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88 GE 2013 ANNUAL REPORT
    
In the second quarter of 2011, we entered into an agreement
to sell our Australian Home Lending operations and classifi ed it as
discontinued operations. As a result, we recognized an after-tax
loss of $148 million in 2011. We completed the sale in the third
quarter of 2011 for proceeds of approximately $4,577 million.
Australian Home Lending revenues and other income (loss) from
discontinued operations were an insignifi cant amount, $4 million
and $250 million in 2013, 2012 and 2011, respectively. Australian
Home Lending earnings (loss) from discontinued operations, net
of taxes, were $14 million, $6 million and $(65) million in 2013,
2012 and 2011, respectively.
In the fi rst quarter of 2011, we entered into an agreement
to sell our Consumer Singapore business for $692 million. The
sale was completed in the second quarter of 2011. Consumer
Singapore revenues and other income (loss) from discontinued
operations were $1 million, an insignifi cant amount and $30 mil-
lion in 2013, 2012 and 2011, respectively. Consumer Singapore
earnings (loss) from discontinued operations, net of taxes, were
$1 million, $2 million and $333 million (including a $319 million
gain on disposal) in 2013, 2012 and 2011, respectively.
The Consumer RV Marine and Consumer Mexico disposi-
tions were completed during the fi rst quarter and the second
quarter of 2011, respectively, for proceeds of $2,365 million
and $1,943 million, respectively. Consumer RV Marine revenues
and other income (loss) from discontinued operations were an
insignifi cant amount, $1 million and $11 million in 2013, 2012
and 2011, respectively. Consumer RV Marine earnings (loss)
from discontinued operations, net of taxes, were $(1) million,
an insignifi cant amount and $2 million in 2013, 2012 and 2011,
respectively. Consumer Mexico revenues and other income (loss)
from discontinued operations were an insignifi cant amount,
$2 million and $67 million in 2013, 2012 and 2011, respectively.
Consumer Mexico earnings (loss) from discontinued operations,
net of taxes, were $(11) million, $(12) million and $30 million in
2013, 2012 and 2011, respectively.
GE INDUSTRIAL
GE industrial earnings (loss) from discontinued operations, net
of taxes, were $(66) million, $147 million and $(1) million in 2013,
2012 and 2011, respectively. During the fourth quarter of 2013,
we recorded an increase to our tax reserve related to Spanish
taxes for the years prior to our 2007 disposition of our Plastics
business. During the third quarter of 2012, we resolved with
the Internal Revenue Service the tax treatment of the 2007
disposition of our Plastics business, resulting in a tax benefi t of
$148 million. The sum of GE industrial earnings (loss) from dis-
continued operations, net of taxes, and GECC earnings (loss) from
discontinued operations, net of taxes, is reported as GE industrial
earnings (loss) from discontinued operations, net of taxes, on the
Statement of Earnings.