2011 Q4 Form 8-K Financial Statement

#000004054515000062 Filed on May 08, 2015

View on sec.gov

Income Statement

Concept 2011 Q4
Revenue $11.58B
YoY Change -71.92%
Cost Of Revenue $17.39B
YoY Change -14.69%
Gross Profit $9.095B
YoY Change -56.37%
Gross Profit Margin 78.56%
Selling, General & Admin $1.058B
YoY Change -21.75%
% of Gross Profit 11.63%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.042B
YoY Change -12.62%
% of Gross Profit 22.45%
Operating Expenses $12.84B
YoY Change -4.52%
Operating Profit -$3.740B
YoY Change -150.51%
Interest Expense -$3.231B
YoY Change -16.38%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $4.520B
YoY Change 27.68%
Income Tax $467.0M
% Of Pretax Income 10.33%
Net Earnings $3.730B
YoY Change -17.75%
Net Earnings / Revenue 32.22%
Basic Earnings Per Share $0.35
Diluted Earnings Per Share $0.35
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2011 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.50B
YoY Change 7.04%
Cash & Equivalents $84.50B
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $13.79B
Prepaid Expenses
Receivables $20.48B
Other Receivables $287.5B
Total Short-Term Assets $406.3B
YoY Change -3.2%
LONG-TERM ASSETS
Property, Plant & Equipment $65.74B
YoY Change -0.71%
Goodwill $72.30B
YoY Change 12.28%
Intangibles $12.07B
YoY Change 21.03%
Long-Term Investments $47.37B
YoY Change 7.82%
Other Assets $114.1B
YoY Change -20.53%
Total Long-Term Assets $311.8B
YoY Change -5.19%
TOTAL ASSETS
Total Short-Term Assets $406.3B
Total Long-Term Assets $311.8B
Total Assets $718.0B
YoY Change -4.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.40B
YoY Change 11.9%
Accrued Expenses $14.80B
YoY Change 29.84%
Deferred Revenue
YoY Change
Short-Term Debt $137.6B
YoY Change 16.66%
Long-Term Debt Due $137.6B
YoY Change 16.66%
Total Short-Term Liabilities $282.4B
YoY Change 16.89%
LONG-TERM LIABILITIES
Long-Term Debt $315.8B
YoY Change -12.42%
Other Long-Term Liabilities $1.974B
YoY Change -89.41%
Total Long-Term Liabilities $317.8B
YoY Change -16.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $282.4B
Total Long-Term Liabilities $317.8B
Total Liabilities $600.1B
YoY Change -3.77%
SHAREHOLDERS EQUITY
Retained Earnings $137.8B
YoY Change 5.07%
Common Stock $702.0M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) -$31.77B
YoY Change -199.47%
Treasury Stock Shares 1.121B shares
Shareholders Equity $116.4B
YoY Change
Total Liabilities & Shareholders Equity $718.2B
YoY Change -3.96%

Cashflow Statement

Concept 2011 Q4
OPERATING ACTIVITIES
Net Income $3.730B
YoY Change -17.75%
Depreciation, Depletion And Amortization $2.042B
YoY Change -12.62%
Cash From Operating Activities $9.136B
YoY Change -5.32%
INVESTING ACTIVITIES
Capital Expenditures -$3.586B
YoY Change -33.72%
Acquisitions
YoY Change
Other Investing Activities $1.051B
YoY Change -68.19%
Cash From Investing Activities -$2.535B
YoY Change 20.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.58B
YoY Change 47.29%
NET CHANGE
Cash From Operating Activities 9.136B
Cash From Investing Activities -2.535B
Cash From Financing Activities -11.58B
Net Change In Cash -4.976B
YoY Change 1469.72%
FREE CASH FLOW
Cash From Operating Activities $9.136B
Capital Expenditures -$3.586B
Free Cash Flow $12.72B
YoY Change -15.52%

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CY2014 ge Partial Sales Of Business Intereststextblock
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;margin-left:0pt;color:#005CB9;' >Partial Sales of Business Interests</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Gains or losses on sales of affiliate shares where we retain a controlling financial interes</font><font style='font-family:Arial;font-size:9pt;' >t are recorded in equity. Gains or losses on sales that result in our loss of a controlling financial interest are recorded in earnings along with </font><font style='font-family:Arial;font-size:9pt;' >remeasurement</font><font style='font-family:Arial;font-size:9pt;' > gains or losses on any investments in the entity that we retained.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
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CY2014Q4 ge Maximum Percentage Of Total Assets That Can Be Real Estate Investments
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;margin-left:0pt;color:#005CB9;' >GECC Investment Contracts, Insurance Liabilities and Insurance Annuity Benefits</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Certain entities that we consolidate provide guaranteed i</font><font style='font-family:Arial;font-size:9pt;' >nvestment contracts, primarily to states, municipalities and municipal authorities.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Our insurance activities include providing insurance and reinsurance for life and health risks and providing certain annuity products. Two primary product groups are provi</font><font style='font-family:Arial;font-size:9pt;' >ded: traditional insurance contracts and investment contracts. Insurance contracts are contracts with significant mortality and/or morbidity risks, while investment contracts are contracts without such risks.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >For short-duration insurance contracts, includ</font><font style='font-family:Arial;font-size:9pt;' >ing accident and health insurance, we report premiums as earned income over the terms of the related agreements, generally on a pro-rata basis. For traditional long-duration insurance contracts including long-term care, term, whole life and annuities payab</font><font style='font-family:Arial;font-size:9pt;' >le for the life of the annuitant, we report premiums as earned income when due.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Premiums received on investment contracts (including annuities without significant mortality risk) are not reported as revenues but rather as deposit liabilities. We recognize</font><font style='font-family:Arial;font-size:9pt;' > revenues for charges and assessments on these contracts, mostly for mortality, contract initiation, administration and surrender. Amounts credited to policyholder accounts are charged to expense.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Liabilities for traditional long-duration insurance contra</font><font style='font-family:Arial;font-size:9pt;' >cts represent the present value of such benefits less the present value of future net premiums based on mortality, morbidity, interest and other assumptions at the time the policies were issued or acquired. Liabilities for investment contracts equal the ac</font><font style='font-family:Arial;font-size:9pt;' >count value, that is, the amount that accrues to the benefit of the contract or policyholder including credited interest and assessments through the financial statement date. For guaranteed investment contracts, the liability is also adjusted as a result o</font><font style='font-family:Arial;font-size:9pt;' >f fair value hedging activity.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Liabilities for unpaid claims and estimated claim settlement expenses represent our best estimate of the ultimate obligations for reported and incurred-but-not-reported claims and the related estimated claim settlement expen</font><font style='font-family:Arial;font-size:9pt;' >ses. Liabilities for unpaid claims and estimated claim settlement expenses are continually reviewed and adjusted through current operations.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ></p></div>
