GE Capital Third quarter 2010 supplement Results are unaudited. This document contains “forward-looking statements”- that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include: current economic and financial conditions, including volatility in interest and exchange rates, commodity and equity prices and the value of financial assets; the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital Corporation's (GECC) funding and on our ability to reduce GECC's asset levels exposure as planned; the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults; changes in Japanese consumer behavior that may affect our estimates of liability for grey zone claims; our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so; the level of demand and financial performance of the major industries we serve, including, without limitation, air transportation, real estate and healthcare; the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation; strategic actions, including acquisitions and dispositions and our success in integrating acquired businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business and competitive nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. This document may also contain non-GAAP financial information. Management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of our financial performance, identifying trends in our results and providing meaningful period-to-period comparisons. Third quarter 2010 supplemental information Table of Contents 1. GE Capital structure Page # 1 2. Financial statements a) GECC 3-4 b) GECS 5-6 c) GECC continuing operations (GE Capital) 7 3. GE Capital asset quality a) Assets by region 9 b) Assets in selected emerging markets 10 c) Portfolio overview and ratios 11-16 d) Consumer allowance for losses on financing receivables e) Consumer financing receivables by region 17 18 f) Consumer mortgage portfolio by country 19 g) Commercial allowance for losses on financing receivables 20 h) Commercial real estate debt and equity overview 21-22 i) Equipment leased to others overview 23 j) Commercial aircraft asset details 24 4. GE Capital other key areas a) Investment securities 26 b) Investments measured at fair value in earnings 27 c) Ending net investment 28 d) GECC ratios 29 5. GECS supplemental information a) Assets by region 31 b) Investment securities 32 c) Funding 33 d) Ratios 34 6. Appendix a) Glossary 36-37 GE Capital structure General Electric Company General Electric Capital Services, Inc. (GECS) General Electric Capital Corporation (GECC) GE Capital - operating segments Consumer - Private label credit cards Bank cards Personal loans Auto loans and leases Mortgages & home equity loans Debt consolidation Deposit & other savings products Small & medium enterprise lending Commercial Lending and Leasing (CLL) - Mid-market loans and leases of equipment and major capital assets - Mid-market equity capital Real Estate - Equity capital for acquisition or recapitalization of commercial real estate - Fixed/floating rate mortgages for commercial real estate Energy Financial Services (EFS) - Structured debt, equity, leasing, partnership financing and project financing to global energy and water industries - Invests in operating assets in these industries GE Capital Aviation Services (GECAS) - Commercial aircraft leasing and financing - Project financing for airport facilities 1 Financial statements 2 GECC - condensed statement of earnings (In millions) Revenues Revenues from services Sales of goods Total revenues September 30, 2010 $ Costs and expenses Interest Operating and administrative Cost of goods sold Investment contracts, insurance losses and insurance annuity benefits Provision for losses on financing receivables Depreciation and amortization Total costs and expenses Earnings (loss) from continuing operations before income taxes Benefit for income taxes Earnings from continuing operations (a) Earnings (loss) from discontinued operations, net of taxes Net earnings Less: net earnings (loss) attributable to noncontrolling interests Net earnings attributable to GECC $ 11,576 40 11,616 June 30, 2010 $ 12,129 168 12,297 Changes in GECC shareowner's equity Balance at beginning of period Accounting changes (b) Dividends and other transactions with shareowner Other comprehensive income (loss) - net Investment securities Currency translation adjustments Cash flow hedges Benefit plans Balance at end of period $ $ 12,456 279 12,735 $ 11,792 213 12,005 3,929 3,677 265 35 2,263 1,924 12,093 4,228 3,948 239 45 2,907 2,128 13,495 4,135 3,673 181 47 2,868 2,068 12,972 527 367 741 76 238 372 (760) 856 (967) 1,116 894 (1,104) 817 (187) 610 (387) 96 (11) 149 84 (210) 23 630 (13) 223 3 85 (40) 233 8 (233) $ 643 69,823 - June 30, 2010 $ 163 1,036 (278) (14) 907 (238) 669 Increases from net earnings attributable to the Company Comprehensive income 12,050 281 12,331 3,863 3,636 154 38 2,009 1,856 11,556 September 30, 2010 $ $ September 30, 2009 3,782 3,509 39 36 1,696 2,027 11,089 GECC - statement of changes in shareowner's equity (In millions) For three months ending March 31, December 31, 2010 2009 70,492 71,650 (6) $ 69,823 $ 125 For three months ending March 31, December 31, 2010 2009 $ 41 (2,618) 63 23 (2,491) 670 (1,821) $ 220 73,718 (1,565) (4) $ 143 (1,312) 413 42 (714) 215 (499) $ 71,650 73,193 (12) $ September 30, 2009 $ 401 (38) 138 (60) 441 96 537 $ 73,718 225 71,720 (24) 420 896 (17) 2 1,301 171 1,472 $ 73,168 (a) Effective January 1, 2010, GE Captial segment earnings are equal to the earnings from continuing operations for GECC. (b) March 31, 2010 reflects the impact of adoption of FAS 167 (ASU 2009-17). 3 GECC - condensed statement of financial position (In millions) Assets Cash and equivalents Investment securities (see page 26) Inventories Financing receivables - net Other receivables Property, plant & equipment, less accumulated amortization of $26,062, $25,612, $26,387, $26,307 and $26,471 Goodwill Other intangible assets - net Other assets Assets of businesses held for sale Assets of discontinued operations Total assets Liabilities and equity Short-term borrowings Accounts payable Non-recourse borrowings of consolidated securitization entities Bank deposits Long-term borrowings Investment contracts, insurance liabilities and insurance annuity benefits Other liabilities Deferred income taxes Liabilities of businesses held for sale Liabilities of discontinued operations September 30, 2010 $ 65,359 18,506 62 331,343 12,787 June 30, 2010 $ March 31, 2010 61,188 15,800 71 333,262 12,560 $ 53,669 27,143 2,347 81,317 599 1,203 53,670 27,828 2,268 82,206 786 1,283 December 31, 2009 59,614 16,237 77 356,185 13,917 $ 55,905 28,499 2,786 83,043 949 1,034 63,696 27,509 71 336,926 17,876 September 30, 2009 $ 56,695 28,961 3,018 86,355 125 1,470 56,254 27,613 79 348,518 17,698 58,690 28,184 3,371 87,040 1,263 1,533 $ 596,098 $ 589,159 $ 618,246 $ 622,702 $ 630,243 $ 110,717 8,227 30,497 41,928 298,210 6,663 20,711 5,067 446 2,014 $ 116,015 8,043 33,411 37,471 289,699 7,430 19,658 5,279 261 971 $ 119,568 8,019 36,780 38,310 307,032 8,389 19,601 5,908 30 801 $ 128,329 11,162 3,883 38,923 326,321 8,687 22,736 5,831 55 853 $ 128,577 10,378 4,402 36,836 335,275 9,640 20,458 8,394 143 843 Total liabilites 524,480 518,238 544,438 546,780 554,946 Capital stock Accumulated other comprehensive income - net Investment securities Currency translation adjustments Cash flow hedges Benefit plans Additional paid-in-capital Retained earnings 56 56 56 56 56 (539) (1,714) (1,618) (383) 28,421 46,269 (702) (2,750) (1,340) (369) 28,421 46,507 (743) (132) (1,403) (392) 28,427 45,837 (676) 1,228 (1,816) (434) 28,431 46,929 (1,077) 1,266 (1,954) (374) 28,418 46,833 Total GECC shareowner's equity 70,492 69,823 71,650 73,718 73,168 1,126 1,098 2,158 2,204 2,129 71,618 70,921 73,808 75,922 75,297 Noncontrolling interests Total equity Total liabilities and equity $ 596,098 $ 589,159 $ 618,246 $ 622,702 $ 630,243 4 GECS - condensed statement of earnings (In millions) Revenues Revenues from services Sales of goods Total revenues September 30, 2010 $ Costs and expenses Interest Operating and administrative Cost of goods sold Investment contracts, insurance losses and insurance annuity benefits Provision for losses on financing receivables (see pages 17 and 20) Depreciation and amortization Total costs and expenses Earnings (loss) from continuing operations before income