GE 2014 Annual Report Download - page 89

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GE 2014 FORM 10-K 69
MD&A OTHER CONSOLIDATED INFORMATION
The effects of currency fluctuations on reported results were as follows:
x Decreased revenues by $0.5 billion in 2014, primarily driven by the Brazilian real ($0.2 billion), Canadian dollar ($0.1
billion) and Japanese yen ($0.1 billion).
x Decreased revenues by $0.3 billion in 2013, primarily driven by the Japanese yen ($0.3 billion) and Brazilian real ($0.2
billion), partially offset by the euro ($0.4 billion).
x Decreased revenues by $1.9 billion in 2012, primarily driven by the euro ($1.4 billion) and Brazilian real ($0.2 billion).
The effects of foreign currency fluctuations on earnings were minimal, with no single currency having a significant impact.
GECC NON-U.S. REVENUES
The decreases in GECC non-U.S. revenues in 2014 and 2013 were primarily a result of decreases in Asia and Europe,
respectively. Non-U.S. revenues as a percentage of total revenues were 39% in 2014, and 42% in both 2013 and 2012.
The effects of currency fluctuations on reported results were as follows:
x Decreased revenues by $0.3 billion in 2014, primarily driven by the Australian dollar ($0.1 billion), Japanese yen ($0.1
billion), and Canadian dollar ($0.1 billion).
x Decreased revenues by $0.2 billion in 2013, primarily driven by the Japanese yen ($0.2 billion).
x Decreased revenues by $0.7 billion in 2012, primarily driven by the euro ($0.3 billion), Polish zloty ($0.1 billion),
Hungarian forint ($0.1 billion) and Czech koruna ($0.1 billion).
The effects of foreign currency fluctuations on earnings were minimal, with no single currency having a significant impact.
ASSETS
We classify certain assets that cannot meaningfully be associated with specific geographic areas as “Other Global” for this
purpose.
TOTAL ASSETS (CONTINUING OPERATIONS)
December 31 (In billions) 2014 2013
U.S. $ 344.9 $ 325.4
Non-U.S.
Euro
p
e 180.0 195.1
Asia 45.7 51.8
Americas 28.2 32.9
Other Global 48.3 49.0
Total Non-U.S. 302.2 328.8
Total $ 647.1 $ 654.2
The decrease in total assets of non-U.S. operations on a continuing basis reflected declines in Europe, Asia and Americas due
to the strengthening of the U.S. dollar against most major currencies, primarily the euro, the pound sterling and the Japanese
yen and dispositions at various businesses.