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CY2014 ge Weighted Average Number Of Employee Compensation Related Basic Shares Including Stock Options And Warrants
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CY2014 ge Minimum Pension Assets Or Obligations
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50000000 USD
CY2014 us-gaap Financing Receivable Allowance For Credit Losses Policy For Uncollectible Amounts
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;margin-left:0pt;color:#005CB9;' >Losses on Financing Receivables</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Losses on financing receivables are recognized when they are incur</font><font style='font-family:Arial;font-size:9pt;' >red, which requires us to make our best estimate of probable losses inherent in the portfolio. The method for calculating the best estimate of losses depends on the size, type and risk characteristics of the related financing receivable. Such an estimate r</font><font style='font-family:Arial;font-size:9pt;' >equires consideration of historical loss experience, adjusted for current conditions, and judgments about the probable effects of relevant observable data, including present economic conditions such as delinquency rates, financial health of specific custom</font><font style='font-family:Arial;font-size:9pt;' >ers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. The underlying assumptions, estimates and assessments we use to provide for losses are updated periodic</font><font style='font-family:Arial;font-size:9pt;' >ally to reflect our view of current conditions and are subject to the regulatory examination process, which can result in changes to our assumptions. Changes in such estimates can significantly affect the allowance and provision for losses. It is possible </font><font style='font-family:Arial;font-size:9pt;' >that we will experience credit losses that are different from our current estimates. Write-offs are deducted from the allowance for losses when we judge the principal to be uncollectible and subsequent recoveries are added to the allowance at the time cash</font><font style='font-family:Arial;font-size:9pt;' > is received on a written-off account. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >&quot;Impaired&quot; loans are defined as larger-balance or restructured loans for which it is probable that the lender will be unable to collect all amounts due according to the original contractual terms of the loan agreeme</font><font style='font-family:Arial;font-size:9pt;' >nt. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >The vast majority of our Consumer and a portion of our Commercial Lending and Leasing (CLL) nonaccrual receivables are excluded from this definition, as they represent smaller-balance homogeneous loans that we evaluate collectively by portfolio for i</font><font style='font-family:Arial;font-size:9pt;' >mpairment. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Impaired loans include nonaccrual receivables on larger-balance or restructured loans, loans that are currently paying interest under the cash basis and loans paying currently that had been previously restructured.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Specific reserves are recor</font><font style='font-family:Arial;font-size:9pt;' >ded for individually impaired loans to the extent we have determined that it is probable that we will be unable to collect all amounts due according to original contractual terms of the loan agreement. Certain loans classified as impaired may not require a</font><font style='font-family:Arial;font-size:9pt;' > reserve because we believe that we will ultimately collect the unpaid balance (through collection or collateral repossession). </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >&#8220;Troubled debt restructurings&#8221; (TDRs) are those loans for which we have granted a concession to a borrower experiencing </font><font style='font-family:Arial;font-size:9pt;' >financial difficulties where we do not receive adequate compensation. Such loans are classified as impaired, and are individually reviewed for specific reserves.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >&#8220;Nonaccrual financing receivables&#8221; are those on which we have stopped accruing interest. We s</font><font style='font-family:Arial;font-size:9pt;' >top accruing interest at the earlier of the time at which collection of an account becomes doubtful or the account becomes 90 days past due, with the exception of consumer credit card accounts, for which we continue to accrue interest until the accounts ar</font><font style='font-family:Arial;font-size:9pt;' >e written off in the period that the account becomes 180 days past due. Although we stop accruing interest in advance of payments, we recognize interest income as cash is collected when appropriate provided the amount does not exceed that which would have </font><font style='font-family:Arial;font-size:9pt;' >been earned at the historical effective interest rate. Recently restructured financing receivables are not considered delinquent when payments are brought current according to the restructured terms, but may remain classified as nonaccrual until there has </font><font style='font-family:Arial;font-size:9pt;' >been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >&#8220;Delinquent&#8221; receivables are those that are 30 days or more past due based on their contractual terms.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >The same financing receivab</font><font style='font-family:Arial;font-size:9pt;' >le may meet more than one of the definitions above. Accordingly, these categories are not mutually exclusive and it is possible for a particular loan to meet the defin</font><font style='font-family:Arial;font-size:9pt;' >itions of a TDR, impaired loan and </font><font style='font-family:Arial;font-size:9pt;' >nonaccrual loan and be included in each of these categ</font><font style='font-family:Arial;font-size:9pt;' >ories. The categorization of a particular loan also may not be indicative of the potential for loss.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Our consumer loan portfolio consists of smaller-balance, homogeneous loans, including credit card receivables, installment loans, auto loans and leases an</font><font style='font-family:Arial;font-size:9pt;' >d residential mortgages.