GE 2014 Annual Report Download - page 173

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GE 2014 FORM 10-K 153
FINANCIAL STATEMENTS HELD FOR SALE & DISCONTINUED OPERATIONS
OTHER FINANCIAL SERVICES
During the fourth quarter of 2013, we announced the planned disposition of Consumer Russia and classified the business as
discontinued operations. We completed the sale in the first quarter of 2014 for proceeds of $232 million.
FINANCIAL INFORMATION FOR CONSUMER RUSSIA
(In millions) 2014 2013 2012
Total revenues and other income (loss) $ 24 $ 260 $ 276
Gain (loss) on disposal, net of taxes $ 4 $ (170) $ -
Earnings (loss) from discontinued operations, net of taxes $ (2) $ (193) $ 33
During the first quarter of 2013, we announced the planned disposition of CLL Trailer Services and classified the business as
discontinued operations. We completed the sale in the fourth quarter of 2013 for proceeds of $528 million.
FINANCIAL INFORMATION FOR CLL TRAILER SERVICES
(In millions) 2014 2013 2012
Total revenues and other income (loss) $ 1 $ 271 $ 399
Gain (loss) on disposal, net of taxes $ 12 $ 18 $ -
Earnings (loss) from discontinued operations, net of taxes $ 37 $ (2) $ 22
During the first quarter of 2012, we announced the planned disposition of Consumer Ireland and classified the business as
discontinued operations. We completed the sale in the third quarter of 2012 for proceeds of $227 million.
FINANCIAL INFORMATION FOR CONSUMER IRELAND
(In millions) 2014 2013 2012
Total revenues and other income (loss) $ - $ - $ 7
Gain (loss) on disposal, net of taxes $ 1 $ 6 $ (121)
Earnings (loss) from discontinued operations, net of taxes $ 1 $ 6 $ (195)
GE INDUSTRIAL
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 benefit of $148 million. The sum of GE
industrial earnings (loss) from discontinued 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.
FINANCIAL INFORMATION FOR GE INDUSTRIAL
(In millions) 2014 2013 2012
Earnings (loss) from discontinued operations, net of taxes $ (5) $ (66) $ 147