,487 | -3,441 | Total before tax | ||||||||||
402 | 399 | 1,209 | 1,205 | Tax (expense) or benefit | ||||||||||
$ | -756 | $ | -736 | $ | -2,278 | $ | -2,236 | Net of tax | ||||||
Total reclassification adjustments | $ | -710 | $ | -738 | $ | -2,355 | $ | -2,280 | Net of tax | |||||
Includes $73 million and $268 million in GECC revenues from services and $(11) million and $(23) million in interest and other financial charges for the three months ended September 30, 2013 and 2012, respectively, and $210 million and $673 million in GECC revenues from services and $(42) million and $(93) million in interest and other financial charges for the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||
Primarily included in costs and expenses. | ||||||||||||||
Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 9 for further information. | ||||||||||||||
Noncontrolling Interests | ||||||||||||||
A summary of changes to noncontrolling interests follows | ||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||
Beginning balance | $ | 6,302 | $ | 3,780 | $ | 5,444 | $ | 1,696 | ||||||
Net earnings (loss) | -10 | 17 | 140 | 88 | ||||||||||
GECC issuance of preferred stock | - | 1,733 | 990 | 3,960 | ||||||||||
GECC preferred stock dividend | - | - | -135 | - | ||||||||||
Dividends | -9 | -21 | -72 | -35 | ||||||||||
Dispositions | -15 | - | -119 | - | ||||||||||
AOCI and other | 85 | -45 | 105 | -245 | ||||||||||
Ending balance | $ | 6,353 | $ | 5,464 | $ | 6,353 | $ | 5,464 | ||||||
During the second quarter of 2013, GECC issued 10,000 shares of non-cumulative perpetual preferred stock with a $0.01 par value for proceeds of $990 million. The preferred shares bear an initial fixed interest rate of 5.25% through June 15, 2023, bear a floating rate equal to three-month LIBOR plus 2.967% thereafter and are callable on June 15, 2023. Dividends on the GECC preferred stock are payable semi-annually, in June and December, with the first payment on this issuance beginning in December 2013. | ||||||||||||||
During 2012, GECC issued 40,000 shares of non-cumulative perpetual preferred stock with a $0.01 par value for proceeds of $3,960 million. Of these shares, 22,500 bear an initial fixed interest rate of 7.125% through June 12, 2022, bear a floating rate equal to three-month LIBOR plus 5.296% thereafter and are callable on June 15, 2022 and 17,500 shares bear an initial fixed interest rate of 6.25% through December 15, 2022, bear a floating rate equal to three-month LIBOR plus 4.704% thereafter and are callable on December 15, 2022. Dividends on the GECC preferred stock are payable semi-annually, in June and December, with the first payment on these issuances made in December 2012. | ||||||||||||||
GECC preferred stock is presented as noncontrolling interests in the GE consolidated statement of financial position. | ||||||||||||||
GECC paid dividends of $500 million and $471 million and special dividends of $1,500 million and $1,975 million to GE in the three months ended September 30, 2013 and 2012, respectively. GECC paid dividends of $947 million and $946 million and special dividends of $3,000 million and $4,500 million to GE in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||
On October 16, 2013, Berkshire Hathaway Inc. (Berkshire Hathaway) exercised in full their warrants to purchase shares of GE common stock and on October 17, 2013, GE delivered 10.7 million shares to Berkshire Hathaway. The total number of shares issued was based on the amount by which the average market price of GE common stock over the 20 trading days preceding the date of exercise exceeded the exercise price of $22.25. | ||||||||||||||
GECC_Revenues_From_Services
GECC Revenues From Services | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Financial Services Revenue [Abstract] | ' | ||||||||||||
GECC Revenues From Services | ' | ||||||||||||
13. GECC REVENUES FROM SERVICES | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Interest on loans | $ | 4,585 | $ | 4,708 | $ | 13,608 | $ | 14,328 | |||||
Equipment leased to others | 2,435 | 2,531 | 7,397 | 7,720 | |||||||||
Fees | 1,199 | 1,173 | 3,499 | 3,493 | |||||||||
Investment income(a) | 514 | 636 | 1,502 | 1,971 | |||||||||
Financing leases | 395 | 392 | 1,220 | 1,455 | |||||||||
Associated companies | 406 | 451 | 852 | 1,146 | |||||||||
Premiums earned by insurance activities | 403 | 433 | 1,208 | 1,294 | |||||||||
Real estate investments(b) | 331 | 464 | 2,139 | 1,202 | |||||||||
Other items(a) | 369 | 452 | 1,670 | 1,269 | |||||||||
10,637 | 11,240 | 33,095 | 33,878 | ||||||||||
Eliminations | -427 | -312 | -1,160 | -953 | |||||||||
Total | $ | 10,210 | $ | 10,928 | $ | 31,935 | $ | 32,925 | |||||
Included net other-than-temporary impairments on investment securities of $56 million and $25 million in the three months ended September 30, 2013 and 2012, respectively, and $467 million and $89 million in the nine months ended September 30, 2013 and 2012, respectively, of which $96 million related to the impairment of an investment in a Brazilian company that was fully offset by the benefit of a guarantee provided by GE reflected as a component in other items for both the three and nine months ended September 30, 2013. | |||||||||||||
During the nine months ended September 30, 2013, we sold real estate comprising certain floors located at 30 Rockefeller Center, New York for a pre-tax gain of $902 million. | |||||||||||||
Earnings_Per_Share_Information
Earnings Per Share Information | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Earnings Per Share Information | ' | |||||||||||
14. EARNINGS PER SHARE INFORMATION | ||||||||||||
GE's authorized common stock consists of 13,200,000,000 shares having a par value of $0.06 each. Information related to the calculation of earnings per share follows. | ||||||||||||
Three months ended September 30, | ||||||||||||
2013 | 2012 | |||||||||||
(In millions; per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | ||||||||
Amounts attributable to the Company: | ||||||||||||
Consolidated | ||||||||||||
Earnings from continuing operations attributable to | ||||||||||||
common shareowners for per-share calculation(a)(b) | $ | 3,259 | $ | 3,269 | $ | 3,445 | $ | 3,445 | ||||
Earnings (loss) from discontinued operations | ||||||||||||
for per-share calculation(a) | -92 | -82 | 41 | 41 | ||||||||
Net earnings attributable to GE common | ||||||||||||
shareowners for per-share calculation(a) | $ | 3,177 | $ | 3,187 | $ | 3,486 | $ | 3,486 | ||||
Average equivalent shares | ||||||||||||
Shares of GE common stock outstanding | 10,151 | 10,151 | 10,523 | 10,523 | ||||||||
Employee compensation-related shares (including | ||||||||||||
stock options) and warrants | 72 | - | 45 | - | ||||||||
Total average equivalent shares | 10,223 | 10,151 | 10,568 | 10,523 | ||||||||
Per-share amounts | ||||||||||||
Earnings from continuing operations | $ | 0.32 | $ | 0.32 | $ | 0.33 | $ | 0.33 | ||||
Earnings (loss) from discontinued operations | -0.01 | -0.01 | - | - | ||||||||
Net earnings | 0.31 | 0.31 | 0.33 | 0.33 | ||||||||
Included an insignificant amount of dividend equivalents in each of the periods presented. | ||||||||||||
(b) Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the three months ended September 30, 2013. | ||||||||||||
Nine months ended September 30, | ||||||||||||
2013 | 2012 | |||||||||||
(In millions; per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | ||||||||
Amounts attributable to the Company: | ||||||||||||
Consolidated | ||||||||||||
Earnings from continuing operations attributable to | ||||||||||||
common shareowners for per-share calculation(a)(b) | $ | 10,150 | $ | 10,150 | $ | 10,325 | $ | 10,325 | ||||
Earnings (loss) from discontinued operations | ||||||||||||
for per-share calculation(a) | -312 | -312 | -707 | -707 | ||||||||
Net earnings attributable to GE common | ||||||||||||
shareowners for per-share calculation(a) | $ | 9,838 | $ | 9,838 | $ | 9,617 | $ | 9,617 | ||||
Average equivalent shares | ||||||||||||
Shares of GE common stock outstanding | 10,262 | 10,262 | 10,552 | 10,552 | ||||||||
Employee compensation-related shares (including | ||||||||||||
stock options) and warrants | 65 | - | 38 | - | ||||||||
Total average equivalent shares | 10,328 | 10,262 | 10,590 | 10,552 | ||||||||
Per-share amounts | ||||||||||||
Earnings from continuing operations | $ | 0.98 | $ | 0.99 | $ | 0.98 | $ | 0.98 | ||||
Earnings (loss) from discontinued operations | -0.03 | -0.03 | -0.07 | -0.07 | ||||||||
Net earnings | 0.95 | 0.96 | 0.91 | 0.91 | ||||||||
(a) Included an insignificant amount of dividend equivalents in each of the periods presented. | ||||||||||||
(b) Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the nine months ended September 30, 2013. | ||||||||||||
For the three and nine months ended September 30, 2013 and 2012, there were approximately 78 million and 134 million, respectively, and 273 million and 290 million, respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their effect was antidilutive. | ||||||||||||
Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
Fair Value Measurements | ' | |||||||||||||||||||||||||||||||
15. FAIR VALUE MEASUREMENTS | ||||||||||||||||||||||||||||||||
For a description of how we estimate fair value, see Note 1 in our 2012 consolidated financial statements. | ||||||||||||||||||||||||||||||||
The following tables present our assets and liabilities measured at fair value on a recurring basis. Included in the tables are investment securities primarily supporting obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of GICs in Trinity (which ceased issuing new investment contracts beginning in the first quarter of 2010), investment securities held at our treasury operations and investments held in our CLL business collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries. Such securities are mainly investment grade. | ||||||||||||||||||||||||||||||||
Netting | ||||||||||||||||||||||||||||||||
(In millions) | Level 1 | (a) | Level 2 | (a) | Level 3 | adjustment | (b) | Net balance | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | - | $ | 19,091 | $ | 3,298 | $ | - | $ | 22,389 | ||||||||||||||||||||||
State and municipal | - | 4,150 | 94 | - | 4,244 | |||||||||||||||||||||||||||
Residential mortgage-backed | - | 1,943 | 88 | - | 2,031 | |||||||||||||||||||||||||||
Commercial mortgage-backed | - | 3,011 | 14 | - | 3,025 | |||||||||||||||||||||||||||
Asset-backed(c) | - | 541 | 5,938 | - | 6,479 | |||||||||||||||||||||||||||
Corporate – non-U.S. | 63 | 796 | 1,053 | - | 1,912 | |||||||||||||||||||||||||||
Government – non-U.S. | 1,613 | 803 | 33 | - | 2,449 | |||||||||||||||||||||||||||
U.S. government and federal agency | - | 639 | 212 | - | 851 | |||||||||||||||||||||||||||
Retained interests | - | - | 78 | - | 78 | |||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 245 | 31 | 11 | - | 287 | |||||||||||||||||||||||||||
Trading | 150 | 2 | - | - | 152 | |||||||||||||||||||||||||||
Derivatives(d) | - | 7,157 | 185 | -5,875 | 1,467 | |||||||||||||||||||||||||||
Other(e) | - | - | 718 | - | 718 | |||||||||||||||||||||||||||
Total | $ | 2,071 | $ | 38,164 | $ | 11,722 | $ | -5,875 | $ | 46,082 | ||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivatives | $ | - | $ | 5,198 | $ | 22 | $ | -4,437 | $ | 783 | ||||||||||||||||||||||
Other(f) | - | 1,036 | - | - | 1,036 | |||||||||||||||||||||||||||
Total | $ | - | $ | 6,234 | $ | 22 | $ | -4,437 | $ | 1,819 | ||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | - | $ | 20,580 | $ | 3,591 | $ | - | $ | 24,171 | ||||||||||||||||||||||
State and municipal | - | 4,469 | 77 | - | 4,546 | |||||||||||||||||||||||||||
Residential mortgage-backed | - | 2,162 | 100 | - | 2,262 | |||||||||||||||||||||||||||
Commercial mortgage-backed | - | 3,088 | 6 | - | 3,094 | |||||||||||||||||||||||||||
Asset-backed(c) | - | 715 | 5,023 | - | 5,738 | |||||||||||||||||||||||||||
Corporate – non-U.S. | 71 | 1,132 | 1,218 | - | 2,421 | |||||||||||||||||||||||||||
Government – non-U.S. | 702 | 1,019 | 42 | - | 1,763 | |||||||||||||||||||||||||||
U.S. government and federal agency | - | 3,288 | 277 | - | 3,565 | |||||||||||||||||||||||||||
Retained interests | - | - | 83 | - | 83 | |||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 590 | 16 | 13 | - | 619 | |||||||||||||||||||||||||||
Trading | 248 | - | - | - | 248 | |||||||||||||||||||||||||||
Derivatives(d) | - | 11,432 | 434 | -7,926 | 3,940 | |||||||||||||||||||||||||||
Other(e) | 35 | - | 799 | - | 834 | |||||||||||||||||||||||||||
Total | $ | 1,646 | $ | 47,901 | $ | 11,663 | $ | -7,926 | $ | 53,284 | ||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivatives | $ | - | $ | 3,434 | $ | 20 | $ | -3,177 | $ | 277 | ||||||||||||||||||||||
Other(f) | - | 908 | - | - | 908 | |||||||||||||||||||||||||||
Total | $ | - | $ | 4,342 | $ | 20 | $ | -3,177 | $ | 1,185 | ||||||||||||||||||||||
(a) The fair value of securities transferred between Level 1 and Level 2 was $2 million in the nine months ended September 30, 2013. | ||||||||||||||||||||||||||||||||
(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists. | ||||||||||||||||||||||||||||||||
(c) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries. | ||||||||||||||||||||||||||||||||
(d) The fair value of derivatives included an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $(6) million and $(15) million at September 30, 2013 and December 31, 2012, respectively. See Note 16 for additional information on the composition of our derivative portfolio. | ||||||||||||||||||||||||||||||||
(e) Included private equity investments and loans designated under the fair value option. | ||||||||||||||||||||||||||||||||
(f) Primarily represented the liability associated with certain of our deferred incentive compensation plans. | ||||||||||||||||||||||||||||||||
The following tables present the changes in Level 3 instruments measured on a recurring basis for the three and nine months ended September 30, 2013 and 2012, respectively. The majority of our Level 3 balances consist of investment securities classified as available-for-sale with changes in fair value recorded in shareowners' equity. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||
(In millions) | change in | |||||||||||||||||||||||||||||||
Net realized/ | unrealized | |||||||||||||||||||||||||||||||
Net | unrealized | gains | ||||||||||||||||||||||||||||||
realized/ | gains (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
July 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2013 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2013 | 2013 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,229 | $ | 24 | $ | -32 | $ | 160 | $ | -34 | $ | -49 | $ | - | $ | - | $ | 3,298 | $ | - | ||||||||||||
State and municipal | 98 | - | -4 | 4 | - | -4 | - | - | 94 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 91 | - | -2 | - | - | -1 | - | - | 88 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | 5 | - | - | - | - | -1 | 10 | - | 14 | - | ||||||||||||||||||||||
Asset-backed | 5,346 | 1 | 36 | 569 | - | -14 | - | - | 5,938 | - | ||||||||||||||||||||||
Corporate – non-U.S. | 1,197 | -29 | -2 | 1,827 | - | -1,930 | - | -10 | 1,053 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 38 | 1 | -6 | - | - | - | - | - | 33 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 264 | - | -52 | - | - | - | - | - | 212 | - | ||||||||||||||||||||||
Retained interests | 93 | - | -11 | - | - | -4 | - | - | 78 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 10 | - | - | - | - | - | 1 | - | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 167 | 1 | 1 | -1 | - | 2 | 2 | -1 | 171 | 13 | ||||||||||||||||||||||
Other | 854 | 16 | -1 | 148 | -295 | - | - | -4 | 718 | -34 | ||||||||||||||||||||||
Total | $ | 11,392 | $ | 14 | $ | -73 | $ | 2,707 | $ | -329 | $ | -2,001 | $ | 13 | $ | -15 | $ | 11,708 | $ | -21 | ||||||||||||
(a) Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
(c) Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
(d) Represented derivative assets net of derivative liabilities and included cash accruals of $8 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||
(In millions) | change in | |||||||||||||||||||||||||||||||
Net realized/ | unrealized | |||||||||||||||||||||||||||||||
Net | unrealized | gains | ||||||||||||||||||||||||||||||
realized/ | gains (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
July 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2012 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2012 | 2012 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,372 | $ | 10 | $ | 32 | $ | 71 | $ | -34 | $ | -16 | $ | 144 | $ | - | $ | 3,579 | $ | - | ||||||||||||
State and municipal | 81 | - | 8 | 12 | - | -1 | 78 | -25 | 153 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 97 | - | -2 | 1 | - | - | 5 | -67 | 34 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | - | - | - | - | - | - | 6 | - | 6 | - | ||||||||||||||||||||||
Asset-backed | 4,304 | -3 | 90 | 483 | -58 | 5 | 4 | -6 | 4,819 | - | ||||||||||||||||||||||
Corporate – non-U.S. | 1,363 | -7 | 20 | 18 | -30 | -59 | - | -10 | 1,295 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 51 | - | 2 | - | - | -12 | - | - | 41 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 261 | - | 6 | - | - | - | - | - | 267 | - | ||||||||||||||||||||||
Retained interests | 31 | 1 | - | 3 | -3 | -3 | - | - | 29 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 14 | - | - | - | - | -1 | 1 | -3 | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 348 | 41 | - | -8 | 3 | -25 | - | -1 | 358 | 40 | ||||||||||||||||||||||
Other | 785 | -7 | 9 | 52 | -58 | - | - | - | 781 | -10 | ||||||||||||||||||||||
Total | $ | 10,707 | $ | 35 | $ | 165 | $ | 632 | $ | -180 | $ | -112 | $ | 238 | $ | -112 | $ | 11,373 | $ | 30 | ||||||||||||
Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
Represented derivative assets net of derivative liabilities and included cash accruals of $4 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Net | Net | |||||||||||||||||||||||||||||||
(In millions) | realized/ | change in | ||||||||||||||||||||||||||||||
unrealized | unrealized | |||||||||||||||||||||||||||||||
Net | gains | gains | ||||||||||||||||||||||||||||||
realized/ | (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
January 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2013 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2013 | 2013 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,591 | $ | -247 | $ | 184 | $ | 257 | $ | -383 | $ | -139 | $ | 108 | $ | -73 | $ | 3,298 | $ | - | ||||||||||||
State and municipal | 77 | - | -8 | 20 | - | -5 | 10 | - | 94 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 100 | - | -4 | - | -2 | -6 | - | - | 88 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | 6 | - | - | - | - | -2 | 10 | - | 14 | - | ||||||||||||||||||||||
Asset-backed | 5,023 | 3 | -32 | 1,479 | -1 | -539 | 12 | -7 | 5,938 | - | ||||||||||||||||||||||
Corporate | ||||||||||||||||||||||||||||||||
– non-U.S. | 1,218 | -112 | 18 | 4,637 | -3 | -4,672 | 21 | -54 | 1,053 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 42 | 1 | -10 | - | - | - | - | - | 33 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 277 | - | -65 | - | - | - | - | - | 212 | - | ||||||||||||||||||||||
Retained interests | 83 | 5 | 5 | 2 | - | -17 | - | - | 78 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 13 | - | - | - | - | - | - | -2 | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 416 | -52 | 2 | -2 | - | -221 | 28 | - | 171 | -30 | ||||||||||||||||||||||
Other | 799 | -81 | 3 | 352 | -351 | - | - | -4 | 718 | -121 | ||||||||||||||||||||||
Total | $ | 11,645 | $ | -483 | $ | 93 | $ | 6,745 | $ | -740 | $ | -5,601 | $ | 189 | $ | -140 | $ | 11,708 | $ | -151 | ||||||||||||
Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
Represented derivative assets net of derivative liabilities and included cash accruals of $8 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Net | Net | |||||||||||||||||||||||||||||||
(In millions) | realized/ | change in | ||||||||||||||||||||||||||||||
unrealized | unrealized | |||||||||||||||||||||||||||||||
Net | gains | gains | ||||||||||||||||||||||||||||||
realized/ | (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
January 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2012 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2012 | 2012 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,235 | $ | 69 | $ | -2 | $ | 203 | $ | -105 | $ | -63 | $ | 260 | $ | -18 | $ | 3,579 | $ | - | ||||||||||||
State and municipal | 77 | - | 11 | 13 | - | -1 | 78 | -25 | 153 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 41 | -3 | 1 | 1 | - | -3 | 74 | -77 | 34 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | 4 | - | - | - | -1 | - | 6 | -3 | 6 | - | ||||||||||||||||||||||
Asset-backed | 4,040 | - | 43 | 881 | -164 | 5 | 20 | -6 | 4,819 | - | ||||||||||||||||||||||
Corporate | ||||||||||||||||||||||||||||||||
– non-U.S. | 1,204 | -19 | 17 | 334 | -30 | -137 | 23 | -97 | 1,295 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 84 | -34 | 37 | 65 | -72 | -39 | - | - | 41 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 253 | - | 14 | - | - | - | - | - | 267 | - | ||||||||||||||||||||||
Retained interests | 35 | 1 | -8 | 12 | -6 | -5 | - | - | 29 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 17 | - | -2 | 3 | -4 | -1 | 1 | -3 | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 369 | 71 | -1 | 13 | - | -43 | -1 | -50 | 358 | 68 | ||||||||||||||||||||||
Other | 817 | 25 | -4 | 93 | -100 | - | - | -50 | 781 | 24 | ||||||||||||||||||||||
Total | $ | 10,176 | $ | 110 | $ | 106 | $ | 1,618 | $ | -482 | $ | -287 | $ | 461 | $ | -329 | $ | 11,373 | $ | 92 | ||||||||||||
Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
Represented derivative assets net of derivative liabilities and included cash accruals of $4 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Non-Recurring Fair Value Measurements | ||||||||||||||||||||||||||||||||
The following table represents non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis during the fiscal year and still held at September 30, 2013 and December 31, 2012. These assets can include loans and long-lived assets that have been reduced to fair value when they are held for sale, impaired loans that have been reduced based on the fair value of the underlying collateral, cost and equity method investments and long-lived assets that are written down to fair value when they are impaired and the remeasurement of retained investments in formerly consolidated subsidiaries upon a change in control that results in deconsolidation of a subsidiary, if we sell a controlling interest and retain a noncontrolling stake in the entity. Assets that are written down to fair value when impaired and retained investments are not subsequently adjusted to fair value unless further impairment occurs. | ||||||||||||||||||||||||||||||||
Remeasured during | Remeasured during | |||||||||||||||||||||||||||||||
the nine months ended | the year ended | |||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||
(In millions) | Level 2 | Level 3 | Level 2 | Level 3 | ||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | 148 | $ | 2,693 | $ | 366 | $ | 4,094 | ||||||||||||||||||||||||
Cost and equity method investments(a) | 1 | 954 | 8 | 313 | ||||||||||||||||||||||||||||
Long-lived assets, including real estate | 946 | 2,126 | 702 | 2,182 | ||||||||||||||||||||||||||||
Total | $ | 1,095 | $ | 5,773 | $ | 1,076 | $ | 6,589 | ||||||||||||||||||||||||
(a) Includes the fair value of private equity and real estate funds included in Level 3 of $72 million and $84 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||||||||||||||||
The following table represents the fair value adjustments to assets measured at fair value on a non-recurring basis and still held at September 30, 2013 and 2012. | ||||||||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | -107 | $ | -225 | $ | -257 | $ | -411 | ||||||||||||||||||||||||
Cost and equity method investments(a) | -45 | -50 | -276 | -105 | ||||||||||||||||||||||||||||
Long-lived assets, including real estate(b) | -366 | -451 | -855 | -650 | ||||||||||||||||||||||||||||
Total | $ | -518 | $ | -726 | $ | -1,388 | $ | -1,166 | ||||||||||||||||||||||||
(a) Includes fair value adjustments associated with private equity and real estate funds of $(4) million and $(1) million in the three months ended September 30, 2013 and 2012, respectively, and $(11) million and $(3) million in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
(b) Includes impairments related to real estate equity properties and investments recorded in other costs and expenses of $12 million and $71 million in the three months ended September 30, 2013 and 2012, respectively, and $226 million and $126 million in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
Level 3 Measurements | ||||||||||||||||||||||||||||||||
The following table presents information relating to the significant unobservable inputs of our Level 3 recurring and non-recurring measurements. | ||||||||||||||||||||||||||||||||
Fair value at | Range | |||||||||||||||||||||||||||||||
September 30, | Valuation | Unobservable | (weighted | |||||||||||||||||||||||||||||
(Dollars in millions) | 2013 | technique | inputs | average) | ||||||||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 1,249 | Income approach | Discount rate(a) | 1.5%-38.0% (14.6%) | |||||||||||||||||||||||||||
Asset-backed | 5,888 | Income approach | Discount rate(a) | 1.5%-10.5% (4.1%) | ||||||||||||||||||||||||||||
Corporate – non-U.S. | 747 | Income approach | Discount rate(a) | 0.8%-30.6% (14.0%) | ||||||||||||||||||||||||||||
Other financial assets | 579 | Income approach, Market comparables | Weighted average cost of capital | 8.9%-9.2% (9.2%) | ||||||||||||||||||||||||||||
EBITDA multiple | 5.6X-8.2X (5.8X) | |||||||||||||||||||||||||||||||
Discount rate(a) | 4.7%-5.5% (5.2%) | |||||||||||||||||||||||||||||||
Capitalization rate(b) | 6.3%-7.5% (7.2%) | |||||||||||||||||||||||||||||||
Non-recurring fair value measurements | ||||||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | 1,915 | Income approach, Business enterprise value | Capitalization rate(b) | 5.5%-16.7% (8.0%) | |||||||||||||||||||||||||||
EBITDA multiple | 4.3X-7.0X (5.8X) | |||||||||||||||||||||||||||||||
Cost and equity method investments | 387 | Income approach | Discount rate(a) | 11.5%-11.5% (11.5%) | ||||||||||||||||||||||||||||
Discount for lack | 5.7%-5.9% (5.8%) | |||||||||||||||||||||||||||||||
of marketability | ||||||||||||||||||||||||||||||||
Capitalization rate(b) | 8.5%-10.6% (10.2%) | |||||||||||||||||||||||||||||||
Long-lived assets, including real estate | 622 | Income approach | Capitalization rate(b) | 5.4%-14.5% (8.3%) | ||||||||||||||||||||||||||||
Fair value at | Range | |||||||||||||||||||||||||||||||
December 31, | Valuation | Unobservable | (weighted | |||||||||||||||||||||||||||||
2012 | technique | inputs | average) | |||||||||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 1,652 | Income approach | Discount rate(a) | 1.3%-29.9% (11.1%) | |||||||||||||||||||||||||||
Asset-backed | 4,977 | Income approach | Discount rate(a) | 2.1%-13.1% (3.8%) | ||||||||||||||||||||||||||||
Corporate – non-U.S. | 865 | Income approach | Discount rate(a) | 1.5%-25.0% (13.2%) | ||||||||||||||||||||||||||||
Other financial assets | 633 | Income approach, Market comparables | Weighted average cost of capital | 8.7%-10.2% (8.7%) | ||||||||||||||||||||||||||||
EBITDA multiple | 4.9X-10.6X (7.9X) | |||||||||||||||||||||||||||||||
Non-recurring fair value measurements | ||||||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | 2,835 | Income approach, Business enterprise value | Capitalization rate(b) | 3.8%-14.0% (8.0%) | |||||||||||||||||||||||||||
EBITDA multiple | 2.0X-6.0X (4.8X) | |||||||||||||||||||||||||||||||
Cost and equity method investments | 72 | Income approach | Capitalization rate(b) | 9.2%-12.8% (12.0%) | ||||||||||||||||||||||||||||
Long-lived assets, including real estate | 985 | Income approach | Capitalization rate(b) | 4.8%-14.6% (7.3%) | ||||||||||||||||||||||||||||
Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value. | ||||||||||||||||||||||||||||||||
Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property's capitalized value. An increase in the capitalization rate would result in a decrease in the fair value. | ||||||||||||||||||||||||||||||||
At September 30, 2013 and December 31, 2012, other Level 3 recurring fair value measurements of $2,894 million and $3,146 million, respectively, and non-recurring measurements of $2,447 million and $2,412 million, respectively, are valued using non-binding broker quotes or other third-party sources. For a description of our process to evaluate third-party pricing servicers, see Note 1 in our 2012 consolidated financial statements. At September 30, 2013 and December 31, 2012, other recurring fair value measurements of $343 million and $370 million, respectively, and non-recurring fair value measurements of $402 million and $285 million, respectively, were individually insignificant and utilize a number of different unobservable inputs not subject to meaningful aggregation. |
Financial_Instruments
Financial Instruments | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Financial Instruments [Abstract] | ' | |||||||||||||||||
Financial Instruments | ' | |||||||||||||||||
16. FINANCIAL INSTRUMENTS | ||||||||||||||||||
The following table provides information about the assets and liabilities not carried at fair value in our Condensed Statement of Financial Position. The table excludes finance leases and non-financial assets and liabilities. Substantially all of the assets discussed below are considered to be Level 3. The vast majority of our liabilities' fair value can be determined based on significant observable inputs and thus considered Level 2. Few of the instruments are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity. For a description on how we estimate fair value, see Note 22 in our 2012 consolidated financial statements. | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Assets (liabilities) | Assets (liabilities) | |||||||||||||||||
Carrying | Carrying | |||||||||||||||||
Notional | amount | Estimated | Notional | amount | Estimated | |||||||||||||
(In millions) | amount | (net) | fair value | amount | (net) | fair value | ||||||||||||
GE | ||||||||||||||||||
Assets | ||||||||||||||||||
Investments and notes | ||||||||||||||||||
receivable | $ | (a) | $ | 440 | $ | 448 | $ | (a) | $ | 222 | $ | 222 | ||||||
Liabilities | ||||||||||||||||||
Borrowings(b) | (a) | -12,595 | -13,123 | (a) | -17,469 | -18,619 | ||||||||||||
GECC | ||||||||||||||||||
Assets | ||||||||||||||||||
Loans | (a) | 224,691 | 228,490 | (a) | 236,678 | 239,084 | ||||||||||||
Other commercial mortgages | (a) | 2,012 | 1,956 | (a) | 2,222 | 2,249 | ||||||||||||
Loans held for sale | (a) | 357 | 357 | (a) | 1,180 | 1,181 | ||||||||||||
Other financial instruments(c) | (a) | 1,720 | 2,247 | (a) | 1,858 | 2,276 | ||||||||||||
Liabilities | ||||||||||||||||||
Borrowings and bank | ||||||||||||||||||
deposits(b)(d) | (a) | -376,060 | -388,415 | (a) | -397,300 | -414,533 | ||||||||||||
Investment contract benefits | (a) | -3,186 | -3,745 | (a) | -3,321 | -4,150 | ||||||||||||
Guaranteed investment | ||||||||||||||||||
contracts | (a) | -1,521 | -1,531 | (a) | -1,644 | -1,674 | ||||||||||||
Insurance – credit life(e) | 2,155 | -112 | -95 | 2,277 | -120 | -104 | ||||||||||||
(a) These financial instruments do not have notional amounts. | ||||||||||||||||||
(b) See Note 8. | ||||||||||||||||||
(c) Principally cost method investments. | ||||||||||||||||||
(d) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at September 30, 2013 and December 31, 2012 would have been reduced by $2,851 million and $7,937 million, respectively. | ||||||||||||||||||
(e) Net of reinsurance of $1,250 million and $2,000 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
Loan Commitments | ||||||||||||||||||
Notional amount at | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Ordinary course of business lending commitments(a) | $ | 4,781 | $ | 3,708 | ||||||||||||||
Unused revolving credit lines(b) | ||||||||||||||||||
Commercial(c) | 15,095 | 17,929 | ||||||||||||||||
Consumer – principally credit cards | 284,855 | 271,387 | ||||||||||||||||
(a) Excluded investment commitments of $1,615 million and $1,276 million as of September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
(b) Excluded inventory financing arrangements, which may be withdrawn at our option, of $14,233 million and $12,813 million as of September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
(c) Included commitments of $10,776 million and $12,923 million as of September 30, 2013 and December 31, 2012, respectively, associated with secured financing arrangements that could have increased to a maximum of $13,461 million and $15,731 million at September 30, 2013 and December 31, 2012, respectively, based on asset volume under the arrangement. | ||||||||||||||||||
Securities Repurchase and Reverse Repurchase Arrangements | ||||||||||||||||||
Our issuances of securities repurchase agreements are insignificant and are limited to activities at certain of our foreign banks primarily for purposes of liquidity management. At September 30, 2013, we were party to repurchase agreements totaling $12 million, which were reported in short-term borrowings on the financial statements. We have had no repurchase agreements that were accounted for as off-book financing and we do not engage in securities lending transactions. | ||||||||||||||||||
We also enter into reverse securities repurchase agreements primarily for short-term investment with maturities of 90 days or less. At September 30, 2013, we were party to reverse repurchase agreements totaling $20.4 billion, which were reported in cash and equivalents on the financial statements. Under these reverse securities repurchase agreements, we typically lend available cash at a specified rate of interest and hold U.S. or highly-rated European government securities as collateral during the term of the agreement. Collateral value is in excess of amounts loaned under the agreements. | ||||||||||||||||||
Derivatives and hedging | ||||||||||||||||||
As a matter of policy, we use derivatives for risk management purposes, and we do not use derivatives for speculative purposes. A key risk management objective for our financial services businesses is to mitigate interest rate and currency risk by seeking to ensure that the characteristics of the debt match the assets they are funding. If the form (fixed versus floating) and currency denomination of the debt we issue do not match the related assets, we typically execute derivatives to adjust the nature and tenor of funding to meet this objective within pre-defined limits. The determination of whether we enter into a derivative transaction or issue debt directly to achieve this objective depends on a number of factors, including market related factors that affect the type of debt we can issue. | ||||||||||||||||||
The notional amounts of derivative contracts represent the basis upon which interest and other payments are calculated and are reported gross, except for offsetting foreign currency forward contracts that are executed in order to manage our currency risk of net investment in foreign subsidiaries. Of the outstanding notional amount of $319,000 million, approximately 86% or $275,000 million, is associated with reducing or eliminating the interest rate, currency or market risk between financial assets and liabilities in our financial services businesses. The remaining derivative activities primarily relate to hedging against adverse changes in currency exchange rates and commodity prices related to anticipated sales and purchases and contracts containing certain clauses that meet the accounting definition of a derivative. The instruments used in these activities are designated as hedges when practicable. When we are not able to apply hedge accounting, or when the derivative and the hedged item are both recorded in earnings concurrently, the derivatives are deemed economic hedges and hedge accounting is not applied. This most frequently occurs when we hedge a recognized foreign currency transaction (e.g., a receivable or payable) with a derivative. Since the effects of changes in exchange rates are reflected concurrently in earnings for both the derivative and the transaction, the economic hedge does not require hedge accounting. | ||||||||||||||||||
The following table provides information about the fair value of our derivatives, by contract type, separating those accounted for as hedges and those that are not. | ||||||||||||||||||
At | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Fair value | Fair value | |||||||||||||||||
(In millions) | Assets | Liabilities | Assets | Liabilities | ||||||||||||||
Derivatives accounted for as hedges | ||||||||||||||||||
Interest rate contracts | $ | 4,339 | 1,630 | $ | 8,443 | $ | 719 | |||||||||||
Currency exchange contracts | 906 | 1,593 | 890 | 1,777 | ||||||||||||||
Other contracts | 1 | 3 | 1 | - | ||||||||||||||
5,246 | 3,226 | 9,334 | 2,496 | |||||||||||||||
Derivatives not accounted for as hedges | ||||||||||||||||||
Interest rate contracts | 304 | 158 | 452 | 195 | ||||||||||||||
Currency exchange contracts | 1,589 | 1,792 | 1,797 | 691 | ||||||||||||||
Other contracts | 203 | 44 | 283 | 72 | ||||||||||||||
2,096 | 1,994 | 2,532 | 958 | |||||||||||||||
Gross derivatives recognized in statement of | ||||||||||||||||||
financial position | ||||||||||||||||||
Gross derivatives | 7,342 | 5,220 | 11,866 | 3,454 | ||||||||||||||
Gross accrued interest | 1,199 | 102 | 1,683 | 14 | ||||||||||||||
8,541 | 5,322 | 13,549 | 3,468 | |||||||||||||||
Amounts offset in statement of financial position | ||||||||||||||||||
Netting adjustments(a) | -3,819 | -3,813 | -2,801 | -2,786 | ||||||||||||||
Cash collateral(b) | -2,056 | -624 | -5,125 | -391 | ||||||||||||||
-5,875 | -4,437 | -7,926 | -3,177 | |||||||||||||||
Net derivatives recognized in statement of | ||||||||||||||||||
financial position | ||||||||||||||||||
Net derivatives | 2,666 | 885 | 5,623 | 291 | ||||||||||||||
Amounts not offset in statement of | ||||||||||||||||||
financial position | ||||||||||||||||||
Securities held as collateral(c) | -1,706 | - | -5,227 | - | ||||||||||||||
Net amount | $ | 960 | $ | 885 | $ | 396 | $ | 291 | ||||||||||
Derivatives are classified in the captions “All other assets” and “All other liabilities” and the related accrued interest is classified in “Other GECC receivables” and “All other liabilities” in our financial statements. | ||||||||||||||||||
(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts included fair value adjustments related to our own and counterparty non-performance risk. At September 30, 2013 and December 31, 2012, the cumulative adjustment for non-performance risk was a gain (loss) of $(6) million and $(15) million, respectively. | ||||||||||||||||||
(b) Excludes excess cash collateral received and posted of $24 million and $11 million at September 30, 2013, respectively, and $42 million and $10 million at December 31, 2012, respectively. | ||||||||||||||||||
(c) Excludes excess securities collateral received of $53 million and $359 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
Fair value hedges | ||||||||||||||||||
We use interest rate and currency exchange derivatives to hedge the fair value effects of interest rate and currency exchange rate changes on local and non-functional currency denominated fixed-rate debt. For relationships designated as fair value hedges, changes in fair value of the derivatives are recorded in earnings within interest and other financial charges, along with offsetting adjustments to the carrying amount of the hedged debt. The following tables provide information about the earnings effects of our fair value hedging relationships for the three and nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||
Three months ended September 30, | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
(In millions) | Gain (loss) | Gain (loss) | Gain (loss) | Gain (loss) | ||||||||||||||
on hedging | on hedged | on hedging | on hedged | |||||||||||||||
derivatives | items | derivatives | items | |||||||||||||||
Interest rate contracts | $ | -449 | $ | 410 | $ | 441 | $ | -552 | ||||||||||
Currency exchange contracts | -4 | 3 | 8 | -10 | ||||||||||||||
Fair value hedges resulted in $(40) million and $(113) million of ineffectiveness in the three months ended September 30, 2013 and 2012, respectively. In both the three months ended September 30, 2013 and 2012, there were insignificant amounts excluded from the assessment of effectiveness. | ||||||||||||||||||
Nine months ended September 30, | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
(In millions) | Gain (loss) | Gain (loss) | Gain (loss) | Gain (loss) | ||||||||||||||
on hedging | on hedged | on hedging | on hedged | |||||||||||||||
derivatives | items | derivatives | items | |||||||||||||||
Interest rate contracts | $ | -4,295 | $ | 4,236 | $ | 1,226 | $ | -1,514 | ||||||||||
Currency exchange contracts | -11 | 10 | -103 | 91 | ||||||||||||||
Fair value hedges resulted in $(60) million and $(300) million of ineffectiveness in the nine months ended September 30, 2013 and 2012, respectively. In both the nine months ended September 30, 2013 and 2012, there were insignificant amounts excluded from the assessment of effectiveness. | ||||||||||||||||||
Cash flow hedges | ||||||||||||||||||