</font><font style='font-family:Arial;font-size:9pt;' > </font><font style='font-family:Arial;font-size:9pt;' >We collectively evaluate each portfolio for impairment quarterly. The allowance for losses on these receivables is established through a process that estimates the probable losses inherent in the portfolio based upon statistical an</font><font style='font-family:Arial;font-size:9pt;' >alyses of portfolio data. These analyses include migration analysis, in which historical delinquency and credit loss experience is applied to the current aging of the portfolio, together with other analyses that reflect current trends and conditions. We al</font><font style='font-family:Arial;font-size:9pt;' >so consider our historical loss experience to date based on actual defaulted loans and overall portfolio</font><font style='font-family:Arial;font-size:9pt;' > indicators including nonaccrual</font><font style='font-family:Arial;font-size:9pt;' > loans, trends in loan volume and lending terms, credit policies and other observable environmental factors such as unem</font><font style='font-family:Arial;font-size:9pt;' >ployment rates and home price indices. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Our commercial loan and lease portfolio consists of a variety of loans and leases, including both larger-balance, non-homogeneous loans and leases and smaller-balance homogeneous loans and leases. Losses on such loa</font><font style='font-family:Arial;font-size:9pt;' >ns and leases are recorded when probable and estimable. We routinely evaluate our entire portfolio for potential specific credit or collection issues that might indicate an impairment. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >For larger-balance, non-homogeneous loans and leases, we consider the</font><font style='font-family:Arial;font-size:9pt;' > financial status, payment history, collateral value, industry conditions and guarantor support related to specific customers. Any delinquencies or bankruptcies are indications of potential impairment requiring further assessment of collectability. We rout</font><font style='font-family:Arial;font-size:9pt;' >inely receive financial as well as rating agency reports on our customers, and we elevate for further attention those customers whose operations we judge to be marginal or deteriorating. We also elevate customers for further attention when we observe a dec</font><font style='font-family:Arial;font-size:9pt;' >line in collateral values for asset-based loans. While collateral values are not always available, when we observe such a decline, we evaluate relevant markets to assess recovery alternatives. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Measurement of the loss on our impaired commercial loans is b</font><font style='font-family:Arial;font-size:9pt;' >ased on the present value of expected future cash flows discounted at the loan&#8217;s effective interest rate or the fair value of collateral, net of expected selling costs, if the loan is determined to be collateral dependent. We determine whether a loan is co</font><font style='font-family:Arial;font-size:9pt;' >llateral dependent if the repayment of the loan is expected to be provided solely by the underlying collateral. Our review process can often result in reserves being established in advance of a modification of terms or designation as a TDR. After providing</font><font style='font-family:Arial;font-size:9pt;' > for specific incurred losses, we then determine an allowance for losses that have been incurred in the balance of the portfolio but cannot yet be identified to a specific loan or lease. This estimate is based upon various statistical analyses considering </font><font style='font-family:Arial;font-size:9pt;' >historical and projected default rates and loss severity and aging, as well as our view on current market and economic conditions. It is prepared by ea</font><font style='font-family:Arial;font-size:9pt;' >ch respective line of business.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Experience is not available for new products; therefore, while we are de</font><font style='font-family:Arial;font-size:9pt;' >veloping that experience, we set loss allowances based on our experience with the most closely analogous products in our portfolio. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Our loss mitigation strategy intends to minimize economic loss and, at times, can result in rate reductions, principal for</font><font style='font-family:Arial;font-size:9pt;' >giveness, extensions, forbearance or other actions, which may cause the related loan to be classified as a TDR. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We utilize certain loan modification programs for borrowers experiencing temporary financial difficulties in our Consumer loan portfolio. Thes</font><font style='font-family:Arial;font-size:9pt;' >e loan modification programs are primarily concentrated in our non-U.S. residential mortgage and non-U.S. installment and revolving portfolios and include short-term (three months or less) interest rate reductions and payment deferrals, which were not part</font><font style='font-family:Arial;font-size:9pt;' > of the terms of the original contract. We sold our U.S. residential mortgage business in 2007 and, as such, do not participate in the U.S. government-sponsored mortgage modification programs. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Our allowance for losses on financing receivables on these mo</font><font style='font-family:Arial;font-size:9pt;' >dified consumer loans is determined based upon a formulaic approach that estimates the probable losses inherent in the portfolio based upon statistical analyses of the portfolio. Data related to </font><font style='font-family:Arial;font-size:9pt;' >redefault</font><font style='font-family:Arial;font-size:9pt;' > experience is also considered in our overall reserv</font><font style='font-family:Arial;font-size:9pt;' >e adequacy review. Once the loan has been modified, it returns to current status (re-aged) only after receipt of at least three consecutive minimum monthly payments or the equivalent cumulative amount, subject to a re-aging limitation of once a year, or tw</font><font style='font-family:Arial;font-size:9pt;' >ice in a five-year period in accordance with the Federal Financial Institutions Examination Council guidelines on Uniform Retail Credit Classification and Account Management policy issued in June 2000. We believe that the allowance for losses would not be </font><font style='font-family:Arial;font-size:9pt;' >materially different had we not re-aged these accounts.