GE 2015 Annual Report Download - page 93

MD&A CORPORATE ITEMS AND ELIMINATIONS
GE 2015 FORM 10-K 65
GE CORPORATE ITEMS AND ELIMINATIONS
GE Corporate Items and Eliminations is a caption used in the Segment Operation ʹSummary of Operating Segment table 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 Organization).
REVENUES AND OPERATING PROFIT (COST)
(In millions) 2015 201
4
2013
Revenues
Gains (losses) on disposed or held for sale businesses $ 1,047 $ 91 $ 453
NBCU settlement 450 - -
NBCU LLC - - 1,528
Eliminations and other (3,708) (3,954) (3,386)
Total Corporate Items and Eliminations $ (2,211) $ (3,863) $ (1,405)
Operating profit (cost)
Gains (losses) on disposed or held for sale businesses $ 1,047 $ 91 $ 447
NBCU settlement 450 - -
NBCU LLC - - 1,528
Principal retirement plans(a) (2,760) (2,313) (3,222)
Restructuring and other charges (1,734) (1,788) (1,992)
Eliminations and other (2,111) (2,215) (2,763)
Total Corporate Items and Eliminations $ (5,108) $ (6,225) $ (6,002)
CORPORATE COSTS
(In millions) 2015 201
4
2013
Total Corporate Items and Eliminations $ (5,108) $ (6,225) $ (6,002)
Less non-operating pension cost* (2,764) (2,120) (2,624)
Total Corporate costs (operating)* $ (2,344) $ (4,105) $ (3,378)
Less, NBCU LLC, restructuring and other charges, gains and NBCU settlement (237) (1,697) (17)
A
djusted Corporate costs (operating)* $ (2,107) $ (2,408) $ (3,361)
(a) Included non-operating pension cost* of $2.8 billion, $2.1 billion and $2.6 billion in 2015, 2014 and 2013, respectively, which includes
expected return on plan assets, interest costs and non-cash amortization of actuarial gains and losses.
.
*Non-GAAP Financial Measure
GE 2015 FORM 10-K 65