taxes Benefit for income taxes Earnings from continuing operations Earnings (loss) from discontinued operations, net of taxes Net earnings Less: net earnings (loss) attributable to noncontrolling interests Net earnings attributable to GECS $ 12,429 40 12,469 For three months ending March 31, December 31, 2010 2009 June 30, 2010 $ 12,980 168 13,148 Changes in GECS shareowner's equity Balance at beginning of period Accounting changes (a) Dividends and other transactions with shareowner Other comprehensive income (loss) - net Investment securities Currency translation adjustments Cash flow hedges Benefit plans Balance at end of period $ 13,224 279 13,503 $ 12,533 213 12,746 3,938 3,808 265 787 2,263 1,925 12,986 4,225 3,991 239 812 2,907 2,128 14,302 4,128 3,712 181 785 2,868 2,069 13,743 468 387 708 101 185 357 (799) 870 (997) 1,138 855 (1,104) 809 (188) 542 (387) 71 (18) 141 40 (249) 23 621 (13) 155 3 53 (40) 181 8 (272) $ 634 67,267 - June 30, 2010 $ (906) 1,044 (261) (14) (137) (277) (414) Increases from net earnings attributable to the Company Comprehensive income $ 3,870 3,781 154 770 2,009 1,856 12,440 September 30, 2010 $ 12,890 281 13,171 3,790 3,652 39 796 1,696 2,028 12,001 GECS - statement of changes in shareowner's equity (In millions) $ September 30, 2009 66,853 68,517 (5) $ 67,267 $ 93 $ For three months ending March 31, December 31, 2010 2009 $ 632 (2,649) 88 23 (1,906) 661 (1,245) $ 152 70,833 (1,910) (3) $ 310 (1,311) 413 42 (546) 143 (403) $ 68,517 70,720 (50) September 30, 2009 $ 42 (37) 125 (60) 70 93 163 $ 70,833 173 67,904 (24) 1,698 915 (10) 2 2,605 173 2,778 $ 70,658 (a) March 31, 2010 reflects the impact of adoption of FAS 167 (ASU 2009-17). 5 GECS - condensed statement of financial position (In millions) Assets Cash and equivalents Investment securities (see page 32) Inventories Financing receivables - net (see pages 11 - 16) Other receivables Property, plant & equipment, less accumulated amortization of $26,078, $25,627, $26,402, $26,322 and $26,485(see page 23) Goodwill Other intangible assets - net Other assets Assets of businesses held for sale Assets of discontinued operations Total assets Liabilities and equity Short-term borrowings (see page 33) Accounts payable Non-recourse borrowings of consolidated securitization entities Bank deposits Long-term borrowings (see page 33) Investment contracts, insurance liabilities and insurance annuity benefits Other liabilities Deferred income taxes Liabilities of businesses held for sale Liabilities of discontinued operations September 30, 2010 $ 66,016 45,674 62 331,343 13,324 June 30, 2010 $ March 31, 2010 61,547 42,083 71 333,262 13,093 $ 53,690 27,143 2,793 82,432 599 1,203 53,690 27,828 2,277 82,440 786 1,283 December 31, 2009 60,039 41,523 77 356,185 14,527 $ 55,926 28,499 3,238 84,145 949 1,035 64,356 51,913 71 336,926 18,752 September 30, 2009 $ 56,717 28,961 3,479 87,471 125 1,470 56,898 52,723 79 348,518 18,625 58,712 28,184 3,838 87,941 1,263 1,533 $ 624,723 $ 617,916 $ 646,143 $ 650,241 $ 658,314 $ 115,750 8,335 30,497 41,928 298,277 31,688 21,646 5,919 446 2,258 $ 121,011 8,184 33,411 37,471 289,768 31,015 20,565 6,651 261 1,214 $ 124,457 8,261 36,780 38,310 307,102 31,990 20,566 6,900 30 1,072 $ 131,137 13,275 3,883 38,923 326,391 32,009 23,756 6,793 55 1,138 $ 131,768 12,501 4,402 36,836 335,347 32,948 21,021 9,434 143 1,279 Total liabilites 556,744 549,551 575,468 577,360 585,679 Capital stock Accumulated other comprehensive income - net Investment securities Currency translation adjustments Cash flow hedges Benefit plans Additional paid-in-capital Retained earnings 11 11 11 11 11 (617) (1,592) (1,529) (383) 27,573 43,390 289 (2,636) (1,268) (369) 27,573 43,667 (343) 13 (1,356) (392) 27,578 43,006 (436) 1,372 (1,769) (434) 27,581 44,508 (478) 1,409 (1,894) (374) 27,568 44,416 Total GECS shareowner's equity 66,853 67,267 68,517 70,833 70,658 1,126 1,098 2,158 2,048 1,977 67,979 68,365 70,675 72,881 72,635 Noncontrolling interests Total equity Total liabilities and equity $ 624,723 $ 617,916 $ 646,143 $ 650,241 $ 658,314 6 GECC continuing operations (GE Capital) September 30, 2010 (In millions) Revenues Less: Interest expense Net revenues $ 11,616 (3,782) 7,834 June 30, 2010 $ 12,297 (3,863) 8,434 For three months ending March 31, December 31, 2010 2009 $ 12,331 (3,929) 8,402 $ 12,735 (4,228) 8,507 September 30, 2009 $ 12,005 (4,135) 7,870 Costs and expenses Selling, general and administrative Depreciation and amortization Operating and other expenses Total costs and expenses 2,736 2,027 848 5,611 2,808 1,856 1,020 5,684 2,826 1,924 1,151 5,901 3,108 2,128 1,124 6,360 2,875 2,068 1,026 5,969 Earnings before income taxes and provision for losses Less: Provision for losses on financing receivables 2,223 (1,696) 2,750 (2,009) 2,501 (2,263) 2,147 (2,907) 1,901 (2,868) 527 367 741 76 238 372 (760) 856 (967) 1,116 Earnings (loss) before income taxes Benefit for income taxes Earnings from continuing operations before noncontrolling interests Less: Net earnings (loss) attributable to noncontrolling interests $ 894 23 $ 817 (13) $ 610 3 $ 96 (40) $ 149 8 GE Capital segment profit $ 871 $ 830 $ 607 $ 136 $ 141 September 30, 2010 (In millions) Segment profit CLL Consumer Real Estate EFS GECAS $ $ GECC corporate items and eliminations GE Capital segment profit $ June 30, 2010 443 826 (405) 55 158 1,077 (206) $ 871 $ $ For three months ending March 31, December 31, 2010 2009 312 735 (524) 126 288 937 (107) $ 830 $ $ 232 593 (403) 153 317 892 (285) $ 607 $ $ September 30, 2009 352 262 (593) 31 283 335 (199) $ 136 $ $ 130 443 (538) 41 187 263 (122) 141 7 GE Capital asset quality 8 GE Capital - assets by region (a), (b) At (In millions) September 30, 2010 Property, plant and equipment (net) Financing receivables (net) 155,659 $ U.S. Europe Western (including U.K.) Eastern Pacific Basin Americas (excluding U.S.) Other $ Total $ 331,343 $ 53,670 $ 594,815 Total at June 30, 2010 $ 333,262 $ 53,669 $ 587,956 Total at March 31, 2010 $ 356,185 $ 55,905 $ 617,212 Total at December 31, 2009 $ 336,926 $ 56,695 $ 621,232 Total at September 30, 2009 $ 348,518 $ 58,690 $ 628,710 80,697 18,697 31,293 30,920 14,077 10,644 Total assets $ 5,723 308 2,776 1,444 32,775 300,602 $ 110,645 31,000 54,490 44,648 53,430 June 30, 2010 March 31, 2010 December 31, 2009 September 30, 2009 Total assets Total assets Total assets Total assets 303,482 $ 106,001 27,515 52,749 44,774 53,435 $ 587,956 312,015 $ 617,212 $ 130,822 31,499 60,233 42,313 54,239 118,722 30,616 57,670 44,143 54,046 $ 302,126 $ 621,232 300,639 136,093 32,044 62,986 42,899 54,049 $ 628,710 (a) Excludes assets of discontinued operations. (b) Prior period amounts have been reclassified to conform to current-period's presentation. 9 GE Capital - assets in selected emerging markets (In millions) Selected emerging markets (a) (b) Eastern Europe Poland Czech Republic Hungary Turkey Total Eastern Europe Financing receivables (net) $ 9,192 5,359 3,188 17,739 September 30, 2010 Property, plant and equipment (net) $ 164 57 48 269 Total assets $ 13,058 7,304 4,115 3,077 27,554 $ At June 30, 2010 March 31, 2010 December 31, 2009 September 30, 2009 Total assets Total assets Total assets Total assets 11,995 6,607 4,026 2,794 25,422 $ 13,274 7,636 4,625 2,801 28,336 $ 13,421 8,221 4,816 2,684 29,142 $ 13,622 8,165 5,165 2,590 29,542 Pacific Basin and Other India Thailand Total Pacific Basin and Other 1,142 69 1,211 16 16 1,771 1,554 3,325 1,758 1,456 3,214 2,225 1,455 3,680 1,765 1,386 3,151 2,032 2,524 4,556 Americas Mexico Central America (ex-Mexico) Total Americas 7,516 4,992 12,508 727 253 980 10,034 9,437 19,471 10,075 9,457 19,532 10,000 9,361 19,361 10,155 9,371 19,526 9,930 9,035 18,965 Total $ 31,458 $ 1,265 $ 50,350 Total at June 30, 2010 $ 30,324 $ 1,128 $ 48,168 Total at March 31, 2010 $ 32,955 $ 1,199 $ 51,377 Total at December 31, 2009 $ 34,750 $ 1,230 $ 51,819 Total at September 30, 2009 $ 35,681 $ 1,135 $ 53,063 $ 48,168 $ 51,377 $ 51,819 $ 53,063 (a) We have disclosed here selected emerging markets where our total assets at September 30, 2010, exceed $1 billion. Assets of discontinued operations are excluded. (b) Prior period amounts have been reclassified to conform to current-period's presentation. 