GE 2012 Annual Report Download - page 139

GE 2012 ANNUAL REPORT 137
notes to consolidated financial statements
Oil & Gas
Oil & Gas supplies mission critical equipment for the global oil and
gas industry, used in applications spanning the entire value chain
from drilling and completion through production, liquefied natu-
ral gas (LNG) and pipeline compression, pipeline inspection, and
including downstream processing in refineries and petrochemi-
cal plants. The business designs and manufactures surface and
subsea drilling and production systems, equipment for floating
production platforms, compressors, turbines, turboexpanders,
high pressure reactors, industrial power generation and a broad
portfolio of auxiliary equipment.
Energy Management
Energy Management is GE’s electrification business. Global
teams design leading technology solutions for the delivery, man-
agement, conversion and optimization of electrical power for
customers across multiple energy-intensive industries. GE has
invested in our Energy Management capabilities, with strategic
acquisitions and joint ventures that enable GE to increase its
offerings to the utility, industrial, renewables, oil and gas, marine,
metals and mining industries. Plant automation hardware, soft-
ware and embedded computing systems including controllers,
embedded systems, advanced software, motion control, opera-
tor interfaces and industrial computers are also provided by
Energy Management.
Aviation
Aviation products and services include jet engines, aerospace
systems and equipment, replacement parts and repair and main-
tenance services for all categories of commercial aircraft; for a
wide variety of military aircraft, includ ing fighters, bombers, tank-
ers 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
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
Transportation is a global technology leader and supplier to
the railroad, mining, marine and drilling industries. GE provides
freight and passenger locomotives, diesel engines for rail, marine
and stationary power applications, railway signaling and commu-
nications systems, underground mining equipment, motorized
drive systems for mining trucks, energy storage systems, infor-
mation technology solutions and high-quality replacement parts
and value added services.
Home & Business Solutions
Home & Business Solutions products include major appliances
and related services for products such as refrigerators, freezers,
electric and gas ranges, cooktops, dishwashers, clothes washers
and dryers, microwave ovens, room air conditioners, residential
water systems for filtration, softening and heating, and hybrid
water heaters. These products are distributed both to retail out-
lets and direct to consumers, 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. Products and services
are sold in North America and in global markets under various GE
and private label brands.
GE Capital
CLL has particular mid-market expertise and primarily offers col-
lateralized 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; vehicles; corporate
aircraft; and equipment used in many industries, including the
construction, manufacturing, transportation, media, communica-
tions, entertainment and healthcare industries.
Consumer offers a full range of financial products including
private label credit cards; personal loans; bank cards; auto loans
and leases; mortgages; debt consolidation; home equity loans;
deposit 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 and
industrial properties.
Energy Financial Services offers financial products to the
global energy industry including structured equity, debt, leas-
ing, 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.