EXHIBIT 99(a)
GENERAL ELECTRIC COMPANY
On January 1, 2002, GE stopped amortizing goodwill in accordance with
the provisions of Statement of Financial Accounting Standards ("SFAS") 142,
"GOODWILL AND OTHER INTANGIBLE ASSETS." Simultaneously, to maintain a consistent
basis for its measurement of performance, management revised previously-reported
segment information to correspond to the earnings measurements by which GE
businesses will be evaluated. Accordingly, goodwill amortization is now treated
as a corporate rather than a segment cost. Other changes relate to the GE
pension and other retiree benefit plans, whose effects are now reported at the
corporate level, and allocation to segments of other selected costs previously
reported at the corporate level. Previously reported segment results, including
quarterly results for 2001, have been restated and are presented below.
GECS operating segment results have also been revised to reflect changes,
effective as of January 1, 2002, in GECS internal organization. Asia/Pacific
operations previously managed by region are now managed and reported by the
respective operating business. Also, certain businesses previously in separate
segments are now reviewed directly by GECS chief operating decision maker, and
are therefore designated by GECS as operating segments. Because none of these
operating segments qualifies as a GECS reporting segment, they have been
combined for reporting purposes and will be presented in GECS "All Other"
caption. Previously-reported segment results at GECS, including quarterly
results for 2001, have been restated and are presented below.
INDUSTRY SEGMENTS
RECASTED REVENUES 2001-2000
$ Millions 2001 2000
--------- ---------
GE
Aircraft Engines $ 11,389 $ 10,779
Appliances 5,810 5,887
INDUSTRIAL PRODUCTS AND SYSTEMS
Industrial Systems 4,440 4,469
Lighting 2,550 2,739
Transportation Systems 2,355 2,263
GE Supply 2,302 2,159
--------- ---------
Total Industrial Products and Systems 11,647 11,630
MATERIALS
Plastics 5,252 6,013
Specialty Materials 1,817 2,007
--------- ---------
Total Materials 7,069 8,020
NBC 5,769 6,797
Power Systems 20,211 14,861
TECHNICAL PRODUCTS AND SERVICES
Medical Systems 8,409 7,275
Global eXchange Services 602 640
--------- ---------
Total Technical Products and Services 9,011 7,915
Eliminations (2,900) (2,101)
--------- ---------
Total GE segment revenues 68,006 63,788
Corporate items 445 517
Earnings of GECS (excluding goodwill amortization)
before accounting changes 6,138 5,812
--------- ---------
Total GE revenues 74,589 70,117
GECS segment revenues 58,353 66,177
Eliminations (7,029) (6,441)
--------- ---------
Consolidated Revenues $ 125,913 $ 129,853
========= =========
INDUSTRY SEGMENTS
RECASTING OPERATING PROFIT 2001-2000
$ Millions 2001 2000
--------- ---------
GE
Aircraft Engine $ 2,147 $ 2,000
Appliances 406 439
INDUSTRIAL PRODUCTS AND SYSTEMS
Industrial Systems 527 596
Lighting 242 440
Transportation Systems 400 436
GE Supply 99 80
--------- ---------
Total Industrial Products and Systems 1,268 1,552
MATERIALS
Plastics 1,166 1,518
Specialty Materials 267 347
--------- ---------
Total Materials 1,433 1,865
NBC 1,408 1,609
Power Systems 4,860 2,523
TECHNICAL PRODUCTS AND SERVICES
Medical Systems 1,498 1,321
Global eXchange Services 125 114
--------- ---------
Total Technical Products and Services 1,623 1,435
--------- ---------
Total GE operating profit 13,145 11,423
Earnings of GECS (excluding goodwill amortization)
before accounting changes 6,138 5,812
--------- ---------
Total segment profit 19,283 17,235
Corporate items and eliminations (a) (145) 110
GE interest and other financial charges (817) (811)
GE provision for income taxes (4,193) (3,799)
--------- ---------
Earnings before accounting changes $ 14,128 $ 12,735
Cumulative effect of accounting changes (444) --
--------- ---------
