GE 2005 Annual Report Download - page 37

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(37)
Segment profit is determined based on internal performance measures used by the Chief Executive Officer
to assess the performance of each business in a given period. In connection with that assessment, the Chief
Executive Officer may exclude matters such as charges for restructuring; rationalization and other similar expenses;
in-process research and development and certain other acquisition-related charges and balances; technology
development costs; certain gains and losses from dispositions; and litigation settlements or other charges,
responsibility for which preceded the current management team.
Segment profit always excludes the effects of principal pension plans and results reported as discontinued
operations and accounting changes. Segment profit excludes or includes interest and other financial charges and
income taxes according to how a particular segment’ s management is measured-excluded in determining segment
profit, which we refer to as “operating profit,” for Healthcare, NBC Universal and the industrial businesses of the
Industrial and Infrastructure segments; included in determining segment profit, which we refer to as “net earnings,”
for Commercial Finance, Consumer Finance, and the financial services businesses of the Industrial segment
(Equipment Services) and the Infrastructure segment (Aviation Financial Services, Energy Financial Services and
Transportation Finance).