GE 2014 Annual Report Download - page 113

GE 2014 FORM 10-K 93
MD&A OTHER ITEMS
RESEARCH AND DEVELOPMENT
(
In millions
)
2014 2013 2012
Total R&D
$
5,273
$
5,461
$
5,200
Less customer funded R&D (principall
y
the U.S. Government) (721) (711) (680)
Less partner funded R&D (319) (107) (6)
GE funded R&D
$
4,233
$
4,643
$
4,514
Aviation accounts for the largest share of GE’s research and development expenditures with funding from both GE and
external funds. Power & Water and Healthcare also made significant expenditures funded primarily by GE.
OTHER
We own, or hold licenses to use, numerous patents. New patents are continuously being obtained through our research and
development activities as existing patents expire. Patented inventions are used both within the Company and are licensed to
others.
GE is a trademark and service mark of General Electric Company.
Because of the diversity of our products and services, as well as the wide geographic dispersion of our production facilities, we
use numerous sources for the wide variety of raw materials needed for our operations. We have not been adversely affected
by the inability to obtain raw materials.
Sales of goods and services to agencies of the U.S. Government as a percentage of revenues follow.
2014 2013 2012
Total sales to U.S. Government agencies 3 % 3 % 3 %
Aviation segment defense-related sales 2 2
3