10 GE Capital - CLL portfolio overview (In millions, unless otherwise noted) Balances (a) September 30, 2010 CLL Americas Europe Asia Other Total (c) $ $ 89,769 36,969 12,192 2,651 141,581 $ $ $ 2,777 1,095 429 7 4,308 $ $ 1,356 411 252 8 2,027 $ $ $ 189 47 18 254 $ $ $ 1,362 382 234 8 1,986 $ $ $ 99,666 43,403 13,159 2,836 159,064 $ $ 3,210 1,126 467 26 4,829 $ $ 3,437 1,441 559 24 5,461 $ $ 1,319 484 236 12 2,051 $ $ 1,245 575 234 11 2,065 256 128 39 423 $ $ 247 132 46 425 87,496 41,455 13,202 2,836 144,989 September 30, 2009 $ $ $ 3,155 1,441 576 24 5,196 September 30, 2009 $ $ 1,179 575 244 11 2,009 September 30, 2009 $ $ 344 102 62 (1) 507 1,098 533 242 6 1,879 $ December 31, 2009 $ 3,471 1,296 595 31 5,393 $ December 31, 2009 $ 92,263 42,499 14,096 2,896 151,754 $ December 31, 2009 Write-offs (net) - for three months ending March 31, 2010 June 30, 2010 $ $ Allowance for losses (e) March 31, January 1, 2010 2010 (b) June 30, 2010 $ 96,553 39,980 12,664 2,791 151,988 December 31, 2009 Nonearning receivables (d) March 31, January 1, 2010 2010 (b) 3,076 902 422 24 4,424 $ September 30, 2010 (f) CLL Americas Europe Asia Other Total $ June 30, 2010 September 30, 2010 CLL Americas Europe Asia Other Total 93,042 36,067 11,914 2,727 143,750 $ September 30, 2010 CLL Americas Europe Asia Other Total Financing receivables March 31, January 1, 2010 2010 (b) June 30, 2010 September 30, 2009 $ $ 266 89 39 3 397 (a) During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. (b) Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. (c) Financing receivables include impaired loans of $5,340 million at September 30, 2010. (d) Nonearning receivables are those that are 90 days or more past due (or for which collection has otherwise become doubtful). Nonearning receivables exclude loans purchased at a discount (unless they have deteriorated post acquisition). Under ASC 310, Receivables, these loans are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. In addition, nonearning receivables exclude loans which are paying currently under a cash accounting basis, but classified as impaired. Recently restructured financing receivables are not considered delinquent when payments are brought current according to restructured terms but may remain classified as nonearning until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection. (e) Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. Such estimate requires 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 customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, on a portfolio basis, as appropriate. Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. (f) Includes $17 million of net write-offs, for three months ending September 30, 2010, related to VIEs consolidated with the adoption of ASU 2009-17, amendment to ASC 810, Consolidation. 11 GE Capital - CLL portfolio overview Nonearning receivables as as percent of financing receivables (b) June 30, March 31, January 1, 2010 2010 2010 (c) Ratios (a) September 30, 2010 CLL Americas Europe Asia Other Total 3.1 % 3.0 3.5 0.3 3.0 % September 30, 2010 CLL Americas Europe Asia Other Total June 30, 2010 48.8 % 37.5 58.7 114.3 47.1 % CLL Americas Europe Asia Other Total 3.4 % 3.3 4.2 0.8 3.4 % Allowance for losses as a percent of nonearning receivables (d) March 31, January 1, 2010 2010 (c) 44.3 % 42.4 55.5 33.3 44.9 % 1.5 % 1.1 2.1 0.3 1.4 % September 30, 2010 CLL Americas Europe Asia Other Total 3.3 % 2.8 3.7 0.9 3.2 % 41.1 % 43.0 50.5 46.2 42.5 % 3.6 % 3.5 4.4 0.8 3.6 % December 31, 2009 36.2 % 39.9 41.9 45.8 37.8 % 37.4 % 39.9 42.4 50.0 38.7 % Allowance for losses as a percent of total financing receivables (d) June 30, March 31, January 1, December 31, 2010 2010 2010 (c) 2009 September 30, 2010 1.5 % 1.1 2.0 0.3 1.4 % June 30, 2010 0.8 % 0.5 0.6 NM 0.7 % September 30, 2010 Managed delinquency 3.3 % 2.5 3.5 0.9 3.1 % December 31, 2009 1.2 % 1.3 1.8 0.4 1.3 % Write-offs as a percent of financing receivables (e) March 31, 2010 1.1 % 1.3 1.3 NM 1.1 % 1.3 % 1.4 1.8 0.4 1.4 % December 31, 2009 1.0 % 1.3 1.4 NM 1.1 % Equipment financing March 31, 2010 June 30, 2010 2.26 % 1.4 % 1.2 1.9 0.4 1.3 % 2.50 % 1.5 % 1.0 1.8 NM 1.4 % December 31, 2009 2.71 % 2.81 % September 30, 2009 3.8 3.0 4.2 1.1 3.6 September 30, 2009 31.6 41.1 40.7 19.4 34.8 September 30, 2009 1.2 1.3 1.7 0.2 1.2 September 30, 2009 1.1 0.8 1.1 0.4 1.0 September 30, 2009 3.01 (a) During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. (b) Nonearning receivables are those that are 90 days or more past due (or for which collection has otherwise become doubtful). Nonearning receivables exclude loans purchased at a discount (unless they have deteriorated post acquisition). Under ASC 310, Receivables, these loans are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. In addition, nonearning receivables exclude loans which are paying currently under a cash accounting basis, but classified as impaired. Recently restructured financing receivables are not considered delinquent when payments are brought current according to restructured terms but may remain classified as nonearning until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection. (c) Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. (d) Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. Such estimate requires 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 customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, on a portfolio basis, as appropriate. Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. (e) Write-offs percent is calculated as the ratio of annualized write-offs for the quarter divided by average of financing receivables at the beginning and end of the period. 12 GE Capital - Consumer portfolio overview (In millions, unless otherwise noted) Financing receivables March 31, January 1, 2010 2010 (b) Balances (a) September 30, 2010 Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total (c) $ $ 49,239 22,729 42,782 10,038 10,035 134,823 June 30, 2010 $ $ September 30, 2010 Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total $ $ 4,248 352 1,149 45 497 6,291 $ $ 922 1,043 2,672 208 255 5,100 $ $ $ 77 268 880 42 61 1,328 $ $ $ $ 58,345 24,976 47,171 13,344 11,688 155,524 $ $ $ $ 4,515 451 1,633 72 625 7,296 $ $ 913 1,139 3,125 294 308 5,779 $ $ 949 1,181 3,300 308 300 6,038 58 310 1,035 55 83 1,541 $ $ 78 389 1,114 47 91 1,719 58,345 24,976 23,190 13,344 11,688 131,543 September 30, 2009 $ $ $ 4,515 451 841 72 625 6,504 September 30, 2009 $ $ 949 1,181 1,698 308 300 4,436 September 30, 2009 $ $ 128 416 602 31 89 1,266 973 1,108 1,568 296 258 4,203 $ December 31, 2009 $ 4,736 447 749 74 457 6,463 $ December 31, 2009 $ 60,812 24,963 22,324 14,196 11,975 134,270 $ December 31, 2009 Write-offs (net) - for three months ending March 31, 2010 June 30, 2010 $ $ Allowance for losses (e) March 31, January 1, 2010 2010 (b) 892 1,020 2,754 234 257 5,157 $ 4,341 427 1,453 64 518 6,803 $ June 30, 2010 $ 52,722 24,256 43,330 12,025 10,898 143,231 Nonearning receivables (d) March 31, January 1, 2010 2010 (b) 4,187 408 1,228 54 473 6,350 $ September 30, 2010 (f) Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total $ June 30, 2010 September 30, 2010 Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total 48,013 21,783 42,946 10,012 9,764 132,518 December 31, 2009 September 30, 2009 $ $ 122 452 645 91 98 1,408 (a) During the first quarter of 2010, we transferred the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. (b) Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. (c) Financing receivables include impaired loans of $2,418 million at September 30, 2010. (d) Nonearning receivables are those that are 90 days or more past due (or for which collection has otherwise become doubtful). Nonearning receivables exclude loans purchased at a discount (unless they have deteriorated post acquisition). Under ASC 310, Receivables, these loans are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. In addition, nonearning receivables exclude loans which are paying currently under a cash accounting basis, but classified as impaired. Recently restructured financing receivables are not considered delinquent when payments are brought current according to restructured terms but may remain classified as nonearning until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection. (e) Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. Such estimate requires 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 customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, on a portfolio basis, as appropriate. Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. (f) Includes $477 million of net write-offs, for three months ending September 30, 2010, related to VIE assets consolidated with the adoption of ASU 2009-17, amendment to ASC 810, Consolidation, and sellers interest included in the VIE that was on-book prior to January 1, 2010. 13 GE Capital - Consumer portfolio overview Ratios (a) Nonearning receivables as as percent of financing receivables (b) June 30, March 31, January 1, December 31, 2010 2010 2010 (c) 2009 September 30, 2010 Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total 8.6 % 1.5 2.7 0.4 5.0 4.7 % 21.7 % 296.3 232.6 462.2 51.3 81.1 % September 30, 2010 21.0 % 266.7 215.1 459.4 59.5 84.9 % 1.9 % 4.7 6.4 2.3 2.6 3.9 % June 30, 2010 0.6 % 4.8 8.2 1.7 2.5 4.0 % September 30, 2010 Managed delinquency 21.3 % 250.0 224.3 433.3 54.3 81.2 % 1.9 % 4.6 6.2 2.1 2.5 3.8 % Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total 7.7 % 1.8 3.5 0.5 5.3 4.7 % 7.7 % 1.8 3.6 0.5 5.3 4.9 % 21.0 % 261.9 202.1 427.8 48.0 82.8 % 8.34 % 1.7 % 4.7 7.2 2.4 2.8 4.0 % 1.6 % 4.7 7.0 2.3 2.6 3.9 % Write-offs as a percent of financing receivables (e) March 31, 2010 0.5 % 5.4 9.6 2.0 3.2 4.5 % 8.66 % September 30, 2009 20.5 % 247.9 209.3 400.0 56.5 65.0 % September 30, 2009 1.6 % 4.7 7.3 2.3 2.6 3.4 % December 31, 2009 0.6 % 6.3 13.4 1.5 3.2 5.0 % Consumer March 31, 2010 June 30, 2010 7.8 % 1.8 3.4 0.5 3.8 4.8 % 21.0 % 261.9 201.9 427.8 48.0 68.2 % Allowance for losses as a percent of total financing receivables (d) June 30, March 31, January 1, December 31, 2010 2010 2010 (c) 2009 September 30, 2010 Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total 8.2 % 1.8 3.4 0.5 4.8 4.7 % Allowance for losses as a percent of nonearning receivables (d) June 30, March 31, January 1, December 31, 2010 2010 2010 (c) 2009 September 30, 2010 Consumer Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total 8.7 % 1.9 2.9 0.5 4.8 4.8 % September 30, 2009 1.6 % 4.4 7.0 2.1 2.2 3.1 % September 30, 2009 0.9 % 6.7 10.6 0.9 3.0 3.8 % December 31, 2009 8.72 % 0.8 % 7.2 11.2 2.5 3.3 4.1 % September 30, 2009 8.85 % 8.82 % (a) During the first quarter of 2010, we transferred the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. (b) Nonearning receivables are those that are 90 days or more past due (or for which collection has otherwise become doubtful). Nonearning receivables exclude loans purchased at a discount (unless they have deteriorated post acquisition). Under ASC 310, Receivables, these loans are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. In addition, nonearning receivables exclude loans which are paying currently under a cash accounting basis, but classified as impaired. Recently restructured financing receivables are not considered delinquent when payments are brought current according to restructured terms but may remain classified as nonearning until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection. (c) Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. (d) Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. Such estimate requires 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 customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, on a portfolio basis, as appropriate. Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. (e) Write-offs percent is calculated as the ratio of annualized write-offs for the quarter divided by average of financing receivables at the beginning and end of the period. 14 GE Capital - portfolio overview (In millions, unless otherwise noted) Balances September 30, 2010 Real Estate (c) EFS GECAS (f) Other $ 42,481 7,291 12,227 2,087 $ September 30, 2010 Real Estate EFS GECAS (f) Other $ 1,425 163 90 $ 1,857 85 25 53 $ $ 222 7 - $ 1,618 77 77 105 $ 47,586 7,854 12,615 2,445 $ 48,673 7,790 13,254 2,614 December 31, 2009 $ Nonearning receivables (d) March 31, January 1, 2010 2010 (b) $ 1,748 80 77 100 $ 1,358 78 153 72 1,797 53 50 50 $ 1,557 47 54 46 $ 1,536 28 104 34 185 18 - $ 188 71 2 44,841 7,790 13,254 2,614 $ $ 1,252 78 153 72 $ 1,320 360 194 78 September 30, 2009 1,494 28 104 34 $ December 31, 2009 $ 45,471 8,362 12,926 3,095 September 30, 2009 December 31, 2009 Write-offs (net) - for three months ending March 31, 2010 June 30, 2010 $ $ September 30, 2009 December 31, 2009 Allowance for losses (e) March 31, January 1, 2010 2010 (b) June 30, 2010 September 30, 2010 Real Estate (c) EFS GECAS (f) Other 44,006 7,472 12,337 2,272 June 30, 2010 September 30, 2010 Real Estate EFS GECAS (f) Other Financing receivables (a) March 31, January 1, 2010 2010 (b) June 30, 2010 1,028 101 126 23 September 30, 2009 73 67 15 2 $ 104 1 7 (a) Financing receivables include $9,089 million, $180 million, $25 million and $117 million of impaired loans at Real Estate, EFS, GECAS, and Other, respectively, at September 30, 2010. (b) Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. (c) Financing receivables include $224 million of construction loans at September 30, 2010. (d) Nonearning receivables are those that are 90 days or more past due (or for which collection has otherwise become doubtful). Nonearning receivables exclude loans purchased at a discount (unless they have deteriorated post acquisition). Under FASB ASC 310, Receivables, these loans are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. In addition, nonearning receivables exclude loans which are paying currently under a cash accounting basis, but classified as impaired. Recently restructured financing receivables are not considered delinquent when payments are brought current according to restructured terms but may remain classified as nonearning until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection. (e) Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. Such estimate requires 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 customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, on a portfolio basis, as appropriate. Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. (f) During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. 15 GE Capital - portfolio overview Ratios Nonearning receivables as as percent of financing receivables (a) June 30, March 31, January 1, December 31, 2010 2010 2010 (b) 2009 September 30, 2010 Real Estate EFS GECAS (e) Other 3.4 % 2.2 4.3 September 30, 2010 Real Estate EFS GECAS (e) Other June 30, 2010 130.3 % 52.1 58.9 Real Estate EFS GECAS (e) Other 2.8 % 1.0 1.2 2.8 Allowance for losses as a percent of nonearning receivables (c) March 31, January 1, 2010 2010 (b) 111.1 % 68.8 64.9 47.6 4.4 % 1.2 0.2 2.5 September 30, 2010 Real Estate EFS GECAS (e) Other 3.7 % 1.0 0.6 4.1 89.1 % 58.8 70.1 46.0 113.1 % 35.9 68.0 47.2 2.8 % 1.0 1.2 2.8 December 31, 2009 119.3 % 35.9 68.0 47.2 Allowance for losses as a percent of total financing receivables (c) June 30, March 31, January 1, December 31, 2010 2010 2010 (b) 2009 September 30, 2010 4.1 % 0.7 0.4 2.2 June 30, 2010 2.1 % NM 0.2 NM September 30, 2010 Managed delinquency 3.7 % 1.0 0.6 4.6 5.74 % 3.3 % 0.6 0.4 1.9 3.2 % 0.4 0.8 1.3 Write-offs as a percent of financing receivables (d) March 31, 2010 1.6 % NM 0.6 NM 5.40 % December 31, 2009 1.6 % NM 2.2 0.3 Real Estate March 31, 2010 June 30, 2010 3.3 % 0.4 0.8 1.3 0.6 % 3.3 0.5 0.3 December 31, 2009 4.97 % 4.22 % September 30, 2009 2.9 % 4.3 1.5 2.5 September 30, 2009 77.9 % 28.1 64.9 29.5 September 30, 2009 2.3 % 1.2 1.0 0.7 September 30, 2009 0.9 % NM NM 0.9 September 30, 2009 4.09 % (a) Nonearning receivables are those that are 90 days or more past due (or for which collection has otherwise become doubtful). Nonearning receivables exclude loans purchased at a discount (unless they have deteriorated post acquisition). Under FASB ASC 310, Receivables, these loans are initially recorded at fair value and accrete interest income over the estimated life of the loan based on reasonably estimable cash flows even if the underlying loans are contractually delinquent at acquisition. In addition, nonearning receivables exclude loans which are paying currently under a cash accounting basis, but classified as impaired. Recently restructured financing receivables are not considered delinquent when payments are brought current according to restructured terms but may remain classified as nonearning until there has been a period of satisfactory payment performance by the borrower and future payments are reasonably assured of