We use interest rate, currency exchange and commodity derivatives to reduce the variability of expected future cash flows associated with variable rate borrowings and commercial purchase and sale transactions, including commodities. For derivatives that are designated in a cash flow hedging relationship, the effective portion of the change in fair value of the derivative is reported as a component of AOCI and reclassified into earnings contemporaneously and in the same caption with the earnings effects of the hedged transaction. | ||||||||||||||||||
The following tables provide information about the amounts recorded in AOCI, as well as the gain (loss) recorded in earnings, when reclassified out of AOCI, for the three and nine months ended September 30, 2013 and 2012, respectively. See Note 12 for additional information about reclassifications out of AOCI. | ||||||||||||||||||
Gain (loss) reclassified | ||||||||||||||||||
Gain (loss) recognized in AOCI | from AOCI into earnings | |||||||||||||||||
(In millions) | for the three months ended September 30, | for the three months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash flow hedges | ||||||||||||||||||
Interest rate contracts | $ | -24 | $ | -68 | $ | -88 | $ | -118 | ||||||||||
Currency exchange contracts | 58 | 301 | 114 | 203 | ||||||||||||||
Commodity contracts | 1 | 4 | -1 | -1 | ||||||||||||||
Total | $ | 35 | $ | 237 | $ | 25 | $ | 84 | ||||||||||
Gain (loss) reclassified | ||||||||||||||||||
Gain (loss) recognized in AOCI | from AOCI into earnings for | |||||||||||||||||
(In millions) | for the nine months ended September 30, | for the nine months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash flow hedges | ||||||||||||||||||
Interest rate contracts | $ | -15 | $ | -147 | $ | -282 | $ | -384 | ||||||||||
Currency exchange contracts | 372 | 590 | 290 | 473 | ||||||||||||||
Commodity contracts | -6 | 8 | -3 | -3 | ||||||||||||||
Total | $ | 351 | $ | 451 | $ | 5 | $ | 86 | ||||||||||
The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $380 million loss at September 30, 2013. We expect to transfer $272 million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the three and nine months ended September 30, 2013 and 2012, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At September 30, 2013 and 2012, the maximum term of derivative instruments that hedge forecasted transactions was 19 years and 20 years, respectively. | ||||||||||||||||||
For cash flow hedges, the amount of ineffectiveness in the hedging relationship and amount of the changes in fair value of the derivatives that are not included in the measurement of ineffectiveness are both reflected in earnings each reporting period. These amounts are primarily reported in GECC revenues from services and totaled $(1) million and $1 million in the three months ended September 30, 2013 and 2012, respectively, and $0 million and $4 million in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||
Net investment hedges in foreign operations | ||||||||||||||||||
We use currency exchange derivatives to protect our net investments in global operations conducted in non-U.S. dollar currencies. For derivatives that are designated as hedges of net investment in a foreign operation, we assess effectiveness based on changes in spot currency exchange rates. Changes in spot rates on the derivative are recorded as a component of AOCI until such time as the foreign entity is substantially liquidated or sold. The change in fair value of the forward points, which reflects the interest rate differential between the two countries on the derivative, is excluded from the effectiveness assessment. | ||||||||||||||||||
The following tables provide information about the amounts recorded in AOCI for the three and nine months ended September 30, 2013 and 2012, respectively, as well as the gain (loss) recorded in GECC revenues from services when reclassified out of AOCI. | ||||||||||||||||||
Gain (loss) recognized in CTA | Gain (loss) reclassified from CTA | |||||||||||||||||
(In millions) | for the three months ended September 30, | for the three months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Net investment hedges | ||||||||||||||||||
Currency exchange contracts | $ | 645 | $ | -2,939 | $ | -169 | $ | 39 | ||||||||||
Gain (loss) recognized in CTA | Gain (loss) reclassified from CTA | |||||||||||||||||
(In millions) | for the nine months ended September 30, | for the nine months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Net investment hedges | ||||||||||||||||||
Currency exchange contracts | $ | 3,162 | $ | -2,588 | $ | -278 | $ | 27 | ||||||||||
The amounts related to the change in the fair value of the forward points that are excluded from the measure of effectiveness were $(161) million and $(183) million in the three months ended September 30, 2013 and 2012, respectively, and $(514) million and $(663) million in the nine months ended September 30, 2013 and 2012, respectively, and are recorded in interest and other financial charges. | ||||||||||||||||||
Free-standing derivatives | ||||||||||||||||||
Changes in the fair value of derivatives that are not designated as hedges are recorded in earnings each period. As discussed above, these derivatives are typically entered into as economic hedges of changes in interest rates, currency exchange rates, commodity prices and other risks. Gains or losses related to the derivative are typically recorded in GECC revenues from services or other income, based on our accounting policy. In general, the earnings effects of the item that represent the economic risk exposure are recorded in the same caption as the derivative. Gains (losses) for the nine months ended September 30, 2013 on derivatives not designated as hedges were $(960) million composed of amounts related to interest rate contracts of $(90) million, currency exchange contracts of $(1,011) million, and other derivatives of $141 million. These losses were more than offset by the earnings effects from the underlying items that were economically hedged. Gains (losses) for the nine months ended September 30, 2012 on derivatives not designated as hedges were $(528) million composed of amounts related to interest rate contracts of $(217) million, currency exchange contracts of $(472) million, and other derivatives of $161 million. These losses were more than offset the earnings effects from the underlying items that were economically hedged. | ||||||||||||||||||
Counterparty credit risk | ||||||||||||||||||
Fair values of our derivatives can change significantly from period to period based on, among other factors, market movements and changes in our positions. We manage counterparty credit risk (the risk that counterparties will default and not make payments to us according to the terms of our agreements) on an individual counterparty basis. Where we have agreed to netting of derivative exposures with a counterparty, we net our exposures with that counterparty and apply the value of collateral posted to us to determine the exposure. We actively monitor these net exposures against defined limits and take appropriate actions in response, including requiring additional collateral. | ||||||||||||||||||
As discussed above, we have provisions in certain of our master agreements that require counterparties to post collateral (typically, cash or U.S. Treasury securities) when our receivable due from the counterparty, measured at current market value, exceeds a specified limit. The fair value of such collateral was $3,762 million, of which $2,056 million was cash and $1,706 million was in the form of securities held by a custodian for our benefit. Under certain of these same agreements, we post collateral to our counterparties for our derivative obligations, the fair value of which was $624 million at September 30, 2013. At September 30, 2013, our exposure to counterparties (including accrued interest), net of collateral we hold, was $895 million. This excludes exposure related to embedded derivatives. | ||||||||||||||||||
Additionally, our master agreements typically contain mutual downgrade provisions that provide the ability of each party to require termination if the long-term credit rating of the counterparty were to fall below A-/A3. In certain of these master agreements, each party also has the ability to require termination if the short-term rating of the counterparty were to fall below A-1/P-1. Our master agreements also typically contain provisions that provide termination rights upon the occurrence of certain other events, such as a bankruptcy or events of default by one of the parties. If an agreement was terminated under any of these circumstances, the termination amount payable would be determined on a net basis and could also take into account any collateral posted. The net amount of our derivative liability, after consideration of collateral posted by us and outstanding interest payments was $851 million at September 30, 2013. This excludes embedded derivatives. | ||||||||||||||||||
Supplemental_Information_About
Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Credit Quality Financing Receivables [Abstract] | ' | ||||||||||||||||||||
Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables | ' | ||||||||||||||||||||
17. SUPPLEMENTAL INFORMATION ABOUT THE CREDIT QUALITY OF FINANCING RECEIVABLES AND ALLOWANCE FOR LOSSES ON FINANCING RECEIVABLES | |||||||||||||||||||||
We provide further detailed information about the credit quality of our Commercial, Real Estate and Consumer financing receivables portfolios. For each portfolio, we describe the characteristics of the financing receivables and provide information about collateral, payment performance, credit quality indicators, and impairment. We manage these portfolios using delinquency and nonearning data as key performance indicators. The categories used within this section such as impaired loans, troubled debt restructuring (TDR) and nonaccrual financing receivables are defined by the authoritative guidance and we base our categorization on the related scope and definitions contained in the related standards. The categories of nonearning and delinquent are defined by us and are used in our process for managing our financing receivables. Definitions of these categories are provided in Note 1 in our 2012 consolidated financial statements. | |||||||||||||||||||||
COMMERCIAL | |||||||||||||||||||||
Financing Receivables and Allowance for Losses | |||||||||||||||||||||
The following table provides further information about general and specific reserves related to Commercial financing receivables. | |||||||||||||||||||||
Financing receivables | |||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||
(In millions) | 2013 | 2012 | |||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 69,240 | $ | 72,517 | |||||||||||||||||
Europe(a) | 35,529 | 37,037 | |||||||||||||||||||
Asia | 9,573 | 11,401 | |||||||||||||||||||
Other(a) | 468 | 603 | |||||||||||||||||||
Total CLL | 114,810 | 121,558 | |||||||||||||||||||
Energy Financial Services | 4,367 | 4,851 | |||||||||||||||||||
GECAS | 9,642 | 10,915 | |||||||||||||||||||
Other | 393 | 486 | |||||||||||||||||||
Total Commercial financing receivables, before allowance for losses | $ | 129,212 | $ | 137,810 | |||||||||||||||||
Non-impaired financing receivables | $ | 125,086 | $ | 132,741 | |||||||||||||||||
General reserves | 599 | 554 | |||||||||||||||||||
Impaired loans | 4,126 | 5,069 | |||||||||||||||||||
Specific reserves | 311 | 487 | |||||||||||||||||||
(a) During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. | |||||||||||||||||||||
Past Due Financing Receivables | |||||||||||||||||||||
The following table displays payment performance of Commercial financing receivables. | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Over 30 days | Over 90 days | Over 30 days | Over 90 days | ||||||||||||||||||
past due | past due | past due | past due | ||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | 1 | % | 0.5 | % | 1.1 | % | 0.5 | % | |||||||||||||
Europe | 4.2 | 2 | 3.7 | 2.1 | |||||||||||||||||
Asia | 0.8 | 0.5 | 0.9 | 0.6 | |||||||||||||||||
Other | 0 | 0 | 0.1 | 0 | |||||||||||||||||
Total CLL | 2 | 1 | 1.9 | 1 | |||||||||||||||||
Energy Financial Services | 0 | 0 | 0 | 0 | |||||||||||||||||
GECAS | 0 | 0 | 0 | 0 | |||||||||||||||||
Other | 0.1 | 0 | 2.8 | 2.8 | |||||||||||||||||
Total | 1.8 | 0.8 | 1.7 | 0.9 | |||||||||||||||||
Nonaccrual Financing Receivables | |||||||||||||||||||||
The following table provides further information about Commercial financing receivables that are classified as nonaccrual. Of our $3,404 million and $4,166 million of nonaccrual financing receivables at September 30, 2013 and December 31, 2012, respectively, $2,105 million and $2,647 million are currently paying in accordance with their contractual terms, respectively. | |||||||||||||||||||||
Nonaccrual financing | Nonearning financing | ||||||||||||||||||||
receivables | receivables | ||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 1,655 | $ | 1,951 | $ | 1,182 | $ | 1,333 | |||||||||||||
Europe | 1,269 | 1,740 | 916 | 1,299 | |||||||||||||||||
Asia | 465 | 395 | 226 | 193 | |||||||||||||||||
Other | - | 52 | - | 52 | |||||||||||||||||
Total CLL | 3,389 | 4,138 | 2,324 | 2,877 | |||||||||||||||||
Energy Financial Services | 4 | - | 4 | - | |||||||||||||||||
GECAS | - | 3 | - | - | |||||||||||||||||
Other | 11 | 25 | - | 13 | |||||||||||||||||
Total | $ | 3,404 | $ | 4,166 | $ | 2,328 | $ | 2,890 | |||||||||||||
Allowance for losses percentage | 26.7 | % | 25 | % | 39.1 | % | 36 | % | |||||||||||||
Impaired Loans | |||||||||||||||||||||
The following table provides information about loans classified as impaired and specific reserves related to Commercial. | |||||||||||||||||||||
With no specific allowance | With a specific allowance | ||||||||||||||||||||
Recorded | Unpaid | Average | Recorded | Unpaid | Average | ||||||||||||||||
investment | principal | investment in | investment | principal | Associated | investment | |||||||||||||||
(In millions) | in loans | balance | loans | in loans | balance | allowance | in loans | ||||||||||||||
30-Sep-13 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 1,979 | $ | 2,391 | $ | 2,275 | $ | 474 | $ | 633 | $ | 131 | $ | 517 | |||||||
Europe | 865 | 1,747 | 995 | 470 | 739 | 167 | 525 | ||||||||||||||
Asia | 237 | 242 | 149 | 86 | 109 | 12 | 88 | ||||||||||||||
Other | - | - | - | - | - | - | 15 | ||||||||||||||
Total CLL | 3,081 | 4,380 | 3,419 | 1,030 | 1,481 | 310 | 1,145 | ||||||||||||||
Energy Financial Services | - | - | - | 4 | 4 | 1 | 2 | ||||||||||||||
GECAS | - | - | - | - | - | - | 1 | ||||||||||||||
Other | 10 | 10 | 10 | 1 | 1 | - | 5 | ||||||||||||||
Total | $ | 3,091 | $ | 4,390 | $ | 3,429 | $ | 1,035 | $ | 1,486 | $ | 311 | $ | 1,153 | |||||||
31-Dec-12 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 2,487 | $ | 2,927 | $ | 2,535 | $ | 557 | $ | 681 | $ | 178 | $ | 987 | |||||||
Europe | 1,131 | 1,901 | 1,009 | 643 | 978 | 278 | 805 | ||||||||||||||
Asia | 62 | 64 | 62 | 109 | 120 | 23 | 134 | ||||||||||||||
Other | - | - | 43 | 52 | 68 | 6 | 16 | ||||||||||||||
Total CLL | 3,680 | 4,892 | 3,649 | 1,361 | 1,847 | 485 | 1,942 | ||||||||||||||
Energy Financial Services | - | - | 2 | - | - | - | 7 | ||||||||||||||
GECAS | - | - | 17 | 3 | 3 | - | 5 | ||||||||||||||
Other | 17 | 28 | 26 | 8 | 8 | 2 | 40 | ||||||||||||||
Total | $ | 3,697 | $ | 4,920 | $ | 3,694 | $ | 1,372 | $ | 1,858 | $ | 487 | $ | 1,994 | |||||||
We recognized $173 million, $253 million and $181 million of interest income, including $53 million, $92 million and $70 million on a cash basis, for the nine months ended September 30, 2013, the year ended December 31, 2012 and the nine months ended September 30, 2012, respectively, principally in our CLL Americas business. The total average investment in impaired loans for the nine months ended September 30, 2013 and the year ended December 31, 2012 was $4,582 million and $5,688 million, respectively. | |||||||||||||||||||||
Impaired loans classified as TDRs in our CLL business were $3,211 million and $3,872 million at September 30, 2013 and December 31, 2012, respectively, and were primarily attributable to CLL Americas ($2,129 million and $2,577 million, respectively). For the nine months ended September 30, 2013, we modified $1,153 million of loans classified as TDRs, primarily in CLL Americas ($580 million). Changes to these loans primarily included extensions, interest only payment periods, debt to equity exchange and forbearance or other actions, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $1,808 million and $2,736 million of modifications classified as TDRs in the twelve months ended September 30, 2013 and 2012, respectively, $80 million and $157 million have subsequently experienced a payment default in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||
Substantially all of our Commercial financing receivables portfolio is secured lending and we assess the overall quality of the portfolio based on the potential risk of loss measure. The metric incorporates both the borrower's credit quality along with any related collateral protection. | |||||||||||||||||||||
Our internal risk ratings process is an important source of information in determining our allowance for losses and represents a comprehensive, statistically validated approach to evaluate risk in our financing receivables portfolios. In deriving our internal risk ratings, we stratify our Commercial portfolios into 21 categories of default risk and/or six categories of loss given default to group into three categories: A, B and C. Our process starts by developing an internal risk rating for our borrowers, which are based upon our proprietary models using data derived from borrower financial statements, agency ratings, payment history information, equity prices and other commercial borrower characteristics. We then evaluate the potential risk of loss for the specific lending transaction in the event of borrower default, which takes into account such factors as applicable collateral value, historical loss and recovery rates for similar transactions, and our collection capabilities. Our internal risk ratings process and the models we use are subject to regular monitoring and validation controls. The frequency of rating updates is set by our credit risk policy, which requires annual Risk Committee approval. The models are updated on a regular basis and statistically validated annually, or more frequently as circumstances warrant. | |||||||||||||||||||||
The table below summarizes our Commercial financing receivables by risk category. As described above, financing receivables are assigned one of 21 risk ratings based on our process and then these are grouped by similar characteristics into three categories in the table below. Category A is characterized by either high credit quality borrowers or transactions with significant collateral coverage, which substantially reduces or eliminates the risk of loss in the event of borrower default. Category B is characterized by borrowers with weaker credit quality than those in Category A, or transactions with moderately strong collateral coverage, which minimizes but may not fully mitigate the risk of loss in the event of default. Category C is characterized by borrowers with higher levels of default risk relative to our overall portfolio or transactions where collateral coverage may not fully mitigate a loss in the event of default. | |||||||||||||||||||||
Secured | |||||||||||||||||||||
(In millions) | A | B | C | Total | |||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 66,084 | $ | 1,531 | $ | 1,625 | $ | 69,240 | |||||||||||||
Europe(a) | 33,450 | 484 | 1,054 | 34,988 | |||||||||||||||||
Asia | 9,050 | 103 | 264 | 9,417 | |||||||||||||||||
Other(a) | 113 | - | - | 113 | |||||||||||||||||
Total CLL | 108,697 | 2,118 | 2,943 | 113,758 | |||||||||||||||||
Energy Financial Services | 4,202 | 38 | - | 4,240 | |||||||||||||||||
GECAS | 9,504 | 111 | 27 | 9,642 | |||||||||||||||||
Other | 393 | - | - | 393 | |||||||||||||||||
Total | $ | 122,796 | $ | 2,267 | $ | 2,970 | $ | 128,033 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 68,360 | $ | 1,775 | $ | 2,382 | $ | 72,517 | |||||||||||||
Europe(a) | 33,756 | 1,188 | 1,256 | 36,200 | |||||||||||||||||
Asia | 10,732 | 117 | 372 | 11,221 | |||||||||||||||||
Other(a) | 159 | - | 94 | 253 | |||||||||||||||||
Total CLL | 113,007 | 3,080 | 4,104 | 120,191 | |||||||||||||||||
Energy Financial Services | 4,725 | - | - | 4,725 | |||||||||||||||||
GECAS | 10,681 | 223 | 11 | 10,915 | |||||||||||||||||
Other | 486 | - | - | 486 | |||||||||||||||||
Total | $ | 128,899 | $ | 3,303 | $ | 4,115 | $ | 136,317 | |||||||||||||
(a) During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. | |||||||||||||||||||||
For our secured financing receivables portfolio, our collateral position and ability to work out problem accounts mitigates our losses. Our asset managers have deep industry expertise that enables us to identify the optimum approach to default situations. We price risk premiums for weaker credits at origination, closely monitor changes in creditworthiness through our risk ratings and watch list process, and are engaged early with deteriorating credits to minimize economic loss. Secured financing receivables within risk Category C are predominantly in our CLL businesses and are primarily composed of senior term lending facilities and factoring programs secured by various asset types including inventory, accounts receivable, cash, equipment and related business facilities as well as franchise finance activities secured by underlying equipment. | |||||||||||||||||||||
Loans within Category C are reviewed and monitored regularly, and classified as impaired when it is probable that they will not pay in accordance with contractual terms. Our internal risk rating process identifies credits warranting closer monitoring; and as such, these loans are not necessarily classified as nonearning or impaired. | |||||||||||||||||||||
Our unsecured Commercial financing receivables portfolio is primarily attributable to our Interbanca S.p.A. and GE Sanyo Credit acquisitions in Europe and Asia, respectively. At September 30, 2013 and December 31, 2012, these financing receivables included $398 million and $458 million rated A, $514 million and $583 million rated B, and $267 million and $452 million rated C, respectively. | |||||||||||||||||||||
REAL ESTATE | |||||||||||||||||||||
Financing Receivables and Allowance for Losses | |||||||||||||||||||||
The following table provides further information about general and specific reserves related to Real Estate financing receivables. | |||||||||||||||||||||
Financing receivables | |||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||
(In millions) | 2013 | 2012 | |||||||||||||||||||
Real Estate financing receivables, before allowance for losses | $ | 18,966 | $ | 20,946 | |||||||||||||||||
Non-impaired financing receivables | $ | 14,769 | $ | 15,253 | |||||||||||||||||
General reserves | 87 | 132 | |||||||||||||||||||
Impaired loans | 4,197 | 5,693 | |||||||||||||||||||
Specific reserves | 83 | 188 | |||||||||||||||||||
Past Due Financing Receivables | |||||||||||||||||||||
The following table displays payment performance of Real Estate financing receivables. | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Over 30 days | Over 90 days | Over 30 days | Over 90 days | ||||||||||||||||||
past due | past due | past due | past due | ||||||||||||||||||
Real Estate | 1.4 | % | 1.4 | % | 2.3 | % | 2.2 | % | |||||||||||||
Nonaccrual Financing Receivables | |||||||||||||||||||||
The following table provides further information about Real Estate financing receivables that are classified as nonaccrual. Of our $3,723 million and $4,885 million of nonaccrual financing receivables at September 30, 2013 and December 31, 2012, respectively, $3,454 million and $4,461 million are currently paying in accordance with their contractual terms, respectively. | |||||||||||||||||||||
Nonaccrual financing | Nonearning financing | ||||||||||||||||||||
receivables | receivables | ||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
Real Estate | $ | 3,723 | $ | 4,885 | $ | 357 | $ | 444 | |||||||||||||
Allowance for losses percentage | 4.6 | % | 6.6 | % | 47.6 | % | 72.1 | % | |||||||||||||
Impaired Loans | |||||||||||||||||||||
The following table provides information about loans classified as impaired and specific reserves related to Real Estate. | |||||||||||||||||||||
With no specific allowance | With a specific allowance | ||||||||||||||||||||
Recorded | Unpaid | Average | Recorded | Unpaid | Average | ||||||||||||||||
investment | principal | investment | investment | principal | Associated | investment | |||||||||||||||
(In millions) | in loans | balance | in loans | in loans | balance | allowance | in loans | ||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Real Estate | $ | 2,793 | $ | 3,149 | $ | 3,169 | $ | 1,404 | $ | 1,724 | $ | 83 | $ | 1,799 | |||||||
31-Dec-12 | |||||||||||||||||||||
Real Estate | $ | 3,491 | $ | 3,712 | $ | 3,773 | $ | 2,202 | $ | 2,807 | $ | 188 | $ | 3,752 | |||||||
We recognized $161 million, $329 million and $265 million of interest income, including $132 million, $237 million and $183 million on a cash basis, for the nine months ended September 30, 2013, the year ended December 31, 2012 and the nine months ended September 30, 2012, respectively. The total average investment in impaired loans for the nine months ended September 30, 2013 and the year ended December 31, 2012 was $4,968 million and $7,525 million, respectively. | |||||||||||||||||||||
Real Estate TDRs decreased from $5,146 million at December 31, 2012 to $3,931 million at September 30, 2013, primarily driven by resolution of TDRs through paydowns and the impact of currency exchange, partially offset by extensions of loans scheduled to mature during 2013, some of which were classified as TDRs upon modification. We deem loan modifications to be TDRs when we have granted a concession to a borrower experiencing financial difficulty and we do not receive adequate compensation in the form of an effective interest rate that is at current market rates of interest given the risk characteristics of the loan or other consideration that compensates us for the value of the concession. The limited liquidity and higher return requirements in the real estate market for loans with higher loan-to-value (LTV) ratios has typically resulted in the conclusion that the modified terms are not at current market rates of interest, even if the modified loans are expected to be fully recoverable. For the nine months ended September 30, 2013, we modified $1,357 million of loans classified as TDRs. Changes to these loans primarily included maturity extensions, principal payment acceleration, changes to collateral or covenant terms and cash sweeps, which are in addition to, or sometimes in lieu of, fees and rate increases. Of our $2,089 million and $4,606 million of modifications classified as TDRs in the twelve months ended September 30, 2013 and 2012, respectively, $282 million and $212 million have subsequently experienced a payment default in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||
Due to the primarily non-recourse nature of our Debt portfolio, loan-to-value ratios provide the best indicators of the credit quality of the portfolio. | |||||||||||||||||||||
Loan-to-value ratio | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Less than | 80% to | Greater than | Less than | 80% to | Greater than | ||||||||||||||||
(In millions) | 80% | 95% | 95% | 80% | 95% | 95% | |||||||||||||||
Debt | $ | 14,387 | $ | 1,221 | $ | 2,371 | $ | 13,570 | $ | 2,572 | $ | 3,604 | |||||||||
By contrast, the credit quality of the owner occupied/credit tenant portfolio is primarily influenced by the strength of the borrower's general credit quality, which is reflected in our internal risk rating process, consistent with the process we use for our Commercial portfolio. As of September 30, 2013, the internal risk rating of A, B and C for our owner occupied/credit tenant portfolio approximated $595 million, $194 million and $198 million, respectively, as compared to the December 31, 2012, ratings of $956 million, $25 million and $219 million, respectively. | |||||||||||||||||||||
Within Real Estate-Debt, these financing receivables are primarily concentrated in our North American and European Lending platforms and are secured by various property types. A substantial majority of the Real Estate-Debt financing receivables with loan-to-value ratios greater than 95% are paying in accordance with contractual terms. Substantially all of these loans and the majority of our owner occupied/credit tenant financing receivables included in Category C are impaired loans that are subject to the specific reserve evaluation process described in Note 1 in our 2012 consolidated financial statements. The ultimate recoverability of impaired loans is driven by collection strategies that do not necessarily depend on the sale of the underlying collateral and include full or partial repayments through third-party refinancing and restructurings. | |||||||||||||||||||||
CONSUMER | |||||||||||||||||||||
At September 30, 2013, our U.S. consumer financing receivables included private-label credit card and sales financing for approximately 56 million customers across the U.S. with no metropolitan area accounting for more than 6% of the portfolio. Of the total U.S. consumer financing receivables, approximately 65% relate to credit card loans, which are often subject to profit and loss sharing arrangements with the retailer (which are recorded in revenues), and the remaining 35% are sales finance receivables, which provide financing to customers in areas such as electronics, recreation, medical and home improvement. | |||||||||||||||||||||
Financing Receivables and Allowance for Losses | |||||||||||||||||||||
The following table provides further information about general and specific reserves related to Consumer financing receivables. | |||||||||||||||||||||
Financing receivables | |||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||
(In millions) | 2013 | 2012 | |||||||||||||||||||
Non-U.S. residential mortgages | $ | 31,142 | $ | 33,451 | |||||||||||||||||
Non-U.S. installment and revolving credit | 17,305 | 18,546 | |||||||||||||||||||
U.S. installment and revolving credit | 51,799 | 50,853 | |||||||||||||||||||
Non-U.S. auto | 3,524 | 4,260 | |||||||||||||||||||
Other | 7,427 | 8,070 | |||||||||||||||||||
Total Consumer financing receivables, before allowance for losses | $ | 111,197 | $ | 115,180 | |||||||||||||||||
Non-impaired financing receivables | $ | 108,002 | $ | 111,960 | |||||||||||||||||
General reserves | 3,388 | 2,950 | |||||||||||||||||||
Impaired loans | 3,195 | 3,220 | |||||||||||||||||||
Specific reserves | 684 | 674 | |||||||||||||||||||
Past Due Financing Receivables | |||||||||||||||||||||
The following table displays payment performance of Consumer financing receivables. | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Over 30 days | Over 90 days | Over 30 days | Over 90 days | ||||||||||||||||||
past due | past due(a) | past due | past due(a) | ||||||||||||||||||
Non-U.S. residential mortgages(b) | 11.5 | % | 7.1 | % | 12 | % | 7.5 | % | |||||||||||||
Non-U.S. installment and revolving credit | 3.7 | 1.1 | 3.9 | 1.1 | |||||||||||||||||
U.S. installment and revolving credit | 4.3 | 1.9 | 4.6 | 2 | |||||||||||||||||
Non-U.S. auto | 3.1 | 0.4 | 3.1 | 0.5 | |||||||||||||||||
Other | 2.7 | 1.5 | 2.8 | 1.7 | |||||||||||||||||
Total | 6.1 | 3.1 | 6.5 | 3.4 | |||||||||||||||||
Included $28 million and $24 million of loans at September 30, 2013 and December 31, 2012, respectively, which are over 90 days past due and accruing interest, mainly representing accretion on loans acquired at a discount. | |||||||||||||||||||||
Consumer loans secured by residential real estate (both revolving and closed-end loans) are written down to the fair value of collateral, less costs to sell, no later than when they become 180 days past due. | |||||||||||||||||||||
Nonaccrual Financing Receivables | |||||||||||||||||||||
The following table provides further information about Consumer financing receivables that are classified as nonaccrual. | |||||||||||||||||||||
Nonaccrual financing | Nonearning financing | ||||||||||||||||||||
receivables | receivables | ||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
Non-U.S. residential mortgages | $ | 2,269 | $ | 2,600 | $ | 2,258 | $ | 2,569 | |||||||||||||
Non-U.S. installment and revolving credit | 205 | 224 | 205 | 224 | |||||||||||||||||
U.S. installment and revolving credit | 936 | 1,026 | 936 | 1,026 | |||||||||||||||||
Non-U.S. auto | 20 | 24 | 20 | 24 | |||||||||||||||||
Other | 386 | 427 | 341 | 351 | |||||||||||||||||
Total | $ | 3,816 | $ | 4,301 | $ | 3,760 | $ | 4,194 | |||||||||||||
Allowance for losses percentage | 106.7 | % | 84.3 | % | 108.3 | % | 86.4 | % | |||||||||||||
Impaired Loans | |||||||||||||||||||||
The vast majority of our Consumer nonaccrual financing receivables are smaller balance homogeneous loans evaluated collectively, by portfolio, for impairment and therefore are outside the scope of the disclosure requirement for impaired loans. Accordingly, impaired loans in our Consumer business represent restructured smaller balance homogeneous loans meeting the definition of a TDR, and are therefore subject to the disclosure requirement for impaired loans, and commercial loans in our Consumer–Other portfolio. The recorded investment of these impaired loans totaled $3,195 million (with an unpaid principal balance of $3,267 million) and comprised $99 million with no specific allowance, primarily all in our Consumer–Other portfolio, and $3,096 million with a specific allowance of $684 million at September 30, 2013. The impaired loans with a specific allowance included $307 million with a specific allowance of $76 million in our Consumer–Other portfolio and $2,789 million with a specific allowance of $608 million across the remaining Consumer business and had an unpaid principal balance and average investment of $3,140 million and $3,112 million, respectively, at September 30, 2013. We recognized $169 million, $169 million and $127 million of interest income, including $3 million, $5 million and $5 million on a cash basis, for the nine months ended September 30, 2013, the year ended December 31, 2012 and the nine months ended September 30, 2012, respectively, principally in our Consumer–U.S. installment and revolving credit portfolios. The total average investment in impaired loans for the nine months ended September 30, 2013 and the year ended December 31, 2012 was $3,207 million and $3,056 million, respectively. | |||||||||||||||||||||
Impaired loans classified as TDRs in our Consumer business were $3,037 million and $3,053 million at September 30, 2013 and December 31, 2012, respectively. We utilize certain loan modification programs for borrowers experiencing financial difficulties in our Consumer loan portfolio. These loan modification programs primarily include interest rate reductions and payment deferrals in excess of three months, which were not part of the terms of the original contract, and are primarily concentrated in our non-U.S. residential mortgage and U.S. credit card portfolios. For the nine months ended September 30, 2013, we modified $1,157 million of consumer loans for borrowers experiencing financial difficulties, which are classified as TDRs, and included $719 million of non-U.S. consumer loans, primarily residential mortgages, credit cards and personal loans and $438 million of U.S. consumer loans, primarily credit cards. We expect borrowers whose loans have been modified under these programs to continue to be able to meet their contractual obligations upon the conclusion of the modification. Of our $1,577 million and $1,699 million of modifications classified as TDRs in the twelve months ended September 30, 2013 and 2012, respectively, $215 million and $188 million have subsequently experienced a payment default in the nine months ended September 30, 2013 and 2012, respectively. | |||||||||||||||||||||
Credit Quality Indicators | |||||||||||||||||||||
Our Consumer financing receivables portfolio comprises both secured and unsecured lending. Secured financing receivables comprise residential loans and lending to small and medium-sized enterprises predominantly secured by auto and equipment, inventory finance, and cash flow loans. Unsecured financing receivables include private-label credit card financing. A substantial majority of these cards are not for general use and are limited to the products and services sold by the retailer. The private label portfolio is diverse with no metropolitan area accounting for more than 5% of the related portfolio. | |||||||||||||||||||||
Non-U.S. residential mortgages | |||||||||||||||||||||
For our secured non-U.S. residential mortgage book, we assess the overall credit quality of the portfolio through loan-to-value ratios (the ratio of the outstanding debt on a property to the value of that property at origination). In the event of default and repossession of the underlying collateral, we have the ability to remarket and sell the properties to eliminate or mitigate the potential risk of loss. The table below provides additional information about our non-U.S. residential mortgages based on loan-to-value ratios. | |||||||||||||||||||||
Loan-to-value ratio | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
80% or | Greater than | Greater than | 80% or | Greater than | Greater than | ||||||||||||||||
(In millions) | less | 80% to 90% | 90% | less | 80% to 90% | 90% | |||||||||||||||
Non-U.S. | |||||||||||||||||||||
residential | |||||||||||||||||||||
mortgages | $ | 17,401 | $ | 5,238 | $ | 8,503 | $ | 18,613 | $ | 5,739 | $ | 9,099 | |||||||||
The majority of these financing receivables are in our U.K. and France portfolios and have re-indexed loan-to-value ratios of 79% and 56%, respectively. We have third-party mortgage insurance for about 30% of the balance of Consumer non-U.S. residential mortgage loans with loan-to-value ratios greater than 90% at September 30, 2013. Such loans were primarily originated in Poland, France and the U.K. | |||||||||||||||||||||
Installment and Revolving Credit | |||||||||||||||||||||
For our unsecured lending products, including the non-U.S. and U.S. installment and revolving credit and non-U.S. auto portfolios, we assess overall credit quality using internal and external credit scores. Our internal credit scores imply a probability of default, which we consistently translate into three approximate credit bureau equivalent credit score categories, including (a) 681 or higher, which are considered the strongest credits; (b) 615 to 680, considered moderate credit risk; and (c) 614 or less, which are considered weaker credits. | |||||||||||||||||||||
Internal ratings translated to approximate credit bureau equivalent score | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
681 or | 615 to | 614 or | 681 or | 615 to | 614 or | ||||||||||||||||
(In millions) | higher | 680 | less | higher | 680 | less | |||||||||||||||
Non-U.S. | |||||||||||||||||||||
installment and | |||||||||||||||||||||
revolving credit | $ | 10,037 | $ | 4,098 | $ | 3,170 | $ | 10,493 | $ | 4,496 | $ | 3,557 | |||||||||
U.S. installment | |||||||||||||||||||||
and revolving | |||||||||||||||||||||
credit | 34,187 | 10,293 | 7,319 | 33,204 | 9,753 | 7,896 | |||||||||||||||
Non-U.S. auto | 2,705 | 488 | 331 | 3,141 | 666 | 453 | |||||||||||||||
Of those financing receivable accounts with credit bureau equivalent scores of 614 or less at September 30, 2013, 97% relate to installment and revolving credit accounts. These smaller balance accounts have an average outstanding balance less than one thousand U.S. dollars and are primarily concentrated in our retail card and sales finance receivables in the U.S. (which are often subject to profit and loss sharing arrangements), and closed-end loans outside the U.S., which minimizes the potential for loss in the event of default. For lower credit scores, we adequately price for the incremental risk at origination and monitor credit migration through our risk ratings process. We continuously adjust our credit line underwriting management and collection strategies based on customer behavior and risk profile changes. | |||||||||||||||||||||
Consumer – Other | |||||||||||||||||||||
Secured lending in Consumer – Other comprises loans to small and medium-sized enterprises predominantly secured by auto and equipment, inventory finance and cash flow loans. We develop our internal risk ratings for this portfolio in a manner consistent with the process used to develop our Commercial credit quality indicators, described above. We use the borrower's credit quality and underlying collateral strength to determine the potential risk of loss from these activities. | |||||||||||||||||||||
At September 30, 2013, Consumer – Other financing receivables of $6,597 million, $247 million and $583 million were rated A, B, and C, respectively. At December 31, 2012, Consumer – Other financing receivables of $6,873 million, $451 million and $746 million were rated A, B, and C, respectively. |
Variable_Interest_Entities
Variable Interest Entities | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Variable Interest Entities [Abstract] | ' | ||||||||||||||||||||
Variable Interest Entities | ' | ||||||||||||||||||||
18. VARIABLE INTEREST ENTITIES | |||||||||||||||||||||