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >For commercial loans, we evaluate changes in terms and conditions to determine whether those changes meet the criteria for classification as a TDR on a loan-by-loan basis. In CLL, these changes prima</font><font style='font-family:Arial;font-size:9pt;' >rily include: changes to covenants, short-term payment deferrals and maturity extensions. For these changes, we receive economic consideration, including additional fees and/or increased interest rates, and evaluate them under our normal underwriting stand</font><font style='font-family:Arial;font-size:9pt;' >ards and criteria. The determination of whether these changes to the terms and conditions of our commercial loans meet the TDR criteria includes our consideration of all of the relevant facts and circumstances. When the borrower is experiencing financial d</font><font style='font-family:Arial;font-size:9pt;' >ifficulty, we carefully evaluate these changes to determine whether they meet the form of a concession. In these circumstances, if the change is deemed to be a concession, we classify the loan as a TDR.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >When we repossess collateral in satisfaction of a lo</font><font style='font-family:Arial;font-size:9pt;' >an, we write down the receivable against the allowance for losses. Repossessed collateral is included in the caption &#8220;All other assets&#8221; in the Statement of Financial Position and carried at the lower of cost or estimated fair value less costs to sell.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >For</font><font style='font-family:Arial;font-size:9pt;' > Consumer loans, we write off unsecured closed-end installment loans when they are 120 days contractually past due and unsecured open-ended revolving loans at 180 days contractually past due. We write down consumer loans secured by collateral other than re</font><font style='font-family:Arial;font-size:9pt;' >sidential real estate when such loans are 120 days past due. 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 da</font><font style='font-family:Arial;font-size:9pt;' >ys past due. Unsecured consumer loans in bankruptcy are written off within 60 days of notification of filing by the bankruptcy court or within contractual write-off periods, whichever occurs earlier.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Write-offs on larger-balance impaired commercial loans </font><font style='font-family:Arial;font-size:9pt;' >are based on amounts deemed uncollectible and are reviewed quarterly. Write-offs are determined based on the consideration of many factors, such as expectations of the workout plan or restructuring of the loan, valuation of the collateral and the prioritiz</font><font style='font-family:Arial;font-size:9pt;' >ation of our claim in bankruptcy. Write-offs are recognized against the allowance for losses at the earlier of transaction confirmation (for example, discounted pay-off, restructuring, foreclosure, etc.) or not later than 360 days after initial recognition</font><font style='font-family:Arial;font-size:9pt;' > of a specific reserve for a collateral dependent loan. If foreclosure is probable, the write-off is determined based on the fair value of the collateral less costs to sell. Smaller-balance, homogeneous commercial loans are written off at the earlier of wh</font><font style='font-family:Arial;font-size:9pt;' >en deemed uncollectible or at 180 days past due. </font></p><p style='text-align:left;line-height:12pt;' ></p></div>
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7441000000 USD
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
15793000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
155333000000 USD
CY2014Q4 ge Investment Contracts Insurance Liabilities And Insurance Annuity Benefits
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27578000000 USD
CY2014Q4 us-gaap Premiums And Other Receivables Net
PremiumsAndOtherReceivablesNet
8690000000 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1213000000 USD
CY2012 ge Noncontrolling Interest Portion Of Accumulated Other Comprehensive Income And Other
NoncontrollingInterestPortionOfAccumulatedOtherComprehensiveIncomeAndOther
-270000000 USD
CY2012 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
420000000 USD
CY2008Q4 us-gaap Auction Market Preferred Securities Stock Series Liquidation Value
AuctionMarketPreferredSecuritiesStockSeriesLiquidationValue
3000000000 USD
CY2013Q4 ge Percentfinancingreceivablerecordedinvestmentpastdueover90days
Percentfinancingreceivablerecordedinvestmentpastdueover90days
0.019 pure
CY2013 us-gaap Research And Development Arrangement With Federal Government Customer Funding To Offset Costs Incurred
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
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CY2014 ge Financialservicesrevenuespolicytextblock
Financialservicesrevenuespolicytextblock
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;margin-left:0pt;color:#005CB9;' >GECC Revenues from Services (Earned Income)</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We use the interest method to recognize income on loans. Interest on loans includes origination, commitment and other non-refundable fees related to funding (recorded in earned </font><font style='font-family:Arial;font-size:9pt;' >income on the interest method). We stop accruing interest at the earlier of the time at which collection of an account becomes doubtful or the account becomes 90 days past due, with the exception of consumer credit card accounts. Beginning in the fourth qu</font><font style='font-family:Arial;font-size:9pt;' >arter of </font><font style='font-family:Arial;font-size:9pt;' >2013</font><font style='font-family:Arial;font-size:9pt;' >, we continue to accrue interest on consumer credit cards until the accounts are written off in the period the account becomes 180 days past due. Previously, we stopped accruing interest on consumer credit cards when the account became 90 days</font><font style='font-family:Arial;font-size:9pt;' > past due. Previously </font><font style='font-family:Arial;font-size:9pt;' >recognized interest income that was accrued but not collected from the borrower is reversed, unless the terms of the loan agreement permit capitalization of accrued interest to the principal balance.</font><font style='font-family:Arial;font-size:9pt;font-weight:bold;' > </font><font style='font-family:Arial;font-size:9pt;' >Although we stop accruing interest</font><font style='font-family:Arial;font-size:9pt;' > in advance of payments, we recognize interest income as cash is collected when appropriate, provided the amount does not exceed that which would have been earned at the historical effective interest rate; otherwise, payments received are applied to reduce</font><font style='font-family:Arial;font-size:9pt;' > the principal balance of the loan. