GE 2013 Annual Report Download - page 122

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120 GE 2013 ANNUAL REPORT
    
Note 19.
Supplemental Cost Information
We funded research and development expenditures of
$4,750 million in 2013, $4,520 million in 2012 and $4,601 million
in 2011. Research and development costs are classifi ed in cost
of goods sold in the Statement of Earnings. In addition, research
and development funding from customers, principally the U.S.
government, totaled $711 million, $680 million and $788 million in
2013, 2012 and 2011, respectively.
Consolidated other costs and expenses totaled $35,143 mil-
lion, $35,897 million and $36,841 million in 2013, 2012 and 2011,
respectively, and comprised selling, general and administrative
costs (SG&A), depreciation and amortization and other operat-
ing costs. GE’s SG&A totaled $16,105 million, $17,671 million
and $17,554 million in 2013, 2012 and 2011, respectively. GECC’s
operating and administrative expenses totaled $12,463 mil-
lion, $12,023 million and $13,009 million in 2013, 2012 and
2011, respectively, and depreciation and amortization totaled
$7,313 million, $6,901 million and $6,918 million in 2013, 2012 and
2011, respectively.
Our businesses enter into collaborative arrangements pri-
marily with manufacturers and suppliers of components used to
build and maintain certain engines, under which GE and these
participants share in risks and rewards of these product pro-
grams. Under these arrangements, participation fees earned and
recorded as other income totaled $44 million, $36 million and
$12 million in 2013, 2012 and 2011, respectively. GE’s payments
to participants are recorded as cost of services sold ($820 million,
$594 million and $612 million in 2013, 2012 and 2011, respec-
tively) or as cost of goods sold ($2,613 million, $2,507 million and
$1,996 million in 2013, 2012 and 2011, respectively).
Rental expense under operating leases is shown below.
(In millions) 2013 2012 2011
GE $ 1,220 $ 1,134 $ 958
GECC 428 539 592
1,648 1,673 1,550
ELIMINATIONS (135) (142) (165)
Total $ 1,513 $ 1,531 $ 1,385
At December 31, 2013, minimum rental commitments under
noncancellable operating leases aggregated $3,087 million and
$1,427 million for GE and GECC, respectively. Amounts payable
over the next fi ve years follow.
(In millions) 2014 2015 2016 2017 2018
GE $ 660 $ 581 $ 523 $ 440 $ 354
GECC 253 213 185 153 113
913 794 708 593 467
ELIMINATIONS (59) (42) (34) (24) (16)
Total $ 854 $ 752 $ 674 $ 569 $ 451