GE 2015 Annual Report Download - page 191

FINANCIAL STATEMENTS CONTRACT ASSETS AND ALL OTHER ASSETS
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NOTE 9. CONTRACT ASSETS AND ALL OTHER ASSETS
December 31 (In millions) 2015 2014
GE
Contract assets $ 21,156 $ 16,960
Contract assets reflect revenues earned in excess of billings on our long-term contracts to construct technically complex equipment
(such as gas power systems and aircraft engines), long-term product maintenance or extended warranty arrangements and other
deferred contract related costs. Long-term product maintenance amounts are presented net of related billings in excess of revenues of
$2,602 million and $2,329 million at December 31, 2015 and 2014, respectively. Included in contract assets at December 31, 2015, is
$1,979 million related to the Alstom acquisition.
December 31 (In millions) 2015 2014
Investments
Associated companies $ 3,582 $ 3,384
Other 718 613
4,300 3,997
Long-term receivables, including notes 2,310 766
Derivative instruments 733 783
Other 5,937 2,175
13,281 7,722
GE Capital
Investments
Associated companies 8,373 8,651
Assets held for sale(a) 857 1,414
Time deposits(b) 10,386 -
Other 543 138
20,159 10,203
Derivative instruments 549 1,434
A
dvances to suppliers 1,809 1,372
Deferred borrowing costs 199 662
Other(c) 2,571 3,774
25,287 17,445
Eliminations (1,097) (331)
A
ll Other Assets $ 37,471 $ 24,836
(a) Assets were classified as held for sale on the date a decision was made to dispose of them through sale or other means. At December 31,
2015 and 2014, such assets consisted primarily of loans, aircraft and equipment, and were accounted for at the lower of carrying amount or
estimated fair value less costs to sell.
(b) Balances at December 31, 2015 included $10,386 million of high quality interest bearing deposits with European branches of global banks,
predominantly in the UK, that mature in April 2016.
(c) Balances at December 31, 2015 and 2014 included $6 million and $7 million, respectively of deferred acquisition cost that reflect adjustments
of $544 million and $624 million, respectively, to deferred acquisition costs in our run-off insurance operations to reflect the effects that would
have been recognized had the related unrealized investment securities holding gains and losses actually been realized.
GE 2015 FORM 10-K 163