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We resume accruing interest on nonaccrual, non-restructured commercial loans only when (a) payments are brought current according to the loan&#8217;s original terms and (b) future payments are reasonably assured. When we agr</font><font style='font-family:Arial;font-size:9pt;' >ee to restructured terms with the borrower, we resume accruing interest only when it is reasonably assured that we will recover full contractual payments, and such loans pass underwriting reviews equivalent to those applied to new loans. We resume accruing</font><font style='font-family:Arial;font-size:9pt;' > interest on nonaccrual consumer loans when the customer&#8217;s account is less than 90 days past due </font><font style='font-family:Arial;font-size:9pt;' >and collection of such amounts is probable</font><font style='font-family:Arial;font-size:9pt;' >.&#160;</font><font style='font-family:Arial;font-size:9pt;' >Interest accruals on modified consumer loans that are not considered to be troubled debt restructurings (TDRs) may </font><font style='font-family:Arial;font-size:9pt;' >return to current status (re-aged) only after receipt of at least three consecutive minimum monthly payments or the equivalent cumulative amount, subject to a re-aging limitation of once a year, or twice in a five-year period.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We recognize financing lease</font><font style='font-family:Arial;font-size:9pt;' > income on the interest method to produce a level yield on funds not yet recovered. Estimated unguaranteed residual values are based upon management&#39;s best estimates of the value of the leased asset at the end of the lease term. We use various sources of d</font><font style='font-family:Arial;font-size:9pt;' >ata in determining this estimate, including information obtained from third parties, which is adjusted for the attributes of the specific asset under lease. Guarantees of residual values by unrelated third parties are considered part of minimum lease payme</font><font style='font-family:Arial;font-size:9pt;' >nts. Significant assumptions we use in estimating residual values include estimated net cash flows over the remaining lease term, anticipated results of future remarketing, and estimated future component part and scrap metal prices, discounted at an approp</font><font style='font-family:Arial;font-size:9pt;' >riate rate.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We recognize operating lease income on a straight-line basis over the terms of underlying leases.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Fees include commitment fees related to loans that we do not expect to fund and line-of-credit fees. We record these fees in earned income on a </font><font style='font-family:Arial;font-size:9pt;' >straight-line basis over the period to which they relate. We record syndication fees in earned income at the time related services are performed, unless significant contingencies exist.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
CY2013 ge Repayments And Other Reductions Maturities Longer Than90 Days
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72991000000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.27
CY2013Q4 us-gaap Deposits
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CY2013Q4 us-gaap Foreclosed Assets
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482000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2014 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.04 pure
CY2012 us-gaap Common Stock Dividends Per Share Declared
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0.7
CY2012 us-gaap Nonoperating Income Expense
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2563000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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5980000000 USD
CY2014Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
130000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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-761000000 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
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227000000 USD
CY2013 us-gaap Other Income
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3108000000 USD
CY2012 us-gaap Adjustments To Additional Paid In Capital Other
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-623000000 USD
CY2014 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10045000000 shares
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
14897000000 USD
CY2008Q4 us-gaap Proceeds From Issuance Of Warrants
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2965000000 USD
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
485000000 USD
CY2013Q4 ge 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
AdjustmentsToReflectPresentValueOfFutureProfitsInRunOffInsuranceOperationsToReflectEffectsThatWouldHaveBeenRecognizedHadRelatedUnrealizedInvestmentSecuritiesHoldingGainsLosesActuallyBeenRealized
322000000 USD
CY2013 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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-120000000 USD
CY2013 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
0 USD
CY2013Q4 ge Accumulated Other Comprehensive Income Loss Net Of Tax Attributable To Noncontrolling Interests
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-180000000 USD
CY2014 ge Newly Issued Debt Maturities Longer Than90 Days
NewlyIssuedDebtMaturitiesLongerThan90Days
36933000000 USD
CY2010 us-gaap Revenues
Revenues
145132000000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Other
EffectiveIncomeTaxRateReconciliationTaxSettlementsOther
0.03 pure
CY2013Q4 ge Increase In Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
IncreaseInStockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000000 USD
CY2014 us-gaap Research And Development Expense
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5273000000 USD
CY2014Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
2317000000 USD
CY2012 ge Earnings From Continuing Operations Attributable To Common Shareowners For Per Share Calculation Diluted
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13797000000 USD
CY2012Q4 us-gaap Common Stock Value
CommonStockValue
702000000 USD
CY2008Q4 ge Preferred Stock Redemption Price
PreferredStockRedemptionPrice
3300000000 USD
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
265000000 USD
CY2014 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
73.6 shares
CY2013Q4 us-gaap Minority Interest
MinorityInterest
6217000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
517182000 shares
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13381000000 USD
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
702000000 USD
CY2014 ge Adjustment To Reclass Unrealized Gains To Offset Deferred Acquisition Costs And Present Value Of Future Profits
AdjustmentToReclassUnrealizedGainsToOffsetDeferredAcquisitionCostsAndPresentValueOfFutureProfits
960000000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
3537000000 USD
CY2014Q4 ge Derivative Fair Value Of Derivative Liability Net Of Master Netting Agreement