We use variable interest entities primarily to securitize financial assets and arrange other forms of asset-backed financing in the ordinary course of business. Except as noted below, investors in these entities only have recourse to the assets owned by the entity and not to our general credit. We do not have implicit support arrangements with any VIE. We did not provide non-contractual support for previously transferred financing receivables to any VIE in 2013 or 2012. | |||||||||||||||||||||
In evaluating whether we have the power to direct the activities of a VIE that most significantly impact its economic performance, we consider the purpose for which the VIE was created, the importance of each of the activities in which it is engaged and our decision-making role, if any, in those activities that significantly determine the entity's economic performance as compared to other economic interest holders. This evaluation requires consideration of all facts and circumstances relevant to decision-making that affects the entity's future performance and the exercise of professional judgment in deciding which decision-making rights are most important. | |||||||||||||||||||||
In determining whether we have the right to receive benefits or the obligation to absorb losses that could potentially be significant to the VIE, we evaluate all of our economic interests in the entity, regardless of form (debt, equity, management and servicing fees, and other contractual arrangements). This evaluation considers all relevant factors of the entity's design, including: the entity's capital structure, contractual rights to earnings (losses), subordination of our interests relative to those of other investors, contingent payments, as well as other contractual arrangements that have potential to be economically significant. The evaluation of each of these factors in reaching a conclusion about the potential significance of our economic interests is a matter that requires the exercise of professional judgment. | |||||||||||||||||||||
Consolidated Variable Interest Entities | |||||||||||||||||||||
We consolidate VIEs because we have the power to direct the activities that significantly affect the VIEs economic performance, typically because of our role as either servicer or manager for the VIE. Our consolidated VIEs fall into three main groups, which are further described below: | |||||||||||||||||||||
Trinity comprises two consolidated entities that hold investment securities, the majority of which are investment grade, and were funded by the issuance of GICs. The GICs included conditions under which certain holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3 or the short-term credit ratings fall below A-1+/P-1. The outstanding GICs are subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things, and are reported in investment contracts, insurance liabilities and insurance annuity benefits. | |||||||||||||||||||||
Consolidated Securitization Entities (CSEs) comprise primarily our previously unconsolidated QSPEs that were consolidated on January 1, 2010 in connection with our adoption of ASU 2009-16 & 17. These entities were created to facilitate securitization of financial assets and other forms of asset-backed financing, which serve as an alternative funding source by providing access to variable funding notes and term markets. The securitization transactions executed with these entities are similar to those used by many financial institutions and substantially all are non-recourse. We provide servicing for substantially all of the assets in these entities. | |||||||||||||||||||||
The financing receivables in these entities have similar risks and characteristics to our other financing receivables and were underwritten to the same standard. Accordingly, the performance of these assets has been similar to our other financing receivables; however, the blended performance of the pools of receivables in these entities reflects the eligibility criteria that we apply to determine which receivables are selected for transfer. Contractually the cash flows from these financing receivables must first be used to pay third-party debt holders as well as other expenses of the entity. Excess cash flows are available to GE. The creditors of these entities have no claim on other assets of GE. | |||||||||||||||||||||
Other remaining assets and liabilities of consolidated VIEs relate primarily to three categories of entities: (1) joint ventures that lease light industrial equipment of $1,502 million of assets and $758 million of liabilities; (2) other entities that are involved in power generating and leasing activities of $774 million of assets and no liabilities; and (3) insurance entities that, among other lines of business, provide property and casualty and workers' compensation coverage for GE of $1,188 million of assets and $571 million of liabilities. | |||||||||||||||||||||
The table below summarizes the assets and liabilities of consolidated VIEs described above. | |||||||||||||||||||||
Consolidated Securitization Entities | |||||||||||||||||||||
Credit | Trade | ||||||||||||||||||||
(In millions) | Trinity(a) | cards | (b) | Equipment | (b) | receivables | Other | Total | |||||||||||||
30-Sep-13 | |||||||||||||||||||||
Assets(c) | |||||||||||||||||||||
Financing | |||||||||||||||||||||
receivables, net | $ | - | $ | 23,895 | $ | 12,934 | $ | 2,299 | $ | 2,023 | $ | 41,151 | |||||||||
Investment securities | 3,095 | - | - | - | 1,053 | 4,148 | |||||||||||||||
Other assets | 120 | 22 | 615 | - | 2,524 | 3,281 | |||||||||||||||
Total | $ | 3,215 | $ | 23,917 | $ | 13,549 | $ | 2,299 | $ | 5,600 | $ | 48,580 | |||||||||
Liabilities(c) | |||||||||||||||||||||
Borrowings | $ | - | $ | - | $ | - | $ | - | $ | 654 | $ | 654 | |||||||||
Non-recourse | |||||||||||||||||||||
borrowings | - | 15,396 | 11,068 | 1,902 | 50 | 28,416 | |||||||||||||||
Other liabilities | 1,531 | 227 | 300 | 21 | 1,343 | 3,422 | |||||||||||||||
Total | $ | 1,531 | $ | 15,623 | $ | 11,368 | $ | 1,923 | $ | 2,047 | $ | 32,492 | |||||||||
31-Dec-12 | |||||||||||||||||||||
Assets(c) | |||||||||||||||||||||
Financing | |||||||||||||||||||||
receivables, net | $ | - | $ | 24,169 | $ | 12,456 | $ | 2,339 | $ | 1,952 | $ | 40,916 | |||||||||
Investment securities | 3,435 | - | - | - | 1,051 | 4,486 | |||||||||||||||
Other assets | 217 | 29 | 360 | - | 2,428 | 3,034 | |||||||||||||||
Total | $ | 3,652 | $ | 24,198 | $ | 12,816 | $ | 2,339 | $ | 5,431 | $ | 48,436 | |||||||||
Liabilities(c) | |||||||||||||||||||||
Borrowings | $ | - | $ | - | $ | - | $ | - | $ | 711 | $ | 711 | |||||||||
Non-recourse | |||||||||||||||||||||
borrowings | - | 17,208 | 9,811 | 2,050 | 54 | 29,123 | |||||||||||||||
Other liabilities | 1,656 | 146 | 11 | 8 | 1,215 | 3,036 | |||||||||||||||
Total | $ | 1,656 | $ | 17,354 | $ | 9,822 | $ | 2,058 | $ | 1,980 | $ | 32,870 | |||||||||
(a) Excludes intercompany advances from GECC to Trinity, which are eliminated in consolidation of $2,015 million and $2,441 million at September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||
(b) 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, 2013 and December 31, 2012, the amounts of commingled cash owed to the CSEs were $6,351 million and $6,225 million, respectively, and the amounts owed to us by CSEs were $6,261 million and $6,143 million, respectively. | |||||||||||||||||||||
(c) 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. | |||||||||||||||||||||
Total revenues from our consolidated VIEs were $1,950 million and $1,707 million in the three months ended September 30, 2013 and 2012, respectively, and $5,598 million and $5,065 million in the nine months ended September 30, 2013 and 2012, respectively. Related expenses consisted primarily of provisions for losses of $175 million and $414 million in the three months ended September 30, 2013 and 2012, respectively, and $764 million and $784 million in the nine months ended September 30, 2013 and 2012, respectively, and interest and other financial charges of $85 million and $97 million in the three months ended September 30, 2013 and 2012, respectively, and $270 million and $344 million in the nine months ended September 30, 2013 and 2012, respectively. These amounts do not include intercompany revenues and costs, principally fees and interest between GE and the VIEs, which are eliminated in consolidation. | |||||||||||||||||||||
Investments in Unconsolidated Variable Interest Entities | |||||||||||||||||||||
Our involvement with unconsolidated VIEs consists of the following activities: assisting in the formation and financing of the entity, providing recourse and/or liquidity support, servicing the assets and receiving variable fees for services provided. We are not required to consolidate these entities because the nature of our involvement with the activities of the VIEs does not give us power over decisions that significantly affect their economic performance. | |||||||||||||||||||||
Our largest exposure to any single unconsolidated VIE at September 30, 2013 is an investment in asset-backed securities issued by the Senior Secured Loan Program (“SSLP”), a fund that invests in high quality senior secured debt of various middle-market companies ($6,263 million). Other significant unconsolidated VIEs include investments in real estate entities ($2,282 million), which generally consist of passive limited partnership investments in tax-advantaged, multi-family real estate and investments in various European real estate entities; and exposures to joint ventures that purchase factored receivables ($2,382 million). | |||||||||||||||||||||
The classification of our variable interests in these entities in our financial statements is based on the nature of the entity and the type of investment we hold. Variable interests in partnerships and corporate entities are classified as either equity method or cost method investments. In the ordinary course of business, we also make investments in entities in which we are not the primary beneficiary but may hold a variable interest such as limited partner interests or mezzanine debt investments. These investments are classified in two captions in our financial statements: “All other assets” for investments accounted for under the equity method, and “Financing receivables – net” for debt financing provided to these entities. Our investments in unconsolidated VIEs at September 30, 2013 and December 31, 2012 follow. | |||||||||||||||||||||
At | |||||||||||||||||||||
(In millions) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||
Other assets and investment | |||||||||||||||||||||
securities | $ | 8,340 | $ | 10,027 | |||||||||||||||||
Financing receivables – net | 2,736 | 2,654 | |||||||||||||||||||
Total investments | 11,076 | 12,681 | |||||||||||||||||||
Contractual obligations to fund | |||||||||||||||||||||
investments or guarantees | 2,742 | 2,608 | |||||||||||||||||||
Revolving lines of credit | 26 | 41 | |||||||||||||||||||
Total | $ | 13,844 | $ | 15,330 | |||||||||||||||||
As previously reported, during 2012, Penske Truck Leasing Co., L.P. (PTL) effected a recapitalization and subsequently acquired third-party financing in order to repay outstanding debt owed to GECC. In the first quarter of 2013, PTL had repaid all outstanding debt owed and terminated its borrowing arrangement with GECC. During the second quarter of 2013, PTL ceased to be a VIE as a result of a principal in PTL retiring from the GE Board. Therefore, our investment in PTL ($855 million at September 30, 2013) is not reported in the September 30, 2013 balance in the table above. As co-issuer and co-guarantor of the $700 million of debt raised by the funding entity related to PTL, GECC reports this amount, which is also our loss exposure and excluded from the table above, as debt of GECC in its financial statements. GECC has been indemnified by the general partner and the other limited partners of PTL for their proportionate share of the debt obligation. | |||||||||||||||||||||
In addition to the entities included in the table above, we also hold passive investments in RMBS, commercial mortgage-backed securities and asset-backed securities issued by VIEs. Such investments were, by design, investment grade at issuance and held by a diverse group of investors. Further information about such investments is provided in Note 3. |
Intercompany_Transactions
Intercompany Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Intercompany Transactions [Abstract] | ' |
Intercompany Transactions | ' |
19. INTERCOMPANY TRANSACTIONS | |
Transactions between related companies are made on an arms-length basis, are eliminated and consist primarily of GECC dividends to GE; GE customer receivables sold to GECC; GECC services for trade receivables management and material procurement; buildings and equipment (including automobiles) leased between GE and GECC; information technology (IT) and other services sold to GECC by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GECC from third-party producers for lease to others; and various investments, loans and allocations of GE corporate overhead costs. | |
These intercompany transactions are reported in the GE and GECC columns of our financial statements, but are eliminated in deriving our consolidated financial statements. Effects of these eliminations on our consolidated cash flows from operating, investing and financing activities are $(2,426) million, $(1,555) million and $4,075 million for the nine months ended September 30, 2013 and $(5,606) million, $68 million and $5,554 million for the nine months ended September 30, 2012, respectively. Dividends from GECC to GE of $3,947 million and $5,446 million have been eliminated from consolidated cash from operating and financing activities for the nine months ended September 30, 2013 and 2012, respectively. Net decrease (increase) in GE customer receivables sold to GECC of $918 million, $(900) million, and $(18) million have been eliminated from consolidated cash from operating, investing and financing activities for the nine months ended September 30, 2013, respectively. Net decrease (increase) in GE customer receivables sold to GECC of $(59) million, $209 million, and $(150) million have been eliminated from consolidated cash from operating, investing and financing activities for the nine months ended September 30, 2012, respectively. Intercompany borrowings (includes GE investment in GECC short-term borrowings) of $146 million and $258 million have been eliminated from financing activities for the nine months ended September 30, 2013 and 2012, respectively. Other reclassifications and eliminations of $603 million and $(101) million have been eliminated from consolidated cash from operating activities and $(655) million and $(141) million have been eliminated from consolidated cash from investing activities for the nine months ended September 30, 2013 and 2012, respectively. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policy) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of Presentation and Summary of Significant Accounting Policies | ' |
1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accompanying condensed, consolidated financial statements represent the consolidation of General Electric Company (the Company) and all companies that we directly or indirectly control, either through majority ownership or otherwise. See Note 1 to the consolidated financial statements in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012 (2012 consolidated financial statements), which discusses our consolidation and financial statement presentation. As used in this report on Form 10-Q (Report), “GE” represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), whose continuing operations are presented on a one-line basis; GECC consists of General Electric Capital Corporation and all of its affiliates; and “Consolidated” represents the adding together of GE and GECC with the effects of transactions between the two eliminated. Unless otherwise indicated, we refer to the caption revenues and other income simply as “revenues” throughout Item 1 of this Form 10-Q. | |
We have reclassified certain prior-period amounts to conform to the current-period presentation. Unless otherwise indicated, information in these notes to the condensed, consolidated financial statements relates to continuing operations. | |
Accounting Changes Policy | ' |
Accounting Changes | |
On January 1, 2012, we adopted Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2011-05, an amendment to Accounting Standards Codification (ASC) 220, Comprehensive Income. ASU 2011-05 introduced a new statement, the Consolidated Statement of Comprehensive Income. The amendments affect only the display of those components of equity categorized as other comprehensive income and do not change existing recognition and measurement requirements that determine net earnings. | |
On January 1, 2012, we adopted FASB ASU 2011-04, an amendment to ASC 820, Fair Value Measurements. ASU 2011-04 clarifies or changes the application of existing fair value measurements, including: that the highest and best use valuation premise in a fair value measurement is relevant only when measuring the fair value of nonfinancial assets; that a reporting entity should measure the fair value of its own equity instrument from the perspective of a market participant that holds that instrument as an asset; to permit an entity to measure the fair value of certain financial instruments on a net basis rather than based on its gross exposure when the reporting entity manages its financial instruments on the basis of such net exposure; that in the absence of a Level 1 input, a reporting entity should apply premiums and discounts when market participants would do so when pricing the asset or liability consistent with the unit of account; and that premiums and discounts related to size as a characteristic of the reporting entity's holding are not permitted in a fair value measurement. Adopting these amendments had no effect on the financial statements. For a description of how we estimate fair value and our process for reviewing fair value measurements classified as Level 3 in the fair value hierarchy, see Note 1 in our 2012 consolidated financial statements. | |
See Note 1 in our 2012 consolidated financial statements for a summary of our significant accounting policies. | |
Interim Period Presentation Policy | ' |
Interim Period Presentation | |
The condensed, consolidated financial statements and notes thereto are unaudited. These statements include all adjustments (consisting of normal recurring accruals) that we considered necessary to present a fair statement of our results of operations, financial position and cash flows. The results reported in these condensed, consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year. It is suggested that these condensed, consolidated financial statements be read in conjunction with the financial statements and notes thereto included in our 2012 consolidated financial statements. We label our quarterly information using a calendar convention, that is, first quarter is labeled as ending on March 31, second quarter as ending on June 30, and third quarter as ending on September 30. It is our longstanding practice to establish interim quarterly closing dates using a fiscal calendar, which requires our businesses to close their books on either a Saturday or Sunday, depending on the business. The effects of this practice are modest and only exist within a reporting year. The fiscal closing calendar for 2013 is available on our website, www.ge.com/secreports. | |
Summary_of_Operating_Segments_1
Summary of Operating Segments (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Summary of Operating Segments [Abstract] | ' | |||||||||||
Summary of operating segments | ' | |||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||
(Unaudited) | (Unaudited) | |||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||
Revenues(a) | ||||||||||||
Power & Water | $ | 6,498 | $ | 7,196 | $ | 17,038 | $ | 20,647 | ||||
Oil & Gas | 4,315 | 3,645 | 11,669 | 10,693 | ||||||||
Energy Management | 1,828 | 1,879 | 5,557 | 5,478 | ||||||||
Aviation | 5,364 | 4,781 | 15,741 | 14,527 | ||||||||
Healthcare | 4,304 | 4,307 | 13,083 | 13,107 | ||||||||
Transportation | 1,406 | 1,409 | 4,425 | 4,244 | ||||||||
Home & Business Solutions | 2,098 | 1,955 | 6,142 | 5,899 | ||||||||
Total industrial segment revenues | 25,813 | 25,172 | 73,655 | 74,595 | ||||||||
GE Capital | 10,670 | 11,274 | 33,185 | 33,968 | ||||||||
Total segment revenues | 36,483 | 36,446 | 106,840 | 108,563 | ||||||||
Corporate items and eliminations(a) | -758 | -192 | -982 | -832 | ||||||||
Consolidated revenues and other income | $ | 35,725 | $ | 36,254 | $ | 105,858 | $ | 107,731 | ||||
Segment profit(a) | ||||||||||||
Power & Water | $ | 1,289 | $ | 1,184 | $ | 3,095 | $ | 3,675 | ||||
Oil & Gas | 519 | 469 | 1,376 | 1,275 | ||||||||
Energy Management | 18 | 42 | 64 | 67 | ||||||||
Aviation | 1,091 | 924 | 3,094 | 2,708 | ||||||||
Healthcare | 665 | 620 | 1,986 | 1,899 | ||||||||
Transportation | 306 | 265 | 886 | 779 | ||||||||
Home & Business Solutions | 77 | 60 | 239 | 196 | ||||||||
Total industrial segment profit | 3,965 | 3,564 | 10,740 | 10,599 | ||||||||
GE Capital | 1,895 | 1,675 | 5,744 | 5,569 | ||||||||
Total segment profit | 5,860 | 5,239 | 16,484 | 16,168 | ||||||||
Corporate items and eliminations(a) | -1,905 | -1,018 | -4,267 | -3,550 | ||||||||
GE interest and other financial charges | -338 | -294 | -988 | -960 | ||||||||
GE provision for income taxes | -344 | -477 | -1,065 | -1,319 | ||||||||
Earnings from continuing operations attributable | ||||||||||||
to the Company | 3,273 | 3,450 | 10,164 | 10,339 | ||||||||
Earnings (loss) from discontinued operations, | ||||||||||||
net of taxes, attributable to the Company | -82 | 41 | -313 | -709 | ||||||||
Consolidated net earnings attributable to | ||||||||||||
the Company | $ | 3,191 | $ | 3,491 | $ | 9,851 | $ | 9,630 | ||||
Segment revenues includes both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, earnings attributable to noncontrolling interests of consolidated subsidiaries, GECC preferred stock dividends declared and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured – excluded in determining segment profit, which we sometimes refer to as “operating profit,” for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Home & Business Solutions; included in determining segment profit, which we sometimes refer to as “net earnings,” for GE Capital. | ||||||||||||
See accompanying notes. | ||||||||||||
Assets_and_Liabilities_of_Busi1
Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Discontinued Operations and Disposal Groups [Abstract] | ' | ||||||||||||
Businesses held for sale | ' | ||||||||||||
At | |||||||||||||
September 30, | December 31, | ||||||||||||
(In millions) | 2013 | 2012 | |||||||||||
Assets | |||||||||||||
Cash and equivalents | $ | 4 | $ | 74 | |||||||||
Financing receivables – net | - | 47 | |||||||||||
Property, plant and equipment – net | 26 | 31 | |||||||||||
Other intangible assets – net | 20 | 9 | |||||||||||
Other | 119 | 50 | |||||||||||
Assets of businesses held for sale | $ | 169 | $ | 211 | |||||||||
Liabilities | |||||||||||||
Short-term borrowings | $ | - | $ | 138 | |||||||||
Other | 42 | 19 | |||||||||||
Liabilities of businesses held for sale | $ | 42 | $ | 157 | |||||||||
Discontinued Operations | ' | ||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Operations | |||||||||||||
Total revenues and other income (loss) | $ | 79 | $ | -17 | $ | 109 | $ | -160 | |||||
Earnings (loss) from discontinued operations | |||||||||||||
before income taxes | $ | 2 | $ | -139 | $ | -157 | $ | -587 | |||||
Benefit (provision) for income taxes | 9 | 30 | 151 | 187 | |||||||||
Earnings (loss) from discontinued operations, | |||||||||||||
net of taxes | $ | 11 | $ | -109 | $ | -6 | $ | -400 | |||||
Disposal | |||||||||||||
Gain (loss) on disposal before income taxes | $ | -108 | $ | -4 | $ | -390 | $ | -506 | |||||
Benefit (provision) for income taxes | 15 | 154 | 83 | 197 | |||||||||
Gain (loss) on disposal, net of taxes | $ | -93 | $ | 150 | $ | -307 | $ | -309 | |||||
Earnings (loss) from discontinued operations, | |||||||||||||
net of taxes(a) | $ | -82 | $ | 41 | $ | -313 | $ | -709 | |||||
(a) The sum of GE industrial earnings (loss) from discontinued operations, net of taxes, and GECC earnings (loss) from discontinued operations, net of taxes, is reported as GE earnings (loss) from discontinued operations, net of taxes, on the Condensed Statement of Earnings. | |||||||||||||
At | |||||||||||||
September 30, | December 31, | ||||||||||||
(In millions) | 2013 | 2012 | |||||||||||
Assets | |||||||||||||
Cash and equivalents | $ | 108 | $ | 102 | |||||||||
Property, plant and equipment - net | 474 | 699 | |||||||||||
Other | 1,091 | 1,507 | |||||||||||
Assets of discontinued operations | $ | 1,673 | $ | 2,308 | |||||||||
Liabilities | |||||||||||||
Deferred income taxes | $ | 323 | $ | 372 | |||||||||
Other | 2,077 | 2,079 | |||||||||||
Liabilities of discontinued operations | $ | 2,400 | $ | 2,451 | |||||||||
Rollfoward of WMC's reserve and pending claims for WMC representation and warranty obligations | ' | ||||||||||||
Reserve | Pending claims | ||||||||||||
(In millions) | Three months ended September 30, 2013 | Nine months ended September 30, 2013 | (In millions) | Three months ended September 30, 2013 | Nine months ended September 30, 2013 | ||||||||
Reserve, beginning of period | $ | 787 | $ | 633 | Pending claims, beginning of period | $ | 6,335 | $ | 5,357 | ||||
Provision | 18 | 172 | New claims | - | 978 | ||||||||
Claim resolutions/ rescissions | -5 | -5 | Claim resolutions/ rescissions | -24 | -24 | ||||||||
Reserve, end of period | $ | 800 | $ | 800 | Pending claims, end of period | $ | 6,311 | $ | 6,311 | ||||
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Investments, Debt and Equity Securities [Abstract] | ' | |||||||||||||||||||||||
Investments | ' | |||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||
Gross | Gross | Gross | Gross | |||||||||||||||||||||
Amortized | unrealized | unrealized | Estimated | Amortized | unrealized | unrealized | Estimated | |||||||||||||||||
(In millions) | cost | gains | losses | fair value | cost | gains | losses | fair value | ||||||||||||||||
GE | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | $ | 22 | $ | 10 | $ | - | $ | 32 | $ | 39 | $ | - | $ | - | $ | 39 | ||||||||
Corporate – non-U.S. | 13 | 1 | - | 14 | 6 | - | - | 6 | ||||||||||||||||
Equity | ||||||||||||||||||||||||
Available-for-sale | 37 | 3 | - | 40 | 26 | - | - | 26 | ||||||||||||||||
Trading | 10 | - | - | 10 | 3 | - | - | 3 | ||||||||||||||||
82 | 14 | - | 96 | 74 | - | - | 74 | |||||||||||||||||
GECC | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | 20,050 | 2,516 | -209 | 22,357 | 20,233 | 4,201 | -302 | 24,132 | ||||||||||||||||
State and municipal | 4,187 | 246 | -189 | 4,244 | 4,084 | 575 | -113 | 4,546 | ||||||||||||||||
Residential mortgage- | ||||||||||||||||||||||||
backed(a) | 1,944 | 146 | -59 | 2,031 | 2,198 | 183 | -119 | 2,262 | ||||||||||||||||
Commercial mortgage-backed | 2,919 | 194 | -88 | 3,025 | 2,930 | 259 | -95 | 3,094 | ||||||||||||||||
Asset-backed | 6,533 | 8 | -62 | 6,479 | 5,784 | 31 | -77 | 5,738 | ||||||||||||||||
Corporate – non-U.S. | 1,893 | 101 | -96 | 1,898 | 2,391 | 150 | -126 | 2,415 | ||||||||||||||||
Government – non-U.S. | 2,370 | 86 | -7 | 2,449 | 1,617 | 149 | -3 | 1,763 | ||||||||||||||||
U.S. government and federal | ||||||||||||||||||||||||
agency | 839 | 52 | -40 | 851 | 3,462 | 103 | - | 3,565 | ||||||||||||||||
Retained interests | 67 | 11 | - | 78 | 76 | 7 | - | 83 | ||||||||||||||||
Equity | ||||||||||||||||||||||||
Available-for-sale | 208 | 46 | -3 | 251 | 513 | 86 | -3 | 596 | ||||||||||||||||
Trading | 142 | - | - | 142 | 245 | - | - | 245 | ||||||||||||||||
41,152 | 3,406 | -753 | 43,805 | 43,533 | 5,744 | -838 | 48,439 | |||||||||||||||||
Eliminations | -4 | - | - | -4 | -3 | - | - | -3 | ||||||||||||||||
Total | $ | 41,230 | $ | 3,420 | $ | -753 | $ | 43,897 | $ | 43,604 | $ | 5,744 | $ | -838 | $ | 48,510 | ||||||||
(a) Substantially collateralized by U.S. mortgages. Of our total RMBS portfolio at September 30, 2013, $1,286 million relates to securities issued by government-sponsored entities and $745 million relates to securities of private label issuers. Securities issued by private label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions. | ||||||||||||||||||||||||
Schedule of investments, by type and length in continuous loss position | ' | |||||||||||||||||||||||
In loss position for | ||||||||||||||||||||||||
Less than 12 months | 12 months or more | |||||||||||||||||||||||
Gross | Gross | |||||||||||||||||||||||
Estimated | unrealized | Estimated | unrealized | |||||||||||||||||||||
(In millions) | fair value | losses | (a) | fair value | losses | (a) | ||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | $ | 2,120 | $ | -134 | $ | 416 | $ | -75 | ||||||||||||||||
State and municipal | 996 | -84 | 313 | -105 | ||||||||||||||||||||
Residential mortgage-backed | 237 | -9 | 511 | -50 | ||||||||||||||||||||
Commercial mortgage-backed | 292 | -26 | 773 | -62 | ||||||||||||||||||||
Asset-backed | 5,950 | -13 | 404 | -49 | ||||||||||||||||||||
Corporate – non-U.S. | 140 | -1 | 495 | -95 | ||||||||||||||||||||
Government – non-U.S. | 1,474 | -6 | 40 | -1 | ||||||||||||||||||||
U.S. government and federal agency | 444 | -40 | - | - | ||||||||||||||||||||
Retained interests | 9 | - | - | - | ||||||||||||||||||||
Equity | 17 | -3 | - | - | ||||||||||||||||||||
Total | $ | 11,679 | $ | -316 | $ | 2,952 | $ | -437 | ||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||
U.S. corporate | $ | 434 | $ | -7 | $ | 813 | $ | -295 | ||||||||||||||||
State and municipal | 146 | -2 | 326 | -111 | ||||||||||||||||||||
Residential mortgage-backed | 98 | -1 | 691 | -118 | ||||||||||||||||||||
Commercial mortgage-backed | 37 | - | 979 | -95 | ||||||||||||||||||||
Asset-backed | 18 | -1 | 658 | -76 | ||||||||||||||||||||
Corporate – non-U.S. | 167 | -8 | 602 | -118 | ||||||||||||||||||||
Government – non-U.S. | 201 | -1 | 37 | -2 | ||||||||||||||||||||
U.S. government and federal agency | - | - | - | - | ||||||||||||||||||||
Retained interests | 3 | - | - | - | ||||||||||||||||||||
Equity | 26 | -3 | - | - | ||||||||||||||||||||
Total | $ | 1,130 | $ | -23 | $ | 4,106 | $ | -815 | ||||||||||||||||
Includes gross unrealized losses at September 30, 2013 of $(131) million related to securities that had other-than-temporary impairments previously recognized. | ||||||||||||||||||||||||
Schedule of contractual maturities | ' | |||||||||||||||||||||||
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage-Backed and Asset-Backed Securities) | ||||||||||||||||||||||||
Amortized | Estimated | |||||||||||||||||||||||
(In millions) | cost | fair value | ||||||||||||||||||||||
Due | ||||||||||||||||||||||||
Within one year | $ | 2,784 | $ | 2,800 | ||||||||||||||||||||
After one year through five years | 3,502 | 3,720 | ||||||||||||||||||||||
After five years through ten years | 5,032 | 5,264 | ||||||||||||||||||||||
After ten years | 18,056 | 20,061 | ||||||||||||||||||||||
Supplemental gross realized gains losses on available-for-sale investment securities | ' | |||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||
GE | ||||||||||||||||||||||||
Gains | $ | - | $ | - | $ | 1 | $ | - | ||||||||||||||||
Losses, including impairments | - | - | -20 | - | ||||||||||||||||||||
Net | - | - | -19 | - | ||||||||||||||||||||
GECC | ||||||||||||||||||||||||
Gains | 34 | 26 | 219 | 85 | ||||||||||||||||||||
Losses, including impairments | -60 | -55 | -477 | -159 | ||||||||||||||||||||
Net | -26 | -29 | -258 | -74 | ||||||||||||||||||||
Total | $ | -26 | $ | -29 | $ | -277 | $ | -74 |
Inventories_Tables
Inventories (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Inventory, Net [Abstract] | ' | |||||
Inventories | ' | |||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Raw materials and work in process | $ | 10,642 | $ | 9,295 | ||
Finished goods | 6,974 | 6,099 | ||||
Unbilled shipments | 678 | 378 | ||||
18,294 | 15,772 | |||||
Less revaluation to LIFO | -351 | -398 | ||||
Total | $ | 17,943 | $ | 15,374 |
GECC_Financing_Receivables_and1
GECC Financing Receivables and Allowance for Losses on Financing Receivables (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Loans and Leases Receivable Disclosure [Abstract] | ' | |||||||||||||||||
GECC financing receivables | ' | |||||||||||||||||
At | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Loans, net of deferred income(a) | $ | 229,639 | $ | 241,465 | ||||||||||||||
Investment in financing leases, net of deferred income | 29,736 | 32,471 | ||||||||||||||||
259,375 | 273,936 | |||||||||||||||||
Less allowance for losses | -5,152 | -4,985 | ||||||||||||||||
Financing receivables – net(b) | $ | 254,223 | $ | 268,951 | ||||||||||||||
Deferred income was $1,963 million and $2,182 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
Financing receivables at September 30, 2013 and December 31, 2012 included $582 million and $750 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination. | ||||||||||||||||||
Financing receivables | ' | |||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Commercial | ||||||||||||||||||
CLL | ||||||||||||||||||
Americas | $ | 69,240 | $ | 72,517 | ||||||||||||||
Europe(a) | 35,529 | 37,037 | ||||||||||||||||
Asia | 9,573 | 11,401 | ||||||||||||||||
Other(a) | 468 | 603 | ||||||||||||||||
Total CLL | 114,810 | 121,558 | ||||||||||||||||
Energy Financial Services | 4,367 | 4,851 | ||||||||||||||||
GE Capital Aviation Services (GECAS) | 9,642 | 10,915 | ||||||||||||||||
Other | 393 | 486 | ||||||||||||||||
Total Commercial | 129,212 | 137,810 | ||||||||||||||||
Real Estate | 18,966 | 20,946 | ||||||||||||||||
Consumer | ||||||||||||||||||
Non-U.S. residential mortgages | 31,142 | 33,451 | ||||||||||||||||
Non-U.S. installment and revolving credit | 17,305 | 18,546 | ||||||||||||||||
U.S. installment and revolving credit | 51,799 | 50,853 | ||||||||||||||||
Non-U.S. auto | 3,524 | 4,260 | ||||||||||||||||
Other | 7,427 | 8,070 | ||||||||||||||||
Total Consumer | 111,197 | 115,180 | ||||||||||||||||
Total financing receivables | 259,375 | 273,936 | ||||||||||||||||
Less allowance for losses | -5,152 | -4,985 | ||||||||||||||||
Total financing receivables – net | $ | 254,223 | $ | 268,951 | ||||||||||||||
During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. | ||||||||||||||||||
Schedule of allowance for losses | ' | |||||||||||||||||
Allowance for Losses on Financing Receivables | ||||||||||||||||||
Balance at | Provision | Balance at | ||||||||||||||||
January 1, | charged to | Gross | September 30, | |||||||||||||||
(In millions) | 2013 | operations | Other | (a) | write-offs | (b) | Recoveries | (b) | 2013 | |||||||||
Commercial | ||||||||||||||||||
CLL | ||||||||||||||||||
Americas | $ | 490 | $ | 206 | $ | -1 | $ | -316 | $ | 91 | $ | 470 | ||||||
Europe | 445 | 205 | - | -369 | 61 | 342 | ||||||||||||
Asia | 80 | 60 | -9 | -65 | 9 | 75 | ||||||||||||
Other | 6 | -3 | - | -3 | - | - | ||||||||||||
Total CLL | 1,021 | 468 | -10 | -753 | 161 | 887 | ||||||||||||
Energy Financial | ||||||||||||||||||
Services | 9 | 2 | - | - | - | 11 | ||||||||||||
GECAS | 8 | 2 | - | - | - | 10 | ||||||||||||
Other | 3 | -1 | - | -2 | 2 | 2 | ||||||||||||
Total Commercial | 1,041 | 471 | -10 | -755 | 163 | 910 | ||||||||||||
Real Estate | 320 | -21 | -5 | -133 | 9 | 170 | ||||||||||||
Consumer | ||||||||||||||||||
Non-U.S. residential | ||||||||||||||||||
mortgages | 480 | 137 | -2 | -216 | 40 | 439 | ||||||||||||
Non-U.S. installment | ||||||||||||||||||
and revolving | ||||||||||||||||||
credit | 623 | 405 | -42 | -727 | 403 | 662 | ||||||||||||
U.S. installment and | ||||||||||||||||||
revolving credit | 2,282 | 2,198 | -50 | -2,118 | 409 | 2,721 | ||||||||||||
Non-U.S. auto | 67 | 51 | -11 | -96 | 56 | 67 | ||||||||||||
Other | 172 | 97 | 4 | -149 | 59 | 183 | ||||||||||||
Total Consumer | 3,624 | 2,888 | -101 | -3,306 | 967 | 4,072 | ||||||||||||
Total | $ | 4,985 | $ | 3,338 | $ | -116 | $ | -4,194 | $ | 1,139 | $ | 5,152 | ||||||
Other primarily included the effects of currency exchange. | ||||||||||||||||||
Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. | ||||||||||||||||||
Balance at | Provision | Balance at | ||||||||||||||||
January 1, | charged to | Gross | September 30, | |||||||||||||||
(In millions) | 2012 | operations | Other | (a) | write-offs | (b) | Recoveries | (b) | 2012 | |||||||||
Commercial | ||||||||||||||||||
CLL | ||||||||||||||||||
Americas | $ | 889 | $ | 67 | $ | -43 | $ | -423 | $ | 77 | $ | 567 | ||||||
Europe | 400 | 271 | -3 | -142 | 48 | 574 | ||||||||||||
Asia | 157 | 13 | -1 | -117 | 20 | 72 | ||||||||||||
Other | 4 | 9 | -1 | -10 | - | 2 | ||||||||||||
Total CLL | 1,450 | 360 | -48 | -692 | 145 | 1,215 | ||||||||||||
Energy Financial | ||||||||||||||||||
Services | 26 | 8 | - | -24 | 3 | 13 | ||||||||||||
GECAS | 17 | 7 | -1 | -11 | - | 12 | ||||||||||||
Other | 37 | 3 | -19 | -13 | 1 | 9 | ||||||||||||
Total Commercial | 1,530 | 378 | -68 | -740 | 149 | 1,249 | ||||||||||||
Real Estate | 1,089 | 101 | -7 | -455 | 8 | 736 | ||||||||||||
Consumer | ||||||||||||||||||
Non-U.S. residential | ||||||||||||||||||
mortgages | 546 | 66 | 5 | -213 | 63 | 467 | ||||||||||||
Non-U.S. installment | ||||||||||||||||||
and revolving credit | 717 | 270 | 22 | -798 | 443 | 654 | ||||||||||||
U.S. installment and | ||||||||||||||||||
revolving credit | 2,008 | 1,807 | -18 | -2,140 | 373 | 2,030 | ||||||||||||
Non-U.S. auto | 101 | 18 | -7 | -110 | 71 | 73 | ||||||||||||
Other | 199 | 88 | 15 | -193 | 62 | 171 | ||||||||||||
Total Consumer | 3,571 | 2,249 | 17 | -3,454 | 1,012 | 3,395 | ||||||||||||
Total | $ | 6,190 | $ | 2,728 | $ | -58 | $ | -4,649 | $ | 1,169 | $ | 5,380 | ||||||
Other primarily included transfers to held for sale and the effects of currency exchange. | ||||||||||||||||||
Net write-offs (gross write-offs less recoveries) in certain portfolios may exceed the beginning allowance for losses as a result of losses that are incurred subsequent to the beginning of the fiscal year due to information becoming available during the current year, which may identify further deterioration on existing financing receivables. | ||||||||||||||||||
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Property, Plant and Equipment [Abstract] | ' | |||||
Property, Plant and Equipment | ' | |||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Original cost | $ | 115,873 | $ | 115,006 | ||
Less accumulated depreciation and amortization | -47,132 | -45,962 | ||||
Property, plant and equipment – net | $ | 68,741 | $ | 69,044 |
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||||||||
Goodwill and other intangible assets | ' | |||||||||||||||||
At | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Goodwill | $ | 78,024 | $ | 73,175 | ||||||||||||||
Other intangible assets - net | ||||||||||||||||||
Intangible assets subject to amortization | $ | 14,074 | $ | 11,828 | ||||||||||||||
Indefinite-lived intangible assets(a) | 152 | 159 | ||||||||||||||||
Total | $ | 14,226 | $ | 11,987 | ||||||||||||||
(a) Indefinite-lived intangible assets principally comprised in-process research and development, trademarks and tradenames. | ||||||||||||||||||
Changes in goodwill balance | ' | |||||||||||||||||
Dispositions, | ||||||||||||||||||
Balance at | currency | Balance at | ||||||||||||||||
January 1, | exchange | September 30, | ||||||||||||||||
(In millions) | 2013 | Acquisitions | and other | 2013 | ||||||||||||||
Power & Water | $ | 8,821 | $ | - | $ | -3 | $ | 8,818 | ||||||||||
Oil & Gas | 8,365 | 2,240 | -75 | 10,530 | ||||||||||||||
Energy Management | 4,610 | - | -27 | 4,583 | ||||||||||||||
Aviation | 5,975 | 3,058 | -40 | 8,993 | ||||||||||||||
Healthcare | 16,762 | 38 | -28 | 16,772 | ||||||||||||||
Transportation | 999 | - | 22 | 1,021 | ||||||||||||||
Home & Business Solutions | 611 | - | -4 | 607 | ||||||||||||||
GE Capital | 27,032 | 24 | -360 | 26,696 | ||||||||||||||
Corporate | - | 4 | - | 4 | ||||||||||||||
Total | $ | 73,175 | $ | 5,364 | $ | -515 | $ | 78,024 | ||||||||||
Intangible assets subject to amortization | ' | |||||||||||||||||
Intangible Assets Subject to Amortization | ||||||||||||||||||
At | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Gross | Gross | |||||||||||||||||
carrying | Accumulated | carrying | Accumulated | |||||||||||||||
(In millions) | amount | amortization | Net | amount | amortization | Net | ||||||||||||
Customer-related | $ | 8,065 | $ | -2,321 | $ | 5,744 | $ | 6,978 | $ | -2,161 | $ | 4,817 | ||||||
Patents, licenses and trademarks | 6,452 | -2,777 | 3,675 | 6,172 | -2,595 | 3,577 | ||||||||||||
Capitalized software | 8,114 | -5,219 | 2,895 | 7,537 | -4,691 | 2,846 | ||||||||||||
Lease valuations | 731 | -510 | 221 | 1,163 | -792 | 371 | ||||||||||||
Present value of future profits(a) | 566 | -566 | - | 530 | -530 | - | ||||||||||||
All other | 1,983 | -444 | 1,539 | 636 | -419 | 217 | ||||||||||||
Total | $ | 25,911 | $ | -11,837 | $ | 14,074 | $ | 23,016 | $ | -11,188 | $ | 11,828 | ||||||
(a) Balances at September 30, 2013 and December 31, 2012 reflect adjustments of $327 million and $353 million, respectively, to the present value of future profits in our run-off insurance operation to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized. | ||||||||||||||||||
GECC_Borrowings_and_Bank_Depos1
GECC Borrowings and Bank Deposits (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Debt Disclosure [Abstract] | ' | |||||
GECC Borrowings | ' | |||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Short-term borrowings | ||||||
GE | ||||||