collection. (b) Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. (c) Losses on financing receivables are recognized when they are incurred, which requires us to make our best estimate of probable losses inherent in the portfolio. Such estimate requires 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 customers and market sectors, collateral values (including housing price indices as applicable), and the present and expected future levels of interest rates. Our risk management process includes standards and policies for reviewing major risk exposures and concentrations, and evaluates relevant data either for individual loans or financing leases, on a portfolio basis, as appropriate. Effective January 1, 2009, loans acquired in a business acquisition are recorded at fair value, which incorporates our estimate at the acquisition date of the credit losses over the remaining life of the portfolio. As a result, the allowance for loan losses is not carried over at acquisition. This may result in lower reserve coverage ratios prospectively. (d) Write-offs percent is calculated as the ratio of annualized write-offs for the quarter divided by average of financing receivables at the beginning and end of the period. (e) During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. 16 GE Capital - Consumer allowance for losses on financing receivables (In millions) Consumer (d) Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total Balance December 31, 2009 Adoption of ASU 2009-17 (a) Provision charged to operations (b) Balance January 1, 2010 Other (c) Gross writeoffs Recoveries Balance September 30, 2010 $ 949 1,181 1,698 308 300 $ 1,602 - $ 949 1,181 3,300 308 300 $ 243 874 2,405 78 213 $ (57) (44) (4) (34) (24) $ (281) (1,401) (3,401) (286) (298) $ 68 433 372 142 64 $ 922 1,043 2,672 208 255 $ 4,436 $ 1,602 $ 6,038 $ 3,813 $ (163) $ (5,667) $ 1,079 $ 5,100 (In millions) Consumer (d) Non - U.S. residential mortgages Non - U.S. installment and revolving credit U.S. installment and revolving credit Non - U.S. auto Other Total Provision charged to operations Balance January 1, 2009 Other (e) Gross writeoffs Recoveries Balance September 30, 2009 $ 381 1,049 1,700 203 226 $ 804 1,335 2,631 346 257 $ 82 40 (761) 45 9 $ (423) (1,691) (2,134) (435) (273) $ 129 375 132 137 39 $ 973 1,108 1,568 296 258 $ 3,559 $ 5,373 $ (585) $ (4,956) $ 812 $ 4,203 (a) On January 1, 2010, we adopted ASU 2009-17, amendments to ASC 810, Consolidation, that required us to consolidate the allowance for losses of VIEs consolidated on January 1, 2010. (b) Includes $1,034 million of provisions for VIEs consolidated on January 1, 2010. (c) Other primarily included the effects of currency exchange. (d) During the first quarter of 2010, we transferred the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. (e) Other primarily included the effects of securitization activity and currency exchange. 17 GE Capital - Consumer financing receivables by region (In millions) September, 2010 Installment and revolving credit (b) Mortgages U.S. Europe Western Eastern Pacific Basin Americas Other $ Total at September 30, 2010 $ - $ 31,317 7,957 5,979 3,517 469 March 31, 2010 49,239 $ Total at March 31, 2010 $ - $ September 30, 2009 $ $ Total at September 30, 2009 $ - $ $ 43,330 67,586 $ 22,324 10,038 $ $ 47,287 $ - 10,035 $ $ 12,025 $ $ $ 14,196 924 $ 10,898 1,040 11,975 44,254 50,766 20,300 18,130 9,101 680 $ 143,231 June 30, 2010 Installment and revolving credit Mortgages U.S. Europe Western Eastern Pacific Basin Americas Other $ Total at June 30, 2010 $ - $ 30,426 7,247 6,233 3,607 500 December 31, 2009 48,013 $ Total at December 31, 2009 $ - $ 64,729 $ 23,190 $ - 48,166 $ 10,012 $ $ 987 $ 9,764 - $ 13,344 $ 132,518 Total 981 $ 4,014 4,799 361 1,533 $ 43,933 45,578 17,749 15,838 8,838 582 Other (a) 6,799 1,728 4,087 691 39 $ Total 3,017 3,932 313 1,515 - Auto 8,298 6,350 6,731 3,450 147 $ Other (a) 5,075 1,315 3,067 547 8 Installment and revolving credit 36,503 8,297 9,284 3,672 589 58,345 $ 7,060 5,255 6,225 3,169 74 Mortgages U.S. Europe Western Eastern Pacific Basin Americas Other 42,946 Auto 11,688 24,171 55,614 21,174 20,463 9,346 775 $ 131,543 Total $ 4,157 4,953 354 1,471 $ 134,823 Total Other (a) - 43,721 46,833 19,194 15,919 8,627 529 3,632 4,529 342 1,471 - 7,215 1,877 4,321 727 56 $ 939 Other (a) Auto $ Total 2,971 4,283 296 1,546 - 6,051 1,572 3,728 649 25 8,624 6,509 6,274 3,361 195 $ $ Auto Installment and revolving credit 37,791 8,412 10,302 3,689 618 60,812 - 8,009 6,145 6,684 3,311 107 Mortgages U.S. Europe Western Eastern Pacific Basin Americas Other 65,511 Other (a) 5,112 1,389 2,996 534 7 Installment and revolving credit 33,074 8,054 7,376 3,670 548 52,722 $ 7,433 5,565 6,648 3,030 53 Mortgages U.S. Europe Western Eastern Pacific Basin Americas Other 42,782 Auto 23,364 57,787 21,751 21,251 9,248 869 $ 134,270 (a) Represents mainly small and medium enterprise loans. (b) Balance at September 30, 2010, includes $21,010 million of consolidated VIE loans and leases consolidated on January 1, 2010. 18 GE Capital - Consumer mortgage portfolio by country (a) (In millions) Financing receivables September 30, 2010 As a % of total Nonearning receivables Delinquent more than 30 days Financing receivables June 30, 2010 As a % of total Nonearning receivables Delinquent more than 30 days U.K. (b) (d) Australia France (d) Poland Mexico Spain Hungary All other $ 18,858 5,081 9,302 5,545 1,877 1,074 1,020 6,482 38.3 % 10.3 18.9 11.3 3.8 2.2 2.1 13.2 15.0 % 1.2 2.4 0.9 10.7 18.1 8.4 9.1 23.4 % 9.9 3.5 2.0 14.3 27.4 13.6 10.7 U.K. Australia France Poland Mexico Spain Hungary All other $ 18,327 5,253 9,015 5,007 1,961 1,053 929 6,468 38.2 % 10.9 18.8 10.4 4.1 2.2 1.9 13.5 15.9 % 1.3 2.1 0.9 9.6 19.3 7.0 7.8 24.9 % 9.9 3.4 1.9 13.3 29.4 12.0 10.1 Total at September 30, 2010 (c) $ 49,239 100.0 % 8.6 % 13.7 % Total at June 30, 2010 (c) $ 48,013 100.0 % 8.7 % 14.2 % Financing receivables March 31, 2010 As a % of total Nonearning receivables Delinquent more than 30 days Financing receivables December 31, 2009 As a % of total U.K. Australia France Poland Mexico Spain Hungary All other $ 19,236 6,328 10,280 5,518 2,019 1,211 1,025 7,105 36.5 % 12.0 19.5 10.5 3.8 2.3 1.9 13.5 16.1 % 1.1 2.0 0.8 8.7 20.3 6.1 6.0 24.4 % 8.7 3.2 1.8 12.7 29.4 10.0 10.3 U.K. Australia France Poland Mexico Spain Hungary All other $ 21,146 7,319 11,455 5,652 2,033 1,316 1,059 8,365 36.2 % 12.5 19.6 9.7 3.5 2.3 1.8 14.3 Total at March 31, 2010 $ 52,722 100.0 % 8.2 % 13.5 % Total at December 31, 2009 $ 58,345 100.0 % Financing receivables September 30, 2009 As a % of total U.K. Australia France Poland Mexico Spain Hungary All other $ 22,135 8,159 11,710 5,698 1,973 1,317 1,073 8,747 36.4 % 13.4 19.3 9.4 3.2 2.2 1.8 14.4 Total at September 30, 2009 $ 60,812 100.0 % Nonearning receivables 16.1 0.6 1.8 0.4 7.7 21.6 3.8 4.8 Nonearning receivables 15.6 0.6 1.9 0.7 8.3 19.6 4.6 5.0 Delinquent more than 30 days % 7.7 % 25.2 6.5 2.9 1.6 12.8 29.4 8.6 9.5 % 13.3 % Delinquent more than 30 days % 7.8 % 25.8 5.7 3.0 1.5 11.7 31.8 8.2 9.1 % 13.4 % (a) 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 360 days past due. (b) At September 30, 2010, we had in repossession stock approximately 700 houses in the U.K., which had a value of approximately $0.1 billion. (c) At September 30, 2010, net of credit insurance, approximately 24% of this portfolio comprised loans with introductory, below market rates that are scheduled to adjust at future dates; with high loan-to-value ratios at inception; whose terms permitted interest-only payments; or whose terms resulted in negative amortization. At origination, we underwrite loans with an adjustable rate to the reset value. 80% of these loans are in our U.K. and France portfolios, which comprise mainly loans with interest-only payments and introductory below market rates, have a delinquency rate of 16.1% and have loan-to-value at origination of 75%. At September 30, 2010, 3% (based on dollar values) of these loans in our U.K. and France portfolios have been restructured. (d) Our U.K. and France portfolios have reindexed loan-to-value ratios of 82% and 65%, respectively. 