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62 GE 2009 ANNUAL REPORT
  
General Electric Company
and consolidated affiliates
At December 31 (In millions, except share amounts) 2009 2008
ASSETS
Cash and equivalents $ 72,260 $ 48,187
Investment securities (Note 3) 51,941 41,446
Current receivables (Note 4) 16,458 21,411
Inventories (Note 5) 11,987 13,674
Financing receivables — net (Note 6) 329,232 365,168
Other GECS receivables 14,177 13,439
Property, plant and equipment — net (Note 7) 69,212 78,530
Investment in GECS ——
Goodwill (Note 8) 65,574 81,759
Other intangible assets — net (Note 8) 11,929 14,977
All other assets (Note 9) 103,417 106,899
Assets of businesses held for sale (Note 2) 34,111 10,556
Assets of discontinued operations (Note 2) 1,520 1,723
Total assets $781,818 $797,769
LIABILITIES AND EQUITY
Short-term borrowings (Note 10) $133,054 $164,061
Accounts payable, principally trade accounts 19,703 20,819
Progress collections and price adjustments accrued 12,192 12,536
Dividends payable 1,141 3,340
Other GE current liabilities 13,386 18,220
Bank deposits (Note 10) 38,923 36,854
Long-term borrowings (Note 10) 338,215 322,847
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) 31,641 34,032
All other liabilities (Note 13) 58,861 64,796
Deferred income taxes (Note 14) 2,173 4,584
Liabilities of businesses held for sale (Note 2) 6,092 636
Liabilities of discontinued operations (Note 2) 1,301 1,432
Total liabilities 656,682 684,157
Preferred stock (30,000 shares outstanding at both year-end 2009 and 2008) ——
Common stock (10,663,075,000 and 10,536,897,000 shares outstanding at year-end 2009 and 2008, respectively) 702 702
Accumulated other comprehensive income — net (a)
Investment securities (435) (3,094)
Currency translation adjustments 3,836 (299)
Cash flow hedges (1,734) (3,332)
Benefit plans (16,932) (15,128)
Other capital 37,729 40,390
Retained earnings 126,363 122,123
Less common stock held in treasury (32,238) (36,697)
Total GE shareowners’ equity 117,291 104,665
Noncontrolling interests (b) 7,845 8,947
Total equity (Notes 15 and 16) 125,136 113,612
Total liabilities and equity $781,818 $797,769
(a) The sum of accumulated other comprehensive income — net was $(15,265) million and $(21,853) million at December 31, 2009 and 2008, respectively.
(b) Included accumulated other comprehensive income — net attributable to noncontrolling interests of $(188) million and $(194) million at December 31, 2009 and 2008, respectively.
See accompanying notes.
Statement of Financial Position