Commercial paper | $ | 300 | $ | 352 | ||
Payable to banks | 218 | 23 | ||||
Current portion of long-term borrowings | 73 | 5,068 | ||||
Other | 511 | 598 | ||||
Total GE short-term borrowings | 1,102 | 6,041 | ||||
GECC | ||||||
Commercial paper | ||||||
U.S. | 27,360 | 33,686 | ||||
Non-U.S. | 5,671 | 9,370 | ||||
Current portion of long-term borrowings(a)(b) | 38,065 | 44,264 | ||||
GE Interest Plus notes(c) | 8,482 | 8,189 | ||||
Other(b) | 252 | 431 | ||||
Total GECC short-term borrowings | 79,830 | 95,940 | ||||
Eliminations | -436 | -589 | ||||
Total short-term borrowings | $ | 80,496 | $ | 101,392 | ||
Long-term borrowings | ||||||
GE | ||||||
Senior notes | $ | 10,967 | $ | 10,963 | ||
Payable to banks, principally U.S. | 73 | 13 | ||||
Other | 453 | 452 | ||||
Total GE long-term borrowings | 11,493 | 11,428 | ||||
GECC | ||||||
Senior unsecured notes(a) | 191,118 | 199,646 | ||||
Subordinated notes(d) | 4,787 | 4,965 | ||||
Subordinated debentures(e) | 7,312 | 7,286 | ||||
Other(b) | 12,286 | 12,879 | ||||
Total GECC long-term borrowings | 215,503 | 224,776 | ||||
Eliminations | -124 | -120 | ||||
Total long-term borrowings | $ | 226,872 | $ | 236,084 | ||
Non-recourse borrowings of consolidated securitization entities(f) | $ | 29,966 | $ | 30,123 | ||
Bank deposits(g) | $ | 50,761 | $ | 46,461 | ||
Total borrowings and bank deposits | $ | 388,095 | $ | 414,060 | ||
(a) Included in total long-term borrowings were $526 million and $604 million of obligations to holders of GICs at September 30, 2013 and December 31, 2012, respectively. These obligations included conditions under which certain GIC holders could require immediate repayment of their investment should the long-term credit ratings of GECC fall below AA-/Aa3. The remaining outstanding GICs will continue to be subject to their scheduled maturities and individual terms, which may include provisions permitting redemption upon a downgrade of one or more of GECC's ratings, among other things. | ||||||
(b) Included $9,855 million and $9,757 million of funding secured by real estate, aircraft and other collateral at September 30, 2013 and December 31, 2012, respectively, of which $3,808 million and $3,294 million is non-recourse to GECC at September 30, 2013 and December 31, 2012, respectively. | ||||||
(c) Entirely variable denomination floating-rate demand notes. | ||||||
(d) Included $300 million of subordinated notes guaranteed by GE at both September 30, 2013 and December 31, 2012. | ||||||
(e) Subordinated debentures receive rating agency equity credit and were hedged at issuance to the U.S. dollar equivalent of $7,725 million. | ||||||
(f) Included at September 30, 2013 and December 31, 2012, were $7,099 million and $7,707 million of current portion of long-term borrowings, respectively, and $22,867 million and $22,416 million of long-term borrowings, respectively. See Note 18. | ||||||
(g) Included $15,847 million and $16,157 million of deposits in non-U.S. banks at September 30, 2013 and December 31, 2012, respectively, and $16,557 million and $17,291 million of certificates of deposits with maturities greater than one year at September 30, 2013 and December 31, 2012, respectively. | ||||||
Postretirement_Benefit_Plans_T
Postretirement Benefit Plans (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract] | ' | ||||||||||||
Effect on operations of the pension plans | ' | ||||||||||||
Principal Pension Plans | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Service cost for benefits earned | $ | 362 | $ | 356 | $ | 1,145 | $ | 1,044 | |||||
Prior service cost amortization | 62 | 70 | 185 | 210 | |||||||||
Expected return on plan assets | -875 | -939 | -2,625 | -2,830 | |||||||||
Interest cost on benefit obligation | 615 | 619 | 1,845 | 1,858 | |||||||||
Net actuarial loss amortization | 916 | 855 | 2,748 | 2,565 | |||||||||
Pension plans cost | $ | 1,080 | $ | 961 | $ | 3,298 | $ | 2,847 | |||||
Other Pension Plans | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Service cost for benefits earned | $ | 130 | $ | 98 | $ | 330 | $ | 292 | |||||
Prior service cost amortization | 2 | 1 | 6 | 3 | |||||||||
Expected return on plan assets | -170 | -155 | -496 | -467 | |||||||||
Interest cost on benefit obligation | 135 | 128 | 392 | 385 | |||||||||
Net actuarial loss amortization | 85 | 69 | 256 | 209 | |||||||||
Pension plans cost | $ | 182 | $ | 141 | $ | 488 | $ | 422 | |||||
Effect on operations of principal retiree health and life insurance plans | ' | ||||||||||||
Principal Retiree Health | |||||||||||||
and Life Insurance Plans | |||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Service cost for benefits earned | $ | 43 | $ | 58 | $ | 168 | $ | 168 | |||||
Prior service cost amortization | 98 | 126 | 294 | 418 | |||||||||
Expected return on plan assets | -15 | -19 | -45 | -56 | |||||||||
Interest cost on benefit obligation | 101 | 123 | 309 | 381 | |||||||||
Net actuarial loss (gain) amortization | -16 | 8 | -28 | 8 | |||||||||
Net curtailment / other gain | - | -39 | - | -39 | |||||||||
Retiree benefit plans cost | $ | 211 | $ | 257 | $ | 698 | $ | 880 |
Income_Taxes_Tables
Income Taxes (Tables) | 9 Months Ended | |||||
Sep. 30, 2013 | ||||||
Income Tax Disclosure [Abstract] | ' | |||||
Unrecognized tax benefits | ' | |||||
At | ||||||
September 30, | December 31, | |||||
(In millions) | 2013 | 2012 | ||||
Unrecognized tax benefits | $ | 5,933 | $ | 5,445 | ||
Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 4,462 | 4,032 | ||||
Accrued interest on unrecognized tax benefits | 1,038 | 961 | ||||
Accrued penalties on unrecognized tax benefits | 154 | 173 | ||||
Reasonably possible reduction to the balance of unrecognized tax benefits | ||||||
in succeeding 12 months | 0-1,400 | 0-800 | ||||
Portion that, if recognized, would reduce tax expense and effective tax rate(a) | 0-800 | 0-700 | ||||
(a) Some portion of such reduction may be reported as discontinued operations. | ||||||
Shareowners_Equity_Tables
Shareowners' Equity (Tables) | 9 Months Ended | |||||||||||||
Sep. 30, 2013 | ||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||
Accumulated other comprehensive income | ' | |||||||||||||
Accumulated Other Comprehensive Income (Loss) | ||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||
Investment securities | ||||||||||||||
Beginning balance | $ | 146 | $ | 472 | $ | 677 | $ | -30 | ||||||
Other comprehensive income (loss) (OCI) before reclassifications – | ||||||||||||||
net of deferred taxes of $67, $68, $(302) and $331 | 155 | 104 | -515 | 575 | ||||||||||
Reclassifications from OCI – net of deferred taxes | ||||||||||||||
of $11, $10, $124 and $28 | 15 | 18 | 153 | 45 | ||||||||||
Other comprehensive income (loss)(a) | 170 | 122 | -362 | 620 | ||||||||||
Less: OCI attributable to noncontrolling interests | 1 | 2 | - | -2 | ||||||||||
Balance at September 30 | $ | 315 | $ | 592 | $ | 315 | $ | 592 | ||||||
Currency translation adjustments (CTA) | ||||||||||||||
Beginning balance | $ | 358 | $ | -861 | $ | 412 | $ | 133 | ||||||
OCI before reclassifications – | ||||||||||||||
net of deferred taxes of $(12), $(193), $(326) and $(207) | -327 | 1,416 | -313 | 429 | ||||||||||
Reclassifications from OCI – net of deferred taxes | ||||||||||||||
of $7, $72, $85 and $67 | -56 | -120 | -156 | -123 | ||||||||||
Other comprehensive income (loss)(a) | -383 | 1,296 | -469 | 306 | ||||||||||
Less: OCI attributable to noncontrolling interests | 11 | 5 | -21 | 9 | ||||||||||
Balance at September 30 | $ | -36 | $ | 430 | $ | -36 | $ | 430 | ||||||
Cash flow hedges | ||||||||||||||
Beginning balance | $ | -430 | $ | -1,031 | $ | -722 | $ | -1,176 | ||||||
OCI before reclassifications – | ||||||||||||||
net of deferred taxes of $43, $285, $144 and $323 | 63 | -39 | 271 | 88 | ||||||||||
Reclassifications from OCI – net of deferred taxes | ||||||||||||||
of $(20), $(188), $(85) and $(208) | -5 | 104 | 80 | 122 | ||||||||||
Other comprehensive income (loss)(a) | 58 | 65 | 351 | 210 | ||||||||||
Less: OCI attributable to noncontrolling interests | -2 | -1 | -1 | -1 | ||||||||||
Balance at September 30 | $ | -370 | $ | -965 | $ | -370 | $ | -965 | ||||||
Benefit plans | ||||||||||||||
Beginning balance | $ | -18,537 | $ | -21,303 | $ | -20,597 | $ | -22,901 | ||||||
Prior service credit (costs) - net of deferred taxes | ||||||||||||||
of $0, $447, $0 and $447 | - | 783 | - | 783 | ||||||||||
Net actuarial gain (loss) – net of deferred taxes | ||||||||||||||
of $(7), $(302), $295 and $(236) | 9 | -556 | 548 | -460 | ||||||||||
Net curtailment/settlement - net of deferred taxes | ||||||||||||||
of $0, $0, $0 and $0 | - | -39 | - | -39 | ||||||||||
Prior service cost amortization – net of deferred taxes | ||||||||||||||
of $68, $80, $201 and $256 | 100 | 121 | 298 | 389 | ||||||||||
Net actuarial gain (loss) amortization – net of deferred taxes | ||||||||||||||
of $334, $319, $1,008 and $949 | 656 | 615 | 1,980 | 1,847 | ||||||||||
Other comprehensive income (loss)(a) | 765 | 924 | 2,826 | 2,520 | ||||||||||
Less: OCI attributable to noncontrolling interests | - | -1 | 1 | -3 | ||||||||||
Balance at September 30 | $ | -17,772 | $ | -20,378 | $ | -17,772 | $ | -20,378 | ||||||
Accumulated other comprehensive income (loss) at | ||||||||||||||
30-Sep | $ | -17,863 | $ | -20,321 | $ | -17,863 | $ | -20,321 | ||||||
Total other comprehensive income (loss) was $610 million and $2,407 million for the three months ended September 30, 2013 and 2012, respectively, and $2,346 million and $3,656 million for the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||
Reclassification out of Accumulated Other Comprehensive Income | ' | |||||||||||||
Reclassification out of AOCI | ||||||||||||||
Components of AOCI | Three months ended September 30, | Nine months ended September 30, | Statement of Earnings Caption | |||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||
Available-for-sale securities | ||||||||||||||
Realized gains (losses) on | ||||||||||||||
sale/impairment of securities | $ | -26 | $ | -28 | $ | -277 | $ | -73 | Other income | |||||
11 | 10 | 124 | 28 | Tax (expense) or benefit | ||||||||||
$ | -15 | $ | -18 | $ | -153 | $ | -45 | Net of tax | ||||||
Currency translation adjustments | ||||||||||||||
Gains (losses) on dispositions | $ | 49 | $ | 48 | $ | 71 | $ | 56 | Costs and expenses | |||||
7 | 72 | 85 | 67 | Tax (expense) or benefit | ||||||||||
$ | 56 | $ | 120 | $ | 156 | $ | 123 | Net of tax | ||||||
Cash flow hedges | ||||||||||||||
Gains (losses) on interest rate derivatives | $ | -88 | $ | -118 | $ | -282 | $ | -384 | Interest and other financial charges | |||||
Foreign exchange contracts | 62 | 245 | 168 | 580 | (a) | |||||||||
Other | 51 | -43 | 119 | -110 | (b) | |||||||||
25 | 84 | 5 | 86 | Total before tax | ||||||||||
-20 | -188 | -85 | -208 | Tax (expense) or benefit | ||||||||||
$ | 5 | $ | -104 | $ | -80 | $ | -122 | Net of tax | ||||||
Benefit plan items | ||||||||||||||
Amortization of prior service costs | $ | -168 | $ | -201 | $ | -499 | $ | -645 | (c) | |||||
Amortization of actuarial gains (losses) | -990 | -934 | -2,988 | -2,796 | (c) | |||||||||
-1,158 | -1,135 | -3,487 | -3,441 | Total before tax | ||||||||||
402 | 399 | 1,209 | 1,205 | Tax (expense) or benefit | ||||||||||
$ | -756 | $ | -736 | $ | -2,278 | $ | -2,236 | Net of tax | ||||||
Total reclassification adjustments | $ | -710 | $ | -738 | $ | -2,355 | $ | -2,280 | Net of tax | |||||
Includes $73 million and $268 million in GECC revenues from services and $(11) million and $(23) million in interest and other financial charges for the three months ended September 30, 2013 and 2012, respectively, and $210 million and $673 million in GECC revenues from services and $(42) million and $(93) million in interest and other financial charges for the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||
Primarily included in costs and expenses. | ||||||||||||||
Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 9 for further information. | ||||||||||||||
Changes to noncontrolling interests | ' | |||||||||||||
Noncontrolling Interests | ||||||||||||||
A summary of changes to noncontrolling interests follows | ||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||
Beginning balance | $ | 6,302 | $ | 3,780 | $ | 5,444 | $ | 1,696 | ||||||
Net earnings (loss) | -10 | 17 | 140 | 88 | ||||||||||
GECC issuance of preferred stock | - | 1,733 | 990 | 3,960 | ||||||||||
GECC preferred stock dividend | - | - | -135 | - | ||||||||||
Dividends | -9 | -21 | -72 | -35 | ||||||||||
Dispositions | -15 | - | -119 | - | ||||||||||
AOCI and other | 85 | -45 | 105 | -245 | ||||||||||
Ending balance | $ | 6,353 | $ | 5,464 | $ | 6,353 | $ | 5,464 | ||||||
GECC_Revenues_from_Services_Ta
GECC Revenues from Services (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Financial Services Revenue [Abstract] | ' | ||||||||||||
GECC Revenues from services | ' | ||||||||||||
Three months ended September 30, | Nine months ended September 30, | ||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | |||||||||
Interest on loans | $ | 4,585 | $ | 4,708 | $ | 13,608 | $ | 14,328 | |||||
Equipment leased to others | 2,435 | 2,531 | 7,397 | 7,720 | |||||||||
Fees | 1,199 | 1,173 | 3,499 | 3,493 | |||||||||
Investment income(a) | 514 | 636 | 1,502 | 1,971 | |||||||||
Financing leases | 395 | 392 | 1,220 | 1,455 | |||||||||
Associated companies | 406 | 451 | 852 | 1,146 | |||||||||
Premiums earned by insurance activities | 403 | 433 | 1,208 | 1,294 | |||||||||
Real estate investments(b) | 331 | 464 | 2,139 | 1,202 | |||||||||
Other items(a) | 369 | 452 | 1,670 | 1,269 | |||||||||
10,637 | 11,240 | 33,095 | 33,878 | ||||||||||
Eliminations | -427 | -312 | -1,160 | -953 | |||||||||
Total | $ | 10,210 | $ | 10,928 | $ | 31,935 | $ | 32,925 | |||||
Included net other-than-temporary impairments on investment securities of $56 million and $25 million in the three months ended September 30, 2013 and 2012, respectively, and $467 million and $89 million in the nine months ended September 30, 2013 and 2012, respectively, of which $96 million related to the impairment of an investment in a Brazilian company that was fully offset by the benefit of a guarantee provided by GE reflected as a component in other items for both the three and nine months ended September 30, 2013. | |||||||||||||
During the nine months ended September 30, 2013, we sold real estate comprising certain floors located at 30 Rockefeller Center, New York for a pre-tax gain of $902 million. | |||||||||||||
Earnings_Per_Share_Information1
Earnings Per Share Information (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Earnings Per Share [Abstract] | ' | |||||||||||
Calculation of earnings per share | ' | |||||||||||
Three months ended September 30, | ||||||||||||
2013 | 2012 | |||||||||||
(In millions; per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | ||||||||
Amounts attributable to the Company: | ||||||||||||
Consolidated | ||||||||||||
Earnings from continuing operations attributable to | ||||||||||||
common shareowners for per-share calculation(a)(b) | $ | 3,259 | $ | 3,269 | $ | 3,445 | $ | 3,445 | ||||
Earnings (loss) from discontinued operations | ||||||||||||
for per-share calculation(a) | -92 | -82 | 41 | 41 | ||||||||
Net earnings attributable to GE common | ||||||||||||
shareowners for per-share calculation(a) | $ | 3,177 | $ | 3,187 | $ | 3,486 | $ | 3,486 | ||||
Average equivalent shares | ||||||||||||
Shares of GE common stock outstanding | 10,151 | 10,151 | 10,523 | 10,523 | ||||||||
Employee compensation-related shares (including | ||||||||||||
stock options) and warrants | 72 | - | 45 | - | ||||||||
Total average equivalent shares | 10,223 | 10,151 | 10,568 | 10,523 | ||||||||
Per-share amounts | ||||||||||||
Earnings from continuing operations | $ | 0.32 | $ | 0.32 | $ | 0.33 | $ | 0.33 | ||||
Earnings (loss) from discontinued operations | -0.01 | -0.01 | - | - | ||||||||
Net earnings | 0.31 | 0.31 | 0.33 | 0.33 | ||||||||
Included an insignificant amount of dividend equivalents in each of the periods presented. | ||||||||||||
(b) Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the three months ended September 30, 2013. | ||||||||||||
Nine months ended September 30, | ||||||||||||
2013 | 2012 | |||||||||||
(In millions; per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | ||||||||
Amounts attributable to the Company: | ||||||||||||
Consolidated | ||||||||||||
Earnings from continuing operations attributable to | ||||||||||||
common shareowners for per-share calculation(a)(b) | $ | 10,150 | $ | 10,150 | $ | 10,325 | $ | 10,325 | ||||
Earnings (loss) from discontinued operations | ||||||||||||
for per-share calculation(a) | -312 | -312 | -707 | -707 | ||||||||
Net earnings attributable to GE common | ||||||||||||
shareowners for per-share calculation(a) | $ | 9,838 | $ | 9,838 | $ | 9,617 | $ | 9,617 | ||||
Average equivalent shares | ||||||||||||
Shares of GE common stock outstanding | 10,262 | 10,262 | 10,552 | 10,552 | ||||||||
Employee compensation-related shares (including | ||||||||||||
stock options) and warrants | 65 | - | 38 | - | ||||||||
Total average equivalent shares | 10,328 | 10,262 | 10,590 | 10,552 | ||||||||
Per-share amounts | ||||||||||||
Earnings from continuing operations | $ | 0.98 | $ | 0.99 | $ | 0.98 | $ | 0.98 | ||||
Earnings (loss) from discontinued operations | -0.03 | -0.03 | -0.07 | -0.07 | ||||||||
Net earnings | 0.95 | 0.96 | 0.91 | 0.91 | ||||||||
(a) Included an insignificant amount of dividend equivalents in each of the periods presented. | ||||||||||||
(b) Included the dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock for the nine months ended September 30, 2013. | ||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||||||||||||||||
Assets and liabilities at fair value | ' | |||||||||||||||||||||||||||||||
Netting | ||||||||||||||||||||||||||||||||
(In millions) | Level 1 | (a) | Level 2 | (a) | Level 3 | adjustment | (b) | Net balance | ||||||||||||||||||||||||
30-Sep-13 | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | - | $ | 19,091 | $ | 3,298 | $ | - | $ | 22,389 | ||||||||||||||||||||||
State and municipal | - | 4,150 | 94 | - | 4,244 | |||||||||||||||||||||||||||
Residential mortgage-backed | - | 1,943 | 88 | - | 2,031 | |||||||||||||||||||||||||||
Commercial mortgage-backed | - | 3,011 | 14 | - | 3,025 | |||||||||||||||||||||||||||
Asset-backed(c) | - | 541 | 5,938 | - | 6,479 | |||||||||||||||||||||||||||
Corporate – non-U.S. | 63 | 796 | 1,053 | - | 1,912 | |||||||||||||||||||||||||||
Government – non-U.S. | 1,613 | 803 | 33 | - | 2,449 | |||||||||||||||||||||||||||
U.S. government and federal agency | - | 639 | 212 | - | 851 | |||||||||||||||||||||||||||
Retained interests | - | - | 78 | - | 78 | |||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 245 | 31 | 11 | - | 287 | |||||||||||||||||||||||||||
Trading | 150 | 2 | - | - | 152 | |||||||||||||||||||||||||||
Derivatives(d) | - | 7,157 | 185 | -5,875 | 1,467 | |||||||||||||||||||||||||||
Other(e) | - | - | 718 | - | 718 | |||||||||||||||||||||||||||
Total | $ | 2,071 | $ | 38,164 | $ | 11,722 | $ | -5,875 | $ | 46,082 | ||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivatives | $ | - | $ | 5,198 | $ | 22 | $ | -4,437 | $ | 783 | ||||||||||||||||||||||
Other(f) | - | 1,036 | - | - | 1,036 | |||||||||||||||||||||||||||
Total | $ | - | $ | 6,234 | $ | 22 | $ | -4,437 | $ | 1,819 | ||||||||||||||||||||||
31-Dec-12 | ||||||||||||||||||||||||||||||||
Assets | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | - | $ | 20,580 | $ | 3,591 | $ | - | $ | 24,171 | ||||||||||||||||||||||
State and municipal | - | 4,469 | 77 | - | 4,546 | |||||||||||||||||||||||||||
Residential mortgage-backed | - | 2,162 | 100 | - | 2,262 | |||||||||||||||||||||||||||
Commercial mortgage-backed | - | 3,088 | 6 | - | 3,094 | |||||||||||||||||||||||||||
Asset-backed(c) | - | 715 | 5,023 | - | 5,738 | |||||||||||||||||||||||||||
Corporate – non-U.S. | 71 | 1,132 | 1,218 | - | 2,421 | |||||||||||||||||||||||||||
Government – non-U.S. | 702 | 1,019 | 42 | - | 1,763 | |||||||||||||||||||||||||||
U.S. government and federal agency | - | 3,288 | 277 | - | 3,565 | |||||||||||||||||||||||||||
Retained interests | - | - | 83 | - | 83 | |||||||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 590 | 16 | 13 | - | 619 | |||||||||||||||||||||||||||
Trading | 248 | - | - | - | 248 | |||||||||||||||||||||||||||
Derivatives(d) | - | 11,432 | 434 | -7,926 | 3,940 | |||||||||||||||||||||||||||
Other(e) | 35 | - | 799 | - | 834 | |||||||||||||||||||||||||||
Total | $ | 1,646 | $ | 47,901 | $ | 11,663 | $ | -7,926 | $ | 53,284 | ||||||||||||||||||||||
Liabilities | ||||||||||||||||||||||||||||||||
Derivatives | $ | - | $ | 3,434 | $ | 20 | $ | -3,177 | $ | 277 | ||||||||||||||||||||||
Other(f) | - | 908 | - | - | 908 | |||||||||||||||||||||||||||
Total | $ | - | $ | 4,342 | $ | 20 | $ | -3,177 | $ | 1,185 | ||||||||||||||||||||||
(a) The fair value of securities transferred between Level 1 and Level 2 was $2 million in the nine months ended September 30, 2013. | ||||||||||||||||||||||||||||||||
(b) The netting of derivative receivables and payables (including the effects of any collateral posted or received) is permitted when a legally enforceable master netting agreement exists. | ||||||||||||||||||||||||||||||||
(c) Includes investments in our CLL business in asset-backed securities collateralized by senior secured loans of high-quality, middle-market companies in a variety of industries. | ||||||||||||||||||||||||||||||||
(d) The fair value of derivatives included an adjustment for non-performance risk. The cumulative adjustment was a gain (loss) of $(6) million and $(15) million at September 30, 2013 and December 31, 2012, respectively. See Note 16 for additional information on the composition of our derivative portfolio. | ||||||||||||||||||||||||||||||||
(e) Included private equity investments and loans designated under the fair value option. | ||||||||||||||||||||||||||||||||
(f) Primarily represented the liability associated with certain of our deferred incentive compensation plans. | ||||||||||||||||||||||||||||||||
Changes in level 3 instruments | ' | |||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Three Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||
(In millions) | change in | |||||||||||||||||||||||||||||||
Net realized/ | unrealized | |||||||||||||||||||||||||||||||
Net | unrealized | gains | ||||||||||||||||||||||||||||||
realized/ | gains (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
July 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2013 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2013 | 2013 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,229 | $ | 24 | $ | -32 | $ | 160 | $ | -34 | $ | -49 | $ | - | $ | - | $ | 3,298 | $ | - | ||||||||||||
State and municipal | 98 | - | -4 | 4 | - | -4 | - | - | 94 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 91 | - | -2 | - | - | -1 | - | - | 88 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | 5 | - | - | - | - | -1 | 10 | - | 14 | - | ||||||||||||||||||||||
Asset-backed | 5,346 | 1 | 36 | 569 | - | -14 | - | - | 5,938 | - | ||||||||||||||||||||||
Corporate – non-U.S. | 1,197 | -29 | -2 | 1,827 | - | -1,930 | - | -10 | 1,053 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 38 | 1 | -6 | - | - | - | - | - | 33 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 264 | - | -52 | - | - | - | - | - | 212 | - | ||||||||||||||||||||||
Retained interests | 93 | - | -11 | - | - | -4 | - | - | 78 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 10 | - | - | - | - | - | 1 | - | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 167 | 1 | 1 | -1 | - | 2 | 2 | -1 | 171 | 13 | ||||||||||||||||||||||
Other | 854 | 16 | -1 | 148 | -295 | - | - | -4 | 718 | -34 | ||||||||||||||||||||||
Total | $ | 11,392 | $ | 14 | $ | -73 | $ | 2,707 | $ | -329 | $ | -2,001 | $ | 13 | $ | -15 | $ | 11,708 | $ | -21 | ||||||||||||
(a) Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
(b) Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
(c) Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
(d) Represented derivative assets net of derivative liabilities and included cash accruals of $8 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
(e) Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Three Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Net | ||||||||||||||||||||||||||||||||
(In millions) | change in | |||||||||||||||||||||||||||||||
Net realized/ | unrealized | |||||||||||||||||||||||||||||||
Net | unrealized | gains | ||||||||||||||||||||||||||||||
realized/ | gains (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
July 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2012 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2012 | 2012 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,372 | $ | 10 | $ | 32 | $ | 71 | $ | -34 | $ | -16 | $ | 144 | $ | - | $ | 3,579 | $ | - | ||||||||||||
State and municipal | 81 | - | 8 | 12 | - | -1 | 78 | -25 | 153 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 97 | - | -2 | 1 | - | - | 5 | -67 | 34 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | - | - | - | - | - | - | 6 | - | 6 | - | ||||||||||||||||||||||
Asset-backed | 4,304 | -3 | 90 | 483 | -58 | 5 | 4 | -6 | 4,819 | - | ||||||||||||||||||||||
Corporate – non-U.S. | 1,363 | -7 | 20 | 18 | -30 | -59 | - | -10 | 1,295 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 51 | - | 2 | - | - | -12 | - | - | 41 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 261 | - | 6 | - | - | - | - | - | 267 | - | ||||||||||||||||||||||
Retained interests | 31 | 1 | - | 3 | -3 | -3 | - | - | 29 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 14 | - | - | - | - | -1 | 1 | -3 | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 348 | 41 | - | -8 | 3 | -25 | - | -1 | 358 | 40 | ||||||||||||||||||||||
Other | 785 | -7 | 9 | 52 | -58 | - | - | - | 781 | -10 | ||||||||||||||||||||||
Total | $ | 10,707 | $ | 35 | $ | 165 | $ | 632 | $ | -180 | $ | -112 | $ | 238 | $ | -112 | $ | 11,373 | $ | 30 | ||||||||||||
Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
Represented derivative assets net of derivative liabilities and included cash accruals of $4 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Nine Months Ended September 30, 2013 | ||||||||||||||||||||||||||||||||
Net | Net | |||||||||||||||||||||||||||||||
(In millions) | realized/ | change in | ||||||||||||||||||||||||||||||
unrealized | unrealized | |||||||||||||||||||||||||||||||
Net | gains | gains | ||||||||||||||||||||||||||||||
realized/ | (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
January 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2013 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2013 | 2013 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,591 | $ | -247 | $ | 184 | $ | 257 | $ | -383 | $ | -139 | $ | 108 | $ | -73 | $ | 3,298 | $ | - | ||||||||||||
State and municipal | 77 | - | -8 | 20 | - | -5 | 10 | - | 94 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 100 | - | -4 | - | -2 | -6 | - | - | 88 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | 6 | - | - | - | - | -2 | 10 | - | 14 | - | ||||||||||||||||||||||
Asset-backed | 5,023 | 3 | -32 | 1,479 | -1 | -539 | 12 | -7 | 5,938 | - | ||||||||||||||||||||||
Corporate | ||||||||||||||||||||||||||||||||
– non-U.S. | 1,218 | -112 | 18 | 4,637 | -3 | -4,672 | 21 | -54 | 1,053 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 42 | 1 | -10 | - | - | - | - | - | 33 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 277 | - | -65 | - | - | - | - | - | 212 | - | ||||||||||||||||||||||
Retained interests | 83 | 5 | 5 | 2 | - | -17 | - | - | 78 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 13 | - | - | - | - | - | - | -2 | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 416 | -52 | 2 | -2 | - | -221 | 28 | - | 171 | -30 | ||||||||||||||||||||||
Other | 799 | -81 | 3 | 352 | -351 | - | - | -4 | 718 | -121 | ||||||||||||||||||||||
Total | $ | 11,645 | $ | -483 | $ | 93 | $ | 6,745 | $ | -740 | $ | -5,601 | $ | 189 | $ | -140 | $ | 11,708 | $ | -151 | ||||||||||||
Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
Represented derivative assets net of derivative liabilities and included cash accruals of $8 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Changes in Level 3 Instruments for the Nine Months Ended September 30, 2012 | ||||||||||||||||||||||||||||||||
Net | Net | |||||||||||||||||||||||||||||||
(In millions) | realized/ | change in | ||||||||||||||||||||||||||||||
unrealized | unrealized | |||||||||||||||||||||||||||||||
Net | gains | gains | ||||||||||||||||||||||||||||||
realized/ | (losses) | (losses) | ||||||||||||||||||||||||||||||
unrealized | included in | relating to | ||||||||||||||||||||||||||||||
Balance | gains | accumulated | Balance | instruments | ||||||||||||||||||||||||||||
at | (losses) | other | Transfers | Transfers | at | still held at | ||||||||||||||||||||||||||
January 1, | included | comprehensive | into | out of | September 30, | September 30, | ||||||||||||||||||||||||||
2012 | in earnings | (a) | income | Purchases | Sales | Settlements | Level 3 | (b) | Level 3 | (b) | 2012 | 2012 | (c) | |||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 3,235 | $ | 69 | $ | -2 | $ | 203 | $ | -105 | $ | -63 | $ | 260 | $ | -18 | $ | 3,579 | $ | - | ||||||||||||
State and municipal | 77 | - | 11 | 13 | - | -1 | 78 | -25 | 153 | - | ||||||||||||||||||||||
Residential | ||||||||||||||||||||||||||||||||
mortgage-backed | 41 | -3 | 1 | 1 | - | -3 | 74 | -77 | 34 | - | ||||||||||||||||||||||
Commercial | ||||||||||||||||||||||||||||||||
mortgage-backed | 4 | - | - | - | -1 | - | 6 | -3 | 6 | - | ||||||||||||||||||||||
Asset-backed | 4,040 | - | 43 | 881 | -164 | 5 | 20 | -6 | 4,819 | - | ||||||||||||||||||||||
Corporate | ||||||||||||||||||||||||||||||||
– non-U.S. | 1,204 | -19 | 17 | 334 | -30 | -137 | 23 | -97 | 1,295 | - | ||||||||||||||||||||||
Government | ||||||||||||||||||||||||||||||||
– non-U.S. | 84 | -34 | 37 | 65 | -72 | -39 | - | - | 41 | - | ||||||||||||||||||||||
U.S. government and | ||||||||||||||||||||||||||||||||
federal agency | 253 | - | 14 | - | - | - | - | - | 267 | - | ||||||||||||||||||||||
Retained interests | 35 | 1 | -8 | 12 | -6 | -5 | - | - | 29 | - | ||||||||||||||||||||||
Equity | ||||||||||||||||||||||||||||||||
Available-for-sale | 17 | - | -2 | 3 | -4 | -1 | 1 | -3 | 11 | - | ||||||||||||||||||||||
Derivatives(d)(e) | 369 | 71 | -1 | 13 | - | -43 | -1 | -50 | 358 | 68 | ||||||||||||||||||||||
Other | 817 | 25 | -4 | 93 | -100 | - | - | -50 | 781 | 24 | ||||||||||||||||||||||
Total | $ | 10,176 | $ | 110 | $ | 106 | $ | 1,618 | $ | -482 | $ | -287 | $ | 461 | $ | -329 | $ | 11,373 | $ | 92 | ||||||||||||
Earnings effects are primarily included in the “GECC revenues from services” and “Interest and other financial charges” captions in the Condensed Statement of Earnings. | ||||||||||||||||||||||||||||||||
Transfers in and out of Level 3 are considered to occur at the beginning of the period. Transfers out of Level 3 were a result of increased use of quotes from independent pricing vendors based on recent trading activity. | ||||||||||||||||||||||||||||||||
Represented the amount of unrealized gains or losses for the period included in earnings. | ||||||||||||||||||||||||||||||||
Represented derivative assets net of derivative liabilities and included cash accruals of $4 million not reflected in the fair value hierarchy table. | ||||||||||||||||||||||||||||||||
Gains (losses) included in net realized/unrealized gains (losses) included in earnings were offset by the earnings effects from the underlying items that were economically hedged. See Note 16. | ||||||||||||||||||||||||||||||||
Non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis | ' | |||||||||||||||||||||||||||||||
Remeasured during | Remeasured during | |||||||||||||||||||||||||||||||
the nine months ended | the year ended | |||||||||||||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||||||||||||||||
(In millions) | Level 2 | Level 3 | Level 2 | Level 3 | ||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | 148 | $ | 2,693 | $ | 366 | $ | 4,094 | ||||||||||||||||||||||||
Cost and equity method investments(a) | 1 | 954 | 8 | 313 | ||||||||||||||||||||||||||||
Long-lived assets, including real estate | 946 | 2,126 | 702 | 2,182 | ||||||||||||||||||||||||||||
Total | $ | 1,095 | $ | 5,773 | $ | 1,076 | $ | 6,589 | ||||||||||||||||||||||||
(a) Includes the fair value of private equity and real estate funds included in Level 3 of $72 million and $84 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||||||||||||||||
Fair value adjustments to assets measured on a non-recurring basis | ' | |||||||||||||||||||||||||||||||
Three months ended September 30, | Nine months ended September 30, | |||||||||||||||||||||||||||||||
(In millions) | 2013 | 2012 | 2013 | 2012 | ||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | -107 | $ | -225 | $ | -257 | $ | -411 | ||||||||||||||||||||||||
Cost and equity method investments(a) | -45 | -50 | -276 | -105 | ||||||||||||||||||||||||||||
Long-lived assets, including real estate(b) | -366 | -451 | -855 | -650 | ||||||||||||||||||||||||||||
Total | $ | -518 | $ | -726 | $ | -1,388 | $ | -1,166 | ||||||||||||||||||||||||
(a) Includes fair value adjustments associated with private equity and real estate funds of $(4) million and $(1) million in the three months ended September 30, 2013 and 2012, respectively, and $(11) million and $(3) million in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
(b) Includes impairments related to real estate equity properties and investments recorded in other costs and expenses of $12 million and $71 million in the three months ended September 30, 2013 and 2012, respectively, and $226 million and $126 million in the nine months ended September 30, 2013 and 2012, respectively. | ||||||||||||||||||||||||||||||||
Significant Unobservable Inputs Used For Level Three Recurring And Nonrecurring Measurements [Table Text Block] | ' | |||||||||||||||||||||||||||||||
Fair value at | Range | |||||||||||||||||||||||||||||||
September 30, | Valuation | Unobservable | (weighted | |||||||||||||||||||||||||||||
(Dollars in millions) | 2013 | technique | inputs | average) | ||||||||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 1,249 | Income approach | Discount rate(a) | 1.5%-38.0% (14.6%) | |||||||||||||||||||||||||||
Asset-backed | 5,888 | Income approach | Discount rate(a) | 1.5%-10.5% (4.1%) | ||||||||||||||||||||||||||||
Corporate – non-U.S. | 747 | Income approach | Discount rate(a) | 0.8%-30.6% (14.0%) | ||||||||||||||||||||||||||||
Other financial assets | 579 | Income approach, Market comparables | Weighted average cost of capital | 8.9%-9.2% (9.2%) | ||||||||||||||||||||||||||||
EBITDA multiple | 5.6X-8.2X (5.8X) | |||||||||||||||||||||||||||||||
Discount rate(a) | 4.7%-5.5% (5.2%) | |||||||||||||||||||||||||||||||
Capitalization rate(b) | 6.3%-7.5% (7.2%) | |||||||||||||||||||||||||||||||
Non-recurring fair value measurements | ||||||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | 1,915 | Income approach, Business enterprise value | Capitalization rate(b) | 5.5%-16.7% (8.0%) | |||||||||||||||||||||||||||
EBITDA multiple | 4.3X-7.0X (5.8X) | |||||||||||||||||||||||||||||||
Cost and equity method investments | 387 | Income approach | Discount rate(a) | 11.5%-11.5% (11.5%) | ||||||||||||||||||||||||||||
Discount for lack | 5.7%-5.9% (5.8%) | |||||||||||||||||||||||||||||||
of marketability | ||||||||||||||||||||||||||||||||
Capitalization rate(b) | 8.5%-10.6% (10.2%) | |||||||||||||||||||||||||||||||
Long-lived assets, including real estate | 622 | Income approach | Capitalization rate(b) | 5.4%-14.5% (8.3%) | ||||||||||||||||||||||||||||
Fair value at | Range | |||||||||||||||||||||||||||||||
December 31, | Valuation | Unobservable | (weighted | |||||||||||||||||||||||||||||
2012 | technique | inputs | average) | |||||||||||||||||||||||||||||
Recurring fair value measurements | ||||||||||||||||||||||||||||||||
Investment securities | ||||||||||||||||||||||||||||||||
Debt | ||||||||||||||||||||||||||||||||
U.S. corporate | $ | 1,652 | Income approach | Discount rate(a) | 1.3%-29.9% (11.1%) | |||||||||||||||||||||||||||
Asset-backed | 4,977 | Income approach | Discount rate(a) | 2.1%-13.1% (3.8%) | ||||||||||||||||||||||||||||
Corporate – non-U.S. | 865 | Income approach | Discount rate(a) | 1.5%-25.0% (13.2%) | ||||||||||||||||||||||||||||
Other financial assets | 633 | Income approach, Market comparables | Weighted average cost of capital | 8.7%-10.2% (8.7%) | ||||||||||||||||||||||||||||
EBITDA multiple | 4.9X-10.6X (7.9X) | |||||||||||||||||||||||||||||||
Non-recurring fair value measurements | ||||||||||||||||||||||||||||||||
Financing receivables and loans held for sale | $ | 2,835 | Income approach, Business enterprise value | Capitalization rate(b) | 3.8%-14.0% (8.0%) | |||||||||||||||||||||||||||
EBITDA multiple | 2.0X-6.0X (4.8X) | |||||||||||||||||||||||||||||||
Cost and equity method investments | 72 | Income approach | Capitalization rate(b) | 9.2%-12.8% (12.0%) | ||||||||||||||||||||||||||||
Long-lived assets, including real estate | 985 | Income approach | Capitalization rate(b) | 4.8%-14.6% (7.3%) | ||||||||||||||||||||||||||||
Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value. | ||||||||||||||||||||||||||||||||
Represents the rate of return on net operating income that is considered acceptable for an investor and is used to determine a property's capitalized value. An increase in the capitalization rate would result in a decrease in the fair value. | ||||||||||||||||||||||||||||||||
Financial_Instruments_Tables
Financial Instruments (Tables) | 9 Months Ended | |||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||
Financial Instruments [Abstract] | ' | |||||||||||||||||
Estimated fair value of assets and liabilities | ' | |||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Assets (liabilities) | Assets (liabilities) | |||||||||||||||||
Carrying | Carrying | |||||||||||||||||
Notional | amount | Estimated | Notional | amount | Estimated | |||||||||||||
(In millions) | amount | (net) | fair value | amount | (net) | fair value | ||||||||||||
GE | ||||||||||||||||||
Assets | ||||||||||||||||||
Investments and notes | ||||||||||||||||||
receivable | $ | (a) | $ | 440 | $ | 448 | $ | (a) | $ | 222 | $ | 222 | ||||||
Liabilities | ||||||||||||||||||
Borrowings(b) | (a) | -12,595 | -13,123 | (a) | -17,469 | -18,619 | ||||||||||||
GECC | ||||||||||||||||||
Assets | ||||||||||||||||||
Loans | (a) | 224,691 | 228,490 | (a) | 236,678 | 239,084 | ||||||||||||
Other commercial mortgages | (a) | 2,012 | 1,956 | (a) | 2,222 | 2,249 | ||||||||||||
Loans held for sale | (a) | 357 | 357 | (a) | 1,180 | 1,181 | ||||||||||||
Other financial instruments(c) | (a) | 1,720 | 2,247 | (a) | 1,858 | 2,276 | ||||||||||||
Liabilities | ||||||||||||||||||
Borrowings and bank | ||||||||||||||||||
deposits(b)(d) | (a) | -376,060 | -388,415 | (a) | -397,300 | -414,533 | ||||||||||||
Investment contract benefits | (a) | -3,186 | -3,745 | (a) | -3,321 | -4,150 | ||||||||||||
Guaranteed investment | ||||||||||||||||||
contracts | (a) | -1,521 | -1,531 | (a) | -1,644 | -1,674 | ||||||||||||
Insurance – credit life(e) | 2,155 | -112 | -95 | 2,277 | -120 | -104 | ||||||||||||
(a) These financial instruments do not have notional amounts. | ||||||||||||||||||
(b) See Note 8. | ||||||||||||||||||
(c) Principally cost method investments. | ||||||||||||||||||
(d) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at September 30, 2013 and December 31, 2012 would have been reduced by $2,851 million and $7,937 million, respectively. | ||||||||||||||||||
(e) Net of reinsurance of $1,250 million and $2,000 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
Loan commitments | ' | |||||||||||||||||
Loan Commitments | ||||||||||||||||||
Notional amount at | ||||||||||||||||||
September 30, | December 31, | |||||||||||||||||
(In millions) | 2013 | 2012 | ||||||||||||||||
Ordinary course of business lending commitments(a) | $ | 4,781 | $ | 3,708 | ||||||||||||||
Unused revolving credit lines(b) | ||||||||||||||||||
Commercial(c) | 15,095 | 17,929 | ||||||||||||||||
Consumer – principally credit cards | 284,855 | 271,387 | ||||||||||||||||
(a) Excluded investment commitments of $1,615 million and $1,276 million as of September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
(b) Excluded inventory financing arrangements, which may be withdrawn at our option, of $14,233 million and $12,813 million as of September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
(c) Included commitments of $10,776 million and $12,923 million as of September 30, 2013 and December 31, 2012, respectively, associated with secured financing arrangements that could have increased to a maximum of $13,461 million and $15,731 million at September 30, 2013 and December 31, 2012, respectively, based on asset volume under the arrangement. | ||||||||||||||||||
Fair value of derivatives by contract type | ' | |||||||||||||||||
At | ||||||||||||||||||
30-Sep-13 | 31-Dec-12 | |||||||||||||||||
Fair value | Fair value | |||||||||||||||||
(In millions) | Assets | Liabilities | Assets | Liabilities | ||||||||||||||
Derivatives accounted for as hedges | ||||||||||||||||||
Interest rate contracts | $ | 4,339 | 1,630 | $ | 8,443 | $ | 719 | |||||||||||
Currency exchange contracts | 906 | 1,593 | 890 | 1,777 | ||||||||||||||
Other contracts | 1 | 3 | 1 | - | ||||||||||||||
5,246 | 3,226 | 9,334 | 2,496 | |||||||||||||||
Derivatives not accounted for as hedges | ||||||||||||||||||
Interest rate contracts | 304 | 158 | 452 | 195 | ||||||||||||||