CONSOLIDATED NET EARNINGS $ 13,684 $ 12,735
========= =========
(a) Corporate items and eliminations - previously
reported $ (1,893) $ (1,429)
Pension and retiree benefit plans 2,133 1,959
Corporate cost assessment 657 599
Goodwill amortization (1,042) (1,019)
--------- ---------
Corporate items and eliminations - revised $ (145) $ 110
========= =========
SUMMARY OF OPERATING SEGMENTS
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES 2001 RECAST
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECOND THIRD FOURTH TOTAL
QUARTER QUARTER QUARTER QUARTER YEAR
-------- -------- -------- -------- ---------
(Dollars in millions) 2001 2001 2001 2001 2001
REVENUES
GE
Aircraft Engines $ 2,738 $ 3,055 $ 2,851 $ 2,745 $ 11,389
Appliances 1,315 1,402 1,535 1,558 5,810
Industrial Products and Systems
Industrial Systems 1,124 1,220 1,025 1,071 4,440
Lighting 609 604 598 739 2,550
Transportation Systems 548 572 595 640 2,355
GE Supply 566 586 558 592 2,302
-------- -------- -------- -------- ---------
Total Industrial Products and Systems 2,847 2,982 2,776 3,042 11,647
Materials
Plastics 1,448 1,363 1,255 1,186 5,252
Specialty Materials 486 493 426 412 1,817
-------- -------- -------- -------- ---------
Total Materials 1,934 1,856 1,681 1,598 7,069
NBC 1,351 1,831 1,050 1,537 5,769
Power Systems 4,260 5,142 5,038 5,771 20,211
Technical Products and Services
Medical Systems 1,828 1,960 1,992 2,629 8,409
Global eXchange Services 170 188 114 130 602
-------- -------- -------- -------- ---------
Total Technical Products and Services 1,998 2,148 2,106 2,759 9,011
Eliminations (549) (667) (856) (828) (2,900)
-------- -------- -------- -------- ---------
Total GE segment revenues 15,894 17,749 16,181 18,182 68,006
Corporate items 65 39 254 87 445
Earnings of GECS (excluding goodwill amortization)
before accounting changes 1,540 1,611 1,447 1,540 6,138
-------- -------- -------- -------- ---------
Total GE revenues 17,499 19,399 17,882 19,809 74,589
GECS segment revenues 14,723 14,399 13,298 15,933 58,353
Eliminations <F1> (1,729) (1,821) (1,712) (1,767) (7,029)
-------- -------- -------- -------- ---------
CONSOLIDATED REVENUES $ 30,493 $ 31,977 $ 29,468 $ 33,975 $ 125,913
======== ======== ======== ======== =========
<FN>
<F1> Principally the elimination of GECS net earnings
</FN>
SUMMARY OF OPERATING SEGMENTS
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES 2001 RECAST
- ------------------------------------------------------------------------------------------------------------------------------------
FIRST SECOND THIRD FOURTH TOTAL
QUARTER QUARTER QUARTER QUARTER YEAR
-------- -------- -------- -------- ---------
(Dollars in millions) 2001 2001 2001 2001 2001
SEGMENT PROFIT
GE
Aircraft Engines $ 480 $ 552 $ 560 $ 555 $ 2,147
Appliances 87 93 98 128 406
Industrial Products and Systems
Industrial Systems 133 160 124 110 527
Lighting 59 78 30 75 242
Transportation Systems 50 122 108 120 400
GE Supply 18 22 29 30 99
-------- -------- -------- -------- ---------
Total Industrial Products and Systems 260 382 291 335 1,268
Materials
Plastics 339 334 278 215 1,166
Specialty Materials 81 97 59 30 267
-------- -------- -------- -------- ---------
Total Materials 420 431 337 245 1,433
NBC 298 491 207 412 1,408
Power Systems 857 1,153 1,222 1,628 4,860
Technical Products and Services
Medical Systems 293 356 344 505 1,498
Global eXchange Services 31 67 (2) 29 125
-------- -------- -------- -------- ---------
Total Technical Products and Services 324 423 342 534 1,623
-------- -------- -------- -------- ---------
Total GE operating profit 2,726 3,525 3,057 3,837 13,145
Earnings of GECS (excluding goodwill amortization)
before accounting changes 1,540 1,611 1,447 1,540 6,138
-------- -------- -------- -------- ---------
Total segment profit 4,266 5,136 4,504 5,377 19,283
Corporate items and eliminations <F2> 5 97 (67) (180) (145)