19 GE Capital - Commercial allowance for losses on financing receivables (In millions) CLL (d) Americas Europe Asia Other Balance December 31, 2009 $ Real Estate 1,179 575 244 11 66 (10) - $ 1,245 575 234 11 $ 823 190 131 (3) Gross write-offs Other (c) $ (20) (47) (10) - $ Balance September 30, 2010 Recoveries (787) (348) (118) - $ 95 41 15 - $ 1,356 411 252 8 42 1,536 918 (2) (597) 2 1,857 28 - 28 56 1 - - 85 104 - 104 17 - (96) - 25 GECAS (d) $ $ Provision charged to operations (b) 1,494 EFS Total Balance January 1, 2010 Adoption of ASU 2009-17 (a) 3,635 (In millions) CLL (d) Americas Europe Asia Other $ 98 $ 3,733 $ Real Estate 843 311 163 4 $ Provision charged to operations Balance January 1, 2009 $ 2,132 $ 969 458 188 4 (78) $ Gross write-offs Other (c) $ (1,946) (34) 10 8 3 $ $ 153 $ 66 53 19 - 301 903 13 (190) 1 EFS 58 42 1 - - GECAS (d) 58 69 (1) - - Total $ 1,738 $ 2,633 $ - $ (1,376) $ 3,994 Balance September 30, 2009 Recoveries (746) (299) (136) (5) $ 139 $ 1,098 533 242 6 1,028 101 126 $ 3,134 (a) On January 1, 2010, we adopted ASU 2009-17, amendments to ASC 810, Consolidation, that required us to consolidate the allowance for losses of VIEs consolidated on January 1, 2010. (b) Includes $94 million and $34 million of provisions for CLL and Real Estate, respectively, related to VIEs consolidated on January 1, 2010. (c) Other primarily included the effects of currency exchange. (d) During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL and the Consumer business in Italy from Consumer to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. 20 GE Capital - Real Estate debt overview (In millions) Region September 30, 2010 June 30, 2010 Financing receivables March 31, 2010 December 31, 2009 September 30, 2009 U.S. (a) Europe Pacific Basin Americas $ 27,628 4,719 2,974 7,160 $ 28,804 4,700 3,001 7,501 $ 30,505 5,103 3,135 8,843 $ 27,008 5,807 3,235 8,791 $ 27,542 5,986 3,133 8,810 Total (b) $ 42,481 $ 44,006 $ 47,586 $ 44,841 $ 45,471 Vintage profile Originated in pre-2007 2007 2008 2009 2010 Total September 30, 2010 Property type September 30, 2010 June 30, 2010 Financing receivables March 31, 2010 December 31, 2009 September 30, 2009 Office buildings Owner occupied Apartment buildings Hotel properties Warehouse properties Retail facilities Mixed use Parking facilities Other $ 10,028 10,314 6,467 4,683 3,775 3,937 1,192 121 1,964 $ 10,201 10,620 7,010 4,911 3,966 3,981 1,225 120 1,972 $ 10,923 12,227 7,418 5,117 4,231 4,229 1,304 124 2,013 $ 11,121 8,276 7,649 5,152 4,349 4,302 1,395 122 2,475 $ 11,171 8,431 7,932 5,153 4,383 4,377 1,389 128 2,507 Total (b) $ 42,481 $ 44,006 $ 47,586 $ 44,841 $ 45,471 Contractual maturities September 30, 2010 $ 14,552 12,418 15,228 138 145 Due in 2010 and prior (c) 2011 2012 2013 2014 and later $ 42,481 Total $ 6,368 10,418 6,961 3,639 15,095 $ 42,481 (a) Balance at September 30, 2010, includes $3,905 million of consolidated VIE loans and leases consolidated on January 1, 2010. (b) Represents total gross financing receivables for Real Estate only. (c) Includes $2,038 million relating to loans with contractual maturities prior to September 30, 2010. 21 GE Capital - Real Estate equity overview (a) (In millions, unless otherwise noted) Region September 30, 2010 Equity March 31, 2010 June 30, 2010 December 31, 2009 September 30, 2009 U.S. Europe Pacific Basin Americas $ 9,254 9,905 7,327 2,927 $ 9,446 9,477 7,177 2,999 $ 9,531 10,864 7,523 3,053 $ 9,892 11,705 7,966 3,027 $ 10,067 12,384 7,902 3,031 Total $ 29,413 $ 29,099 $ 30,971 $ 32,590 $ 33,384 Vintage profile (e) Originated in pre-2007 2007 2008 2009 2010 Total September 30, 2010 $ $ 13,787 12,848 2,036 293 449 29,413 Property type September 30, 2010 Equity March 31, 2010 June 30, 2010 December 31, 2009 September 30, 2009 Office buildings Apartment buildings Warehouse properties Retail facilities Mixed use Parking facilities Owner occupied Hotel properties Other $ 14,695 4,340 3,579 2,803 1,459 817 724 334 662 $ 14,406 4,204 3,617 2,758 1,468 819 733 341 753 $ 15,602 4,334 3,775 2,993 1,622 824 745 347 729 $ 16,340 4,747 3,869 3,194 1,723 787 724 421 785 $ 16,714 4,708 4,054 3,244 1,829 841 714 424 856 Total $ 29,413 $ 29,099 $ 30,971 $ 32,590 $ 33,384 Key metrics September 30, 2010 Owned real estate (b) $ Net operating income (annualized) Net operating income yield (c) $ End of period vacancies (d) Foreclosed properties (f) 25,549 June 30, 2010 $ 1,384 $ 5.5 % 21.0 % $ 707 March 31, 2010 25,127 $ 1,463 $ 5.6 % 20.7 % $ 714 26,915 December 31, 2009 $ 1,488 $ 5.4 % 20.6 % $ 718 28,365 September 30, 2009 $ 1,628 $ 5.7 % 20.6 % $ 779 29,005 1,621 5.6 % 20.7 % $ 729 (a) Includes real estate investments related to Real Estate only. (b) Excludes joint ventures, equity investment securities, and foreclosed properties. (c) Net operating income yield is calculated as annualized net operating income for the relevant quarter as a percentage of the average owned real estate. (d) Excludes hotel properties, apartment buildings and parking facilities. (e) Includes foreclosed properties based on date of foreclosure. (f) Excludes foreclosed properties related to loans acquired at a discount with an expectation to foreclose. 22 GE Capital - equipment leased to others (ELTO), net of depreciation and amortization overview (a) (In millions) September 30, 2010 Collateral type CLL Aircraft Vehicles Railroad rolling stock Construction and manufacturing Marine shipping containers All other $ Total at September 30, 2010 $ March 31, 2010 Collateral type GECAS 3,469 8,783 3,008 1,402 1,893 1,125 $ 19,680 $ CLL EFS 30,842 - $ 30,842 $ GECAS Total Consumer 1,198 $ 1,198 $ EFS - $ 6 2 6 14 $ CLL 34,311 8,789 3,008 1,404 1,893 2,329 Aircraft Vehicles Railroad rolling stock Construction and manufacturing Marine shipping containers All other $ 51,734 Total at June 30, 2010 $ Total Consumer June 30, 2010 Collateral type December 31, 2009 Collateral type GECAS 3,025 9,128 3,073 1,549 1,839 1,073 $ 19,687 $ CLL EFS 30,818 - $ 30,818 $ GECAS Consumer 1,217 $ - 1,217 $ Total $ 33,843 9,135 3,073 1,549 1,840 2,298 $ 51,738 7 1 8 EFS 16 Consumer Total Aircraft Vehicles Railroad rolling stock Construction and manufacturing Marine shipping containers All other $ 3,179 10,256 2,870 1,687 1,801 979 $ 30,207 - $ 1,232 $ 10 1 2 14 $ 33,386 10,266 2,870 1,688 1,803 2,225 Aircraft Vehicles Railroad rolling stock Construction and manufacturing Marine shipping containers All other $ 3,246 11,509 2,887 1,696 1,892 985 $ 29,737 - $ 952 $ 10 1 2 15 $ 32,983 11,519 2,887 1,697 1,894 1,952 Total at March 31, 2010 $ 20,772 $ 30,207 $ 1,232 $ 27 $ 52,238 Total at December 31, 2009 $ 22,215 $ 29,737 $ 952 $ 28 $ 52,932 September 30, 2009 Collateral type CLL GECAS EFS Total Consumer Aircraft Vehicles Railroad rolling stock Construction and manufacturing Marine shipping containers All other $ 3,245 12,762 2,903 1,813 1,890 1,235 $ 30,287 - $ 793 $ 12 1 3 15 $ 33,532 12,774 2,903 1,814 1,893 2,043 Total at September 30, 2009 $ 23,848 $ 30,287 $ 793 $ 31 $ 54,959 (a) During the first quarter of 2010, we transferred the Transportation Financial Services business from GECAS to CLL. Prior-period amounts were reclassified to conform to current-period's presentation. 23 GE Capital - commercial aircraft asset details (a) Collateral type (In millions) September 30, 2010 June 30, 2010 Loans and leases March 31, 2010 December 31, 2009 September 30, 2009 Narrow-body aircraft Wide-body aircraft Cargo Regional jets Engines $ 23,083 8,249 3,855 5,322 2,441 $ 23,040 7,763 4,211 5,521 2,509 $ 22,692 9,044 2,899 5,601 2,467 $ 22,882 8,532 3,030 5,931 2,480 $ 22,927 8,710 2,991 6,023 2,385 Total $ 42,950 $ 43,044 $ 42,703 $ 42,855 $ 43,036 Airline regions (In millions) September 30, 2010 June 30, 2010 Loans and leases March 31, 2010 December 31, 2009 September 30, 2009 U.S. Europe Pacific Basin Americas Other $ 14,659 9,290 7,791 5,258 5,952 $ 14,456 9,527 7,769 5,814 5,478 $ 14,321 9,552 7,657 5,882 5,291 $ 14,700 9,642 6,481 6,099 5,933 $ 14,514 9,858 7,554 5,708 5,402 Total $ 42,950 $ 43,044 $ 42,703 $ 42,855 $ 43,036 Aircraft vintage profile (In millions) September 30, 2010 0-5 years 6-10 years 11 - 15 years 15+ years Total (b) 16,390 14,574 5,230 4,315 $ 40,509 (a) Includes loans and financing leases of $12,227 million, $12,337 million, $12,615 million, $13,254 million and $12,926 million (less non-aircraft loans and financing leases of $119 million, $111 million, $119 million, $136 million and $178 million) and ELTO of $30,842 million, $30,818 million, $30,207 million, $29,737 million and $30,287 million, at September 30, 2010, June 30, 2010, March 31, 2010, December 31, 2009 and September 30, 2009, respectively, related to commercial aircraft at GECAS. (b) Excludes aircraft engine loans and leases of $2441 million at September 30, 2010. 