Currency exchange contracts | 1,589 | 1,792 | 1,797 | 691 | ||||||||||||||
Other contracts | 203 | 44 | 283 | 72 | ||||||||||||||
2,096 | 1,994 | 2,532 | 958 | |||||||||||||||
Gross derivatives recognized in statement of | ||||||||||||||||||
financial position | ||||||||||||||||||
Gross derivatives | 7,342 | 5,220 | 11,866 | 3,454 | ||||||||||||||
Gross accrued interest | 1,199 | 102 | 1,683 | 14 | ||||||||||||||
8,541 | 5,322 | 13,549 | 3,468 | |||||||||||||||
Amounts offset in statement of financial position | ||||||||||||||||||
Netting adjustments(a) | -3,819 | -3,813 | -2,801 | -2,786 | ||||||||||||||
Cash collateral(b) | -2,056 | -624 | -5,125 | -391 | ||||||||||||||
-5,875 | -4,437 | -7,926 | -3,177 | |||||||||||||||
Net derivatives recognized in statement of | ||||||||||||||||||
financial position | ||||||||||||||||||
Net derivatives | 2,666 | 885 | 5,623 | 291 | ||||||||||||||
Amounts not offset in statement of | ||||||||||||||||||
financial position | ||||||||||||||||||
Securities held as collateral(c) | -1,706 | - | -5,227 | - | ||||||||||||||
Net amount | $ | 960 | $ | 885 | $ | 396 | $ | 291 | ||||||||||
Derivatives are classified in the captions “All other assets” and “All other liabilities” and the related accrued interest is classified in “Other GECC receivables” and “All other liabilities” in our financial statements. | ||||||||||||||||||
(a) The netting of derivative receivables and payables is permitted when a legally enforceable master netting agreement exists. Amounts included fair value adjustments related to our own and counterparty non-performance risk. At September 30, 2013 and December 31, 2012, the cumulative adjustment for non-performance risk was a gain (loss) of $(6) million and $(15) million, respectively. | ||||||||||||||||||
(b) Excludes excess cash collateral received and posted of $24 million and $11 million at September 30, 2013, respectively, and $42 million and $10 million at December 31, 2012, respectively. | ||||||||||||||||||
(c) Excludes excess securities collateral received of $53 million and $359 million at September 30, 2013 and December 31, 2012, respectively. | ||||||||||||||||||
Fair value hedges | ' | |||||||||||||||||
Three months ended September 30, | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
(In millions) | Gain (loss) | Gain (loss) | Gain (loss) | Gain (loss) | ||||||||||||||
on hedging | on hedged | on hedging | on hedged | |||||||||||||||
derivatives | items | derivatives | items | |||||||||||||||
Interest rate contracts | $ | -449 | $ | 410 | $ | 441 | $ | -552 | ||||||||||
Currency exchange contracts | -4 | 3 | 8 | -10 | ||||||||||||||
Fair value hedges resulted in $(40) million and $(113) million of ineffectiveness in the three months ended September 30, 2013 and 2012, respectively. In both the three months ended September 30, 2013 and 2012, there were insignificant amounts excluded from the assessment of effectiveness. | ||||||||||||||||||
Nine months ended September 30, | ||||||||||||||||||
2013 | 2012 | |||||||||||||||||
(In millions) | Gain (loss) | Gain (loss) | Gain (loss) | Gain (loss) | ||||||||||||||
on hedging | on hedged | on hedging | on hedged | |||||||||||||||
derivatives | items | derivatives | items | |||||||||||||||
Interest rate contracts | $ | -4,295 | $ | 4,236 | $ | 1,226 | $ | -1,514 | ||||||||||
Currency exchange contracts | -11 | 10 | -103 | 91 | ||||||||||||||
Fair value hedges resulted in $(60) million and $(300) million of ineffectiveness in the nine months ended September 30, 2013 and 2012, respectively. In both the nine months ended September 30, 2013 and 2012, there were insignificant amounts excluded from the assessment of effectiveness. | ||||||||||||||||||
Cash flow hedges | ' | |||||||||||||||||
Gain (loss) reclassified | ||||||||||||||||||
Gain (loss) recognized in AOCI | from AOCI into earnings | |||||||||||||||||
(In millions) | for the three months ended September 30, | for the three months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash flow hedges | ||||||||||||||||||
Interest rate contracts | $ | -24 | $ | -68 | $ | -88 | $ | -118 | ||||||||||
Currency exchange contracts | 58 | 301 | 114 | 203 | ||||||||||||||
Commodity contracts | 1 | 4 | -1 | -1 | ||||||||||||||
Total | $ | 35 | $ | 237 | $ | 25 | $ | 84 | ||||||||||
Gain (loss) reclassified | ||||||||||||||||||
Gain (loss) recognized in AOCI | from AOCI into earnings for | |||||||||||||||||
(In millions) | for the nine months ended September 30, | for the nine months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Cash flow hedges | ||||||||||||||||||
Interest rate contracts | $ | -15 | $ | -147 | $ | -282 | $ | -384 | ||||||||||
Currency exchange contracts | 372 | 590 | 290 | 473 | ||||||||||||||
Commodity contracts | -6 | 8 | -3 | -3 | ||||||||||||||
Total | $ | 351 | $ | 451 | $ | 5 | $ | 86 | ||||||||||
The total pre-tax amount in AOCI related to cash flow hedges of forecasted transactions was a $380 million loss at September 30, 2013. We expect to transfer $272 million to earnings as an expense in the next 12 months contemporaneously with the earnings effects of the related forecasted transactions. In both the three and nine months ended September 30, 2013 and 2012, we recognized insignificant gains and losses related to hedged forecasted transactions and firm commitments that did not occur by the end of the originally specified period. At September 30, 2013 and 2012, the maximum term of derivative instruments that hedge forecasted transactions was 19 years and 20 years, respectively. | ||||||||||||||||||
Net investment hedges | ' | |||||||||||||||||
Gain (loss) recognized in CTA | Gain (loss) reclassified from CTA | |||||||||||||||||
(In millions) | for the three months ended September 30, | for the three months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Net investment hedges | ||||||||||||||||||
Currency exchange contracts | $ | 645 | $ | -2,939 | $ | -169 | $ | 39 | ||||||||||
Gain (loss) recognized in CTA | Gain (loss) reclassified from CTA | |||||||||||||||||
(In millions) | for the nine months ended September 30, | for the nine months ended September 30, | ||||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||||
Net investment hedges | ||||||||||||||||||
Currency exchange contracts | $ | 3,162 | $ | -2,588 | $ | -278 | $ | 27 |
Supplemental_Information_About1
Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||
Commercial Portfolio Segment [Member] | ' | ||||||||||||||||||||
Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items] | ' | ||||||||||||||||||||
Schedule Of Financing Receivables And Allowance For Losses [Table Text Block] | ' | ||||||||||||||||||||
Financing receivables | |||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||
(In millions) | 2013 | 2012 | |||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 69,240 | $ | 72,517 | |||||||||||||||||
Europe(a) | 35,529 | 37,037 | |||||||||||||||||||
Asia | 9,573 | 11,401 | |||||||||||||||||||
Other(a) | 468 | 603 | |||||||||||||||||||
Total CLL | 114,810 | 121,558 | |||||||||||||||||||
Energy Financial Services | 4,367 | 4,851 | |||||||||||||||||||
GECAS | 9,642 | 10,915 | |||||||||||||||||||
Other | 393 | 486 | |||||||||||||||||||
Total Commercial financing receivables, before allowance for losses | $ | 129,212 | $ | 137,810 | |||||||||||||||||
Non-impaired financing receivables | $ | 125,086 | $ | 132,741 | |||||||||||||||||
General reserves | 599 | 554 | |||||||||||||||||||
Impaired loans | 4,126 | 5,069 | |||||||||||||||||||
Specific reserves | 311 | 487 | |||||||||||||||||||
(a) During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. | |||||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Over 30 days | Over 90 days | Over 30 days | Over 90 days | ||||||||||||||||||
past due | past due | past due | past due | ||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | 1 | % | 0.5 | % | 1.1 | % | 0.5 | % | |||||||||||||
Europe | 4.2 | 2 | 3.7 | 2.1 | |||||||||||||||||
Asia | 0.8 | 0.5 | 0.9 | 0.6 | |||||||||||||||||
Other | 0 | 0 | 0.1 | 0 | |||||||||||||||||
Total CLL | 2 | 1 | 1.9 | 1 | |||||||||||||||||
Energy Financial Services | 0 | 0 | 0 | 0 | |||||||||||||||||
GECAS | 0 | 0 | 0 | 0 | |||||||||||||||||
Other | 0.1 | 0 | 2.8 | 2.8 | |||||||||||||||||
Total | 1.8 | 0.8 | 1.7 | 0.9 | |||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||
Nonaccrual financing | Nonearning financing | ||||||||||||||||||||
receivables | receivables | ||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 1,655 | $ | 1,951 | $ | 1,182 | $ | 1,333 | |||||||||||||
Europe | 1,269 | 1,740 | 916 | 1,299 | |||||||||||||||||
Asia | 465 | 395 | 226 | 193 | |||||||||||||||||
Other | - | 52 | - | 52 | |||||||||||||||||
Total CLL | 3,389 | 4,138 | 2,324 | 2,877 | |||||||||||||||||
Energy Financial Services | 4 | - | 4 | - | |||||||||||||||||
GECAS | - | 3 | - | - | |||||||||||||||||
Other | 11 | 25 | - | 13 | |||||||||||||||||
Total | $ | 3,404 | $ | 4,166 | $ | 2,328 | $ | 2,890 | |||||||||||||
Allowance for losses percentage | 26.7 | % | 25 | % | 39.1 | % | 36 | % | |||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||
With no specific allowance | With a specific allowance | ||||||||||||||||||||
Recorded | Unpaid | Average | Recorded | Unpaid | Average | ||||||||||||||||
investment | principal | investment in | investment | principal | Associated | investment | |||||||||||||||
(In millions) | in loans | balance | loans | in loans | balance | allowance | in loans | ||||||||||||||
30-Sep-13 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 1,979 | $ | 2,391 | $ | 2,275 | $ | 474 | $ | 633 | $ | 131 | $ | 517 | |||||||
Europe | 865 | 1,747 | 995 | 470 | 739 | 167 | 525 | ||||||||||||||
Asia | 237 | 242 | 149 | 86 | 109 | 12 | 88 | ||||||||||||||
Other | - | - | - | - | - | - | 15 | ||||||||||||||
Total CLL | 3,081 | 4,380 | 3,419 | 1,030 | 1,481 | 310 | 1,145 | ||||||||||||||
Energy Financial Services | - | - | - | 4 | 4 | 1 | 2 | ||||||||||||||
GECAS | - | - | - | - | - | - | 1 | ||||||||||||||
Other | 10 | 10 | 10 | 1 | 1 | - | 5 | ||||||||||||||
Total | $ | 3,091 | $ | 4,390 | $ | 3,429 | $ | 1,035 | $ | 1,486 | $ | 311 | $ | 1,153 | |||||||
31-Dec-12 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 2,487 | $ | 2,927 | $ | 2,535 | $ | 557 | $ | 681 | $ | 178 | $ | 987 | |||||||
Europe | 1,131 | 1,901 | 1,009 | 643 | 978 | 278 | 805 | ||||||||||||||
Asia | 62 | 64 | 62 | 109 | 120 | 23 | 134 | ||||||||||||||
Other | - | - | 43 | 52 | 68 | 6 | 16 | ||||||||||||||
Total CLL | 3,680 | 4,892 | 3,649 | 1,361 | 1,847 | 485 | 1,942 | ||||||||||||||
Energy Financial Services | - | - | 2 | - | - | - | 7 | ||||||||||||||
GECAS | - | - | 17 | 3 | 3 | - | 5 | ||||||||||||||
Other | 17 | 28 | 26 | 8 | 8 | 2 | 40 | ||||||||||||||
Total | $ | 3,697 | $ | 4,920 | $ | 3,694 | $ | 1,372 | $ | 1,858 | $ | 487 | $ | 1,994 | |||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||
Secured | |||||||||||||||||||||
(In millions) | A | B | C | Total | |||||||||||||||||
30-Sep-13 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 66,084 | $ | 1,531 | $ | 1,625 | $ | 69,240 | |||||||||||||
Europe(a) | 33,450 | 484 | 1,054 | 34,988 | |||||||||||||||||
Asia | 9,050 | 103 | 264 | 9,417 | |||||||||||||||||
Other(a) | 113 | - | - | 113 | |||||||||||||||||
Total CLL | 108,697 | 2,118 | 2,943 | 113,758 | |||||||||||||||||
Energy Financial Services | 4,202 | 38 | - | 4,240 | |||||||||||||||||
GECAS | 9,504 | 111 | 27 | 9,642 | |||||||||||||||||
Other | 393 | - | - | 393 | |||||||||||||||||
Total | $ | 122,796 | $ | 2,267 | $ | 2,970 | $ | 128,033 | |||||||||||||
31-Dec-12 | |||||||||||||||||||||
CLL | |||||||||||||||||||||
Americas | $ | 68,360 | $ | 1,775 | $ | 2,382 | $ | 72,517 | |||||||||||||
Europe(a) | 33,756 | 1,188 | 1,256 | 36,200 | |||||||||||||||||
Asia | 10,732 | 117 | 372 | 11,221 | |||||||||||||||||
Other(a) | 159 | - | 94 | 253 | |||||||||||||||||
Total CLL | 113,007 | 3,080 | 4,104 | 120,191 | |||||||||||||||||
Energy Financial Services | 4,725 | - | - | 4,725 | |||||||||||||||||
GECAS | 10,681 | 223 | 11 | 10,915 | |||||||||||||||||
Other | 486 | - | - | 486 | |||||||||||||||||
Total | $ | 128,899 | $ | 3,303 | $ | 4,115 | $ | 136,317 | |||||||||||||
(a) During the third quarter of 2013, we transferred our European equipment services portfolio from CLL Other to CLL Europe. Prior-period amounts were reclassified to conform to the current period presentation. | |||||||||||||||||||||
Commercial Real Estate Portfolio Segment [Member] | ' | ||||||||||||||||||||
Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items] | ' | ||||||||||||||||||||
Schedule Of Financing Receivables And Allowance For Losses [Table Text Block] | ' | ||||||||||||||||||||
Financing receivables | |||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||
(In millions) | 2013 | 2012 | |||||||||||||||||||
Real Estate financing receivables, before allowance for losses | $ | 18,966 | $ | 20,946 | |||||||||||||||||
Non-impaired financing receivables | $ | 14,769 | $ | 15,253 | |||||||||||||||||
General reserves | 87 | 132 | |||||||||||||||||||
Impaired loans | 4,197 | 5,693 | |||||||||||||||||||
Specific reserves | 83 | 188 | |||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Over 30 days | Over 90 days | Over 30 days | Over 90 days | ||||||||||||||||||
past due | past due | past due | past due | ||||||||||||||||||
Real Estate | 1.4 | % | 1.4 | % | 2.3 | % | 2.2 | % | |||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||
Nonaccrual financing | Nonearning financing | ||||||||||||||||||||
receivables | receivables | ||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
Real Estate | $ | 3,723 | $ | 4,885 | $ | 357 | $ | 444 | |||||||||||||
Allowance for losses percentage | 4.6 | % | 6.6 | % | 47.6 | % | 72.1 | % | |||||||||||||
Impaired Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||
With no specific allowance | With a specific allowance | ||||||||||||||||||||
Recorded | Unpaid | Average | Recorded | Unpaid | Average | ||||||||||||||||
investment | principal | investment | investment | principal | Associated | investment | |||||||||||||||
(In millions) | in loans | balance | in loans | in loans | balance | allowance | in loans | ||||||||||||||
30-Sep-13 | |||||||||||||||||||||
Real Estate | $ | 2,793 | $ | 3,149 | $ | 3,169 | $ | 1,404 | $ | 1,724 | $ | 83 | $ | 1,799 | |||||||
31-Dec-12 | |||||||||||||||||||||
Real Estate | $ | 3,491 | $ | 3,712 | $ | 3,773 | $ | 2,202 | $ | 2,807 | $ | 188 | $ | 3,752 | |||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||
Loan-to-value ratio | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Less than | 80% to | Greater than | Less than | 80% to | Greater than | ||||||||||||||||
(In millions) | 80% | 95% | 95% | 80% | 95% | 95% | |||||||||||||||
Debt | $ | 14,387 | $ | 1,221 | $ | 2,371 | $ | 13,570 | $ | 2,572 | $ | 3,604 | |||||||||
Consumer Portfolio Segment [Member] | ' | ||||||||||||||||||||
Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items] | ' | ||||||||||||||||||||
Schedule Of Financing Receivables And Allowance For Losses [Table Text Block] | ' | ||||||||||||||||||||
Financing receivables | |||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||
(In millions) | 2013 | 2012 | |||||||||||||||||||
Non-U.S. residential mortgages | $ | 31,142 | $ | 33,451 | |||||||||||||||||
Non-U.S. installment and revolving credit | 17,305 | 18,546 | |||||||||||||||||||
U.S. installment and revolving credit | 51,799 | 50,853 | |||||||||||||||||||
Non-U.S. auto | 3,524 | 4,260 | |||||||||||||||||||
Other | 7,427 | 8,070 | |||||||||||||||||||
Total Consumer financing receivables, before allowance for losses | $ | 111,197 | $ | 115,180 | |||||||||||||||||
Non-impaired financing receivables | $ | 108,002 | $ | 111,960 | |||||||||||||||||
General reserves | 3,388 | 2,950 | |||||||||||||||||||
Impaired loans | 3,195 | 3,220 | |||||||||||||||||||
Specific reserves | 684 | 674 | |||||||||||||||||||
Past Due Financing Receivables [Table Text Block] | ' | ||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
Over 30 days | Over 90 days | Over 30 days | Over 90 days | ||||||||||||||||||
past due | past due(a) | past due | past due(a) | ||||||||||||||||||
Non-U.S. residential mortgages(b) | 11.5 | % | 7.1 | % | 12 | % | 7.5 | % | |||||||||||||
Non-U.S. installment and revolving credit | 3.7 | 1.1 | 3.9 | 1.1 | |||||||||||||||||
U.S. installment and revolving credit | 4.3 | 1.9 | 4.6 | 2 | |||||||||||||||||
Non-U.S. auto | 3.1 | 0.4 | 3.1 | 0.5 | |||||||||||||||||
Other | 2.7 | 1.5 | 2.8 | 1.7 | |||||||||||||||||
Total | 6.1 | 3.1 | 6.5 | 3.4 | |||||||||||||||||
Included $28 million and $24 million of loans at September 30, 2013 and December 31, 2012, respectively, which are over 90 days past due and accruing interest, mainly representing accretion on loans acquired at a discount. | |||||||||||||||||||||
Consumer loans secured by residential real estate (both revolving and closed-end loans) are written down to the fair value of collateral, less costs to sell, no later than when they become 180 days past due. | |||||||||||||||||||||
Schedule of Financing Receivables, Non Accrual Status [Table Text Block] | ' | ||||||||||||||||||||
Nonaccrual financing | Nonearning financing | ||||||||||||||||||||
receivables | receivables | ||||||||||||||||||||
September 30, | December 31, | September 30, | December 31, | ||||||||||||||||||
(Dollars in millions) | 2013 | 2012 | 2013 | 2012 | |||||||||||||||||
Non-U.S. residential mortgages | $ | 2,269 | $ | 2,600 | $ | 2,258 | $ | 2,569 | |||||||||||||
Non-U.S. installment and revolving credit | 205 | 224 | 205 | 224 | |||||||||||||||||
U.S. installment and revolving credit | 936 | 1,026 | 936 | 1,026 | |||||||||||||||||
Non-U.S. auto | 20 | 24 | 20 | 24 | |||||||||||||||||
Other | 386 | 427 | 341 | 351 | |||||||||||||||||
Total | $ | 3,816 | $ | 4,301 | $ | 3,760 | $ | 4,194 | |||||||||||||
Allowance for losses percentage | 106.7 | % | 84.3 | % | 108.3 | % | 86.4 | % | |||||||||||||
Non US residential mortgages [Member] | ' | ||||||||||||||||||||
Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items] | ' | ||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||
Loan-to-value ratio | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
80% or | Greater than | Greater than | 80% or | Greater than | Greater than | ||||||||||||||||
(In millions) | less | 80% to 90% | 90% | less | 80% to 90% | 90% | |||||||||||||||
Non-U.S. | |||||||||||||||||||||
residential | |||||||||||||||||||||
mortgages | $ | 17,401 | $ | 5,238 | $ | 8,503 | $ | 18,613 | $ | 5,739 | $ | 9,099 | |||||||||
Installment And Revolving Credit [Member] | ' | ||||||||||||||||||||
Supplemental Information About Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables [Line Items] | ' | ||||||||||||||||||||
Financing Receivable Credit Quality Indicators [Table Text Block] | ' | ||||||||||||||||||||
Internal ratings translated to approximate credit bureau equivalent score | |||||||||||||||||||||
30-Sep-13 | 31-Dec-12 | ||||||||||||||||||||
681 or | 615 to | 614 or | 681 or | 615 to | 614 or | ||||||||||||||||
(In millions) | higher | 680 | less | higher | 680 | less | |||||||||||||||
Non-U.S. | |||||||||||||||||||||
installment and | |||||||||||||||||||||
revolving credit | $ | 10,037 | $ | 4,098 | $ | 3,170 | $ | 10,493 | $ | 4,496 | $ | 3,557 | |||||||||
U.S. installment | |||||||||||||||||||||
and revolving | |||||||||||||||||||||
credit | 34,187 | 10,293 | 7,319 | 33,204 | 9,753 | 7,896 | |||||||||||||||
Non-U.S. auto | 2,705 | 488 | 331 | 3,141 | 666 | 453 |
Variable_Interest_Entities_Tab
Variable Interest Entities (Tables) | 9 Months Ended | ||||||||||||||||||||
Sep. 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 | |||||||||||||
30-Sep-13 | |||||||||||||||||||||
Assets(c) | |||||||||||||||||||||
Financing | |||||||||||||||||||||
receivables, net | $ | - | $ | 23,895 | $ | 12,934 | $ | 2,299 | $ | 2,023 | $ | 41,151 | |||||||||
Investment securities | 3,095 | - | - | - | 1,053 | 4,148 | |||||||||||||||
Other assets | 120 | 22 | 615 | - | 2,524 | 3,281 | |||||||||||||||
Total | $ | 3,215 | $ | 23,917 | $ | 13,549 | $ | 2,299 | $ | 5,600 | $ | 48,580 | |||||||||
Liabilities(c) | |||||||||||||||||||||
Borrowings | $ | - | $ | - | $ | - | $ | - | $ | 654 | $ | 654 | |||||||||
Non-recourse | |||||||||||||||||||||
borrowings | - | 15,396 | 11,068 | 1,902 | 50 | 28,416 | |||||||||||||||
Other liabilities | 1,531 | 227 | 300 | 21 | 1,343 | 3,422 | |||||||||||||||
Total | $ | 1,531 | $ | 15,623 | $ | 11,368 | $ | 1,923 | $ | 2,047 | $ | 32,492 | |||||||||
31-Dec-12 | |||||||||||||||||||||
Assets(c) | |||||||||||||||||||||
Financing | |||||||||||||||||||||
receivables, net | $ | - | $ | 24,169 | $ | 12,456 | $ | 2,339 | $ | 1,952 | $ | 40,916 | |||||||||
Investment securities | 3,435 | - | - | - | 1,051 | 4,486 | |||||||||||||||
Other assets | 217 | 29 | 360 | - | 2,428 | 3,034 | |||||||||||||||
Total | $ | 3,652 | $ | 24,198 | $ | 12,816 | $ | 2,339 | $ | 5,431 | $ | 48,436 | |||||||||
Liabilities(c) | |||||||||||||||||||||
Borrowings | $ | - | $ | - | $ | - | $ | - | $ | 711 | $ | 711 | |||||||||
Non-recourse | |||||||||||||||||||||
borrowings | - | 17,208 | 9,811 | 2,050 | 54 | 29,123 | |||||||||||||||
Other liabilities | 1,656 | 146 | 11 | 8 | 1,215 | 3,036 | |||||||||||||||
Total | $ | 1,656 | $ | 17,354 | $ | 9,822 | $ | 2,058 | $ | 1,980 | $ | 32,870 | |||||||||
(a) Excludes intercompany advances from GECC to Trinity, which are eliminated in consolidation of $2,015 million and $2,441 million at September 30, 2013 and December 31, 2012, respectively. | |||||||||||||||||||||
(b) 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, 2013 and December 31, 2012, the amounts of commingled cash owed to the CSEs were $6,351 million and $6,225 million, respectively, and the amounts owed to us by CSEs were $6,261 million and $6,143 million, respectively. | |||||||||||||||||||||
(c) 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 | ' | ||||||||||||||||||||
At | |||||||||||||||||||||
(In millions) | 30-Sep-13 | 31-Dec-12 | |||||||||||||||||||
Other assets and investment | |||||||||||||||||||||
securities | $ | 8,340 | $ | 10,027 | |||||||||||||||||
Financing receivables – net | 2,736 | 2,654 | |||||||||||||||||||
Total investments | 11,076 | 12,681 | |||||||||||||||||||
Contractual obligations to fund | |||||||||||||||||||||
investments or guarantees | 2,742 | 2,608 | |||||||||||||||||||
Revolving lines of credit | 26 | 41 | |||||||||||||||||||
Total | $ | 13,844 | $ | 15,330 |
Summary_of_Operating_Segments_2
Summary of Operating Segments (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | $35,725 | $36,254 | $105,858 | $107,731 | ||||
Corporate items and eliminations revenues | -758 | -192 | -982 | -832 | ||||
Segment profit | 5,860 | 5,239 | 16,484 | 16,168 | ||||
GE interest and other financial charges | -2,462 | -2,972 | -7,700 | -9,521 | ||||
GE provision for income taxes | -345 | -557 | -1,159 | -1,718 | ||||
Earnings (loss) from continuing operations | 3,273 | 3,450 | 10,164 | 10,339 | ||||
Earnings (loss) from discontinued operations, net of taxes | -82 | 41 | -313 | -709 | ||||
Consolidated net earnings attributable to the Company | 3,191 | 3,491 | 9,851 | 9,630 | ||||
Subsidiaries [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 27,428 | [1] | 27,242 | [1] | 79,825 | [1] | 80,970 | [1] |
GE interest and other financial charges | -338 | [1] | -294 | [1] | -988 | [1] | -960 | [1] |
GE provision for income taxes | -344 | [1] | -477 | [1] | -1,065 | [1] | -1,319 | [1] |
Earnings (loss) from continuing operations | 3,273 | [1] | 3,450 | [1] | 10,164 | [1] | 10,339 | [1] |
Earnings (loss) from discontinued operations, net of taxes | -82 | [1] | 41 | [1] | -313 | [1] | -709 | [1] |
Consolidated net earnings attributable to the Company | 3,191 | [1] | 3,491 | [1] | 9,851 | [1] | 9,630 | [1] |
Power And Water [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 6,498 | 7,196 | 17,038 | 20,647 | ||||
Segment profit | 1,289 | 1,184 | 3,095 | 3,675 | ||||
Oil And Gas [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 4,315 | 3,645 | 11,669 | 10,693 | ||||
Segment profit | 519 | 469 | 1,376 | 1,275 | ||||
Energy Management [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 1,828 | 1,879 | 5,557 | 5,478 | ||||
Segment profit | 18 | 42 | 64 | 67 | ||||
Aviation [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 5,364 | 4,781 | 15,741 | 14,527 | ||||
Segment profit | 1,091 | 924 | 3,094 | 2,708 | ||||
Healthcare [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 4,304 | 4,307 | 13,083 | 13,107 | ||||
Segment profit | 665 | 620 | 1,986 | 1,899 | ||||
Transportation [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 1,406 | 1,409 | 4,425 | 4,244 | ||||
Segment profit | 306 | 265 | 886 | 779 | ||||
Home Business Solutions [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 2,098 | 1,955 | 6,142 | 5,899 | ||||
Segment profit | 77 | 60 | 239 | 196 | ||||
GE Capital [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 10,670 | 11,274 | 33,185 | 33,968 | ||||
Segment profit | 1,895 | 1,675 | 5,744 | 5,569 | ||||
Industrial Segments [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 25,813 | 25,172 | 73,655 | 74,595 | ||||
Segment profit | 3,965 | 3,564 | 10,740 | 10,599 | ||||
Total Segment Revenues [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Revenues | 36,483 | 36,446 | 106,840 | 108,563 | ||||
Corporate Items And Eliminations [Member] | ' | ' | ' | ' | ||||
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ||||
Segment profit | ($1,905) | ($1,018) | ($4,267) | ($3,550) | ||||
[1] | (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. |
Assets_and_Liabilities_of_Busi2
Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Narative, Financial Information and NBCU) (Details) (USD $) | 9 Months Ended | 0 Months Ended | 0 Months Ended | ||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Oct. 02, 2012 | Mar. 19, 2013 | Mar. 19, 2013 | Jul. 15, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Business Property [Member] | NBCU LLC [Member] | NBCU LLC [Member] | Portugal Consumer Auto Personal Loan [Member] | Cash and Cash Equivalents [Member] | Cash and Cash Equivalents [Member] | Loans and Finance Receivables [Member] | Loans and Finance Receivables [Member] | Property, Plant and Equipment, Net [Member] | Property, Plant and Equipment, Net [Member] | Other Intangible Assets [Member] | Other Intangible Assets [Member] | Other 1 [Member] | Other 1 [Member] | Short-term Debt [Member] | Short-term Debt [Member] | Liabilities Other [Member] | Liabilities Other [Member] | ||||
Commercial Real Estate Portfolio Segment [Member] | |||||||||||||||||||||
Financial Information For Businesses Held For Sale [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale of Real Estate Held-for-investment | ' | ' | ' | ' | $1,430 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Summarized financial information for business held for sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets Held-for-sale, at Carrying Value | 169 | ' | 211 | ' | ' | ' | ' | 4 | 74 | 0 | 47 | 26 | 31 | 20 | 9 | 119 | 50 | ' | ' | ' | ' |
Liabilities of Assets Held-for-sale | 42 | ' | 157 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 138 | 42 | 19 |
Ownership Percentage In Newly Formed Entity | ' | ' | ' | ' | 49.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Divestiture of Businesses, Net of Cash Divested | 0 | 227 | ' | 2,406 | 11,997 | ' | 83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guaranteed Debt Included In Sale Of Asset | ' | ' | ' | ' | 4,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Preferred Stock, Value, Issued | 0 | ' | 0 | ' | 725 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consideration Received For Sale Of Business | ' | ' | ' | ' | 16,722 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Pre Tax Gain On Sale Of Business | ' | ' | ' | ' | 1,096 | 921 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain On Sale Of Business Net Of Tax | ' | ' | ' | ' | $825 | $564 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets_and_Liabilities_of_Busi3
Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Discontinued Operations) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Operations | ' | ' | ' | ' | ' |
Total revenues | $79 | ($17) | $109 | ($160) | ' |
Earnings (loss) from discontinued operations before income taxes | 2 | -139 | -157 | -587 | ' |
Benefit (provision) for income taxes | 9 | 30 | 151 | 187 | ' |
Income (Loss) from Discontinued Operations, Net of Taxes | 11 | -109 | -6 | -400 | ' |
Disposal | ' | ' | ' | ' | ' |
Gain (loss) on disposal before income taxes | -108 | -4 | -390 | -506 | ' |
Benefit (provision) for income taxes | 15 | 154 | 83 | 197 | ' |
Gain (loss) on disposal, net of taxes | -93 | 150 | -307 | -309 | ' |
Earnings (loss) from discontinued operations, net of taxes | -82 | 41 | -313 | -709 | ' |
Assets | ' | ' | ' | ' | ' |
Cash and cash equivalents | 108 | ' | 108 | ' | 102 |
Property, plant and equipment - net | 474 | ' | 474 | ' | 699 |
Other | 1,091 | ' | 1,091 | ' | 1,507 |
Assets of discontinued operations | 1,673 | ' | 1,673 | ' | 2,308 |
Liabilities | ' | ' | ' | ' | ' |
Deferred income taxes | 323 | ' | 323 | ' | 372 |
Other | 2,077 | ' | 2,077 | ' | 2,079 |
Liabilities of discontinued operations | $2,400 | ' | $2,400 | ' | $2,451 |
Assets_and_Liabilities_of_Busi4
Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (GE Money Japan Narrative) (Details) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
USD ($) | USD ($) | USD ($) | USD ($) | GE Money Japan [Member] | GE Money Japan [Member] | GE Money Japan [Member] | GE Money Japan [Member] | GE Money Japan [Member] | GE Money Japan [Member] | GE Money Japan [Member] | GE Money Japan [Member] | |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | JPY (¥) | Upper Limit [Member] | Lower Limit [Member] | |||||
USD ($) | USD ($) | |||||||||||
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Tax Credit Carryforward, Expiration Date | ' | ' | ' | ' | ' | ' | 31-Dec-17 | ' | ' | ' | ' | ' |
Other Partial Tax Credit Carryforward Expiration Date | ' | ' | ' | ' | ' | ' | 31-Dec-19 | ' | ' | ' | ' | ' |
Gain (loss) on disposal of discontinued operations | $93 | ($150) | $307 | $309 | ' | ' | ' | ' | ' | ' | ' | ' |
Liability For Reimbursement Of Claims In Excess Of Statutory Interest Rate | ' | ' | ' | ' | ' | ' | 527 | ' | 700 | ' | ' | ' |
Increase Adjustment To Liability For Reimbursement Of Claims In Excess Of Statutory Interest Rate | ' | ' | ' | ' | ' | ' | 205 | ' | ' | ' | ' | ' |
Threshold above which claims become company's responsibility | ' | ' | ' | ' | 3,000 | ' | 3,000 | ' | ' | 258,000 | ' | ' |
Adverse Incoming Daily Claim Rate Reduction Assumption Sensitivity Test For Liability Calculation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | 20.00% |
Sensitivity Analysis Potential Increase (Decrease) To Estimated Contingent Liability | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400 | 75 |
Loss from discontinued operations, net of taxes | 82 | -41 | 313 | 709 | ' | ' | ' | ' | ' | ' | ' | ' |
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax | -108 | -4 | -390 | -506 | ' | ' | ' | ' | ' | ' | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ($82) | $41 | ($313) | ($709) | ($80) | ($9) | ($196) | ($363) | ' | ' | ' | ' |
Assets_and_Liabilities_of_Busi5
Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (WMC) (Details) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Nov. 01, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Roll Forward Of Reserve And Pending Claims [Abstract] | ' | ' | ' | ' | ' |
Revenues from discontinued operations | ' | $79 | ($17) | $109 | ($160) |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ' | -82 | 41 | -313 | -709 |
WMC Discontinued Operations [Member] | ' | ' | ' | ' | ' |
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' | ' |
Adjustment For Pending Claims For Unmet Representations And Warranties | ' | ' | ' | 167 | ' |
Roll Forward Of Reserve And Pending Claims [Abstract] | ' | ' | ' | ' | ' |
Reserve, beginning of period | 800 | 787 | ' | 633 | ' |
Provision | ' | 18 | ' | 172 | ' |
Claim resolutions | ' | -5 | ' | -5 | ' |
Reserve, end of period | ' | 800 | ' | 800 | ' |
Pending claims, beginning of period | 6,311 | 6,335 | ' | 5,357 | 705 |
New claims | ' | 0 | ' | 978 | ' |
Claim resolutions | ' | -24 | ' | -24 | ' |
Pending claims, end of period | ' | 6,311 | ' | 6,311 | ' |
Percentage Increase To Estimates Of Future Loan Repurchase Requests | ' | 50.00% | ' | 50.00% | ' |
Percentage Increase To Estimated Loss On Loans Tendered | ' | 100.00% | ' | 100.00% | ' |
Increase To Reserve For Claims For Unmet Representations And Warranties For Adverse Effect In Assumptions | ' | 525 | ' | 525 | ' |
Number Of Lawsuits Involving Repurchase Claims On Loans | ' | ' | ' | 16 | ' |
Number Of Securitizations Related To Lawsuits Involving repurchase Claims On Loans In Which Adverse Parties Are Securitization Trustees | ' | ' | ' | 15 | ' |
Number Of Lawsuits Involving Repurchase Claims On Loans Based On Breach Of Contract Claims On Mortgage Loans | ' | ' | ' | 12 | ' |
Number Of Lawsuits Involving Repurchase Claims On Loans Initiated By Divested Business | ' | ' | ' | 'three | ' |
Number Of Litigation Claims That Are Samplings Based Claims | ' | ' | ' | 'two | ' |
Sampling Based Litigation Claims Amount Of Mortgages | ' | 900 | ' | 900 | ' |
Number Of Litigation Claims Based On Alleged Failure To Provide Notice On Defective Loans Breach Of Corporate Representation And Warranty On Non Specific Claims for Recessionary Damages | ' | ' | ' | 'ten | ' |
Liabilities Related To Remaining Litigation Claims | ' | 5,700 | ' | 5,700 | ' |
Statute Of Limitation Claims | 600 | ' | ' | 1,000 | ' |
Statute Of Limitation Litigation Claims | ' | ' | ' | 700 | ' |
Revenues from discontinued operations | ' | -13 | -117 | -167 | -475 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ' | ($11) | ($78) | ($116) | ($314) |
Assets_and_Liabilities_of_Busi6
Assets and Liabilities of Businesses Held For Sale and Discontinued Operations (Other Financial Services and Indutrial) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' |
Revenues from discontinued operations | $79 | ($17) | $109 | ($160) |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | -82 | 41 | -313 | -709 |
Gain (loss) on disposal of discontinued operations | 93 | -150 | 307 | 309 |
Proceeds from Divestiture of Businesses, Net of Cash Divested | ' | ' | 0 | 227 |
Benefit (provision) for income taxes | -345 | -557 | -1,159 | -1,718 |
Trailer Services [Member] | ' | ' | ' | ' |
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' |
Revenues from discontinued operations | 91 | 95 | 274 | 301 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | -9 | 5 | -19 | 24 |
Gain (loss) on disposal of discontinued operations | ' | ' | 118 | ' |
Consumer Ireland [Member] | ' | ' | ' | ' |
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' |
Revenues from discontinued operations | ' | 1 | ' | 7 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 6 | -8 | 7 | -194 |
Gain (loss) on disposal of discontinued operations | ' | ' | ' | 121 |
Proceeds from Divestiture of Businesses, Net of Cash Divested | ' | 227 | ' | ' |
Discontinued Operation Revenue Insignificant Amount | 'an insignificant amount | ' | 'insignificant amount | ' |
GE Industrial Discontinued Operations [Member] | ' | ' | ' | ' |
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | 1 | 148 | ' | 148 |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity Insignificant Amount | ' | ' | 'an insignificant amount | ' |
Plastics Business [Member] | ' | ' | ' | ' |
Financial Information For Discontinued Operations [Line Items] | ' | ' | ' | ' |
Benefit (provision) for income taxes | ' | ($148) | ' | ' |
Investment_Securities_Parenthe
Investment Securities (Parenthetical) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Investment [Line Items] | ' | ' |
Investment securities | $43,897 | $48,510 |
OTTI previously recognized through OCI on securities held, gross unrealized losses | 131 | ' |
Residential Mortgage Backed Securities [Member] | Mortgage-backed Securities, Issued by Private Enterprises [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Investment securities | 745 | ' |
Residential Mortgage Backed Securities [Member] | Mortgage-backed Securities, Issued by US Government Sponsored Enterprises [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Investment securities | $1,286 | ' |
Investment_Securities_Investme
Investment Securities (Investment) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | Domestic Corporate Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | US States and Political Subdivisions Debt Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Residential Mortgage Backed Securities [Member] | Commercial Mortgage Backed Securities [Member] | Commercial Mortgage Backed Securities [Member] | Commercial Mortgage Backed Securities [Member] | Commercial Mortgage Backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Asset-backed Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Corporate Debt Securities [Member] | Foreign Government Debt Securities [Member] | Foreign Government Debt Securities [Member] | Foreign Government Debt Securities [Member] | Foreign Government Debt Securities [Member] | US Treasury and Government [Member] | US Treasury and Government [Member] | US Treasury and Government [Member] | US Treasury and Government [Member] | Retained Interest [Member] | Retained Interest [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Available-for-sale Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Trading Securities [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Consolidation, Eliminations [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Sub Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | |||||
Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Subsidiaries GECC [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | |||||||||||||||||
Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | Amortized Cost [Member] | Amortized Cost [Member] | Estimated Fair Value [Member] | Estimated Fair Value [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt and AFS securities, Amortized cost | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $22 | $39 | ' | ' | $20,050 | $20,233 | ' | ' | $4,187 | $4,084 | ' | ' | $1,944 | $2,198 | ' | ' | $2,919 | $2,930 | ' | ' | $6,533 | $5,784 | ' | ' | $13 | $6 | ' | ' | $1,893 | $2,391 | ' | ' | $2,370 | $1,617 | ' | ' | $839 | $3,462 | ' | ' | $67 | $76 | $37 | $26 | ' | ' | $208 | $513 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trading Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 3 | 10 | 3 | ' | ' | 142 | 245 | 142 | 245 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketable Securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 | -3 | -4 | -3 | ' | ' | 82 | 74 | 96 | 74 | ' | ' | 41,152 | 43,533 | 43,805 | 48,439 | ' | ' | 41,230 | 43,604 | 43,897 | 48,510 |
Debt securities, Gross unrealized gains | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10 | 0 | ' | ' | 2,516 | 4,201 | ' | ' | 246 | 575 | ' | ' | 146 | 183 | ' | ' | 194 | 259 | ' | ' | 8 | 31 | ' | ' | 1 | 0 | ' | ' | 101 | 150 | ' | ' | 86 | 149 | ' | ' | 52 | 103 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retained interests, Gross unrealized gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11 | 7 | 3 | 0 | ' | ' | 46 | 86 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | 14 | 0 | ' | ' | ' | ' | 3,406 | 5,744 | ' | ' | ' | ' | 3,420 | 5,744 | ' | ' | ' | ' |
Trading Securities, Unrealized Holding Gain | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt securities, Gross unrealized losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | -209 | -302 | ' | ' | -189 | -113 | ' | ' | -59 | -119 | ' | ' | -88 | -95 | ' | ' | -62 | -77 | ' | ' | 0 | 0 | ' | ' | -96 | -126 | ' | ' | -7 | -3 | ' | ' | -40 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Equity Securities, Gross Unrealized Loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | -3 | -3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Trading Securities, Unrealized Holding Loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retained interests, Gross unrealized loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | -753 | -838 | ' | ' | ' | ' | -753 | -838 | ' | ' | ' | ' |
Debt securities, Estimated fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 32 | 39 | ' | ' | 22,357 | 24,132 | ' | ' | 4,244 | 4,546 | ' | ' | 2,031 | 2,262 | ' | ' | 3,025 | 3,094 | ' | ' | 6,479 | 5,738 | ' | ' | 14 | 6 | ' | ' | 1,898 | 2,415 | ' | ' | 2,449 | 1,763 | ' | ' | 851 | 3,565 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Retained interests, Estimated fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Available-for-sale Securities, Equity, Estimated fair value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40 | 26 | 251 | 596 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net pre-tax gains (loss) on trading securities | -2 | 1 | 49 | 37 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketable securities OTTI amounts | 62 | 25 | 523 | 90 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cumulative impairments recognized in earnings associated with debt securities | ' | ' | ' | ' | ' | ' | ' | ' | 945 | 588 | 578 | 726 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketable securities OTTI recorded in AOCI | 6 | 0 | 36 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketable Securities, Realized Loss, Other than Temporary Impairments, Amount | ' | ' | ' | ' | 56 | 25 | 467 | 89 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Incremental Charges On Previously Impaired Investment Securities | 42 | 13 | 61 | 25 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Than Temporary Impairment Related To Equity Securities | 13 | 0 | 14 | 24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Than Temporary First Time Impairments Of Investment Securities Recognized In Earnings | 0 | 0 | 385 | 10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Guarantee Provided By Parent Offset | ' | ' | 96 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other Than Temporary Impairment Related To Securities Subsequently Sold | 52 | 39 | 99 | 209 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from Sale of Available-for-sale Securities | 2,890 | 2,696 | 16,828 | 9,200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net, Available-for-sale Securities | $56 | $25 | $487 | $89 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment_Securities_Investme1