GE interest and other financial charges (255) (115) (244) (203) (817)
GE provision for income taxes (999) (1,221) (912) (1,061) (4,193)
-------- -------- -------- -------- ---------
EARNINGS BEFORE ACCOUNTING CHANGES 3,017 3,897 3,281 3,933 14,128
Cumulative effect of accounting changes (444) -- -- -- (444)
-------- -------- -------- -------- ---------
CONSOLIDATED NET EARNINGS $ 2,573 $ 3,897 $ 3,281 $ 3,933 $ 13,684
======== ======== ======== ======== =========
<FN>
<F2> Corporate items and eliminations - previously reported $ (444) $ (342) $ (490) $ (617) $ (1,893)
Pension and retiree benefit plans 533 533 533 534 2,133
Corporate cost assessment 164 166 166 161 657
Goodwill amortization (248) (260) (276) (258) (1,042)
-------- -------- -------- -------- ---------
Corporate items and eliminations - revised $ 5 $ 97 $ (67) $ (180) $ (145)
======== ======== ======== ======== =========
</FN>
GE CAPITAL SERVICES (GECS)
CONSOLIDATED
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
Consumer Services $ 162,621 $ 156,616
Equipment Management 49,956 43,793
Mid-Market Financing 101,807 72,850
Specialized Financing 44,715 37,660
Specialty Insurance 58,741 52,108
All other 7,644 7,609
--------- ---------
Total assets $ 425,484 $ 370,636
========= =========
REVENUES
Consumer Services $ 22,705 $ 22,993
Equipment Management 8,272 7,525
Mid-Market Financing 8,695 7,043
Specialized Financing 2,930 4,105
Specialty Insurance 11,064 11,878
All other 4,687 12,633
--------- ---------
Total revenues $ 58,353 $ 66,177
========= =========
NET EARNINGS
Consumer Services $ 2,467 $ 1,930
Equipment Management 1,732 1,142
Mid-Market Financing 1,387 1,102
Specialized Financing 593 1,240
Specialty Insurance 608 994
All other (649) (596)
--------- ---------
Total earnings before accounting changes 6,138 5,812
Cumulative effect of accounting changes (169) --
--------- ---------
Net earnings 5,969 5,812
Amortization of goodwill (552) (620)
--------- ---------
Net earnings - as reported $ 5,417 $ 5,192
========= =========
- --------------------------------------------------------------------------------
CONSUMER SERVICES
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
Global Consumer Finance $ 43,893 $ 36,643
GE Financial Assurance 96,759 92,608
GE Card Services 19,084 20,375
Other Consumer Services 2,885 6,990
--------- ---------
Total assets $ 162,621 $ 156,616
========= =========
REVENUES
Global Consumer Finance $ 5,561 $ 5,430
GE Financial Assurance 12,826 12,888
GE Card Services 3,947 3,891
Other Consumer Services 371 784
--------- ---------
Total revenues $ 22,705 $ 22,993
========= =========
NET EARNINGS (a)
Global Consumer Finance $ 1,039 $ 856
GE Financial Assurance 726 672
GE Card Services 669 520
Other Consumer Services 33 (118)
--------- ---------
Net earnings $ 2,467 $ 1,930
========= =========
(a) Charges of $196 million and $107 million in 2001 and 2000, respectively,
were not allocated to this segment and are included in the All Other
operating segment.
- --------------------------------------------------------------------------------
EQUIPMENT MANAGEMENT
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
Aviation Services (GECAS) $ 24,546 $ 17,994
Americom -- 2,268
Other Equipment Management 25,410 23,531
--------- ---------
Total assets $ 49,956 $ 43,793
========= =========
REVENUES
Aviation Services (GECAS) $ 2,173 $ 1,962
Americom 540 594
Other Equipment Management 5,559 4,969
--------- ---------
Total revenues $ 8,272 $ 7,525
========= =========
NET EARNINGS (a)
Aviation Services (GECAS) $ 475 $ 479
Americom 898 197
Other Equipment Management 359 466
--------- ---------
Net earnings $ 1,732 $ 1,142
========= =========
(a) Charges of $135 million and $191 million in 2001 and 2000, respectively,
were not allocated to this segment and are included in the All Other
operating segment.