DerivativeFairValueOfDerivativeLiabilityNetOfMasterNettingAgreement
564000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-25000000 USD
CY2013Q4 ge Investment Contracts Insurance Liabilities And Insurance Annuity Benefits
InvestmentContractsInsuranceLiabilitiesAndInsuranceAnnuityBenefits
26544000000 USD
CY2014Q4 ge Short Term Modifications
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45000000 USD
CY2014Q4 ge Accrued Progress Collections Price Adjustments
AccruedProgressCollectionsPriceAdjustments
12537000000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
28579000000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.02
CY2012 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
355000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
128159000000 USD
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2013 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
28669000000 USD
CY2014Q4 us-gaap Reinsurance Recoverables
ReinsuranceRecoverables
964000000 USD
CY2012 ge Income Loss From Discontinued Operations Net Of Tax Diluted
IncomeLossFromDiscontinuedOperationsNetOfTaxDiluted
-173000000 USD
CY2013Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
311000000 USD
CY2013 ge Weighted Average Number Of Employee Compensation Related Basic Shares Including Stock Options And Warrants
WeightedAverageNumberOfEmployeeCompensationRelatedBasicSharesIncludingStockOptionsAndWarrants
0 shares
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
23237000000 USD
CY2014 ge Noncontrolling Interest Portion Of Accumulated Other Comprehensive Income And Other
NoncontrollingInterestPortionOfAccumulatedOtherComprehensiveIncomeAndOther
358000000 USD
CY2013Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.16
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
14047000000 USD
CY2014Q4 ge Percentage Of Total Pension Assets Disclosed
PercentageOfTotalPensionAssetsDisclosed
0.99 pure
CY2013 ge Other Product Warranty Liability Changes
OtherProductWarrantyLiabilityChanges
10000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
708000000 USD
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
20.92
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits Other
EffectiveIncomeTaxRateReconciliationTaxCreditsOther
-0.033 pure
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
809000000 USD
CY2013 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
1386000000 USD
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.3
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
327525000 shares
CY2014Q4 us-gaap Net Income Loss
NetIncomeLoss
5152000000 USD
CY2013 ge Cash Accruals Not Included In Schedule Assets Measured For Fair Value On Recurring Basis
CashAccrualsNotIncludedInScheduleAssetsMeasuredForFairValueOnRecurringBasis
5000000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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1013000000 USD
CY2013Q4 us-gaap Dividends Payable Current
DividendsPayableCurrent
2220000000 USD
CY2014Q4 us-gaap Goodwill
Goodwill
76016000000 USD
CY2014 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Reductions Securities Sold
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-304000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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1236000000 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
164000000 USD
CY2014 ge Investment Contracts Insurance Losses And Insurance Annuity Benefits
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2548000000 USD
CY2013 us-gaap Provision For Loan And Lease Losses
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4790000000 USD
CY2013 us-gaap Proceeds From Divestiture Of Businesses
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3324000000 USD
CY2013Q4 us-gaap Treasury Stock Shares
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-1632960000 shares
CY2014 us-gaap Payments For Repurchase Of Common Stock
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-2211000000 USD
CY2012 us-gaap Noncontrolling Interest Decrease From Deconsolidation
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0 USD
CY2014 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10123000000 shares
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-175000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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-34000000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Net
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13976000000 USD
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-11940000000 USD
CY2014 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
673000000 USD
CY2014Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
3971000000 USD
CY2012 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1514000000 USD
CY2012 ge Newly Issued Debt Maturities Longer Than90 Days
NewlyIssuedDebtMaturitiesLongerThan90Days
63820000000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value Including Discontinued Operations
CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations
84622000000 USD
CY2013 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
-503000000 USD
CY2014Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.0104 pure
CY2014 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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4016000000 USD
CY2014 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-872000000 USD
CY2012 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.29
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
6953000000 USD
CY2012Q4 ge Increase In Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
IncreaseInStockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000000 USD
CY2014 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1901000000 USD
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.31
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
166000000 USD
CY2013Q4 ge Accruals For Noncurrent Compensation And Benefits
AccrualsForNoncurrentCompensationAndBenefits
27837000000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-2957000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
4059000000 USD
CY2013 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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-31000000 USD
CY2012 us-gaap Cost Of Services
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17525000000 USD
CY2014Q4 ge Number Of Income Tax Returns Filed Annually
NumberOfIncomeTaxReturnsFiledAnnually
5500 pure
CY2008Q4 ge Number Of Common Stock Shares Warrants Can Purchase
NumberOfCommonStockSharesWarrantsCanPurchase
134831460 shares
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
2932000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5094000000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
12798000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3321000000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-868000000 USD