Investment Securities (Investments, by type and length in continuous loss position) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Domestic Corporate Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | $2,120 | $434 |
Gross unrealized losses, less than 12 months | -134 | -7 |
Estimated fair value, 12 months or more | 416 | 813 |
Gross unrealized losses, 12 months or more | -75 | -295 |
US States and Political Subdivisions Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 996 | 146 |
Gross unrealized losses, less than 12 months | -84 | -2 |
Estimated fair value, 12 months or more | 313 | 326 |
Gross unrealized losses, 12 months or more | -105 | -111 |
Residential Mortgage Backed Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 237 | 98 |
Gross unrealized losses, less than 12 months | -9 | -1 |
Estimated fair value, 12 months or more | 511 | 691 |
Gross unrealized losses, 12 months or more | -50 | -118 |
Commercial Mortgage Backed Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 292 | 37 |
Gross unrealized losses, less than 12 months | -26 | 0 |
Estimated fair value, 12 months or more | 773 | 979 |
Gross unrealized losses, 12 months or more | -62 | -95 |
Asset-backed Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 5,950 | 18 |
Gross unrealized losses, less than 12 months | -13 | -1 |
Estimated fair value, 12 months or more | 404 | 658 |
Gross unrealized losses, 12 months or more | -49 | -76 |
Foreign Corporate Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 140 | 167 |
Gross unrealized losses, less than 12 months | -1 | -8 |
Estimated fair value, 12 months or more | 495 | 602 |
Gross unrealized losses, 12 months or more | -95 | -118 |
Foreign Government Debt Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 1,474 | 201 |
Gross unrealized losses, less than 12 months | -6 | -1 |
Estimated fair value, 12 months or more | 40 | 37 |
Gross unrealized losses, 12 months or more | -1 | -2 |
US Treasury and Government [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 444 | 0 |
Gross unrealized losses, less than 12 months | -40 | 0 |
Estimated fair value, 12 months or more | 0 | 0 |
Gross unrealized losses, 12 months or more | 0 | 0 |
Retained Interest [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 9 | 3 |
Gross unrealized losses, less than 12 months | 0 | 0 |
Estimated fair value, 12 months or more | 0 | 0 |
Gross unrealized losses, 12 months or more | 0 | 0 |
Equity Securities [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 17 | 26 |
Gross unrealized losses, less than 12 months | -3 | -3 |
Estimated fair value, 12 months or more | 0 | 0 |
Gross unrealized losses, 12 months or more | 0 | 0 |
Total [Member] | ' | ' |
Investment [Line Items] | ' | ' |
Estimated fair value, less than 12 months | 11,679 | 1,130 |
Gross unrealized losses, less than 12 months | -316 | -23 |
Estimated fair value, 12 months or more | 2,952 | 4,106 |
Gross unrealized losses, 12 months or more | ($437) | ($815) |
Investment_Securities_Contract
Investment Securities (Contractual maturities) (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Amortized Cost [Member] | ' |
Investment [Line Items] | ' |
Within one year | $2,784 |
After one year through five years | 3,502 |
After five years through ten years | 5,032 |
After ten years | 18,056 |
Estimated Fair Value [Member] | ' |
Investment [Line Items] | ' |
Within one year | 2,800 |
After one year through five years | 3,720 |
After five years through ten years | 5,264 |
After ten years | $20,061 |
Investment_Securities_Gross_Re
Investment Securities (Gross Realized Gain Losses) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Available For Sale Investment Securities Gross Realized Gain Losses [Line Items] | ' | ' | ' | ' |
Total | ($26) | ($29) | ($277) | ($74) |
Subsidiaries [Member] | ' | ' | ' | ' |
Available For Sale Investment Securities Gross Realized Gain Losses [Line Items] | ' | ' | ' | ' |
Gains | 0 | 0 | 1 | 0 |
Losses, including impairments | 0 | 0 | -20 | 0 |
Total | 0 | 0 | -19 | 0 |
Subsidiaries GECC [Member] | ' | ' | ' | ' |
Available For Sale Investment Securities Gross Realized Gain Losses [Line Items] | ' | ' | ' | ' |
Gains | 34 | 26 | 219 | 85 |
Losses, including impairments | -60 | -55 | -477 | -159 |
Total | ($26) | ($29) | ($258) | ($74) |
Inventories_Details
Inventories (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Inventory, Net [Abstract] | ' | ' |
Raw materials and work in process | $10,642 | $9,295 |
Finished goods | 6,974 | 6,099 |
Unbilled shipments | 678 | 378 |
Inventory, Gross, Total | 18,294 | 15,772 |
Less revaluation to LIFO | -351 | -398 |
Total | $17,943 | $15,374 |
GECC_Financing_Receivables_and2
GECC Financing Receivables and Allowance for Losses on Financing Receivables (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Financing receivables, net | $243,835 | $258,028 | ' | ' |
Subsidiaries GECC [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans net of deferred income | 229,639 | 241,465 | ' | ' |
Investment In Financing Leases, Net Of Deferred Income | 29,736 | 32,471 | ' | ' |
Loans and leases receivable, Gross | 259,375 | 273,936 | ' | ' |
Less allowance for losses | -5,152 | -4,985 | -5,380 | -6,190 |
Financing receivables, net | 254,223 | 268,951 | ' | ' |
Deferred income | 1,963 | 2,182 | ' | ' |
Loans that have been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables | $582 | $750 | ' | ' |
GECC_Financing_Receivables_and3
GECC Financing Receivables and Allowance for Losses on Financing Receivables (Net Investment in Financing Leases) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | ||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Financing receivables - net | $243,835 | $258,028 | ' | ' |
Subsidiaries GECC [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 259,375 | 273,936 | ' | ' |
Less allowance for losses | -5,152 | -4,985 | -5,380 | -6,190 |
Financing receivables - net | 254,223 | 268,951 | ' | ' |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 129,212 | 137,810 | ' | ' |
Less allowance for losses | -910 | -1,041 | -1,249 | -1,530 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 69,240 | 72,517 | ' | ' |
Less allowance for losses | -470 | -490 | -567 | -889 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 35,529 | 37,037 | ' | ' |
Less allowance for losses | -342 | -445 | -574 | -400 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 9,573 | 11,401 | ' | ' |
Less allowance for losses | -75 | -80 | -72 | -157 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 468 | 603 | ' | ' |
Less allowance for losses | 0 | -6 | -2 | -4 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 114,810 | 121,558 | ' | ' |
Less allowance for losses | -887 | -1,021 | -1,215 | -1,450 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 4,367 | 4,851 | ' | ' |
Less allowance for losses | -11 | -9 | -13 | -26 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 9,642 | 10,915 | ' | ' |
Less allowance for losses | -10 | -8 | -12 | -17 |
Subsidiaries GECC [Member] | Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 393 | 486 | ' | ' |
Less allowance for losses | -2 | -3 | -9 | -37 |
Subsidiaries GECC [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 18,966 | 20,946 | ' | ' |
Less allowance for losses | -170 | -320 | -736 | -1,089 |
Subsidiaries GECC [Member] | Consumer Portfolio Segment [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 111,197 | 115,180 | ' | ' |
Less allowance for losses | -4,072 | -3,624 | -3,395 | -3,571 |
Subsidiaries GECC [Member] | Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 31,142 | 33,451 | ' | ' |
Less allowance for losses | -439 | -480 | -467 | -546 |
Subsidiaries GECC [Member] | Consumer Portfolio Segment [Member] | Non US installment and revolving credit [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 17,305 | 18,546 | ' | ' |
Less allowance for losses | -662 | -623 | -654 | -717 |
Subsidiaries GECC [Member] | Consumer Portfolio Segment [Member] | US installment and revolving credit [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 51,799 | 50,853 | ' | ' |
Less allowance for losses | -2,721 | -2,282 | -2,030 | -2,008 |
Subsidiaries GECC [Member] | Consumer Portfolio Segment [Member] | Non US auto [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 3,524 | 4,260 | ' | ' |
Less allowance for losses | -67 | -67 | -73 | -101 |
Subsidiaries GECC [Member] | Consumer Portfolio Segment [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Loans and Leases Receivable, Net of Deferred Income | 7,427 | 8,070 | ' | ' |
Less allowance for losses | ($183) | ($172) | ($171) | ($199) |
GECC_Financing_Receivables_and4
GECC Financing Receivables and Allowance for Losses on Financing Receivables (Allowance for Losses on Financing Receivables ) (Details) (Subsidiaries GECC [Member], USD $) | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2011 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | $5,152 | $5,380 | $4,985 | $6,190 |
Provision charged | 3,338 | 2,728 | ' | ' |
Other | -116 | -58 | ' | ' |
Gross write-offs | -4,194 | -4,649 | ' | ' |
Recoveries | 1,139 | 1,169 | ' | ' |
Commercial Portfolio Segment [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 910 | 1,249 | 1,041 | 1,530 |
Provision charged | 471 | 378 | ' | ' |
Other | -10 | -68 | ' | ' |
Gross write-offs | -755 | -740 | ' | ' |
Recoveries | 163 | 149 | ' | ' |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 470 | 567 | 490 | 889 |
Provision charged | 206 | 67 | ' | ' |
Other | -1 | -43 | ' | ' |
Gross write-offs | -316 | -423 | ' | ' |
Recoveries | 91 | 77 | ' | ' |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 342 | 574 | 445 | 400 |
Provision charged | 205 | 271 | ' | ' |
Other | 0 | -3 | ' | ' |
Gross write-offs | -369 | -142 | ' | ' |
Recoveries | 61 | 48 | ' | ' |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 75 | 72 | 80 | 157 |
Provision charged | 60 | 13 | ' | ' |
Other | -9 | -1 | ' | ' |
Gross write-offs | -65 | -117 | ' | ' |
Recoveries | 9 | 20 | ' | ' |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 0 | 2 | 6 | 4 |
Provision charged | -3 | 9 | ' | ' |
Other | 0 | -1 | ' | ' |
Gross write-offs | -3 | -10 | ' | ' |
Recoveries | 0 | 0 | ' | ' |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 887 | 1,215 | 1,021 | 1,450 |
Provision charged | 468 | 360 | ' | ' |
Other | -10 | -48 | ' | ' |
Gross write-offs | -753 | -692 | ' | ' |
Recoveries | 161 | 145 | ' | ' |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 11 | 13 | 9 | 26 |
Provision charged | 2 | 8 | ' | ' |
Other | 0 | 0 | ' | ' |
Gross write-offs | 0 | -24 | ' | ' |
Recoveries | 0 | 3 | ' | ' |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 10 | 12 | 8 | 17 |
Provision charged | 2 | 7 | ' | ' |
Other | 0 | -1 | ' | ' |
Gross write-offs | 0 | -11 | ' | ' |
Recoveries | 0 | 0 | ' | ' |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 2 | 9 | 3 | 37 |
Provision charged | -1 | 3 | ' | ' |
Other | 0 | -19 | ' | ' |
Gross write-offs | -2 | -13 | ' | ' |
Recoveries | 2 | 1 | ' | ' |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 170 | 736 | 320 | 1,089 |
Provision charged | -21 | 101 | ' | ' |
Other | -5 | -7 | ' | ' |
Gross write-offs | -133 | -455 | ' | ' |
Recoveries | 9 | 8 | ' | ' |
Consumer Portfolio Segment [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 4,072 | 3,395 | 3,624 | 3,571 |
Provision charged | 2,888 | 2,249 | ' | ' |
Other | -101 | 17 | ' | ' |
Gross write-offs | -3,306 | -3,454 | ' | ' |
Recoveries | 967 | 1,012 | ' | ' |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 439 | 467 | 480 | 546 |
Provision charged | 137 | 66 | ' | ' |
Other | -2 | 5 | ' | ' |
Gross write-offs | -216 | -213 | ' | ' |
Recoveries | 40 | 63 | ' | ' |
Consumer Portfolio Segment [Member] | Non US installment and revolving credit [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 662 | 654 | 623 | 717 |
Provision charged | 405 | 270 | ' | ' |
Other | -42 | 22 | ' | ' |
Gross write-offs | -727 | -798 | ' | ' |
Recoveries | 403 | 443 | ' | ' |
Consumer Portfolio Segment [Member] | US installment and revolving credit [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 2,721 | 2,030 | 2,282 | 2,008 |
Provision charged | 2,198 | 1,807 | ' | ' |
Other | -50 | -18 | ' | ' |
Gross write-offs | -2,118 | -2,140 | ' | ' |
Recoveries | 409 | 373 | ' | ' |
Consumer Portfolio Segment [Member] | Non US auto [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 67 | 73 | 67 | 101 |
Provision charged | 51 | 18 | ' | ' |
Other | -11 | -7 | ' | ' |
Gross write-offs | -96 | -110 | ' | ' |
Recoveries | 56 | 71 | ' | ' |
Consumer Portfolio Segment [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' | ' |
Total balance | 183 | 171 | 172 | 199 |
Provision charged | 97 | 88 | ' | ' |
Other | 4 | 15 | ' | ' |
Gross write-offs | -149 | -193 | ' | ' |
Recoveries | $59 | $62 | ' | ' |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Property, Plant and Equipment [Abstract] | ' | ' | ' | ' | ' |
Original cost | $115,873 | ' | $115,873 | ' | $115,006 |
Less accumulated depreciation and amortization | -47,132 | ' | -47,132 | ' | -45,962 |
Property, plant and equipment - net | 68,741 | ' | 68,741 | ' | 69,044 |
Depreciation and amortization | $2,578 | $2,193 | $7,155 | $6,699 | ' |
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Goodwill) (Details) (USD $) | 9 Months Ended | |||
Sep. 30, 2013 | Dec. 31, 2012 | Mar. 31, 2012 | Mar. 27, 2012 | |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | $78,024,000,000 | $73,175,000,000 | ' | ' |
Intangible assets subject to amortization | 14,074,000,000 | 11,828,000,000 | ' | ' |
Indefinite-lived intangible assets | 152,000,000 | 159,000,000 | ' | ' |
Total | 14,226,000,000 | 11,987,000,000 | ' | ' |
Acquisitions | 5,364,000,000 | ' | ' | ' |
Dispositions, currency exchange and other | -515,000,000 | ' | ' | ' |
Goodwill, period increase (decrease) | 4,849,000,000 | ' | ' | ' |
Percentage Ownership In Joint Venture | ' | ' | ' | 50.00% |
Pre Tax Gain On Deconsolidation Of Business Contributed To Joint Venture | ' | ' | 274,000,000 | ' |
After Tax Gain On Deconsolidation Of Business Contributed To Joint Venture | ' | ' | 152,000,000 | ' |
Discount Rates Used In Reporting Unit Valuations Minimum Rate | 8.00% | ' | ' | ' |
Discount Rates Used In Reporting Unit Valuations Maximum Rate | 16.50% | ' | ' | ' |
Power And Water [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 8,818,000,000 | 8,821,000,000 | ' | ' |
Acquisitions | 0 | ' | ' | ' |
Dispositions, currency exchange and other | -3,000,000 | ' | ' | ' |
Oil And Gas [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 10,530,000,000 | 8,365,000,000 | ' | ' |
Acquisitions | 2,240,000,000 | ' | ' | ' |
Dispositions, currency exchange and other | -75,000,000 | ' | ' | ' |
Oil And Gas [Member] | Acquisition Lufkin Industries Inc [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Acquisitions | 2,055,000,000 | ' | ' | ' |
Energy Management [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 4,583,000,000 | 4,610,000,000 | ' | ' |
Acquisitions | 0 | ' | ' | ' |
Dispositions, currency exchange and other | -27,000,000 | ' | ' | ' |
Aviation [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 8,993,000,000 | 5,975,000,000 | ' | ' |
Acquisitions | 3,058,000,000 | ' | ' | ' |
Dispositions, currency exchange and other | -40,000,000 | ' | ' | ' |
Aviation [Member] | Acquisition Avio SpA [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Acquisitions | 3,058,000,000 | ' | ' | ' |
Business Acquisition, Preexisting Relationship, Gain (Loss) Recognized | 96,000,000 | ' | ' | ' |
Healthcare [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 16,772,000,000 | 16,762,000,000 | ' | ' |
Acquisitions | 38,000,000 | ' | ' | ' |
Dispositions, currency exchange and other | -28,000,000 | ' | ' | ' |
Transportation [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 1,021,000,000 | 999,000,000 | ' | ' |
Acquisitions | 0 | ' | ' | ' |
Dispositions, currency exchange and other | 22,000,000 | ' | ' | ' |
Home and Business Solutions [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 607,000,000 | 611,000,000 | ' | ' |
Acquisitions | 0 | ' | ' | ' |
Dispositions, currency exchange and other | -4,000,000 | ' | ' | ' |
GE Capital [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 26,696,000,000 | 27,032,000,000 | ' | ' |
Acquisitions | 24,000,000 | ' | ' | ' |
Dispositions, currency exchange and other | -360,000,000 | ' | ' | ' |
GE Capital [Member] | Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Discount Rate Goodwill Impairment | 11.25% | ' | ' | ' |
Implied Fair Value Of Goodwill Exceeding Carrying Value Of Goodwill | 3,700,000,000 | ' | ' | ' |
Corporate Items And Eliminations [Member] | ' | ' | ' | ' |
Goodwill [Line Items] | ' | ' | ' | ' |
Goodwill | 4,000,000 | 0 | ' | ' |
Acquisitions | 4,000,000 | ' | ' | ' |
Dispositions, currency exchange and other | $0 | ' | ' | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Intangible Assets Subject to Amortization) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | $25,911 | ' | $25,911 | ' | $23,016 |
Accumulated amortization | -11,837 | ' | -11,837 | ' | -11,188 |
Net | 14,074 | ' | 14,074 | ' | 11,828 |
Adjustments To Reflect Present Value Of Future Profits In Run Off Insurance Operations To Reflect Effects That Would Have Been Recognized Had Related Unrealized Investment Securities Holding Gains Loses Actually Been Realized | 327 | ' | 327 | ' | 353 |
Increase (Decrease) in Intangible Assets, Current | ' | ' | 2,895 | ' | ' |
Amortization expense | 429 | 359 | 1,257 | 1,079 | ' |
Acquisition Avio SpA [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Increase (Decrease) in Intangible Assets, Current | ' | ' | 1,830 | ' | ' |
Oil And Gas [Member] | Acquisition Lufkin Industries Inc [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Increase (Decrease) in Intangible Assets, Current | ' | ' | 926 | ' | ' |
Customer Relationships [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | 8,065 | ' | 8,065 | ' | 6,978 |
Accumulated amortization | -2,321 | ' | -2,321 | ' | -2,161 |
Net | 5,744 | ' | 5,744 | ' | 4,817 |
Patents, Licenses And Trademarks [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | 6,452 | ' | 6,452 | ' | 6,172 |
Accumulated amortization | -2,777 | ' | -2,777 | ' | -2,595 |
Net | 3,675 | ' | 3,675 | ' | 3,577 |
Computer Software, Intangible Asset [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | 8,114 | ' | 8,114 | ' | 7,537 |
Accumulated amortization | -5,219 | ' | -5,219 | ' | -4,691 |
Net | 2,895 | ' | 2,895 | ' | 2,846 |
Leases, Acquired-in-Place [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | 731 | ' | 731 | ' | 1,163 |
Accumulated amortization | -510 | ' | -510 | ' | -792 |
Net | 221 | ' | 221 | ' | 371 |
Present Value Of Future Profits [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | 566 | ' | 566 | ' | 530 |
Accumulated amortization | -566 | ' | -566 | ' | -530 |
Net | 0 | ' | 0 | ' | 0 |
All Other [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Gross carrying amount | 1,983 | ' | 1,983 | ' | 636 |
Accumulated amortization | -444 | ' | -444 | ' | -419 |
Net | 1,539 | ' | 1,539 | ' | 217 |
All Other [Member] | Acquisition Avio SpA [Member] | ' | ' | ' | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' | ' | ' | ' |
Increase (Decrease) in Intangible Assets, Current | ' | ' | $1,226 | ' | ' |
GECC_Borrowings_and_Bank_Depos2
GECC Borrowings and Bank Deposits (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | ||
In Millions, unless otherwise specified | ||||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | $80,496 | $101,392 | ||
Long-term borrowings | 226,872 | 236,084 | ||
Non Recourse Borrowings Of Consolidated Securitization Entities | 29,966 | 30,123 | ||
Bank deposits | 50,761 | 46,461 | ||
Total borrowings and bank deposits | 388,095 | 414,060 | ||
Scenario, Adjustment [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | -436 | -589 | ||
Long-term borrowings | -124 | -120 | ||
Commercial Paper [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 300 | 352 | ||
Notes Payable to Banks [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 218 | 23 | ||
Long-term borrowings | 73 | 13 | ||
Current Portion Of Long Term Borrowings [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 73 | 5,068 | ||
Non Recourse Borrowings Of Consolidated Securitization Entities | 7,099 | 7,707 | ||
Other Short Term Borrowing [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 511 | 598 | ||
Senior unsecured notes [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | 10,967 | 10,963 | ||
Other Long Term Borrowing [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | 453 | 452 | ||
Long-term Debt [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | 11,493 | 11,428 | ||
Non Recourse Borrowings Of Consolidated Securitization Entities | 22,867 | 22,416 | ||
Subsidiaries [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 1,102 | [1] | 6,041 | [1] |
Long-term borrowings | 11,493 | [1] | 11,428 | [1] |
Non Recourse Borrowings Of Consolidated Securitization Entities | 0 | [1] | 0 | [1] |
Bank deposits | 0 | [1] | 0 | [1] |
Subsidiaries GECC [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 79,830 | 95,940 | ||
Long-term borrowings | 215,503 | 224,776 | ||
Non Recourse Borrowings Of Consolidated Securitization Entities | 29,966 | 30,123 | ||
Bank deposits | 50,761 | 46,461 | ||
Subsidiaries GECC [Member] | US Commercial Paper [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 27,360 | 33,686 | ||
Subsidiaries GECC [Member] | Non US Commercial Paper [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 5,671 | 9,370 | ||
Subsidiaries GECC [Member] | Current Portion Of Long Term Borrowings [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 38,065 | 44,264 | ||
Subsidiaries GECC [Member] | GE Interest Plus notes [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 8,482 | 8,189 | ||
Subsidiaries GECC [Member] | Other Short Term Borrowing [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Short-term borrowings | 252 | 431 | ||
Subsidiaries GECC [Member] | Senior unsecured notes [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | 191,118 | 199,646 | ||
Subsidiaries GECC [Member] | Subordinated notes [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | 4,787 | 4,965 | ||
Subsidiaries GECC [Member] | Subordinated Debt [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | 7,312 | 7,286 | ||
Subsidiaries GECC [Member] | Other Long Term Borrowing [Member] | ' | ' | ||
Borrowings And Bank Deposits [Line Items] | ' | ' | ||
Long-term borrowings | $12,286 | $12,879 | ||
[1] | (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. |
GECC_Borrowings_and_Bank_Depos3
GECC Borrowings and Bank Deposits (Parenthetical) (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Long-term borrowings | $226,872 | $236,084 |
Bank deposits | 50,761 | 46,461 |
Short-term borrowings | 80,496 | 101,392 |
Repayments of Unsecured Debt | 5,000 | ' |
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ' |
Subsidiaries GECC [Member] | ' | ' |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Long-term borrowings | 215,503 | 224,776 |
Secured Debt | 9,855 | 9,757 |
U.S. dollar equivalent of subordinated debentures hedged at issuance | 7,725 | ' |
Bank deposits | 50,761 | 46,461 |
Short-term borrowings | 79,830 | 95,940 |
Guaranteed investment contracts [Member] | Subsidiaries GECC [Member] | ' | ' |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Long-term borrowings | 526 | 604 |
Subordinated Notes Guaranteed By GE [Member] | Subsidiaries GECC [Member] | ' | ' |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Long-term borrowings | 300 | 300 |
Non US Banks [Member] | Subsidiaries GECC [Member] | ' | ' |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Bank deposits | 15,847 | 16,157 |
Non Recourse [Member] | Subsidiaries GECC [Member] | ' | ' |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Secured Debt | 3,808 | 3,294 |
Certificates of Deposit [Member] | Subsidiaries GECC [Member] | ' | ' |
Borrowings And Bank Deposits [Line Items] | ' | ' |
Secured Long-term Debt, Noncurrent | $16,557 | $17,291 |
Postretirement_Benefit_Plans_D
Postretirement Benefit Plans (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Disclosure of other pension plans includes pension plans with pension assets or obligations in excess of threshold amount | $50 | ' | $50 | ' |
Pension Plan, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Expected return on plan assets | -875 | -939 | -2,625 | -2,830 |
Service cost for benefits earned | 362 | 356 | 1,145 | 1,044 |
Interest cost on benefit obligation | 615 | 619 | 1,845 | 1,858 |
Prior service cost amortization | 62 | 70 | 185 | 210 |
Net actuarial (gain) loss amortization | 916 | 855 | 2,748 | 2,565 |
Pension plans cost | 1,080 | 961 | 3,298 | 2,847 |
Other Pension Plan, Defined Benefit [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Expected return on plan assets | -170 | -155 | -496 | -467 |
Service cost for benefits earned | 130 | 98 | 330 | 292 |
Interest cost on benefit obligation | 135 | 128 | 392 | 385 |
Prior service cost amortization | 2 | 1 | 6 | 3 |
Net actuarial (gain) loss amortization | 85 | 69 | 256 | 209 |
Pension plans cost | 182 | 141 | 488 | 422 |
Principal Retiree Health and Life Insurance Plans [Member] | ' | ' | ' | ' |
Defined Benefit Plan Disclosure [Line Items] | ' | ' | ' | ' |
Expected return on plan assets | -15 | -19 | -45 | -56 |
Service cost for benefits earned | 43 | 58 | 168 | 168 |
Interest cost on benefit obligation | 101 | 123 | 309 | 381 |
Prior service cost amortization | 98 | 126 | 294 | 418 |
Net actuarial (gain) loss amortization | -16 | 8 | -28 | 8 |
Net curtailment / other gain | 0 | -39 | 0 | -39 |
Pension plans cost | $211 | $257 | $698 | $880 |
Income_Taxes_Details
Income Taxes (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Income Tax Disclosure [Line Items] | ' | ' |
Unrecognized tax benefits | $5,933 | $5,445 |
Portion that, if recognized, would reduce tax expense and effective tax rate | 4,462 | 4,032 |
Accrued interest on unrecognized tax benefits | 1,038 | 961 |
Accrued penalties on unrecognized tax benefits | 154 | 173 |
Lower Limit [Member] | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' |
Portion that, if recognized, would reduce tax expense and effective tax rate | 0 | 0 |
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months lower limit | 0 | 0 |
Upper Limit [Member] | ' | ' |
Income Tax Disclosure [Line Items] | ' | ' |
Portion that, if recognized, would reduce tax expense and effective tax rate | 800 | 700 |
Reasonably possible reduction to the balance of unrecognized tax benefits in succeeding 12 months upper limit | $1,400 | $800 |
Shareowners_Equity_Changes_In_
Shareowners' Equity (Changes In Accumulated Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | ||
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ||
Investment Securities Beginning Balance | $146 | $472 | $677 | [1] | ($30) | ' | |
Investment Securities Balance at September 30 | 315 | [1] | 592 | 315 | [1] | 592 | ' |
Currency Translation Adjustment Beginning Balance | 358 | -861 | 412 | [1] | 133 | ' | |
Currency Translation Adjustment Balance September 30 | -36 | [1] | 430 | -36 | [1] | 430 | ' |
Cash Flow Hedges Beginning Balance | -430 | -1,031 | -722 | [1] | -1,176 | ' | |
Cash Flow Hedges Balance September 30 | -370 | [1] | -965 | -370 | [1] | -965 | ' |
Benefit Plans Beginning Balance | -18,537 | -21,303 | -20,597 | [1] | -22,901 | ' | |
Benefit Plans Balance September 30 | -17,772 | [1] | -20,378 | -17,772 | [1] | -20,378 | ' |
Other comprehensive income, net of tax | 610 | 2,407 | 2,346 | 3,656 | ' | ||
Less: Other comprehensive income (loss) attributable to noncontrolling interests | 10 | 5 | -21 | 3 | ' | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax | -17,863 | -20,321 | -17,863 | -20,321 | -20,230 | ||
Securities Investment [Member] | ' | ' | ' | ' | ' | ||
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ||
Other comprehensive income (OCI) before reclassifications - net of deferred taxes | 155 | 104 | -515 | 575 | ' | ||
Reclassification from OCI net of deferred taxes | 15 | 18 | 153 | 45 | ' | ||
Other comprehensive income, net of tax | 170 | 122 | -362 | 620 | ' | ||
Less: Other comprehensive income (loss) attributable to noncontrolling interests | 1 | 2 | 0 | -2 | ' | ||
Stockholders Equity Note Parenthetical | ' | ' | ' | ' | ' | ||
OCI before reclassification tax | 67 | 68 | -302 | 331 | ' | ||
Reclassification from OCI | 11 | 10 | 124 | 28 | ' | ||
Currency Translation Adjustment [Member] | ' | ' | ' | ' | ' | ||
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ||
Other comprehensive income (OCI) before reclassifications - net of deferred taxes | -327 | 1,416 | -313 | 429 | ' | ||
Reclassification from OCI net of deferred taxes | -56 | -120 | -156 | -123 | ' | ||
Other comprehensive income, net of tax | -383 | 1,296 | -469 | 306 | ' | ||
Less: Other comprehensive income (loss) attributable to noncontrolling interests | 11 | 5 | -21 | 9 | ' | ||
Stockholders Equity Note Parenthetical | ' | ' | ' | ' | ' | ||
OCI before reclassification tax | -12 | -193 | -326 | -207 | ' | ||
Reclassification from OCI | 7 | 72 | 85 | 67 | ' | ||
Cash Flow Hedge [Member] | ' | ' | ' | ' | ' | ||
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ||
Other comprehensive income (OCI) before reclassifications - net of deferred taxes | 63 | -39 | 271 | 88 | ' | ||
Reclassification from OCI net of deferred taxes | -5 | 104 | 80 | 122 | ' | ||
Other comprehensive income, net of tax | 58 | 65 | 351 | 210 | ' | ||
Less: Other comprehensive income (loss) attributable to noncontrolling interests | -2 | -1 | -1 | -1 | ' | ||
Stockholders Equity Note Parenthetical | ' | ' | ' | ' | ' | ||
OCI before reclassification tax | 43 | 285 | 144 | 323 | ' | ||
Reclassification from OCI | -20 | -188 | -85 | -208 | ' | ||
Pension Plan, Defined Benefit [Member] | ' | ' | ' | ' | ' | ||
Stockholders Equity Note [Line Items] | ' | ' | ' | ' | ' | ||
Other comprehensive income, net of tax | 765 | 924 | 2,826 | 2,520 | ' | ||
Less: Other comprehensive income (loss) attributable to noncontrolling interests | 0 | -1 | 1 | -3 | ' | ||
Stockholders Equity Note Parenthetical | ' | ' | ' | ' | ' | ||
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit) Arising During Period, Net of Tax | 0 | -783 | 0 | -783 | ' | ||
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Net Prior Service Cost (Credit), Tax | 0 | 447 | 0 | 447 | ' | ||
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Net of Tax | 100 | 121 | 298 | 389 | ' | ||
Other Comprehensive Income (Loss), Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service (Cost) Credit, Tax | 68 | 80 | 201 | 256 | ' | ||
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Net of Tax | -9 | 556 | -548 | 460 | ' | ||
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net (Gain) Loss, Tax | -7 | -302 | 295 | -236 | ' | ||
Other Comprehensive Income Net Amortization Of Net Actuarial Gain Loss | 656 | 615 | 1,980 | 1,847 | ' | ||
Other Comprehensive Income Net Amortization Of Net Actuarial Gain Loss Tax | 334 | 319 | 1,008 | 949 | ' | ||
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Net of Tax | 0 | -39 | 0 | -39 | ' | ||
Other Comprehensive Income (Loss), Finalization of Pension and Other Postretirement Benefit Plan Valuation, Tax | $0 | $0 | $0 | $0 | ' | ||
[1] | (c) The sum of accumulated other comprehensive income (loss) attributable to GE was $(17,863) million and $(20,230) million at September 30, 2013 and December 31, 2012, respectively. |
Shareowners_Equity_Reclass_Out
Shareowners' Equity (Reclass Out of Accumulated Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Income Tax Expense (Benefit) | $345 | $557 | $1,159 | $1,718 |
Net Income (Loss) Available to Common Stockholders, Basic | 3,191 | 3,491 | 9,851 | 9,630 |
Financial Services Revenue | 10,210 | 10,928 | 31,935 | 32,925 |
Interest and other financial charges | 2,462 | 2,972 | 7,700 | 9,521 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | 3,263 | 3,467 | 10,304 | 10,427 |
Subsidiaries GECC [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Income Tax Expense (Benefit) | 1 | 80 | 94 | 399 |
Net Income (Loss) Available to Common Stockholders, Basic | 1,812 | 1,568 | 5,296 | 4,712 |
Financial Services Revenue | 10,637 | 11,240 | 33,095 | 33,878 |
Interest and other financial charges | 2,241 | 2,798 | 7,046 | 8,962 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | 1,905 | 1,695 | 5,782 | 5,615 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Net Income (Loss) Available to Common Stockholders, Basic | -710 | -738 | -2,355 | -2,280 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax | 49 | 48 | 71 | 56 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Tax | 7 | 72 | 85 | 67 |
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax | 56 | 120 | 156 | 123 |
Reclassification out of Accumulated Other Comprehensive Income [Member] | Available-for-sale Securities [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Gain (Loss) on Investments, Excluding Other than Temporary Impairments | -26 | -28 | -277 | -73 |
Income Tax Expense (Benefit) | 11 | 10 | 124 | 28 |
Net Income (Loss) Available to Common Stockholders, Basic | -15 | -18 | -153 | -45 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Financial Services Revenue | 73 | 268 | 210 | 673 |
Interest and other financial charges | -11 | -23 | -42 | -93 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Income Tax Expense (Benefit) | -20 | -188 | -85 | -208 |
Net Income (Loss) Available to Common Stockholders, Basic | 5 | -104 | -80 | -122 |
Other Nonoperating Income (Expense) | 51 | -43 | 119 | -110 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | 25 | 84 | 5 | 86 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Interest Rate Contract [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Interest Income (Expense), Net | -88 | -118 | -282 | -384 |
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Foreign Exchange Contract [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Financial Services Revenue | 62 | 245 | 168 | 580 |
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items] | ' | ' | ' | ' |
Income Tax Expense (Benefit) | 402 | 399 | 1,209 | 1,205 |
Net Income (Loss) Available to Common Stockholders, Basic | -756 | -736 | -2,278 | -2,236 |
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest | -1,158 | -1,135 | -3,487 | -3,441 |
Other Comprehensive (Income) Loss, Amortization Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Prior Service Cost (Credit), before Tax | -168 | -201 | -499 | -645 |
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, for Net Gain (Loss), before Tax | ($990) | ($934) | ($2,988) | ($2,796) |
Shareowners_Equity_Details
Shareowners' Equity (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | ||
Changes To Noncontrolling Interest | ' | ' | ' | ' | ||
Beginning balance | $6,302 | $3,780 | $5,444 | [1] | $1,696 | |
Net earnings | -10 | 17 | 140 | 88 | ||
GECC issuance of preferred stock | 0 | 1,733 | 990 | 3,960 | ||
GECC preferred stock dividend | 0 | 0 | -135 | 0 | ||
Dividends | -9 | -21 | -72 | -35 | ||
Dispositions | -15 | 0 | -119 | 0 | ||
AOCI and other | 85 | -45 | 105 | -245 | ||
Ending balance | $6,353 | [1] | $5,464 | $6,353 | [1] | $5,464 |
[1] | (d) Included accumulated other comprehensive income (loss) attributable to noncontrolling interests of $(176) million and $(155) million at September 30, 2013 and December 31, 2012, respectively. |
Shareowners_Equity_Parenthetic
Shareowners' Equity (Parenthetical) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued | ' | ' | ' | ' | 40,000 |
Preferred Stock, Par or Stated Value Per Share | $0.01 | ' | $0.01 | ' | $0.01 |
Proceeds From Issuance Of Preferred Stock | $990 | ' | $990 | $3,960 | $3,960 |
Initial Fixed Interest Rate Of Preferred Stock | 5.25% | ' | 5.25% | ' | ' |
Percentage Points Over Three Month LIBOR | 2.97% | ' | 2.97% | ' | ' |
Dividend Amount Paid By Finance Subsidiary To Parent | 500 | 471 | ' | ' | ' |
Special Dividend Paid By Finance Subsidiary To Parent | 1,500 | 1,975 | ' | ' | ' |
First Preferred Shares Issuance [Member] | ' | ' | ' | ' | ' |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued | ' | ' | ' | ' | 22,500 |
Initial Fixed Interest Rate Of Preferred Stock | ' | ' | ' | ' | 7.13% |
Percentage Points Over Three Month LIBOR | ' | ' | ' | ' | 5.30% |
Second Preferred Shares Issuance [Member] | ' | ' | ' | ' | ' |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Preferred Stock, Shares Issued | 10,000 | ' | 10,000 | ' | 17,500 |
Initial Fixed Interest Rate Of Preferred Stock | ' | ' | ' | ' | 6.25% |
Percentage Points Over Three Month LIBOR | ' | ' | ' | ' | 4.70% |
Subsidiaries GECC [Member] | ' | ' | ' | ' | ' |
Noncontrolling Interest [Line Items] | ' | ' | ' | ' | ' |
Proceeds From Issuance Of Preferred Stock | ' | ' | $990 | $3,960 | ' |
GECC_Revenues_from_Services_De
GECC Revenues from Services (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Subsidiary Revenue From Services [Line Items] | ' | ' | ' | ' |
Total | $10,210 | $10,928 | $31,935 | $32,925 |
Guarantee Provided By Parent Offset | ' | ' | 96 | ' |
Consolidation, Eliminations [Member] | ' | ' | ' | ' |
Subsidiary Revenue From Services [Line Items] | ' | ' | ' | ' |
Total | -427 | -312 | -1,160 | -953 |
Subsidiaries GECC [Member] | ' | ' | ' | ' |
Subsidiary Revenue From Services [Line Items] | ' | ' | ' | ' |
Interest On Loans | 4,585 | 4,708 | 13,608 | 14,328 |
Equipment leased to others | 2,435 | 2,531 | 7,397 | 7,720 |
Fees | 1,199 | 1,173 | 3,499 | 3,493 |
Investment Income | 514 | 636 | 1,502 | 1,971 |
Financing leases | 395 | 392 | 1,220 | 1,455 |
Premiums earned by insurance activities | 403 | 433 | 1,208 | 1,294 |
Real estate investments | 331 | 464 | 2,139 | 1,202 |
Associated companies | 406 | 451 | 852 | 1,146 |
Other items | 369 | 452 | 1,670 | 1,269 |
Total | 10,637 | 11,240 | 33,095 | 33,878 |
Net other-than-temporary impairments on investment securities | 56 | 25 | 467 | 89 |
Subsidiaries GECC [Member] | Sale Of Rockefeller Center [Member] | ' | ' | ' | ' |
Subsidiary Revenue From Services [Line Items] | ' | ' | ' | ' |
Proceeds from Sale of Real Estate Held-for-investment | ' | ' | 902 | ' |
Gross Eliminations [Member] | ' | ' | ' | ' |
Subsidiary Revenue From Services [Line Items] | ' | ' | ' | ' |
Total | ' | ' | $33,095 | $33,878 |
Earnings_Per_Share_Information2
Earnings Per Share Information (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Amount attributable to the Company: | ' | ' | ' | ' |
Earnings from continuing operations attributable to common shareowners for per-share calculation, Basic | $3,269 | $3,445 | $10,150 | $10,325 |
Earnings (loss) from discontinued operations for per-share calculation, Basic | -82 | 41 | -312 | -707 |
Net earnings attributable to GE common shareowners for per-share calculation, Basic | 3,187 | 3,486 | 9,838 | 9,617 |
Preferred stock dividends declared | 0 | 0 | 0 | 0 |
Earnings from continuing operations attributable to common shareowners for per-share calculation, Diluted | 3,259 | 3,445 | 10,150 | 10,325 |
Earnings (loss) from discontinued operations for per-share calculation, Diluted | -92 | 41 | -312 | -707 |
Net earnings attributable to GE common shareowners for per-share calculation, Diluted | $3,177 | $3,486 | $9,838 | $9,617 |
Average equivalent shares | ' | ' | ' | ' |
Shares of GE common stock outstanding, Basic | 10,151,000,000 | 10,523,000,000 | 10,262,000,000 | 10,552,000,000 |
Employee compensation-related shares (including stock options) and warrants, Basic | 0 | 0 | 0 | 0 |
Total average equivalent shares, Basic | 10,151,000,000 | 10,523,000,000 | 10,262,000,000 | 10,552,000,000 |
Shares of GE common stock outstanding, Diluted | 10,151,000,000 | 10,523,000,000 | 10,262,000,000 | 10,552,000,000 |
Employee compensation-related shares (including stock options) and warrants, Diluted | 72,000,000 | 45,000,000 | 65,000,000 | 38,000,000 |
Total average equivalent shares, Diluted | 10,223,000,000 | 10,568,000,000 | 10,328,000,000 | 10,590,000,000 |
Per-share amounts | ' | ' | ' | ' |
Earnings (loss) from continuing operations-Basic | $0.32 | $0.33 | $0.99 | $0.98 |
Earnings (loss) from discontinued operations-Basic | ($0.01) | $0 | ($0.03) | ($0.07) |
Net earnings-Basic | $0.31 | $0.33 | $0.96 | $0.91 |
Earnings (loss) from continuing operations-Diluted | $0.32 | $0.33 | $0.98 | $0.98 |
Earnings (loss) from discontinued operations-Diluted | ($0.01) | $0 | ($0.03) | ($0.07) |
Net earnings-Diluted | $0.31 | $0.33 | $0.95 | $0.91 |
Common Stock, Shares Authorized | 13,200,000,000 | ' | 13,200,000,000 | ' |
Outstanding anti-dilutive stock awards not included in computation of diluted earnings per share | 78,000,000 | 273,000,000 | 134,000,000 | 290,000,000 |
Common stock, par value per share | $0.06 | ' | $0.06 | ' |