- --------------------------------------------------------------------------------
MID-MARKET FINANCING
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
Commercial Equipment Financing $ 53,386 $ 39,026
Commercial Finance 25,668 17,200
Vendor Financial Services 20,941 16,624
Other Mid-Market Financing 1,812 --
--------- ---------
Total assets $ 101,807 $ 72,850
========= =========
REVENUES
Commercial Equipment Financing $ 4,535 $ 3,634
Commercial Finance 1,786 1,617
Vendor Financial Services 2,095 1,792
Other Mid-Market Financing 279 --
--------- ---------
Total revenues $ 8,695 $ 7,043
========= =========
NET EARNINGS (a)
Commercial Equipment Financing $ 642 $ 537
Commercial Finance 368 290
Vendor Financial Services 320 274
Other Mid-Market Financing 57 1
--------- ---------
Net earnings $ 1,387 $ 1,102
========= =========
(a) Charges of $52 million in 2001 were not allocated to this segment and are
included in the All Other operating segment.
- --------------------------------------------------------------------------------
SPECIALIZED FINANCING
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
Real Estate $ 23,861 $ 20,758
Structured Finance Group 17,130 12,060
GE Equity 3,573 4,583
Other Specialized Financing 151 259
--------- ---------
Total revenues $ 44,715 $ 37,660
========= =========
REVENUES
Real Estate $ 1,919 $ 1,977
Structured Finance Group 1,093 999
GE Equity (126) 1,079
Other Specialized Financing 44 50
--------- ---------
Total revenues $ 2,930 $ 4,105
========= =========
NET EARNINGS (a)
Real Estate $ 489 $ 374
Structured Finance Group 386 344
GE Equity (270) 525
Other Specialized Financing (12) (3)
--------- ---------
Net earnings $ 593 $ 1,240
========= =========
(a) Charges of $103 million and $49 million in 2001 and 2000, respectively,
were not allocated to this segment and are included in the All Other
operating segment.
- --------------------------------------------------------------------------------
SPECIALTY INSURANCE
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
Mortgage Insurance $ 5,664 $ 5,007
GE Global Insurance Holdings 46,606 39,723
Other Specialty Insurance 6,471 7,378
--------- ---------
Total assets $ 58,741 $ 52,108
========= =========
REVENUES
Mortgage Insurance $ 1,075 $ 973
GE Global Insurance Holdings 9,453 10,223
Other Specialty Insurance 536 682
--------- ---------
Total revenues $ 11,064 $ 11,878
========= =========
NET EARNINGS (a)
Mortgage Insurance $ 407 $ 356
GE Global Insurance Holdings 32 505
Other Specialty Insurance 169 133
--------- ---------
Net earnings $ 608 $ 994
========= =========
(a) Charges of $170 million in 2001 were not allocated to this segment and are
included in the All Other operating segment.
- --------------------------------------------------------------------------------
ALL OTHER
For the years ended December 31 (In millions) 2001 2000
--------- ---------
ASSETS
IT Solutions $ 2,226 $ 3,395
Other 5,418 4,214
--------- ---------
Total assets $ 7,644 $ 7,609
========= =========
REVENUES
IT Solutions $ 4,180 $ 7,072
Other 507 5,561
--------- ---------
Total revenues $ 4,687 $ 12,633
========= =========
NET EARNINGS
IT Solutions $ 47 $ (152)
Other (696) (444)
--------- ---------
Net earnings $ (649) $ (596)
========= =========
- --------------------------------------------------------------------------------
CONSOLIDATED
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
------------- -------------- ------------- --------------
ASSETS
Consumer Services $ 153,966 $ 157,071 $ 160,198 $ 162,621
Equipment Management 45,187 46,790 48,725 49,956
Mid-Market Financing 72,569 78,035 82,814 101,807
Specialized Financing 38,585 36,912 38,151 44,715
Specialty Insurance 53,139 52,293 57,825 58,741
All Other 6,359 5,260 2,881 7,644
--------- --------- --------- ---------
