Total expenditures for research and development were $3,091 million, $2,656 million and $2,631 million in 2004, 2003 and 2002, respectively. The portion we funded was $2,443 million in 2004, $2,103 million in 2003 and $2,215 million in 2002.
Rental expense under operating leases is shown below.
| (In millions) | 2004 | 2003 | 2002 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| GE | $ | 874 | $ | 733 | $ | 773 | |||
| GECS | 997 | 893 | 977 | ||||||
At December 31, 2004, minimum rental commitments under noncancelable operating leases aggregated $2,880 million and $4,838 million for GE and GECS, respectively. Amounts payable over the next five years follow.
| (In millions) | 2005 | 2006 | 2007 | 2008 | 2009 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GE | $ | 601 | $ | 463 | $ | 376 | $ | 306 | $ | 255 | |||||
| GECS | 782 | 768 | 633 | 543 | 509 | ||||||||||
GE’s selling, general and administrative expenses totaled $12,001 million in 2004, $9,870 million in 2003 and $9,131 million in 2002.
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