Fair_Value_Measurements_Detail
Fair Value Measurements (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investment securities | $43,897 | $48,510 |
Domestic Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Domestic Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 19,091 | 20,580 |
Domestic Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 3,298 | 3,591 |
Domestic Corporate Debt Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Domestic Corporate Debt Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 22,389 | 24,171 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 3,011 | 3,088 |
Commercial Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 14 | 6 |
Commercial Mortgage Backed Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Commercial Mortgage Backed Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 3,025 | 3,094 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 4,150 | 4,469 |
US States and Political Subdivisions Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 94 | 77 |
US States and Political Subdivisions Debt Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
US States and Political Subdivisions Debt Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 4,244 | 4,546 |
Foreign Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 63 | 71 |
Foreign Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 796 | 1,132 |
Foreign Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 1,053 | 1,218 |
Foreign Corporate Debt Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Foreign Corporate Debt Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 1,912 | 2,421 |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 541 | 715 |
Asset-backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 5,938 | 5,023 |
Asset-backed Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Asset-backed Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 6,479 | 5,738 |
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 1,613 | 702 |
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 803 | 1,019 |
Foreign Government Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 33 | 42 |
Foreign Government Debt Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Foreign Government Debt Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 2,449 | 1,763 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 639 | 3,288 |
US Treasury and Government [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 212 | 277 |
US Treasury and Government [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
US Treasury and Government [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 851 | 3,565 |
Retained Interest [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Retained Interest [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Retained Interest [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 78 | 83 |
Retained Interest [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Retained Interest [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 78 | 83 |
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 245 | 590 |
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 31 | 16 |
Available-for-sale Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 11 | 13 |
Available-for-sale Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Available-for-sale Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 287 | 619 |
Trading [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 150 | 248 |
Trading [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 2 | 0 |
Trading [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Trading [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Trading [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 152 | 248 |
Derivatives [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Derivative assets | 0 | 0 |
Derivative liabilities | 0 | 0 |
Derivatives [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Derivative assets | 7,157 | 11,432 |
Derivative liabilities | 5,198 | 3,434 |
Derivatives [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Derivative assets | 185 | 434 |
Derivative liabilities | 22 | 20 |
Derivatives [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Derivative assets | -5,875 | -7,926 |
Derivative liabilities | -4,437 | -3,177 |
Derivatives [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Derivative assets | 1,467 | 3,940 |
Derivative liabilities | 783 | 277 |
Other 1 [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Other Assets | 0 | 35 |
Other Liabilities | 0 | 0 |
Other 1 [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Other Assets | 0 | 0 |
Other Liabilities | 1,036 | 908 |
Other 1 [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Other Assets | 718 | 799 |
Other Liabilities | 0 | 0 |
Other 1 [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Other Assets | 0 | 0 |
Other Liabilities | 0 | 0 |
Other 1 [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Other Assets | 718 | 834 |
Other Liabilities | 1,036 | 908 |
Total [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Total Assets | 2,071 | 1,646 |
Total Liabilities | 0 | 0 |
Total [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Total Assets | 38,164 | 47,901 |
Total Liabilities | 6,234 | 4,342 |
Total [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Total Assets | 11,722 | 11,663 |
Total Liabilities | 22 | 20 |
Total [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Total Assets | -5,875 | -7,926 |
Total Liabilities | -4,437 | -3,177 |
Total [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Total Assets | 46,082 | 53,284 |
Total Liabilities | 1,819 | 1,185 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 2 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 1,943 | 2,162 |
Residential Mortgage Backed Securities [Member] | Fair Value, Inputs, Level 3 [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 88 | 100 |
Residential Mortgage Backed Securities [Member] | Netting Adjustment Including Collateral [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 0 | 0 |
Residential Mortgage Backed Securities [Member] | Net Balance [Member] | ' | ' |
Fair Value Assets And Liabilities Measured On Recurring Basis [Line Items] | ' | ' |
Investments, Fair Value Disclosure | $2,031 | $2,262 |
Fair_Value_Measurements_Change
Fair Value Measurements (Changes in Level 3 Instruments) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Jun. 30, 2013 | Dec. 31, 2012 | Jun. 30, 2012 | Dec. 31, 2011 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | $2,894 | ' | $2,894 | ' | ' | $3,146 | ' | ' |
Domestic Corporate Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 3,298 | 3,579 | 3,298 | 3,579 | 3,229 | 3,591 | 3,372 | 3,235 |
Net realized/unrealized gains (losses) included in earnings | 24 | 10 | -247 | 69 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -32 | 32 | 184 | -2 | ' | ' | ' | ' |
Purchases | 160 | 71 | 257 | 203 | ' | ' | ' | ' |
Sales | -34 | -34 | -383 | -105 | ' | ' | ' | ' |
Settlements | -49 | -16 | -139 | -63 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 144 | 108 | 260 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | 0 | -73 | -18 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
US States and Political Subdivisions Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 94 | 153 | 94 | 153 | 98 | 77 | 81 | 77 |
Net realized/unrealized gains (losses) included in earnings | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -4 | 8 | -8 | 11 | ' | ' | ' | ' |
Purchases | 4 | 12 | 20 | 13 | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Settlements | -4 | -1 | -5 | -1 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 78 | 10 | 78 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | -25 | 0 | -25 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Residential Mortgage Backed Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 88 | 34 | 88 | 34 | 91 | 100 | 97 | 41 |
Net realized/unrealized gains (losses) included in earnings | 0 | 0 | 0 | -3 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -2 | -2 | -4 | 1 | ' | ' | ' | ' |
Purchases | 0 | 1 | 0 | 1 | ' | ' | ' | ' |
Sales | 0 | 0 | -2 | 0 | ' | ' | ' | ' |
Settlements | -1 | 0 | -6 | -3 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 5 | 0 | 74 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | -67 | 0 | -77 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Commercial Mortgage Backed Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 14 | 6 | 14 | 6 | 5 | 6 | 0 | 4 |
Net realized/unrealized gains (losses) included in earnings | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Purchases | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | -1 | ' | ' | ' | ' |
Settlements | -1 | 0 | -2 | 0 | ' | ' | ' | ' |
Transfers into Level 3 | 10 | 6 | 10 | 6 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | 0 | 0 | -3 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Asset-backed Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 5,938 | 4,819 | 5,938 | 4,819 | 5,346 | 5,023 | 4,304 | 4,040 |
Net realized/unrealized gains (losses) included in earnings | 1 | -3 | 3 | 0 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | 36 | 90 | -32 | 43 | ' | ' | ' | ' |
Purchases | 569 | 483 | 1,479 | 881 | ' | ' | ' | ' |
Sales | 0 | -58 | -1 | -164 | ' | ' | ' | ' |
Settlements | -14 | 5 | -539 | 5 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 4 | 12 | 20 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | -6 | -7 | -6 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Foreign Corporate Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 1,053 | 1,295 | 1,053 | 1,295 | 1,197 | 1,218 | 1,363 | 1,204 |
Net realized/unrealized gains (losses) included in earnings | -29 | -7 | -112 | -19 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -2 | 20 | 18 | 17 | ' | ' | ' | ' |
Purchases | 1,827 | 18 | 4,637 | 334 | ' | ' | ' | ' |
Sales | 0 | -30 | -3 | -30 | ' | ' | ' | ' |
Settlements | -1,930 | -59 | -4,672 | -137 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 0 | 21 | 23 | ' | ' | ' | ' |
Transfers out of Level 3 | -10 | -10 | -54 | -97 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Foreign Government Debt Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 33 | 41 | 33 | 41 | 38 | 42 | 51 | 84 |
Net realized/unrealized gains (losses) included in earnings | 1 | 0 | 1 | -34 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -6 | 2 | -10 | 37 | ' | ' | ' | ' |
Purchases | 0 | 0 | 0 | 65 | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | -72 | ' | ' | ' | ' |
Settlements | 0 | -12 | 0 | -39 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
US Treasury and Government [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 212 | 267 | 212 | 267 | 264 | 277 | 261 | 253 |
Net realized/unrealized gains (losses) included in earnings | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -52 | 6 | -65 | 14 | ' | ' | ' | ' |
Purchases | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Settlements | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Retained Interest [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 78 | 29 | 78 | 29 | 93 | 83 | 31 | 35 |
Net realized/unrealized gains (losses) included in earnings | 0 | 1 | 5 | 1 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -11 | 0 | 5 | -8 | ' | ' | ' | ' |
Purchases | 0 | 3 | 2 | 12 | ' | ' | ' | ' |
Sales | 0 | -3 | 0 | -6 | ' | ' | ' | ' |
Settlements | -4 | -3 | -17 | -5 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Available-for-sale Securities [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 11 | 11 | 11 | 11 | 10 | 13 | 14 | 17 |
Net realized/unrealized gains (losses) included in earnings | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | 0 | 0 | 0 | -2 | ' | ' | ' | ' |
Purchases | 0 | 0 | 0 | 3 | ' | ' | ' | ' |
Sales | 0 | 0 | 0 | -4 | ' | ' | ' | ' |
Settlements | 0 | -1 | 0 | -1 | ' | ' | ' | ' |
Transfers into Level 3 | 1 | 1 | 0 | 1 | ' | ' | ' | ' |
Transfers out of Level 3 | 0 | -3 | -2 | -3 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Derivatives [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 171 | 358 | 171 | 358 | 167 | 416 | 348 | 369 |
Net realized/unrealized gains (losses) included in earnings | 1 | 41 | -52 | 71 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | 1 | 0 | 2 | -1 | ' | ' | ' | ' |
Purchases | -1 | -8 | -2 | 13 | ' | ' | ' | ' |
Sales | 0 | 3 | 0 | 0 | ' | ' | ' | ' |
Settlements | 2 | -25 | -221 | -43 | ' | ' | ' | ' |
Transfers into Level 3 | 2 | 0 | 28 | -1 | ' | ' | ' | ' |
Transfers out of Level 3 | -1 | -1 | 0 | -50 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | 13 | 40 | -30 | 68 | ' | ' | ' | ' |
Other 1 [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 718 | 781 | 718 | 781 | 854 | 799 | 785 | 817 |
Net realized/unrealized gains (losses) included in earnings | 16 | -7 | -81 | 25 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -1 | 9 | 3 | -4 | ' | ' | ' | ' |
Purchases | 148 | 52 | 352 | 93 | ' | ' | ' | ' |
Sales | -295 | -58 | -351 | -100 | ' | ' | ' | ' |
Settlements | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Transfers into Level 3 | 0 | 0 | 0 | 0 | ' | ' | ' | ' |
Transfers out of Level 3 | -4 | 0 | -4 | -50 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | -34 | -10 | -121 | 24 | ' | ' | ' | ' |
Total [Member] | ' | ' | ' | ' | ' | ' | ' | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' |
Changes in Level 3 | 11,708 | 11,373 | 11,708 | 11,373 | 11,392 | 11,645 | 10,707 | 10,176 |
Net realized/unrealized gains (losses) included in earnings | 14 | 35 | -483 | 110 | ' | ' | ' | ' |
Net realized/unrealized gains (losses) included in accumulated other comprehensive income | -73 | 165 | 93 | 106 | ' | ' | ' | ' |
Purchases | 2,707 | 632 | 6,745 | 1,618 | ' | ' | ' | ' |
Sales | -329 | -180 | -740 | -482 | ' | ' | ' | ' |
Settlements | -2,001 | -112 | -5,601 | -287 | ' | ' | ' | ' |
Transfers into Level 3 | 13 | 238 | 189 | 461 | ' | ' | ' | ' |
Transfers out of Level 3 | -15 | -112 | -140 | -329 | ' | ' | ' | ' |
Net change in unrealized gains (losses) relating to instruments still held | ($21) | $30 | ($151) | $92 | ' | ' | ' | ' |
Fair_Value_Measurements_NonRec
Fair Value Measurements (Non-Recurring Fair Value Measurements) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | Financing receivables and loans held for sale [Member] | Financing receivables and loans held for sale [Member] | Financing receivables and loans held for sale [Member] | Financing receivables and loans held for sale [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Total [Member] | Total [Member] | Total [Member] | Total [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financing receivables and loans held for sale [Member] | Financing receivables and loans held for sale [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Total [Member] | Total [Member] | Financing receivables and loans held for sale [Member] | Financing receivables and loans held for sale [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Total [Member] | Total [Member] | |||||||||||||||||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assets measured on non recurring basis | $2,447 | $2,412 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $148 | $366 | $1 | $8 | $946 | $702 | $1,095 | $1,076 | $2,693 | $4,094 | $954 | $313 | $2,126 | $2,182 | $5,773 | $6,589 |
Adjustments To Assets Measured At Fair Value On Non Recurring Basis | ' | ' | ($107) | ($225) | ($257) | ($411) | ($45) | ($50) | ($276) | ($105) | ($366) | ($451) | ($855) | ($650) | ($518) | ($726) | ($1,388) | ($1,166) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair_Value_Measurements_Level_
Fair Value Measurements (Level 3 Measurements) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 2,447 | 2,412 |
Fair Value, Inputs, Level 3 [Member] | Financing receivables and loans held for sale [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 2,693 | 4,094 |
Fair Value, Inputs, Level 3 [Member] | Cost and equity method investments [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 954 | 313 |
Fair Value, Inputs, Level 3 [Member] | Long Lived Assets, Including Real Estate [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 2,126 | 2,182 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Domestic Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 1,249 | 1,652 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Domestic Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 1.50% | 1.30% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Domestic Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 38.00% | 29.90% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Domestic Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Discount Rate Used For Level Three Valuation | 14.60% | 11.10% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Income Approach Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 5,888 | 4,977 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Income Approach Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 1.50% | 2.10% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Income Approach Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 10.50% | 13.10% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Asset-backed Securities [Member] | Income Approach Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Discount Rate Used For Level Three Valuation | 4.10% | 3.80% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 747 | 865 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 0.80% | 1.50% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 30.60% | 25.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Foreign Corporate Debt Securities [Member] | Income Approach Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Discount Rate Used For Level Three Valuation | 14.00% | 13.20% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Investments, Fair Value Disclosure | 579 | 633 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 4.70% | ' |
Range Capitalization Rate Used For Level Three Valuation | 6.30% | ' |
Weighted Average Cost Of Capital Used For Level Three Valuation | 8.90% | 8.70% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 5.50% | ' |
Range Capitalization Rate Used For Level Three Valuation | 7.50% | ' |
Weighted Average Cost Of Capital Used For Level Three Valuation | 9.20% | 10.20% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Discount Rate Used For Level Three Valuation | 5.20% | ' |
Weighted Average Cost Of Capital Used For Level Three Valuation | 9.20% | 8.70% |
Weighted Average Capitalization Rate Used For Level Three Valuation | 7.20% | ' |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | EBITDA Multiple [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
EBITDA Multiple Used For Level Three Valuation | 5.6 | 4.9 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | EBITDA Multiple [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
EBITDA Multiple Used For Level Three Valuation | 8.2 | 10.6 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Other 1 [Member] | Income Approach And Market Comparable Valuation Techniques [Member] | EBITDA Multiple [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
EBITDA Multiple Used For Level Three Valuation | 5.8 | 7.9 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 1,915 | 2,835 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Capitalization Rate Used For Level Three Valuation | 5.50% | 3.80% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Capitalization Rate Used For Level Three Valuation | 16.70% | 14.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Capitalization Rate Used For Level Three Valuation | 8.00% | 8.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | EBITDA Multiple [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
EBITDA Multiple Used For Level Three Valuation | 4.3 | 2 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | EBITDA Multiple [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
EBITDA Multiple Used For Level Three Valuation | 7 | 6 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Financing receivables and loans held for sale [Member] | Income Approach And Business Enterprise Valuation Techniques [Member] | EBITDA Multiple [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
EBITDA Multiple Used For Level Three Valuation | 5.8 | 4.8 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 387 | 72 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 11.50% | ' |
Range Discount Rate For Lack Of Marketability Used For Level Three Valuation | 5.70% | ' |
Range Capitalization Rate Used For Level Three Valuation | 8.50% | 9.20% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Discount Rate Used For Level Three Valuation | 11.50% | ' |
Range Discount Rate For Lack Of Marketability Used For Level Three Valuation | 5.90% | ' |
Range Capitalization Rate Used For Level Three Valuation | 10.60% | 12.80% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Cost and equity method investments [Member] | Income Approach Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Discount Rate Used For Level Three Valuation | 11.50% | ' |
Weighted Average Discount Rate For Lack Of Marketability Used For Level Three Valuation | 5.80% | ' |
Weighted Average Capitalization Rate Used For Level Three Valuation | 10.20% | 12.00% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach Valuation Techniques [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Fair Value Assets Measured On Non Recurring Basis | 622 | 985 |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach Valuation Techniques [Member] | Lower Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Capitalization Rate Used For Level Three Valuation | 5.40% | 4.80% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach Valuation Techniques [Member] | Upper Limit [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Range Capitalization Rate Used For Level Three Valuation | 14.50% | 14.60% |
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Nonrecurring [Member] | Long Lived Assets, Including Real Estate [Member] | Income Approach Valuation Techniques [Member] | Weighted Average [Member] | ' | ' |
Fair Value, Assets Measured on Recurring and Nonrecurring Basis, Valuation Techniques [Line Items] | ' | ' |
Weighted Average Capitalization Rate Used For Level Three Valuation | 8.30% | 7.30% |
Fair_Value_Measurements_Parent
Fair Value Measurements (Parenthetical) (Details) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||||||||||||||||||||||||||||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Jun. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Jun. 30, 2012 | Dec. 31, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Cost and equity method investments [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Cost and equity method investments [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Retained Interest [Member] | Derivatives [Member] | Derivatives [Member] | Derivatives [Member] | Derivatives [Member] | Derivatives [Member] | Derivatives [Member] | Other 1 [Member] | Other 1 [Member] | Other 1 [Member] | Other 1 [Member] | Other 1 [Member] | Other 1 [Member] | Private Equity And Real Estate Funds [Member] | Private Equity And Real Estate Funds [Member] | Private Equity And Real Estate Funds [Member] | Private Equity And Real Estate Funds [Member] | Private Equity And Real Estate Funds [Member] | Real Estate Equity Properties And Investments [Member] | Real Estate Equity Properties And Investments [Member] | Real Estate Equity Properties And Investments [Member] | Real Estate Equity Properties And Investments [Member] | ||||||
Cost and equity method investments [Member] | Cost and equity method investments [Member] | Long Lived Assets, Including Real Estate [Member] | Long Lived Assets, Including Real Estate [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 3 [Member] | |||||||||||||||||||||||||||||||||||||||||
Fair Value Of Securities Transferred Between Level One And Level Two | ' | ' | $2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cumulative gain (loss) adjustment for non performance risk | -6 | ' | -6 | ' | -15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investments, Fair Value Disclosure | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash Accruals Not Included In Schedule Assets Measured For Fair Value On Recurring Basis | 8 | 4 | 8 | 4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value assets measured on non recurring basis | 2,447 | ' | 2,447 | ' | 2,412 | ' | ' | ' | ' | ' | ' | ' | ' | 954 | 313 | 2,126 | 2,182 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 72 | ' | 72 | ' | 84 | ' | ' | ' | ' |
Adjustments To Assets Measured At Fair Value On Non Recurring Basis | ' | ' | ' | ' | ' | -45 | -50 | -276 | -105 | -366 | -451 | -855 | -650 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4 | -1 | -11 | -3 | ' | ' | ' | ' | ' |
Impairment of Long-Lived Assets Held-for-use | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12 | 71 | 226 | 126 |
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value | 2,894 | ' | 2,894 | ' | 3,146 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 78 | 93 | 83 | 29 | 31 | 35 | ' | ' | 171 | 167 | 416 | 358 | 348 | 369 | 718 | 854 | 799 | 781 | 785 | 817 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Individually Insignificant Recurring Fair Value Measurements | 343 | ' | 343 | ' | 370 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Individually Insignificant NonRecurring Fair Value Measurements | $402 | ' | $402 | ' | $285 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Financial_Instruments_Details
Financial Instruments (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Financial Instruments [Line Items] | ' | ' |
Effect of including interest rate and currency derivatives on borrowings and bank deposits | $2,851 | $7,937 |
Reinsurance Recoverables | 1,250 | 2,000 |
Loan Commitments By Notional Amount [Line Items] | ' | ' |
Ordinary course of business lending commitments | 4,781 | 3,708 |
Excluded investment commitments | 1,615 | 1,276 |
Inventory financing arrangements excluded | 14,233 | 12,813 |
Commercial [Member] | ' | ' |
Loan Commitments By Notional Amount [Line Items] | ' | ' |
Unused revolving credit lines | 15,095 | 17,929 |
Commitments Associated with Secured Financing Arrangements | 10,776 | 12,923 |
Maximum Commitments Associated with Secured Financing Arrangements | 13,461 | 15,731 |
Consumer Principally Credit Cards [Member] | ' | ' |
Loan Commitments By Notional Amount [Line Items] | ' | ' |
Unused revolving credit lines | 284,855 | 271,387 |
Loan Commitments By Notional Amount [Member] | Subsidiaries GECC [Member] | ' | ' |
Financial Instruments [Line Items] | ' | ' |
Insurance - credit life | 2,155 | 2,277 |
Carrying amount (net) [Member] | Subsidiaries [Member] | ' | ' |
Financial Instruments [Line Items] | ' | ' |
Investments and notes receivable | 440 | 222 |
Borrowings | -12,595 | -17,469 |
Carrying amount (net) [Member] | Subsidiaries GECC [Member] | ' | ' |
Financial Instruments [Line Items] | ' | ' |
Loans | 224,691 | 236,678 |
Other commercial mortgages | 2,012 | 2,222 |
Loans held for sale | 357 | 1,180 |
Other financial instruments | 1,720 | 1,858 |
Borrowings and bank deposits | -376,060 | -397,300 |
Investment contract benefits | -3,186 | -3,321 |
Guaranteed investment contracts | -1,521 | -1,644 |
Insurance - credit life | -112 | -120 |
Estimate of Fair Value Measurement [Member] | Subsidiaries [Member] | ' | ' |
Financial Instruments [Line Items] | ' | ' |
Investments and notes receivable | 448 | 222 |
Borrowings | -13,123 | -18,619 |
Estimate of Fair Value Measurement [Member] | Subsidiaries GECC [Member] | ' | ' |
Financial Instruments [Line Items] | ' | ' |
Loans | 228,490 | 239,084 |
Other commercial mortgages | 1,956 | 2,249 |
Loans held for sale | 357 | 1,181 |
Other financial instruments | 2,247 | 2,276 |
Borrowings and bank deposits | -388,415 | -414,533 |
Investment contract benefits | -3,745 | -4,150 |
Guaranteed investment contracts | -1,531 | -1,674 |
Insurance - credit life | ($95) | ($104) |
Financial_Instruments_Securiti
Financial Instruments (Securities Repurchase and Reverse Repurchase Arrangements) (Details) (USD $) | 9 Months Ended |
In Billions, unless otherwise specified | Sep. 30, 2013 |
Derivative Instrument Detail [Abstract] | ' |
Securities For Repurchase Agreements | $12 |
Reverse Repurchase Agreements Maturities | 90 |
Securities for Reverse Repurchase Agreements | $20.40 |
Financial_Instruments_Derivati
Financial Instruments (Derivatives and hedging) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative, Notional Amount | $319,000 | ' |
Derivative asset, fair value | 960 | 396 |
Derivative liability, fair value | 885 | 291 |
Cumulative gain (loss) adjustment for non performance risk | -6 | -15 |
Excess Collateralization | 24 | 42 |
Excess Collateral Posted | 11 | 10 |
Excess Securities Collateral Held | 53 | 359 |
Netting Adjustment Including Collateral [Member] | Derivatives [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | -5,875 | -7,926 |
Derivative liabilities | -4,437 | -3,177 |
Recognized In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 8,541 | 13,549 |
Derivative liabilities | 5,322 | 3,468 |
Netting Adjustment [Member] | Amounts Offset In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | -3,819 | -2,801 |
Derivative liabilities | -3,813 | -2,786 |
Cash Collateral [Member] | Amounts Offset In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | -2,056 | -5,125 |
Derivative liabilities | -624 | -391 |
Securities Pledged as Collateral [Member] | Not Offset In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | -1,706 | -5,227 |
Derivative liabilities | 0 | 0 |
Derivatives Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 5,246 | 9,334 |
Derivative liabilities | 3,226 | 2,496 |
Derivatives Not Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 2,096 | 2,532 |
Derivative liabilities | 1,994 | 958 |
Derivatives Associated With Interest Rate, Currency Or Market Risk Reduction Or Elimination [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative, Notional Amount | 275,000 | ' |
Percentage Of Notional Amount That Is Associated With Reducing Or Eliminating Interest Rate, Currency, Or Market Risk | 86.00% | ' |
Gross Derivatives [Member] | Recognized In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 7,342 | 11,866 |
Derivative liabilities | 5,220 | 3,454 |
Gross Accrued Interest [Member] | Recognized In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 1,199 | 1,683 |
Derivative liabilities | 102 | 14 |
Net Derivative [Member] | Recognized In Statement Of Financial Position [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 2,666 | 5,623 |
Derivative liabilities | 885 | 291 |
Interest Rate Contract [Member] | Derivatives Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 4,339 | 8,443 |
Derivative liabilities | 1,630 | 719 |
Interest Rate Contract [Member] | Derivatives Not Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 304 | 452 |
Derivative liabilities | 158 | 195 |
Foreign Exchange Contract [Member] | Derivatives Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 906 | 890 |
Derivative liabilities | 1,593 | 1,777 |
Foreign Exchange Contract [Member] | Derivatives Not Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 1,589 | 1,797 |
Derivative liabilities | 1,792 | 691 |
Other Contract [Member] | Derivatives Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 1 | 1 |
Derivative liabilities | 3 | 0 |
Other Contract [Member] | Derivatives Not Accounted For As Hedges [Member] | ' | ' |
Derivatives, Fair Value [Line Items] | ' | ' |
Derivative assets | 203 | 283 |
Derivative liabilities | $44 | $72 |
Financial_Instruments_Fair_val
Financial Instruments (Fair value hedges) (Details) (Fair Value Hedges [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Fair value hedges | ' | ' | ' | ' |
Hedge ineffectiveness gain (loss) | ($40) | ($113) | ($60) | ($300) |
Hedge amount excluded from assessment of effectiveness | 'insignificant amounts | 'insignificant amounts | 'insignificant amounts | 'insignificant amounts |
Interest Rate Contract [Member] | ' | ' | ' | ' |
Fair value hedges | ' | ' | ' | ' |
Gain (loss) on derivatives | -449 | 441 | -4,295 | 1,226 |
Gain (loss) on hedged items | -410 | 552 | -4,236 | 1,514 |
Foreign Exchange Contract [Member] | ' | ' | ' | ' |
Fair value hedges | ' | ' | ' | ' |
Gain (loss) on derivatives | -4 | 8 | -11 | -103 |
Gain (loss) on hedged items | ($3) | $10 | ($10) | ($91) |
Financial_Instruments_Cash_flo
Financial Instruments (Cash flow hedges) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Cash Flow Hedge [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Gain (loss) recognized in AOCI | $35 | $237 | $351 | $451 |
Gain (loss) reclassified from AOCI into earnings | 25 | 84 | 5 | 86 |
Pre-tax gain (loss) included in AOCI related to cash flow hedges of forecasted transactions | ' | ' | -380 | ' |
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | ' | ' | 272 | ' |
Gain Loss Related To Hedge Forecasted Transactions And Firm Commitments That Did Not Occur By End Of Originally Specified Period | 'insignificant gains and losses | 'insignificant gains and losses | 'insignificant gains and losses | 'insignificant gains and losses |
Maximum term of hedged forecasted transactions | ' | ' | '19 | '20 |
Cash Flow Hedge [Member] | Subsidiaries GECC [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Hedge ineffectiveness gain (loss) | -1 | 1 | 0 | 4 |
Cash Flow Hedge [Member] | Interest Rate Contract [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Gain (loss) recognized in AOCI | -24 | -68 | -15 | -147 |
Gain (loss) reclassified from AOCI into earnings | -88 | -118 | -282 | -384 |
Cash Flow Hedge [Member] | Foreign Exchange Contract [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Gain (loss) recognized in AOCI | 58 | 301 | 372 | 590 |
Gain (loss) reclassified from AOCI into earnings | 114 | 203 | 290 | 473 |
Cash Flow Hedge [Member] | Commodity Contract [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Gain (loss) recognized in AOCI | 1 | 4 | -6 | 8 |
Gain (loss) reclassified from AOCI into earnings | -1 | -1 | -3 | -3 |
Net Investment Hedge [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Hedge ineffectiveness gain (loss) | -161 | -183 | -514 | -663 |
Net Investment Hedge [Member] | Foreign Exchange Contract [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Gain (loss) recognized in AOCI | 645 | -2,939 | 3,162 | -2,588 |
Gain (loss) reclassified from AOCI into earnings | -169 | 39 | -278 | 27 |
Fair Value Hedges [Member] | ' | ' | ' | ' |
Summary Of Cash Flow Hedge Activity [Line Items] | ' | ' | ' | ' |
Hedge ineffectiveness gain (loss) | ($40) | ($113) | ($60) | ($300) |
Financial_Instruments_Net_inve
Financial Instruments (Net investment hedges in foreign operations) (Details) (Net Investment Hedge [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net investment hedges in foreign operation | ' | ' | ' | ' |
Hedge ineffectiveness gain (loss) | ($161) | ($183) | ($514) | ($663) |
Foreign Exchange Contract [Member] | ' | ' | ' | ' |
Net investment hedges in foreign operation | ' | ' | ' | ' |
Gain (loss) recognized in AOCI | 645 | -2,939 | 3,162 | -2,588 |
Gain (loss) reclassified from AOCI into earnings | ($169) | $39 | ($278) | $27 |
Financial_Instruments_Freestan
Financial Instruments (Free-standing derivatives) (Details) (Free Standing Derivatives [Member], USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Free standing derivatives | ' | ' |
Gain (loss) on derivatives | ($960) | ($528) |
Interest Rate Contract [Member] | ' | ' |
Free standing derivatives | ' | ' |
Gain (loss) on derivatives | -90 | -217 |
Foreign Exchange Contract [Member] | ' | ' |
Free standing derivatives | ' | ' |
Gain (loss) on derivatives | -1,011 | -472 |
Other Contract [Member] | ' | ' |
Free standing derivatives | ' | ' |
Gain (loss) on derivatives | $141 | $161 |
Financial_Instruments_Counterp
Financial Instruments (Counterparty credit risk) (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Counterparty credit risk | ' |
Total Collateral | $3,762 |
Fair value of collateral posted to counterparties for derivative obligations | 624 |
Exposure To Counterparties Including Interest Net Collateral Excluding Derivatives | 895 |
Derivative Liability After Collateral And Outstanding Interest Payments Excluding Embedded Derivatives | 851 |
Cash [Member] | ' |
Counterparty credit risk | ' |
Total Collateral | 2,056 |
Securities Held By Third Parties [Member] | ' |
Counterparty credit risk | ' |
Securities Held as Collateral, at Fair Value | $1,706 |
Supplemental_Information_About2
Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Commercial) (Details) (USD $) | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | $259,375 | ' | $273,936 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 259,375 | ' | 273,936 |
Commercial Portfolio Segment [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Average investment in loans | 4,582 | ' | 5,688 |
Commercial Portfolio Segment [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 129,212 | ' | 137,810 |
Non-impaired financing receivables | 125,086 | ' | 132,741 |
General reserves | 599 | ' | 554 |
Total impaired loans | 4,126 | ' | 5,069 |
Allowance for losses (specific reserves) | 311 | ' | 487 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 1.80% | ' | 1.70% |
Over 90 days past due | 0.80% | ' | 0.90% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 3,404 | ' | 4,166 |
Nonearning financing receivables | 2,328 | ' | 2,890 |
Allowance for losses as a percent of nonaccrual financing receivables | 26.70% | ' | 25.00% |
Allowance for losses as a percent of nonearning financing receivables | 39.10% | ' | 36.00% |
Impaired Loans | ' | ' | ' |
Total impaired loans | 4,126 | ' | 5,069 |
Allowance for losses (specific reserves) | 311 | ' | 487 |
Interest income recognized | 173 | 181 | 253 |
Interest income recognized on a cash basis | 53 | 70 | 92 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 129,212 | ' | 137,810 |
Commercial Portfolio Segment [Member] | Unsecured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 267 | ' | 452 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 267 | ' | 452 |
Commercial Portfolio Segment [Member] | Unsecured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 514 | ' | 583 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 514 | ' | 583 |
Commercial Portfolio Segment [Member] | Unsecured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 398 | ' | 458 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 398 | ' | 458 |
Commercial Portfolio Segment [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 128,033 | ' | 136,317 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 128,033 | ' | 136,317 |
Commercial Portfolio Segment [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 2,970 | ' | 4,115 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 2,970 | ' | 4,115 |
Commercial Portfolio Segment [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 2,267 | ' | 3,303 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 2,267 | ' | 3,303 |
Commercial Portfolio Segment [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 122,796 | ' | 128,899 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 122,796 | ' | 128,899 |
Commercial Portfolio Segment [Member] | Nonaccrual Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Nonaccrual Financing Receivables | ' | ' | ' |
Amount of nonaccrual loans currently paying in accordance with contractual terms | 2,105 | ' | 2,647 |
Commercial Portfolio Segment [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 3,091 | ' | 3,697 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 3,091 | ' | 3,697 |
Unpaid principal balance | 4,390 | ' | 4,920 |
Average investment in loans | 3,429 | ' | 3,694 |
Commercial Portfolio Segment [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 1,035 | ' | 1,372 |
Allowance for losses (specific reserves) | 311 | ' | 487 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 1,035 | ' | 1,372 |
Unpaid principal balance | 1,486 | ' | 1,858 |
Allowance for losses (specific reserves) | 311 | ' | 487 |
Average investment in loans | 1,153 | ' | 1,994 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 4,367 | ' | 4,851 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 0.00% | ' | 0.00% |
Over 90 days past due | 0.00% | ' | 0.00% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 4 | ' | 0 |
Nonearning financing receivables | 4 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 4,367 | ' | 4,851 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 4,240 | ' | 4,725 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 4,240 | ' | 4,725 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 38 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 38 | ' | 0 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 4,202 | ' | 4,725 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 4,202 | ' | 4,725 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 0 | ' | 0 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 0 | ' | 0 |
Unpaid principal balance | 0 | ' | 0 |
Average investment in loans | 0 | ' | 2 |
Commercial Portfolio Segment [Member] | Energy Financial Services Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 4 | ' | 0 |
Allowance for losses (specific reserves) | 1 | ' | 0 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 4 | ' | 0 |
Unpaid principal balance | 4 | ' | 0 |
Allowance for losses (specific reserves) | 1 | ' | 0 |
Average investment in loans | 2 | ' | 7 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 9,642 | ' | 10,915 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 0.00% | ' | 0.00% |
