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Notes to Consolidated Financial StatementsNote 22: Minority Interest in Equity of Consolidated Affiliates

Minority interest in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred stock issued by GE Capital and by affiliates of GE Capital. Preferred shares that we are required to redeem at a specified or determinable date are classified as liabilities. The balance is summarized as follows:

 
 
 
December 31 (In millions) 2006   2005  
Minority interest in consolidated affiliates            
NBC Universal  
$ 4,774
   
$ 4,597
 
Others(a)   1,572     2,073  
Minority interest in preferred stock(b)            
GE Capital   —     70  
GE Capital affiliates   1,232     1,314  
Total  
$ 7,578
   
$ 8,054
 
(a) Included minority interest in partnerships, common shares of consolidated affiliates and consolidated, liquidating securitization entities.
(b) The preferred stock primarily pays cumulative dividends at variable rates. Dividend rates in local currency on the preferred stock ranged from 3.28% to 5.49% during 2006 and 1.94% to 5.38% during 2005.

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