GE 2015 Annual Report Download - page 203

FINANCIAL STATEMENTS INCOME TAXES
GE 2015 FORM 10-K 175
Aggregated deferred income tax amounts are summarized below.
December 31 (In millions) 2015 2014
Assets
GE $ 20,539 $ 19,942
GE Capital 4,643 8,048
25,182 27,990
Liabilities
GE (12,873) (11,170)
GE Capital (9,204) (10,638)
(22,077) (21,808)
Net deferred income tax asset (liability) $ 3,105 $ 6,183
COMPONENTS OF THE NET DEFERRED INCOME TAX ASSET (LIABILITY)
December 31 (In millions) 2015 2014
GE
Principal pension plans $ 8,051 $ 7,859
Other non-current compensation and benefits 4,133 3,427
Provision for expenses 2,827 2,765
Retiree insurance plans 2,122 3,462
Non-U.S. loss carryforwards(a) 1,940 738
Contract assets (5,143) (4,539)
Intangible assets (3,192) (2,364)
Depreciation (1,688) (1,226)
Investment in global subsidiaries (915) (979)
Other ± net (469) (371)
7,666 8,772
GE Capital
Operating leases (3,863) (3,763)
Financing leases (1,665) (1,899)
Intangible assets (103) (53)
Non-U.S. loss carryforwards(a) 2,262 2,974
Investment in global subsidiaries 5 2,060
Other ± net (1,197) (1,909)
(4,561) (2,590)
Net deferred income tax asset (liability) $ 3,105 $ 6,183
(a) Net of valuation allowances of $2,184 million and $2,015 million for GE and $109 million and $19 million for GE Capital, for 2015 and 2014,
respectively. Of the net deferred tax asset as of December 31, 2015, of $4,202 million, $10 million relates to net operating loss carryforwards
that expire in various years ending from December 31, 2016 through December 31, 2018; $472 million relates to net operating losses that
expire in various years ending from December 31, 2019 through December 31, 2035 and $3,720 million relates to net operating loss
carryforwards that may be carried forward indefinitely.
GE 2015 FORM 10-K 175