Total assets $ 369,805 $ 376,361 $ 390,594 $ 425,484
========= ========= ========= =========
REVENUES
Consumer Services $ 5,692 $ 5,618 $ 5,494 $ 5,901
Equipment Management 1,845 1,768 1,787 2,872
Mid-Market Financing 1,951 1,920 2,246 2,578
Specialized Financing 835 727 664 704
Specialty Insurance 2,888 2,981 2,102 3,093
All Other 1,512 1,385 1,005 785
--------- --------- --------- ---------
Total revenues $ 14,723 $ 14,399 $ 13,298 $ 15,933
========= ========= ========= =========
NET EARNINGS
Consumer Services $ 648 $ 586 $ 622 $ 611
Equipment Management 306 360 305 761
Mid-Market Financing 292 277 383 435
Specialized Financing 119 161 182 131
Specialty Insurance 270 279 (57) 116
All Other (95) (52) 12 (514)
--------- --------- --------- ---------
Total earnings before accounting changes $ 1,540 $ 1,611 $ 1,447 $ 1,540
Cumulative effect of accounting changes (169) -- -- --
--------- --------- --------- ---------
Net earnings 1,371 1,611 1,447 1,540
--------- --------- --------- ---------
Amortization of goodwill (139) (134) (146) (133)
--------- --------- --------- ---------
Net earnings - as reported $ 1,232 $ 1,477 $ 1,301 $ 1,407
========= ========= ========= =========
- --------------------------------------------------------------------------------
CONSUMER SERVICES
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
- ------------- ------------- -------------- ------------- --------------
ASSETS
Global Consumer Finance $ 36,344 $ 39,518 $ 42,346 $ 43,893
GE Financial Assurance 92,112 93,460 95,506 96,759
GE Card Services 19,587 19,227 18,404 19,084
Other Consumer Services 5,923 4,866 3,942 2,885
--------- --------- --------- ---------
Total assets $ 153,966 $ 157,071 $ 160,198 $ 162,621
========= ========= ========= =========
REVENUES
Global Consumer Finance $ 1,318 $ 1,370 $ 1,376 $ 1,497
GE Financial Assurance 3,100 3,198 3,084 3,444
GE Card Services 1,122 956 967 902
Other Consumer Services 152 94 67 58
--------- --------- --------- ---------
Total revenues $ 5,692 $ 5,618 $ 5,494 $ 5,901
========= ========= ========= =========
NET EARNINGS
Global Consumer Finance $ 297 $ 242 $ 271 $ 229
GE Financial Assurance 159 149 169 249
GE Card Services 177 187 184 121
Other Consumer Services 15 8 (2) 12
--------- --------- --------- ---------
Net earnings $ 648 $ 586 $ 622 $ 611
========= ========= ========= =========
- --------------------------------------------------------------------------------
EQUIPMENT MANAGEMENT
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
- ------------- ------------- -------------- ------------- --------------
ASSETS
Aviation Services (GECAS) $ 18,473 $ 19,633 $ 20,762 $ 24,546
Americom 2,240 2,349 2,384 0
Other Equipment Management 24,474 24,808 25,579 25,410
--------- --------- --------- ---------
Total assets $ 45,187 $ 46,790 $ 48,725 $ 49,956
========= ========= ========= =========
REVENUES
Aviation Services (GECAS) $ 516 $ 589 $ 497 $ 571
Americom 237 118 131 54
Other Equipment Management 1,092 1,061 1,159 2,247
--------- --------- --------- ---------
Total revenues $ 1,845 $ 1,768 $ 1,787 $ 2,872
========= ========= ========= =========
NET EARNINGS
Aviation Services (GECAS) $ 130 $ 155 $ 88 $ 102
Americom 91 34 109 664
Other Equipment Management 85 171 108 (5)
--------- --------- --------- ---------
Net earnings $ 306 $ 360 $ 305 $ 761
========= ========= ========= =========
- --------------------------------------------------------------------------------
MID-MARKET FINANCING
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
- ------------- ------------- -------------- ------------- --------------
ASSETS
Commercial Equipment Financing $ 38,553 $ 42,971 $ 48,027 $ 53,386
Commercial Finance 17,432 16,972 16,590 25,668
Vendor Financial Services 16,584 18,092 18,196 20,941
Other Mid-Market Financing - - 1 1,812