CY2013Q4 ge Incomelossfromdiscontinuedoperationsnetoftaxbasic
Incomelossfromdiscontinuedoperationsnetoftaxbasic
-394000000 USD
CY2015Q1 ge Businessdispositionchargesondiscontinuingoperationaftertax
Businessdispositionchargesondiscontinuingoperationaftertax
2354000000 USD
CY2013 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3108000000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.031 pure
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
189186000 shares
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
-42593000000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
66246000000 USD
CY2013 us-gaap Dividends
Dividends
8061000000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
292 shares
CY2014Q4 ge Partner Funded Rd
PartnerFundedRd
-319000000 USD
CY2013Q4 ge Partner Funded Rd
PartnerFundedRd
-107000000 USD
CY2012Q4 ge Partner Funded Rd
PartnerFundedRd
-6000000 USD
CY2013Q4 ge Ordinary Course Of Business Lending Commitments
OrdinaryCourseOfBusinessLendingCommitments
4253000000 USD
CY2014Q4 ge Ordinary Course Of Business Lending Commitments
OrdinaryCourseOfBusinessLendingCommitments
3239000000 USD
CY2014 ge Weighted Average Remaining Contractual Term Of Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding
WeightedAverageRemainingContractualTermOfSharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstanding
P06Y04M
CY2014 ge Share Based Compensation Arrangement By Share Based Payment Award Options Currently Exercisable Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCurrentlyExercisableWeightedAverageRemainingContractualTerm
P04Y10M
CY2014 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
118000000 USD
CY2013 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
128000000 USD
CY2012 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
88000000 USD
CY2013Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1370000000 USD
CY2012Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
1429000000 USD
CY2014 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:12pt;margin-left:0pt;color:#005CB9;' >Sales of Goods and Services</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We record all sales of goods and services only when a firm sales agreement is in place, delivery has occurred or services have been rendered and collectability of the fixed or determinable sa</font><font style='font-family:Arial;font-size:9pt;' >les price is reasonably assured.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Arrangements for the sale of goods and services sometimes include multiple components. Most of our multiple component arrangements involve the sale of goods and services in the Healthcare segment. Our arrangements with mul</font><font style='font-family:Arial;font-size:9pt;' >tiple components usually involve an upfront deliverable of large machinery or equipment and future service deliverables such as installation, commissioning, training or the future delivery of ancillary products. In most cases, the relative values of the un</font><font style='font-family:Arial;font-size:9pt;' >delivered components are not significant to the overall arrangement and are typically delivered within three to six months after the core product has been delivered. In such agreements, selling price is determined for each component and any difference betw</font><font style='font-family:Arial;font-size:9pt;' >een the total of the separate selling prices and total contract </font><font style='font-family:Arial;font-size:9pt;' >consideration (i.e., discount) is allocated pro rata across each of the components in the arrangement. The value assigned to each component is objectively determined and obtained primarily fro</font><font style='font-family:Arial;font-size:9pt;' >m sources such as the separate selling price for that or a similar item or from competitor prices for similar items. If such evidence is not available, we use our best estimate of selling price, which is established consistent with the pricing strategy of </font><font style='font-family:Arial;font-size:9pt;' >the business and considers product configuration, geography, customer type, and other market specific factors. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >Except for goods sold under long-term agr</font><font style='font-family:Arial;font-size:9pt;' >eements, we recognize sales of goods under the provisions of U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) 104, </font><font style='font-family:Arial;font-size:9pt;font-style:italic;' >Revenue Recognition</font><font style='font-family:Arial;font-size:9pt;' >. We often sell consumer products and computer hardware and software products with a right of</font><font style='font-family:Arial;font-size:9pt;' > return. We use our accumulated experience to estimate and provide for such returns when we record the sale. In situations where arrangements include customer acceptance provisions based on seller or customer-specified objective criteria, we recognize reve</font><font style='font-family:Arial;font-size:9pt;' >nue when we have reliably demonstrated that all specified acceptance criteria have been met or when formal acceptance occurs, respectively. In arrangements where we provide goods for trial and evaluation purposes, we only recognize revenue after customer a</font><font style='font-family:Arial;font-size:9pt;' >cceptance occurs. Unless otherwise noted, we do not provide for anticipated losses before we record sales.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We recognize revenue on agreements for sales of goods and services under power generation unit and uprate contracts, nuclear fuel assemblies, larger</font><font style='font-family:Arial;font-size:9pt;' > oil drilling equipment projects, </font><font style='font-family:Arial;font-size:9pt;' >aeroderivative</font><font style='font-family:Arial;font-size:9pt;' > unit contracts, military development contracts, locomotive production contracts, and long-term construction projects, using long-term construction and production contract accounting. We estimate total long-t</font><font style='font-family:Arial;font-size:9pt;' >erm contract revenue net of price concessions as well as total contract costs. For goods sold under power generation unit and uprate contracts, nuclear fuel assemblies, </font><font style='font-family:Arial;font-size:9pt;' >aeroderivative</font><font style='font-family:Arial;font-size:9pt;' > unit contracts, military development contracts and locomotive production</font><font style='font-family:Arial;font-size:9pt;' > contracts, we recognize sales as we complete major contract-specified deliverables, most often when customers receive title to the goods or accept the services as performed. For larger oil drilling equipment projects and long-term construction projects, w</font><font style='font-family:Arial;font-size:9pt;' >e recognize sales based on our progress toward contract completion measured by actual costs incurred in relation to our estimate of total expected costs. We measure long-term contract revenues by applying our contract-specific estimated margin rates to inc</font><font style='font-family:Arial;font-size:9pt;' >urred costs. We routinely update our estimates of future costs for agreements in process and report any cumulative effects of such adjustments in current operations. We provide for any loss that we expect to incur on these agreements when that loss is prob</font><font style='font-family:Arial;font-size:9pt;' >able. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We recognize revenue upon delivery for sales of aircraft engines, military propulsion equipment and related spare parts not sold under long-term product services agreements. Delivery of commercial engines, non-U.S. military equipment and all relate</font><font style='font-family:Arial;font-size:9pt;' >d spare parts occurs on shipment; delivery of military propulsion equipment sold to the U.S. government or agencies thereof occurs upon receipt of a Material Inspection and Receiving Report, DD&#160;Form&#160;250 or Memorandum of Shipment. Commercial aircraft engine</font><font style='font-family:Arial;font-size:9pt;' >s are complex equipment manufactured to customer order under a variety of sometimes complex, long-term agreements. We measure sales of commercial aircraft engines by applying our contract-specific estimated margin rates to incurred costs. We routinely upda</font><font style='font-family:Arial;font-size:9pt;' >te our estimates of future revenues and costs for commercial aircraft engine agreements in process and report any cumulative effects of such adjustments in current operations. Significant components of our revenue and cost estimates include price concessio</font><font style='font-family:Arial;font-size:9pt;' >ns and performance-related guarantees as well as material, labor and overhead costs. We measure revenue for military propulsion equipment and spare parts not subject to long-term product services agreements based on the specific contract on a specifically </font><font style='font-family:Arial;font-size:9pt;' >measured output basis. We provide for any loss that we expect to incur on these agreements when that loss is probable; consistent with industry practice, for commercial aircraft engines, we make such provision only if such losses are not recoverable from f</font><font style='font-family:Arial;font-size:9pt;' >uture highly probable sales of spare parts and services for those engines.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:9pt;margin-left:0pt;' >We sell product services under long-term product maintenance or extended warranty agreements in our Aviation, Power &amp; Water, Oil &amp; Gas and Transportation segments, where costs of p</font><font style='font-family:Arial;font-size:9pt;' >erforming services are incurred on other than a straight-line basis. We also sell product services in our Healthcare segment, where such costs generally are expected to be on a straight-line basis. For the Aviation, Power &amp; Water, Oil &amp; Gas and Transportat</font><font style='font-family:Arial;font-size:9pt;' >ion agreements, we recognize related sales based on the extent of our progress toward completion measured by actual costs incurred in relation to total expected costs. We routinely update our estimates of future costs for agreements in process and report a</font><font style='font-family:Arial;font-size:9pt;' >ny cumulative effects of such adjustments in current operations. For the Healthcare agreements, we recognize revenues on a straight-line basis and expense related costs as incurred. We provide for any loss that we expect to incur on any of these agreements</font><font style='font-family:Arial;font-size:9pt;' > when that loss is probable.</font></p><p style='text-align:left;line-height:12pt;' ></p></div>
CY2014Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
44900000000 USD
CY2012Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q2 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
990000000 USD
CY2015Q1 ge Businessdispositionchargesoncontinuingoperationrepatriationofforeignearningsaftertax
Businessdispositionchargesoncontinuingoperationrepatriationofforeignearningsaftertax
5980000000 USD
CY2012 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
3960000000 USD
CY2011 us-gaap Dividends Preferred Stock Stock
DividendsPreferredStockStock
806000000 USD
CY2014Q4 ge Exposure To Counterparties Including Interest Net Collateral Excluding Derivatives
ExposureToCounterpartiesIncludingInterestNetCollateralExcludingDerivatives
487000000 USD
CY2014Q4 ge Collateral Fair Value
CollateralFairValue
6977000000 USD
CY2014Q4 us-gaap Collateral Already Posted Aggregate Fair Value
CollateralAlreadyPostedAggregateFairValue
502000000 USD
CY2013Q4 ge Cash And Equivalents Excluding Assets Held For Sale
CashAndEquivalentsExcludingAssetsHeldForSale
88411000000 USD
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.26 pure
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.29 pure
CY2014 ge Sharebasedcompensationarrangementbysharebasedpaymentawardfairvalueassumptionsexpectedlives
Sharebasedcompensationarrangementbysharebasedpaymentawardfairvalueassumptionsexpectedlives
7.3
CY2013 ge Sharebasedcompensationarrangementbysharebasedpaymentawardfairvalueassumptionsexpectedlives
Sharebasedcompensationarrangementbysharebasedpaymentawardfairvalueassumptionsexpectedlives
7.5
CY2012 ge Sharebasedcompensationarrangementbysharebasedpaymentawardfairvalueassumptionsexpectedlives
Sharebasedcompensationarrangementbysharebasedpaymentawardfairvalueassumptionsexpectedlives
7.8
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
739000000 USD
CY2015Q2 ge Unconditionalguaranteeonprincipalandinterest
Unconditionalguaranteeonprincipalandinterest
210107000000 USD
CY2015Q1 ge Businessdispositionchargesaftertax
Businessdispositionchargesaftertax
16118000000 USD
CY2015Q1 ge Businessdispositionchargesoncontinuingoperationaftertax
Businessdispositionchargesoncontinuingoperationaftertax
13764000000 USD
CY2015Q1 ge Businessdispositionchargesoncontinuingoperationimpairmentinvalueofassetaftertax
Businessdispositionchargesoncontinuingoperationimpairmentinvalueofassetaftertax
4962000000 USD
CY2015Q1 ge Businessdispositionchargesoncontinuingoperationbusinessheldforsaleaftertax
Businessdispositionchargesoncontinuingoperationbusinessheldforsaleaftertax
2822000000 USD
CY2014Q4 ge Derivative Liability After Collateral And Outstanding Interest Payments Excluding Embedded Derivatives
DerivativeLiabilityAfterCollateralAndOutstandingInterestPaymentsExcludingEmbeddedDerivatives
514000000 USD
CY2013Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014 us-gaap Cash Dividends Paid To Parent Company By Consolidated Subsidiaries
CashDividendsPaidToParentCompanyByConsolidatedSubsidiaries
2000000000 USD

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