24 GE Capital other key areas 25 GE Capital - investment securities (In millions) Debt U.S. corporate State and municipal Residential mortgage-backed (a) Commercial mortgage-backed Asset-backed Corporate - non-U.S. Government - non-U.S. U.S. government and federal agency Amortized cost $ Retained interests (b) Equity Available-for-sale Trading Total (In millions) Debt U.S. corporate State and municipal Residential mortgage-backed Commercial mortgage-backed Asset-backed Corporate - non-U.S. Government - non-U.S. U.S. government and federal agency $ 4,287 865 2,311 1,512 2,807 1,657 2,000 2,343 $ 82 11 22 27 53 33 16 5 $ (67) (162) (417) (131) (230) (72) (48) - Estimated fair value $ 4,302 714 1,916 1,408 2,630 1,618 1,968 2,348 Amortized cost $ $ Equity $ 5,215 887 2,999 1,599 2,468 994 2,461 1,865 At December 31, 2009 Gross Gross unrealized unrealized losses gains $ 83 3 21 5 29 18 15 - $ (236) (216) (722) (302) (298) (26) (25) - Estimated fair value $ 5,062 674 2,298 1,302 2,199 986 2,451 1,865 56 10 (25) 41 8,479 392 (40) 8,831 958 458 171 - (26) - 1,103 458 897 720 227 - (3) - 1,121 720 19,254 $ 430 $ (1,178) $ 18,506 $ At September 30, 2010 - In loss position for Less than 12 months 12 months or more Gross Gross unrealized unrealized Estimated Estimated losses losses fair value fair value Retained interests Total At September 30, 2010 Gross Gross unrealized unrealized losses gains 26 100 30 24 71 281 663 - $ (1) (7) (2) (1) (16) (28) (3) - $ 894 394 1,119 668 931 632 135 - $ (66) (155) (415) (130) (214) (44) (45) - 28,584 $ 793 $ (1,868) $ 27,509 At December 31, 2009 - In loss position for Less than 12 months 12 months or more Gross Gross unrealized unrealized Estimated Estimated losses losses fair value fair value $ 611 237 74 68 310 370 - $ (20) (120) (4) (7) (14) (3) - $ 1,365 421 1,561 1,015 1,312 346 195 - $ (216) (96) (718) (302) (291) (12) (22) - - - 14 (25) 208 (16) 27 (24) 162 (25) 5 (1) 23 (1) 8 (2) 1,357 $ (83) $ 4,792 $ (1,095) $ 1,901 $ (185) $ 6,250 $ (1,683) (a) Substantially collateralized by U.S. mortgages. (b) Included $1,918 million of retained interests at December 31, 2009 accounted for at fair value in accordance with ASC 815, Derivatives and Hedging. Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. 26 GE Capital - investments measured at fair value in earnings (a) Asset balances at September 30, 2010 Investment type (In millions) Equities - trading $ December 31, 2009 458 $ 720 Net earnings impact for nine months ending September 30, 2010 $ 37 - 1,939 - 3,142 3,708 (92) Assets of businesses held for sale (LOCOM) 786 125 (45) Investment companies 385 477 4 Retained interests Assets held for sale (LOCOM) Total $ 4,771 $ 6,969 $ (96) (a) Excludes derivatives portfolio. 27 GE Capital - ending net investment (ENI) September 30, 2010 (In billions) GECC total assets $ Less: assets of discontinued operations Less: non-interest bearing liabilities GE Capital ENI $ Less: cash and equivalents GE Capital ENI, excluding cash and equivalents 596.1 June 30, 2010 $ $ 618.2 January 1, 2010 (a) $ 653.6 December 31, 2009 $ 622.7 (1.3) (1.2) (1.0) (1.5) (1.5) (40.0) (39.8) (42.0) (42.2) (48.1) 554.8 $ (65.4) $ 589.2 March 31, 2010 489.4 548.2 $ (61.2) $ 487.0 575.2 $ (59.6) $ 515.6 609.9 $ (63.9) $ 546.0 573.1 (63.7) $ 509.4 (a) Includes impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. 28 GECC - ratios Leverage ratio (In billions) Debt Equity (a) September 30, 2010 $ Leverage ratio Debt Less: hybrid debt Less: cash and equivalents Adjusted debt 481.4 70.5 June 30, 2010 $ 476.6 69.8 6.8:1 $ 481.4 (7.7) (65.4) 408.3 March 31, 2010 $ 6.8:1 $ 476.6 (7.7) (61.2) 407.7 January 1, 2010 501.7 71.7 $ 7.0:1 $ 501.7 (7.7) (59.6) 434.4 December 31, 2009 535.7 72.2 $ 497.5 73.7 7.4:1 $ 535.7 (7.7) (63.7) 464.2 September 30, 2009 $ 6.7:1 $ 497.5 (7.7) (63.7) 426.0 505.1 73.2 6.9:1 $ 505.1 (7.7) (56.3) 441.1 Equity (a) Add: hybrid debt Adjusted equity 70.5 7.7 78.2 69.8 7.7 77.5 71.7 7.7 79.4 72.2 7.7 79.9 73.7 7.7 81.4 73.2 7.7 80.9 Adjusted leverage ratio 5.2:1 5.3:1 5.5:1 5.8:1 5.2:1 5.5:1 Tangible common equity to tangible assets ratio (In billions) September 30, 2010 June 30, 2010 March 31, 2010 January 1, 2010 December 31, 2009 September 30, 2009 Total equity (a) Less: Goodwill and other intangibles $ 70.5 (30.1) $ 69.8 (29.5) $ 71.7 (31.3) $ 72.2 (32.0) $ 73.7 (32.0) $ 73.2 (31.6) Tangible common equity $ 40.4 $ 40.3 $ 40.4 $ 40.2 $ 41.7 $ 41.6 Total assets Less: Goodwill and other intangibles $ 596.1 (30.1) $ 589.2 (29.5) $ 618.2 (31.3) $ 653.6 (32.0) $ 622.7 (32.0) $ 630.2 (31.6) Tangible assets $ 566.0 $ 559.7 $ 587.0 $ 621.7 $ 590.7 $ 598.7 Tangible common equity to tangible assets 7.1 % 7.2 % 6.9 % 6.5 % 7.1 % 7.0 Tier 1 common ratio (b) 8.2 % 8.1 % 7.8 % 7.5 % 7.6 % 7.5 (a) Equity represents amounts available to GECC shareholders, excluding noncontrolling interests. (b) Estimated based on SCAP requirements. 29 GECS supplemental information 30 GECS - assets by region (a), (b) At (In millions) September 30, 2010 Property, plant and equipment (net) Financing receivables (net) 155,659 $ U.S. Europe Western (including U.K.) Eastern Pacific Basin Americas (excluding U.S.) Other $ Total $ 331,343 $ 53,690 $ 623,440 Total at June 30, 2010 $ 333,262 $ 53,690 $ 616,713 Total at March 31, 2010 $ 356,185 $ 55,926 $ 645,108 Total at December 31, 2009 $ 336,926 $ 56,717 $ 648,771 Total at September 30, 2009 $ 348,518 $ 58,712 $ 656,781 80,697 18,697 31,293 30,920 14,077 10,664 Total assets $ 329,180 $ 110,669 31,000 54,490 44,672 53,429 5,723 308 2,776 1,444 32,775 June 30, 2010 March 31, 2010 December 31, 2009 September 30, 2009 Total assets Total assets Total assets Total assets 332,193 $ 106,024 27,515 52,749 44,797 53,435 $ 616,713 339,862 $ 118,749 30,616 57,670 44,167 54,044 $ 645,108 329,622 $ 130,845 31,499 60,233 42,333 54,239 $ 648,771 328,662 136,119 32,044 62,986 42,921 54,049 $ 656,781 (a) Excludes assets of discontinued operations. (b) Prior period amounts have been reclassified to conform to current-period's presentation. 31 GECS - investment securities (In millions) Debt U.S. corporate State and municipal Residential mortgage-backed (a) Commercial mortgage-backed Asset-backed Corporate - non-U.S. Government - non-U.S. U.S. government and federal agency Amortized cost $ Retained interests (b) Equity Available-for-sale Trading Total (In millions) Debt U.S. corporate State and municipal Residential mortgage-backed Commercial mortgage-backed Asset-backed Corporate - non-U.S. Government - non-U.S. U.S. government and federal agency $ 22,194 2,960 3,335 2,834 3,360 2,369 2,482 3,086 $ 2,357 185 138 193 99 91 101 73 $ Estimated fair value (199) (176) (460) (182) (233) (82) (48) (9) $ 24,352 2,969 3,013 2,845 3,226 2,378 2,535 3,150 $ Equity $ At December 31, 2009 Gross Gross unrealized unrealized losses gains Amortized cost $ 22,778 2,638 4,005 3,053 2,994 1,831 2,902 2,628 $ 973 42 79 89 48 59 63 46 $ (724) (278) (766) (440) (305) (50) (29) - Estimated fair value $ 23,027 2,402 3,318 2,702 2,737 1,840 2,936 2,674 56 10 (25) 41 8,479 392 (40) 8,831 550 458 183 - (26) - 707 458 489 720 242 - (5) - 726 720 43,684 $ 3,430 $ (1,440) $ 45,674 $ At September 30, 2010 - In loss position for Less than 12 months 12 months or more Gross Gross unrealized unrealized Estimated Estimated losses losses fair value fair value Retained interests Total At September 30, 2010 Gross Gross unrealized unrealized losses gains 216 165 32 25 81 333 682 272 $ (7) (11) (2) (1) (16) (30) (3) (9) $ 2,324 548 1,353 784 944 722 137 - $ (192) (165) (458) (181) (217) (52) (45) - 52,517 $ 2,033 $ (2,637) $ 51,913 At December, 31 2009 - In loss position for Less than 12 months 12 months or more Gross Gross unrealized unrealized Estimated Estimated losses losses fair value fair value $ 2,818 920 118 167 126 374 399 - $ (78) (139) (14) (5) (11) (18) (4) - $ 4,801 614 1,678 1,293 1,342 481 224 - $ (646) (139) (752) (435) (294) (32) (25) - - - 14 (25) 208 (16) 27 (24) 169 (25) 5 (1) 92 (2) 10 (3) 1,975 $ (104) $ 6,831 $ (1,336) $ 5,222 $ (287) $ 10,470 $ (2,350) (a) Substantially collateralized by U.S. mortgages. (b) Includes $1,918 million of retained interests at December 31, 2009 accounted for at fair value in accordance with ASC 815, Derivatives and Hedging. Change from December 31, 2009, reflects the impact of adoption of ASU 2009-17, amendments to ASC 810, Consolidation. 