Over 90 days past due | 0.00% | ' | 0.00% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 0 | ' | 3 |
Nonearning financing receivables | 0 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 9,642 | ' | 10,915 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 9,642 | ' | 10,915 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 9,642 | ' | 10,915 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 27 | ' | 11 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 27 | ' | 11 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 111 | ' | 223 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 111 | ' | 223 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 9,504 | ' | 10,681 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 9,504 | ' | 10,681 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 0 | ' | 0 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 0 | ' | 0 |
Unpaid principal balance | 0 | ' | 0 |
Average investment in loans | 0 | ' | 17 |
Commercial Portfolio Segment [Member] | GECAS Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 0 | ' | 3 |
Allowance for losses (specific reserves) | 0 | ' | 0 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 0 | ' | 3 |
Unpaid principal balance | 0 | ' | 3 |
Allowance for losses (specific reserves) | 0 | ' | 0 |
Average investment in loans | 1 | ' | 5 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 393 | ' | 486 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 0.10% | ' | 2.80% |
Over 90 days past due | 0.00% | ' | 2.80% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 11 | ' | 25 |
Nonearning financing receivables | 0 | ' | 13 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 393 | ' | 486 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 393 | ' | 486 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 393 | ' | 486 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 393 | ' | 486 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 393 | ' | 486 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 10 | ' | 17 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 10 | ' | 17 |
Unpaid principal balance | 10 | ' | 28 |
Average investment in loans | 10 | ' | 26 |
Commercial Portfolio Segment [Member] | Other Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 1 | ' | 8 |
Allowance for losses (specific reserves) | 0 | ' | 2 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 1 | ' | 8 |
Unpaid principal balance | 1 | ' | 8 |
Allowance for losses (specific reserves) | 0 | ' | 2 |
Average investment in loans | 5 | ' | 40 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 69,240 | ' | 72,517 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 1.00% | ' | 1.10% |
Over 90 days past due | 0.50% | ' | 0.50% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 1,655 | ' | 1,951 |
Nonearning financing receivables | 1,182 | ' | 1,333 |
Impaired Loans | ' | ' | ' |
Changes In Loans Modified As Troubled Debt Restructurings | 580 | ' | ' |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 69,240 | ' | 72,517 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 69,240 | ' | 72,517 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 69,240 | ' | 72,517 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 1,625 | ' | 2,382 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 1,625 | ' | 2,382 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 1,531 | ' | 1,775 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 1,531 | ' | 1,775 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 66,084 | ' | 68,360 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 66,084 | ' | 68,360 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 1,979 | ' | 2,487 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 1,979 | ' | 2,487 |
Unpaid principal balance | 2,391 | ' | 2,927 |
Average investment in loans | 2,275 | ' | 2,535 |
Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 474 | ' | 557 |
Allowance for losses (specific reserves) | 131 | ' | 178 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 474 | ' | 557 |
Unpaid principal balance | 633 | ' | 681 |
Allowance for losses (specific reserves) | 131 | ' | 178 |
Average investment in loans | 517 | ' | 987 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 35,529 | ' | 37,037 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 4.20% | ' | 3.70% |
Over 90 days past due | 2.00% | ' | 2.10% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 1,269 | ' | 1,740 |
Nonearning financing receivables | 916 | ' | 1,299 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 35,529 | ' | 37,037 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 34,988 | ' | 36,200 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 34,988 | ' | 36,200 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 1,054 | ' | 1,256 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 1,054 | ' | 1,256 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 484 | ' | 1,188 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 484 | ' | 1,188 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 33,450 | ' | 33,756 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 33,450 | ' | 33,756 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 865 | ' | 1,131 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 865 | ' | 1,131 |
Unpaid principal balance | 1,747 | ' | 1,901 |
Average investment in loans | 995 | ' | 1,009 |
Commercial Portfolio Segment [Member] | Europe CLL Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 470 | ' | 643 |
Allowance for losses (specific reserves) | 167 | ' | 278 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 470 | ' | 643 |
Unpaid principal balance | 739 | ' | 978 |
Allowance for losses (specific reserves) | 167 | ' | 278 |
Average investment in loans | 525 | ' | 805 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 9,573 | ' | 11,401 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 0.80% | ' | 0.90% |
Over 90 days past due | 0.50% | ' | 0.60% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 465 | ' | 395 |
Nonearning financing receivables | 226 | ' | 193 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 9,573 | ' | 11,401 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 9,417 | ' | 11,221 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 9,417 | ' | 11,221 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 264 | ' | 372 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 264 | ' | 372 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 103 | ' | 117 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 103 | ' | 117 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 9,050 | ' | 10,732 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 9,050 | ' | 10,732 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 237 | ' | 62 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 237 | ' | 62 |
Unpaid principal balance | 242 | ' | 64 |
Average investment in loans | 149 | ' | 62 |
Commercial Portfolio Segment [Member] | Asia CLL Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 86 | ' | 109 |
Allowance for losses (specific reserves) | 12 | ' | 23 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 86 | ' | 109 |
Unpaid principal balance | 109 | ' | 120 |
Allowance for losses (specific reserves) | 12 | ' | 23 |
Average investment in loans | 88 | ' | 134 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 468 | ' | 603 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 0.00% | ' | 0.10% |
Over 90 days past due | 0.00% | ' | 0.00% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 0 | ' | 52 |
Nonearning financing receivables | 0 | ' | 52 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 468 | ' | 603 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 113 | ' | 253 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 113 | ' | 253 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 94 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 94 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 0 | ' | 0 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 113 | ' | 159 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 113 | ' | 159 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 0 | ' | 0 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 0 | ' | 0 |
Unpaid principal balance | 0 | ' | 0 |
Average investment in loans | 0 | ' | 43 |
Commercial Portfolio Segment [Member] | Other CLL Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 0 | ' | 52 |
Allowance for losses (specific reserves) | 0 | ' | 6 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 0 | ' | 52 |
Unpaid principal balance | 0 | ' | 68 |
Allowance for losses (specific reserves) | 0 | ' | 6 |
Average investment in loans | 15 | ' | 16 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 114,810 | ' | 121,558 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 2.00% | ' | 1.90% |
Over 90 days past due | 1.00% | ' | 1.00% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 3,389 | ' | 4,138 |
Nonearning financing receivables | 2,324 | ' | 2,877 |
Impaired Loans | ' | ' | ' |
Changes In Loans Modified As Troubled Debt Restructurings | 1,153 | ' | ' |
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default | 80 | 157 | ' |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 114,810 | ' | 121,558 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Secured Credit Quality Indicator [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 113,758 | ' | 120,191 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 113,758 | ' | 120,191 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 2,943 | ' | 4,104 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 2,943 | ' | 4,104 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 2,118 | ' | 3,080 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 2,118 | ' | 3,080 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 108,697 | ' | 113,007 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 108,697 | ' | 113,007 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | No Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 3,081 | ' | 3,680 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 3,081 | ' | 3,680 |
Unpaid principal balance | 4,380 | ' | 4,892 |
Average investment in loans | 3,419 | ' | 3,649 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Related Allowance [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Total impaired loans | 1,030 | ' | 1,361 |
Allowance for losses (specific reserves) | 310 | ' | 485 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 1,030 | ' | 1,361 |
Unpaid principal balance | 1,481 | ' | 1,847 |
Allowance for losses (specific reserves) | 310 | ' | 485 |
Average investment in loans | 1,145 | ' | 1,942 |
Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Modifications Classified As TDRs In Last Twelve Months [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 1,808 | 2,736 | ' |
Troubled Debt Restructuring [Member] | Commercial Portfolio Segment [Member] | Americas CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 2,129 | ' | 2,577 |
Troubled Debt Restructuring [Member] | Commercial Portfolio Segment [Member] | CLL Financing Receivables [Member] | Subsidiaries GECC [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | $3,211 | ' | $3,872 |
Supplemental_Information_About3
Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Real Estate) (Details) (Subsidiaries GECC [Member], USD $) | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | $259,375 | ' | $273,936 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 259,375 | ' | 273,936 |
Commercial Real Estate Portfolio Segment [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 18,966 | ' | 20,946 |
Non-impaired financing receivables | 14,769 | ' | 15,253 |
General reserves | 87 | ' | 132 |
Total impaired loans | 4,197 | ' | 5,693 |
Allowance for losses (specific reserves) | 83 | ' | 188 |
Past Due Financing Receivables [Abstract] | ' | ' | ' |
Financing Receivable, Recorded Investment, Equal to Greater than 30 Days Past Due | 1.40% | ' | 2.30% |
Financing Receivable, Recorded Investments, Equal to Greater than 90 Days Past Due | 1.40% | ' | 2.20% |
Nonaccrual Financing Receivables [Abstract] | ' | ' | ' |
Nonaccrual loans | 3,723 | ' | 4,885 |
Nonearning financing receivables | 357 | ' | 444 |
Allowance for losses as a percent of nonaccrual financing receivables | 4.60% | ' | 6.60% |
Allowance for losses as a percent of nonearning financing receivables | 47.60% | ' | 72.10% |
Impaired Loans | ' | ' | ' |
Total impaired loans | 4,197 | ' | 5,693 |
Allowance for losses (specific reserves) | 83 | ' | 188 |
Average investment during the period | 4,968 | ' | 7,525 |
Interest income recognized | 161 | 265 | 329 |
Interest income recognized on a cash basis | 132 | 183 | 237 |
Changes In Loans Modified As Troubled Debt Restructurings | 1,357 | ' | ' |
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default | 282 | 212 | ' |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 18,966 | ' | 20,946 |
Loan To Value Ratio Of Real Estate Loans Paying In Accordance With Contractual Terms | 95.00% | ' | ' |
Commercial Real Estate Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 3,931 | ' | 5,146 |
Commercial Real Estate Portfolio Segment [Member] | Nonaccrual Financing Receivables [Member] | ' | ' | ' |
Nonaccrual Financing Receivables [Abstract] | ' | ' | ' |
Amount of nonaccrual loans currently paying in accordance with contractual terms | 3,454 | ' | 4,461 |
Commercial Real Estate Portfolio Segment [Member] | No Related Allowance [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Total impaired loans | 2,793 | ' | 3,491 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 2,793 | ' | 3,491 |
Unpaid principal balance | 3,149 | ' | 3,712 |
Average investment during the period | 3,169 | ' | 3,773 |
Commercial Real Estate Portfolio Segment [Member] | Related Allowance [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Total impaired loans | 1,404 | ' | 2,202 |
Allowance for losses (specific reserves) | 83 | ' | 188 |
Impaired Loans | ' | ' | ' |
Total impaired loans | 1,404 | ' | 2,202 |
Unpaid principal balance | 1,724 | ' | 2,807 |
Allowance for losses (specific reserves) | 83 | ' | 188 |
Average investment during the period | 1,799 | ' | 3,752 |
Commercial Real Estate Portfolio Segment [Member] | Modifications Classified As TDRs In Last Twelve Months [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 2,089 | 4,606 | ' |
Commercial Real Estate Portfolio Segment [Member] | Debt Real Estate [Member] | Loan To Value Ratio Less Than 80 Percent [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 14,387 | ' | 13,570 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 14,387 | ' | 13,570 |
Commercial Real Estate Portfolio Segment [Member] | Debt Real Estate [Member] | Loan To Value Ratio From 80 To 95 Percent [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 1,221 | ' | 2,572 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 1,221 | ' | 2,572 |
Commercial Real Estate Portfolio Segment [Member] | Debt Real Estate [Member] | Loan To Value Ratio Greater Than 95 Percent [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 2,371 | ' | 3,604 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 2,371 | ' | 3,604 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Credit Tenant [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 198 | ' | 219 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 198 | ' | 219 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Credit Tenant [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 194 | ' | 25 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 194 | ' | 25 |
Commercial Real Estate Portfolio Segment [Member] | Owner Occupied Credit Tenant [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | ' | ' | ' |
Financing Receivables And Allowance For Losses [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | 595 | ' | 956 |
Credit Quality Indicators [Abstract] | ' | ' | ' |
Loans and leases receivable, Gross | $595 | ' | $956 |
Supplemental_Information_About4
Supplemental Information About The Credit Quality Of Financing Receivables And Allowance For Losses On Financing Receivables (Consumer) (Details) (Subsidiaries GECC [Member], USD $) | 9 Months Ended | 12 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | $259,375 | ' | $273,936 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 259,375 | ' | 273,936 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 259,375 | ' | 273,936 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 259,375 | ' | 273,936 |
Consumer Portfolio Segment [Member] | ' | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' | ' |
Number Of Consumer Financing Receivable Customers Across US Including Private Label Credit Card And Sales Financing | 56,000,000 | ' | ' |
Percentage of customers with no metropolitan statistical area | 6.00% | ' | ' |
Percentage Of US Consumer Financing Receivables Related To Credit Cards Loans | 65.00% | ' | ' |
Percentage Of US Consumer Financing Receivables Related To Sales Finance Receivables | 35.00% | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 111,197 | ' | 115,180 |
Non-impaired financing receivables | 108,002 | ' | 111,960 |
General reserves | 3,388 | ' | 2,950 |
Total impaired loans | 3,195 | ' | 3,220 |
Allowance for losses (specific reserves) | 684 | ' | 674 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 6.10% | ' | 6.50% |
Over 90 days past due | 3.10% | ' | 3.40% |
Financing Receivable, Recorded Investment, 90 Days Past Due and Still Accruing | 28 | ' | 24 |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 3,816 | ' | 4,301 |
Nonearning financing receivables | 3,760 | ' | 4,194 |
Allowance for losses as a percent of nonaccrual financing receivables | 106.70% | ' | 84.30% |
Allowance for losses as a percent of nonearning financing receivables | 108.30% | ' | 86.40% |
Impaired Loans | ' | ' | ' |
Total impaired loans | 3,195 | ' | 3,220 |
Allowance for losses (specific reserves) | 684 | ' | 674 |
Average investment in loans | 3,207 | ' | 3,056 |
Interest income recognized | 169 | 127 | 169 |
Interest income recognized on a cash basis | 3 | 5 | 5 |
Changes In Loans Modified As Troubled Debt Restructurings | 1,157 | ' | ' |
Loans Modified As Troubled Debt Restructuring That Have Subsequently Experienced Payment Default | 215 | 188 | ' |
Credit Quality Indicators | ' | ' | ' |
Maximum Percentage Of Private Label Consumer Financing Receivables Located In Any Metropolitan Area | 5.00% | ' | ' |
Loans and leases receivable, Gross | 111,197 | ' | 115,180 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 111,197 | ' | 115,180 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 111,197 | ' | 115,180 |
Consumer Portfolio Segment [Member] | Troubled Debt Restructuring [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 3,037 | ' | 3,053 |
Consumer Portfolio Segment [Member] | Score 614 or Less [Member] | ' | ' | ' |
Installment And Revolving Credit | ' | ' | ' |
Percent of Financing Receivable Accounts With Credit Bureau Equivalent of 614 Or Less | 97.00% | ' | ' |
Consumer Portfolio Segment [Member] | Impaired Loans [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Unpaid principal balance | 3,267 | ' | ' |
Consumer Portfolio Segment [Member] | No Related Allowance [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 99 | ' | ' |
Consumer Portfolio Segment [Member] | Related Allowance [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Unpaid principal balance | 3,140 | ' | ' |
Average investment in loans | 3,112 | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 3,096 | ' | ' |
Consumer Portfolio Segment [Member] | Modifications Classified As TDRs In Last Twelve Months [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 1,577 | 1,699 | ' |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 31,142 | ' | 33,451 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 11.50% | ' | 12.00% |
Over 90 days past due | 7.10% | ' | 7.50% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 2,269 | ' | 2,600 |
Nonearning financing receivables | 2,258 | ' | 2,569 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 31,142 | ' | 33,451 |
Percent Of Non US Mortgages With Loan To Value Ratios Greater Than 90 Percent Covered By Third Party Mortgage Insurance | 30.00% | ' | ' |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 31,142 | ' | 33,451 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 31,142 | ' | 33,451 |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | Loan To Value Ratio Less Than 80 Percent [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 17,401 | ' | 18,613 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 17,401 | ' | 18,613 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 17,401 | ' | 18,613 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 17,401 | ' | 18,613 |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | Loan To Value Ratio From 80 To 90 Percent [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 5,238 | ' | 5,739 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 5,238 | ' | 5,739 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 5,238 | ' | 5,739 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 5,238 | ' | 5,739 |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | Loan To Value Ratio Greater Than 90 Percent [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 8,503 | ' | 9,099 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 8,503 | ' | 9,099 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 8,503 | ' | 9,099 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 8,503 | ' | 9,099 |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | UK [Member] | ' | ' | ' |
Credit Quality Indicators | ' | ' | ' |
Reindexed Loan To Value Ratios Of Non US Mortgages | 79.00% | ' | ' |
Consumer Portfolio Segment [Member] | Non US residential mortgages [Member] | France [Member] | ' | ' | ' |
Credit Quality Indicators | ' | ' | ' |
Reindexed Loan To Value Ratios Of Non US Mortgages | 56.00% | ' | ' |
Consumer Portfolio Segment [Member] | Non US installment and revolving credit [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 17,305 | ' | 18,546 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 3.70% | ' | 3.90% |
Over 90 days past due | 1.10% | ' | 1.10% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 205 | ' | 224 |
Nonearning financing receivables | 205 | ' | 224 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 17,305 | ' | 18,546 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 17,305 | ' | 18,546 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 17,305 | ' | 18,546 |
Consumer Portfolio Segment [Member] | Non US installment and revolving credit [Member] | Score 681 or Higher [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 10,037 | ' | 10,493 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 10,037 | ' | 10,493 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 10,037 | ' | 10,493 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 10,037 | ' | 10,493 |
Consumer Portfolio Segment [Member] | Non US installment and revolving credit [Member] | Score 615 to 680 [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 4,098 | ' | 4,496 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 4,098 | ' | 4,496 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 4,098 | ' | 4,496 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 4,098 | ' | 4,496 |
Consumer Portfolio Segment [Member] | Non US installment and revolving credit [Member] | Score 614 or Less [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 3,170 | ' | 3,557 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 3,170 | ' | 3,557 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 3,170 | ' | 3,557 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 3,170 | ' | 3,557 |
Consumer Portfolio Segment [Member] | US installment and revolving credit [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 51,799 | ' | 50,853 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 4.30% | ' | 4.60% |
Over 90 days past due | 1.90% | ' | 2.00% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 936 | ' | 1,026 |
Nonearning financing receivables | 936 | ' | 1,026 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 51,799 | ' | 50,853 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 51,799 | ' | 50,853 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 51,799 | ' | 50,853 |
Consumer Portfolio Segment [Member] | US installment and revolving credit [Member] | Score 681 or Higher [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 34,187 | ' | 33,204 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 34,187 | ' | 33,204 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 34,187 | ' | 33,204 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 34,187 | ' | 33,204 |
Consumer Portfolio Segment [Member] | US installment and revolving credit [Member] | Score 615 to 680 [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 10,293 | ' | 9,753 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 10,293 | ' | 9,753 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 10,293 | ' | 9,753 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 10,293 | ' | 9,753 |
Consumer Portfolio Segment [Member] | US installment and revolving credit [Member] | Score 614 or Less [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 7,319 | ' | 7,896 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 7,319 | ' | 7,896 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 7,319 | ' | 7,896 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 7,319 | ' | 7,896 |
Consumer Portfolio Segment [Member] | Non US auto [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 3,524 | ' | 4,260 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 3.10% | ' | 3.10% |
Over 90 days past due | 0.40% | ' | 0.50% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 20 | ' | 24 |
Nonearning financing receivables | 20 | ' | 24 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 3,524 | ' | 4,260 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 3,524 | ' | 4,260 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 3,524 | ' | 4,260 |
Consumer Portfolio Segment [Member] | Non US auto [Member] | Score 681 or Higher [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 2,705 | ' | 3,141 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 2,705 | ' | 3,141 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 2,705 | ' | 3,141 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 2,705 | ' | 3,141 |
Consumer Portfolio Segment [Member] | Non US auto [Member] | Score 615 to 680 [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 488 | ' | 666 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 488 | ' | 666 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 488 | ' | 666 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 488 | ' | 666 |
Consumer Portfolio Segment [Member] | Non US auto [Member] | Score 614 or Less [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 331 | ' | 453 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 331 | ' | 453 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 331 | ' | 453 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 331 | ' | 453 |
Consumer Portfolio Segment [Member] | Consumer Other Financing Receivable [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 7,427 | ' | 8,070 |
Past Due Financing Receivables | ' | ' | ' |
Over 30 days past due | 2.70% | ' | 2.80% |
Over 90 days past due | 1.50% | ' | 1.70% |
Nonaccrual Financing Receivables | ' | ' | ' |
Nonaccrual loans | 386 | ' | 427 |
Nonearning financing receivables | 341 | ' | 351 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 7,427 | ' | 8,070 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 7,427 | ' | 8,070 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 7,427 | ' | 8,070 |
Consumer Portfolio Segment [Member] | Consumer Other Financing Receivable [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, High [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 583 | ' | 746 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 583 | ' | 746 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 583 | ' | 746 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 583 | ' | 746 |
Consumer Portfolio Segment [Member] | Consumer Other Financing Receivable [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Medium [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 247 | ' | 451 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 247 | ' | 451 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 247 | ' | 451 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 247 | ' | 451 |
Consumer Portfolio Segment [Member] | Consumer Other Financing Receivable [Member] | Secured Financing Receivables Portfolio [Member] | Risk Level, Low [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Loans and leases receivable, Gross | 6,597 | ' | 6,873 |
Credit Quality Indicators | ' | ' | ' |
Loans and leases receivable, Gross | 6,597 | ' | 6,873 |
Installment And Revolving Credit | ' | ' | ' |
Loans and leases receivable, Gross | 6,597 | ' | 6,873 |
Consumer - Other | ' | ' | ' |
Loans and leases receivable, Gross | 6,597 | ' | 6,873 |
Consumer Portfolio Segment [Member] | Consumer Other Portfolio [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Allowance for losses (specific reserves) | 76 | ' | ' |
Impaired Loans | ' | ' | ' |
Allowance for losses (specific reserves) | 76 | ' | ' |
Consumer Portfolio Segment [Member] | Consumer Other Portfolio [Member] | Related Allowance [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 307 | ' | ' |
Consumer Portfolio Segment [Member] | Remaining Consumer Business [Member] | ' | ' | ' |
Financing Receivables and Allowance for Losses | ' | ' | ' |
Allowance for losses (specific reserves) | 608 | ' | ' |
Impaired Loans | ' | ' | ' |
Allowance for losses (specific reserves) | 608 | ' | ' |
Consumer Portfolio Segment [Member] | Remaining Consumer Business [Member] | Related Allowance [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Financing Receivable, Modifications, Recorded Investment | 2,789 | ' | ' |
Consumer Portfolio Segment [Member] | Non US Consumer [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Changes In Loans Modified As Troubled Debt Restructurings | 719 | ' | ' |
Consumer Portfolio Segment [Member] | Credit Card Loans [Member] | ' | ' | ' |
Impaired Loans | ' | ' | ' |
Changes In Loans Modified As Troubled Debt Restructurings | $438 | ' | ' |
Variable_Interest_Entities_Det
Variable Interest Entities (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets | $661,438 | [1] | ' | $661,438 | [1] | ' | $685,403 | [1] |
Liabilities | 532,393 | [1] | ' | 532,393 | [1] | ' | 556,933 | [1] |
Total revenues of consolidated VIEs | 35,725 | 36,254 | 105,858 | 107,731 | ' | |||
Provision for Loan and Lease Losses | 821 | 1,122 | 3,338 | 2,728 | ' | |||
Interest And Other Financial Charges | 2,462 | 2,972 | 7,700 | 9,521 | ' | |||
Loans and Finance Receivables [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 41,151 | ' | 41,151 | ' | 40,916 | |||
Investment Securities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 4,148 | ' | 4,148 | ' | 4,486 | |||
Assets Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 3,281 | ' | 3,281 | ' | 3,034 | |||
Assets, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 48,580 | ' | 48,580 | ' | 48,436 | |||
Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 654 | ' | 654 | ' | 711 | |||
Nonrecourse Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 28,416 | ' | 28,416 | ' | 29,123 | |||
Liabilities Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 3,422 | ' | 3,422 | ' | 3,036 | |||
Liabilities, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 32,492 | ' | 32,492 | ' | 32,870 | |||
Consolidated Variable Interest Entities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Total revenues of consolidated VIEs | 1,950 | 1,707 | 5,598 | 5,065 | ' | |||
Provision for Loan and Lease Losses | 175 | 414 | 764 | 784 | ' | |||
Interest And Other Financial Charges | 85 | 97 | 270 | 344 | ' | |||
Power Generating Activities Entity [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 774 | ' | 774 | ' | ' | |||
Liabilities VIE | 0 | ' | 0 | ' | ' | |||
Industrial Equipment Joint Venture [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 1,502 | ' | 1,502 | ' | ' | |||
Liabilities VIE | 758 | ' | 758 | ' | ' | |||
Insurance Entities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 1,188 | ' | 1,188 | ' | ' | |||
Liabilities VIE | 571 | ' | 571 | ' | ' | |||
Subsidiaries GECC [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets | 515,049 | [1] | ' | 515,049 | [1] | ' | 533,351 | [1] |
Liabilities | 430,396 | [1] | ' | 430,396 | [1] | ' | 450,754 | [1] |
Total revenues of consolidated VIEs | 10,670 | 11,274 | 33,185 | 33,968 | ' | |||
Provision for Loan and Lease Losses | 821 | 1,122 | 3,338 | 2,728 | ' | |||
Interest And Other Financial Charges | 2,241 | 2,798 | 7,046 | 8,962 | ' | |||
Trinity [Member] | Loans and Finance Receivables [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 0 | ' | 0 | ' | 0 | |||
Trinity [Member] | Investment Securities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 3,095 | ' | 3,095 | ' | 3,435 | |||
Trinity [Member] | Assets Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 120 | ' | 120 | ' | 217 | |||
Trinity [Member] | Assets, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 3,215 | ' | 3,215 | ' | 3,652 | |||
Trinity [Member] | Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 0 | ' | 0 | ' | 0 | |||
Trinity [Member] | Nonrecourse Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 0 | ' | 0 | ' | 0 | |||
Trinity [Member] | Liabilities Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 1,531 | ' | 1,531 | ' | 1,656 | |||
Trinity [Member] | Liabilities, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 1,531 | ' | 1,531 | ' | 1,656 | |||
Trinity [Member] | Subsidiaries GECC [Member] | Consolidated Variable Interest Entities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Intercompany Advances Eliminated In Consolidation | 2,015 | ' | 2,015 | ' | 2,441 | |||
Consolidated Securitization Entities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Commingled cash amounts owed to CSEs | 6,351 | ' | 6,351 | ' | 6,225 | |||
Commingled cash receivable from CSEs | 6,261 | ' | 6,261 | ' | 6,143 | |||
Other 1 [Member] | Loans and Finance Receivables [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 2,023 | ' | 2,023 | ' | 1,952 | |||
Other 1 [Member] | Investment Securities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 1,053 | ' | 1,053 | ' | 1,051 | |||
Other 1 [Member] | Assets Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 2,524 | ' | 2,524 | ' | 2,428 | |||
Other 1 [Member] | Assets, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 5,600 | ' | 5,600 | ' | 5,431 | |||
Other 1 [Member] | Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 654 | ' | 654 | ' | 711 | |||
Other 1 [Member] | Nonrecourse Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 50 | ' | 50 | ' | 54 | |||
Other 1 [Member] | Liabilities Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 1,343 | ' | 1,343 | ' | 1,215 | |||
Other 1 [Member] | Liabilities, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 2,047 | ' | 2,047 | ' | 1,980 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Loans and Finance Receivables [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 23,895 | ' | 23,895 | ' | 24,169 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Investment Securities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 0 | ' | 0 | ' | 0 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Assets Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 22 | ' | 22 | ' | 29 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Assets, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 23,917 | ' | 23,917 | ' | 24,198 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 0 | ' | 0 | ' | 0 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Nonrecourse Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 15,396 | ' | 15,396 | ' | 17,208 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Liabilities Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 227 | ' | 227 | ' | 146 | |||
Credit Card Receivable [Member] | Consolidated Securitization Entities [Member] | Liabilities, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 15,623 | ' | 15,623 | ' | 17,354 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Loans and Finance Receivables [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 12,934 | ' | 12,934 | ' | 12,456 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Investment Securities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 0 | ' | 0 | ' | 0 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Assets Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 615 | ' | 615 | ' | 360 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Assets, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 13,549 | ' | 13,549 | ' | 12,816 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 0 | ' | 0 | ' | 0 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Nonrecourse Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 11,068 | ' | 11,068 | ' | 9,811 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Liabilities Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 300 | ' | 300 | ' | 11 | |||
Equipment [Member] | Consolidated Securitization Entities [Member] | Liabilities, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 11,368 | ' | 11,368 | ' | 9,822 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Loans and Finance Receivables [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 2,299 | ' | 2,299 | ' | 2,339 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Investment Securities [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 0 | ' | 0 | ' | 0 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Assets Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 0 | ' | 0 | ' | 0 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Assets, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Assets VIE | 2,299 | ' | 2,299 | ' | 2,339 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 0 | ' | 0 | ' | 0 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Nonrecourse Borrowings [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 1,902 | ' | 1,902 | ' | 2,050 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Liabilities Other [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | 21 | ' | 21 | ' | 8 | |||
Trade Accounts Receivable [Member] | Consolidated Securitization Entities [Member] | Liabilities, Total [Member] | ' | ' | ' | ' | ' | |||
Assets And Liabilities Of Consolidated VIEs [Line Items] | ' | ' | ' | ' | ' | |||
Liabilities VIE | $1,923 | ' | $1,923 | ' | $2,058 | |||
[1] | (b) Our consolidated assets at September 30, 2013 include total assets of $46,748 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $40,398 million and investment securities of $4,148 million. Our consolidated liabilities at September 30, 2013 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolidated securitization entities (CSEs) of $28,416 million. See Note 18. |
Variable_Interest_Entities_Unc
Variable Interest Entities (Unconsolidated Variable Interest Entities) (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Variable Interest Entity [Line Items] | ' | ' |
Financing receivables | $243,835 | $258,028 |
Long-term Debt and Capital Lease Obligations | 226,872 | 236,084 |
Unconsolidated VIEs [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Real Estate Investments, Net | 2,282 | ' |
Debt Investment Fund | 6,263 | ' |
Factored Receivables | 2,382 | ' |
PTL [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 855 | ' |
Long-term Debt and Capital Lease Obligations | 700 | ' |
Total [Member] | Investment in Unconsolidated VIEs [Member] | ' | ' |
Variable Interest Entity [Line Items] | ' | ' |
Other assets and investment securities | 8,340 | 10,027 |
Financing receivables | 2,736 | 2,654 |
Total investment | 11,076 | 12,681 |
Contractual obligations to fund new investments or guarantees | 2,742 | 2,608 |
Revolving lines of credit | 26 | 41 |
Total | $13,844 | $15,330 |
Intercompany_Transactions_Deta
Intercompany Transactions (Details) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Intercompany Transactions [Line Items] | ' | ' |
Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Investing Activities | ($900) | $209 |
Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Financing Activities | -18 | -150 |
Net Increase Decrease In Parent Customer Receivables Sold To Finance Subsidiary That Have Been Eliminated From Consolidated Cash From Operating Activities | 918 | -59 |
Intercompany borrowings | 146 | 258 |
Eliminations of other reclassifications and eliminations from consolidated cash from operating activities | 603 | -101 |
Eliminations of other reclassifications and eliminations from consolidated cash from investing activities | -655 | -141 |
Net Cash Provided by (Used in) Operating Activities | 17,162 | 20,078 |
Net Cash Provided by (Used in) Investing Activities | 32,022 | 12,535 |
Net Cash Provided by (Used in) Financing Activities | -38,997 | -32,906 |
Consolidation, Eliminations [Member] | ' | ' |
Intercompany Transactions [Line Items] | ' | ' |
Dividend Paid By Finance Subsidiary To Parent | 3,947 | 5,446 |
Net Cash Provided by (Used in) Operating Activities | -2,426 | -5,606 |
Net Cash Provided by (Used in) Investing Activities | -1,555 | 68 |
Net Cash Provided by (Used in) Financing Activities | $4,075 | $5,554 |