--------- --------- --------- ---------
Total assets $ 72,569 $ 78,035 $ 82,814 $ 101,807
========= ========= ========= =========
REVENUES
Commercial Equipment Financing $ 956 $ 997 $ 1,240 $ 1,342
Commercial Finance 524 436 473 353
Vendor Financial Services 471 487 533 604
Other Mid-Market Financing - - - 279
--------- --------- --------- ---------
Total revenues $ 1,951 $ 1,920 $ 2,246 $ 2,578
========= ========= ========= =========
Net Earnings
Commercial Equipment Financing $ 120 $ 119 $ 186 $ 217
Commercial Finance 113 92 115 48
Vendor Financial Services 57 62 80 121
Other Mid-Market Financing 2 4 2 49
--------- --------- --------- ---------
Net earnings $ 292 $ 277 $ 383 $ 435
========= ========= ========= =========
- --------------------------------------------------------------------------------
SPECIALIZED FINANCING
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
- ------------- ------------- -------------- ------------- --------------
ASSETS
Real Estate $ 21,886 $ 19,985 $ 21,184 $ 23,861
Structured Finance Group 12,165 12,678 13,217 17,130
GE Equity 4,303 4,023 3,592 3,573
Other Specialized Financing 231 226 158 151
--------- --------- --------- ---------
Total assets $ 38,585 $ 36,912 $ 38,151 $ 44,715
========= ========= ========= =========
REVENUES
Real Estate $ 598 $ 461 $ 471 $ 389
Structured Finance Group 312 275 275 231
GE Equity (89) (21) (83) 67
Other Specialized Financing 14 12 1 17
--------- --------- --------- ---------
Total revenues $ 835 $ 727 $ 664 $ 704
========= ========= ========= =========
Net Earnings
Real Estate $ 132 $ 123 $ 170 $ 64
Structured Finance Group 106 106 113 61
GE Equity (117) (64) (98) 9
Other Specialized Financing (2) (4) (3) (3)
--------- --------- --------- ---------
Net earnings $ 119 $ 161 $ 182 $ 131
========= ========= ========= =========
- --------------------------------------------------------------------------------
SPECIALTY INSURANCE
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
- ------------- ------------- -------------- ------------- --------------
ASSETS
Mortgage Insurance $ 5,123 $ 5,321 $ 5,550 $ 5,664
GE Global Insurance Holdings 40,787 40,157 45,888 46,606
Other Specialty Insurance 7,229 6,815 6,387 6,471
--------- --------- --------- ---------
Total assets $ 53,139 $ 52,293 $ 57,825 $ 58,741
========= ========= ========= =========
REVENUES
Mortgage Insurance $ 309 $ 270 $ 247 $ 249
GE Global Insurance Holdings 2,497 2,565 1,684 2,707
Other Specialty Insurance 82 146 171 137
--------- --------- --------- ---------
Total revenues $ 2,888 $ 2,981 $ 2,102 $ 3,093
========= ========= ========= =========
NET EARNINGS
Mortgage Insurance $ 124 $ 93 $ 114 $ 76
GE Global Insurance Holdings 146 140 (229) (25)
Other Specialty Insurance -- 46 58 65
--------- --------- --------- ---------
Net earnings $ 270 $ 279 $ (57) $ 116
========= ========= ========= =========
- --------------------------------------------------------------------------------
ALL OTHER
2001
-------------------------------------------------------------------------
(in millions) FIRST QUARTER SECOND QUARTER THIRD QUARTER FOURTH QUARTER
- ------------- ------------- -------------- ------------- --------------
ASSETS
IT Solutions $ 2,929 $ 2,494 $ 2,325 $ 2,226
Other 3,430 2,766 556 5,418
--------- --------- --------- ---------
Total assets $ 6,359 $ 5,260 $ 2,881 $ 7,644
========= ========= ========= =========
REVENUES
IT Solutions $ 1,221 $ 1,090 $ 905 $ 964
Other 291 295 100 (179)
--------- --------- --------- ---------
Total revenues $ 1,512 $ 1,385 $ 1,005 $ 785
========= ========= ========= =========
NET EARNINGS
IT Solutions $ (3) $ (4) $ (3) $ 57
Other (92) (48) 15 (571)
--------- --------- --------- ---------
Total net earnings $ (95) $ (52) $ 12 $ (514)
========= ========= ========= =========