GE 2014 Annual Report Download - page 215

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GE 2014 FORM 10-K 195
FINANCIAL STATEMENTS SUPPLEMENTAL COST INFORMATION
CONSOLIDATED OTHER COSTS AND EXPENSES
Consolidated other costs and expenses consists of selling, general and administrative costs (SG&A), depreciation and
amortization and other operating costs.
CONSOLIDATED OTHER COSTS AND EXPENSES
(In millions) 2014 2013 2012
GE SG&A
$
14,971
$
16,105
$
17,671
GECC o
p
eratin
g
and administrative costs 13,053 12,463 12,023
GECC de
p
reciation and amortization 6,859 7,313 6,901
34
,
883 35
,
881 36
,
595
Eliminations (857) (738) (698)
Total
$
34,026
$
35,143
$
35,897
COLLABORATIVE ARRANGEMENTS
Our businesses enter into collaborative arrangements primarily 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 programs.
GE’s payments to participants are recorded as cost of services sold ($873 million, $820 million and $594 million for the years
2014, 2013 and 2012, respectively) or as cost of goods sold ($2,660 million, $2,613 million and $2,507 million for the years
2014, 2013 and 2012, respectively).
RENTAL EXPENSE
Rental expense under operating leases is shown below.
(In millions) 2014 2013 2012
GE $ 1,186 $ 1,220 $ 1,134
GECC 382 428 539
1
,
568 1
,
648 1
,
673
Eliminations (149) (135) (142)
Total $ 1,419 $ 1,513 $ 1,531
At December 31, 2014, minimum rental commitments under noncancellable operating leases aggregated $2,870 million and
$1,420 million for GE and GECC, respectively. Amounts payable over the next five years follow.
(In millions) 2015
2016
2017
2018
2019
GE
$
634
$
528
$
432
$
371
$
337
GECC 238 203 177 141 120
872 731 609 512 457
Eliminations (73) (44) (28) (20) (18)
Total
$
799
$
687
$
581
$
492
$
439