32 GECS - funding (In billions) September 30, 2010 June 30, 2010 March 31, 2010 December 31, 2009 September 30, 2009 Commercial paper Long-term debt (a) Deposits/brokered CD's Alternate funding / other Non-recourse borrowings of consolidated securitization entities $ 41.3 347.5 41.9 25.2 30.5 $ 46.0 339.9 37.5 24.9 33.4 $ 46.0 358.7 38.3 26.8 36.8 $ 47.3 384.4 38.9 25.8 3.9 $ 50.0 393.7 36.8 23.5 4.4 Total debt $ 486.5 $ 481.7 $ 506.6 $ 500.3 $ 508.4 $ 52.1 $ 51.7 $ 51.6 $ 51.7 $ 52.3 Metrics Bank lines Commercial paper coverage (b) 126.2 % 112.4 % 112.0 % 109.0 % 104.6 % Cash and equivalents $ 66.0 $ 61.5 $ 60.0 $ 64.4 $ 56.9 LT debt < 1 year $ 62.8 $ 63.0 $ 64.6 $ 70.2 $ 68.9 (a) Includes $55 billion, $58 billion, $59 billion, $59 billion and $55 billion of long term debt issued under the TLGP program at September 30, 2010, June 30, 2010, March 31, 2010, December 31, 2009 and September 30, 2009, respectively. (b) Commercial paper coverage represents bank lines as a percentage of the commercial paper balance as of the end of the relevant period. 33 GECS - ratios Leverage ratio (In billions) Debt Equity (a) September 30, 2010 $ 486.5 66.9 Leverage ratio Debt Less: hybrid debt Less: cash and equivalents Adjusted debt June 30, 2010 $ 481.7 67.3 7.3:1 $ 486.5 (7.7) (66.0) 412.7 March 31, 2010 $ 7.2:1 $ 481.7 (7.7) (61.5) 412.4 January 1, 2010 506.6 68.5 $ 7.4:1 $ 506.6 (7.7) (60.0) 438.9 December 31, 2009 538.5 68.9 $ 500.3 70.8 7.8:1 $ 538.5 (7.7) (64.4) 466.4 September 30, 2009 $ 508.4 70.7 7.1:1 $ 500.3 (7.7) (64.4) 428.3 7.2:1 $ 508.4 (7.7) (56.9) 443.7 Equity (a) Add: hybrid debt Adjusted equity 66.9 7.7 74.6 67.3 7.7 75.0 68.5 7.7 76.2 68.9 7.7 76.6 70.8 7.7 78.6 70.7 7.7 78.4 Adjusted leverage ratio 5.5:1 5.5:1 5.8:1 6.1:1 5.5:1 5.7:1 Tangible common equity to tangible assets ratio (In billions) September 30, 2010 June 30, 2010 March 31, 2010 January 1, 2010 December 31, 2009 September 30, 2009 Total equity (a) Less: Goodwill and other intangibles $ 66.9 (30.1) $ 67.3 (29.9) $ 68.5 (31.7) $ 68.9 (32.4) $ 70.8 (32.4) $ 70.7 (32.0) Tangible common equity $ 36.7 $ 37.3 $ 36.8 $ 36.5 $ 38.4 $ 38.6 Total assets Less: Goodwill and other intangibles $ 624.7 (30.1) $ 617.9 (29.9) $ 646.1 (31.7) $ 680.8 (32.4) $ 650.2 (32.4) $ 658.3 (32.0) Tangible assets $ 594.6 $ 588.0 $ 614.4 $ 648.4 $ 617.8 $ 626.3 Tangible common equity to tangible assets 6.2 % 6.3 % 6.0 % 5.6 % 6.2 % 6.2 Tier 1 common ratio (b) 7.3 % 7.1 % 6.8 % 6.6 % 6.6 % 6.5 (a) Equity represents amounts available to GECS shareholders, excluding noncontrolling interests. (b) Estimated based on SCAP requirements. 34 Appendix 35 Glossary Term Definition Borrowing Financial liability (short or long-term) that obligates us to repay cash or another financial asset to another entity. Cash equivalents Highly liquid debt instruments with original maturities of three months or less, such as commercial paper. Typically included with cash for reporting purposes, unless designated as available-for-sale and included with investment securities. Cash flow hedges Qualifying derivative instruments that we use to protect ourselves against exposure to variability in future cash flows. The exposure may be associated with an existing asset or liability, or with a forecasted transaction. See "Hedge." Commercial paper Unsecured, unregistered promise to repay borrowed funds in a specified period ranging from overnight to 270 days. Derivative instrument A financial instrument or contract with another party (counterparty) that is designed to meet any of a variety of risk management objectives, including those related to fluctuations in interest rates, currency exchange rates or commodity prices. Options, forwards and swaps are the most common derivative instruments we employ. See "Hedge." Discontinued operations Certain businesses we have sold or committed to sell within the next year and therefore will no longer be part of our ongoing operations. The net earnings, assets and liabilities, and cash flows of such businesses are separately classified on our Statement of Earnings and Statement of Financial Position for all periods presented. Ending Net Investment (ENI) The total capital we have invested in the financial services business. It is the sum of short-term borrowings, long-term borrowings and equity (excluding noncontrolling interests) adjusted for unrealized gains and losses on investment securities and hedging instruments. Alternatively, it is the amount of assets of continuing operations less the amount of non-interest bearing liabilities. Equipment leased to others Rental equipment we own that is available to rent and is stated at cost less accumulated depreciation. Fair value hedge Qualifying derivative instruments that we use to reduce the risk of changes in the fair value of assets, liabilities or certain types of firm commitments. Changes in the fair values of derivative instruments that are designated and effective as fair value hedges are recorded in earnings, but are offset by corresponding changes in the fair values of the hedged items. See "Hedge." Financing receivables Investment in contractual loans and financing leases due from customers (not investment securities). Goodwill The premium paid for acquisition of a business. Calculated as the purchase price less the fair value of net assets acquired (net assets are identified tangible and intangible assets, less liabilities assumed). Hedge A technique designed to eliminate risk. Often refers to the use of derivative financial instruments to offset changes in interest rates, currency exchange rates or commodity prices, although many business positions are "naturally hedged" - for example, funding a U.S. fixed-rate investment with U.S. fixed-rate borrowings is a natural interest rate hedge. 36 Glossary Term Definition Intangible asset A non-financial asset lacking physical substance, such as goodwill, patents, licenses, trademarks and customer relationships. Interest rate swap Agreement under which two counterparties agree to exchange one type of interest rate cash flow for another. In a typical arrangement, one party periodically will pay a fixed amount of interest, in exchange for which that party will receive variable payments computed using a published index. See "Hedge." Investment securities Generally, an instrument that provides an ownership position in a corporation (a stock), a creditor relationship with a corporation or governmental body (a bond), rights to contractual cash flows backed by pools of financial assets or rights to ownership such as those represented by options, subscription rights and subscription warrants. Managed receivables Total receivable amounts on which we continue to perform billing and collection activities, including receivables that have been sold with and without credit recourse and are no longer reported on our Statement of Financial Position. Net operating income Represents operating income less operating expenses for owned real estate properties. Retained interest A portion of a transferred financial asset retained by the transferor that provides rights to receive portions of the cash inflows from that asset. Securitization A process whereby loans or other receivables are packaged, underwritten and sold to investors. In a typical transaction, assets are sold to a special purpose entity, which purchases the assets with cash raised through issuance of beneficial interests (usually debt instruments) to third-party investors. Whether or not credit risk associated with the securitized assets is retained by the seller depends on the structure of the securitization. See "Variable interest entity." Variable interest entity (VIE) Entity defined by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 810 (FASB Interpretation 46 (Revised)), and that must be consolidated by its primary beneficiary. A variable interest entity has one or both of the following characteristics: (1) its equity at risk is not sufficient to permit the entity to finance its activities without additional subordinated financial support from other parties, or (2) as a group, the equity investors lack one or more of the following characteristics: (a) direct/indirect ability to make decisions, (b) obligation to absorb expected losses, or (c) right to receive expected residual returns. 37