GE 2014 Annual Report Download - page 78

58 GE 2014 FORM 10-K
MD&A CORPORATE ITEMS AND ELIMINATIONS
GE CORPORATE ITEMS AND ELIMINATIONS
GE Corporate Items and Eliminations is a caption used in the segment table on page 31 to reconcile the aggregated results of
our segments to the consolidated results of the Company. As such, it includes corporate activities and the elimination of inter-
segment activities. Specifically, the GE Corporate Items and Eliminations amounts related to revenues and earnings include
the results of disposed businesses (such as NBCU LLC, which we sold in 2013), certain amounts not included in GE industrial
operating segment results because they are excluded from measurement of their operating performance for internal and
external purposes and the elimination of inter-segment activities. In addition, the GE Corporate Items and Eliminations
amounts related to earnings include certain costs of our principal retirement plans, restructuring and other costs reported in
corporate, and the unallocated portion of certain corporate costs (such as research and development spending and costs
related to our Global Growth & Operations organization).
REVENUES AND OPERATING PROFIT (COST)
(In millions) 2014 2013 2012
Revenues
NBCU LLC $ - $ 1,528 $ 1,615
Gains (losses) on disposed or held for sale businesses 91 453 186
Eliminations and other (4,129) (3,605) (3,292)
Total Corporate Items and Eliminations $ (4,038) $ (1,624) $ (1,491)
Operating profit (cost)
NBCU LLC $ - $ 1,528 $ 1,615
Gains (losses) on disposed or held for sale businesses 91 447 186
Principal retirement plans(a) (2,313) (3,222) (3,098)
Restructuring and other charges (1,788) (1,992) (732)
Eliminations and other (2,215) (2,763) (2,689)
Total Corporate Items and Eliminations $ (6,225) $ (6,002) $ (4,718)
CORPORATE COSTS
(In millions) 2014 2013 2012
Total Corporate Items and Eliminations $ (6,225) $ (6,002) $ (4,718)
Less non-operating pension cost (2,120) (2,624) (2,132)
Total Cor
p
orate costs
(
o
p
eratin
g)
* $ (4,105) $ (3,378) $ (2,586)
Less NBCU LLC, restructuring and other, and gains (1,697) (17) 1,069
Adjusted total Corporate costs (operating)* $ (2,408) $ (3,361) $ (3,655)
(a) Included non-operating pension income (cost) for our principal pension plans (non-GAAP) of $(2.1) billion, $(2.6) billion and $(2.1) billion in 2014, 2013 and 2012,
respectively, which includes expected return on plan assets, interest costs and non-cash amortization of actuarial gains and losses.
.
*Non-GAAP Financial Measure