GE 2010 Annual Report Download - page 130

128 GE 2010 ANNUAL REPORT
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regional sports networks, certain digital properties and certain
unconsolidated investments to a newly formed entity, NBCU LLC.
In connection with the transaction, we received cash of $6,197 mil-
lion from Comcast and a 49% interest in NBCU LLC. Comcast holds
the remaining 51% interest in NBCU LLC. We will account for our
investment in NBCU LLC under the equity method.
GE Capital
CLL products include loans, leases and other financial services
to customers, includ ing manufacturers, distributors and end-
users for a variety of equipment and major capital assets. These
assets include indus trial-related facilities and equipment; vehi-
cles; corporate aircraft; and equipment used in many industries,
including the construction, manufacturing, transportation, media,
communications, entertainment and healthcare industries.
Consumer offers a range of financial products including private-
label credit cards; personal loans; bank cards; auto loans and leases;
mortgages; debt consolidation; home equity loans; deposits and
other savings products; and small and medium enterprise lending
on a global basis.
Real Estate offers a comprehensive range of capital and
investment solutions and finances, with both equity and loan
structures, the acquisition, refinancing and renovation of office
buildings, apartment buildings, retail facilities, hotels, parking
facilities and industrial properties.
Energy Financial Services offers financial products to the
global energy and water industries including structured equity,
debt, leasing, partnership financing, product finance, and broad-
based commercial finance.
GECAS provides financial products to airlines, aircraft opera-
tors, owners, lend ers and investors, including leases, and secured
loans on commercial passenger aircraft, freighters and regional
jets; engine leasing and financing services; aircraft parts solu-
tions; and airport equity and debt financing.
Home & Business Solutions
Products include major appliances and related services for prod-
ucts such as refrigerators, freezers, electric and gas ranges,
cooktops, dishwashers, clothes washers and dryers, microwave
ovens, room air conditioners, residential water systems for filtra-
tion, softening and heating, and hybrid water heaters. These
products are distributed both to retail outlets and direct to con-
sumers, mainly for the replacement market, and to building
contractors and distributors for new installations. Lighting
products include a wide variety of lamps and lighting fixtures,
including light-emitting diodes. Plant automation hardware,
software and embedded computing systems including control-
lers, embedded systems, advanced software, motion control,
operator interfaces and industrial computers are also provided
by Home & Business Solutions. Products and services are sold in
North America and in global markets under various GE and private-
label brands.
Technology Infrastructure
Aviation products and services include jet engines, aerospace
systems and equipment, replacement parts and repair and
maintenance services for all categories of commercial aircraft;
for a wide variety of military aircraft, includ ing fighters, bombers,
tankers and helicopters; for marine appli cations; and for executive
and regional aircraft. Products and services are sold worldwide to
airframe manufacturers, airlines and government agencies.
Healthcare products include diagnostic imaging systems such
as Magnetic Resonance (MR), Computed Tomography (CT) and
Positron Emission Tomography (PET) scanners, X-ray, nuclear
imaging, digital mammography, and Molecular Imaging technolo-
gies. Healthcare-manufactured technologies include patient and
resident monitoring, diagnostic cardiology, ultrasound, bone
densitometry, anesthesiology and oxygen therapy, and neonatal
and critical care devices. Related services include equipment
monitoring and repair, information technologies and customer
productivity services. Products also include diagnostic imaging
agents used in medical scanning procedures, drug discovery,
biopharmaceutical manufacturing and purification, and tools for
pro tein and cellular analysis for pharmaceutical and academic
research, including a pipeline of precision molecular diagnostics
in development for neurology, cardiology and oncology applica-
tions. Products and services are sold worldwide to hospitals,
medical facilities, pharmaceutical and biotechnology companies,
and to the life science research market.
Transportation products and maintenance services include
diesel electric locomotives, transit propulsion equipment, motor-
ized wheels for off-highway vehicles, gearing technology for wind
turbines, drill motors, marine and stationary power generation,
railway signaling and office systems.
Effective January 1, 2011, we reorganized the Technology
Infrastructure segment into three segments—Aviation,
Healthcare and Transportation. Results for 2010 and prior periods
are reported on the basis under which we managed our busi-
nesses in 2010 and do not reflect the January 1, 2011
reorganization.
NBC Universal
Principal businesses are the broadcast of U.S. network television,
production and distribution of films and television programs,
operation of television stations, operation of cable/satellite televi-
sion networks around the world, operation of theme parks, and
investment and programming activities in digital media and
the Internet.
Prior to September 2010, we owned 80% of NBCU and Vivendi
owned 20%. In September 2010, we acquired approximately
38% of Vivendi’s 20% ownership interest in NBCU (7.7% of NBCU’s
outstanding shares). Prior to and in connection with the transac-
tion with Comcast, we acquired the remaining Vivendi interest in
NBCU (12.3% of NBCU’s outstanding shares). On January 28, 2011,
we transferred the assets of the NBCU business and Comcast
transferred certain of its assets comprising cable networks,