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Notes to Consolidated Financial StatementsNote 26: Operating Segments

REVENUES

 
 
 
 
    Total revenues(a)  
(In millions) 2006   2005   2004  
Infrastructure  
$ 47,429
   
$ 41,803
   
$ 37,373
 
Commercial Finance   23,792     20,646     19,524  
GE Money   21,759     19,416     15,734  
Healthcare   16,562     15,153     13,456  
NBC Universal   16,188     14,689     12,886  
Industrial   33,494     32,631     30,722  
Corporate items and eliminations   4,167     3,618     4,596  
Total  
$ 163,391
   
$ 147,956
   
$ 134,291
 
 
    Intersegment revenues(b)  
(In millions) 2006   2005   2004  
Infrastructure  
$ 246
   
$ 448
   
$ 535
 
Commercial Finance   871     761     718  
GE Money   51     63     41  
Healthcare   4     9      
NBC Universal   52          
Industrial   593     714     524  
Corporate items and eliminations   (1,817 )   (1,995 )   (1,818 )
Total  
$
   
$
   
$
 
 
    External revenues  
(In millions) 2006   2005   2004  
Infrastructure  
$ 47,183
   
$ 41,355
   
$ 36,838
 
Commercial Finance   22,921     19,885     18,806  
GE Money   21,708     19,353     15,693  
Healthcare   16,558     15,144     13,456  
NBC Universal   16,136     14,689     12,886  
Industrial   32,901     31,917     30,198  
Corporate items and eliminations   5,984     5,613     6,414  
Total  
$ 163,391
   
$ 147,956
   
$ 134,291
 
 
(a) Revenues of GE businesses include income from sales of goods and services to customers and other income.
(b) Sales from one component to another generally are priced at equivalent commercial selling prices.

Revenues originating from operations based in the United States were $89,123 million, $83,823 million and $76,874 million in 2006, 2005 and 2004, respectively. Revenues originating from operations based outside the United States were $74,268 million, $64,133 million and $57,417 million in 2006, 2005 and 2004, respectively.

 
 
 
 
    Assets(a)  
    At December 31  
(In millions) 2006   2005   2004  
Infrastructure  
$ 100,237
   
$ 89,555
   
$ 82,798
 
Commercial Finance   233,536     190,546     184,388  
GE Money   190,403     158,829     151,255  
Healthcare   26,949     24,661     24,871  
NBC Universal   31,425     31,196     34,206  
Industrial   81,178     41,556     42,040  
Corporate items and eliminations   33,511     136,978     231,059  
Total  
$ 697,239
   
$ 673,321
   
$ 750,617
 
 
    Property, plant and equipment additions(b)  
    For the years ended December 31  
(In millions) 2006   2005   2004  
Infrastructure  
$ 4,873
   
$ 4,188
   
$ 3,938
 
Commercial Finance   7,056     5,426     4,573  
GE Money   238     189     217  
Healthcare   655     460     1,590  
NBC Universal   245     275     1,189  
Industrial   4,887     4,367     4,111  
Corporate items and eliminations   192     199     194  
Total  
$ 18,146
   
$ 15,104
   
$ 15,812
 
 
    Depreciation and amortization  
    For the years ended December 31  
(In millions) 2006   2005   2004  
Infrastructure  
$ 2,497
   
$ 2,436
   
$ 2,162
 
Commercial Finance   3,188     2,648     2,772  
GE Money   438     393     334  
Healthcare   786     617     565  
NBC Universal   361     339     273  
Industrial   3,298     3,292     3,292  
Corporate items and eliminations   258     208     245  
Total  
$ 10,826
   
$ 9,933
   
$ 9,643
 
(a) Assets of discontinued operations are included in Corporate items and eliminations for all periods presented.
(b) Additions to property, plant and equipment include amounts relating to principal businesses purchased.
 
 
 
 
    Interest and other financial charges  
(In millions) 2006   2005   2004  
Infrastructure(a)  
$ 2,067
   
$ 1,706
   
$ 1,436
 
Commercial Finance   7,878     5,893     4,720  
GE Money   6,766     5,443     3,564  
Industrial(a)   609     536     526  
Corporate items and eliminations(b)   1,966     1,524     1,370  
Total  
$ 19,286
   
$ 15,102
   
$ 11,616
 
 
    Provision for income taxes  
(In millions) 2006   2005   2004  
Infrastructure(a)  
$ 199
   
$ (202
)  
$ 62
 
Commercial Finance   893     971     1,144  
GE Money   389     529     449  
Industrial(a)   61     64     (124 )
Corporate items and eliminations(b)   2,412     2,673     2,165  
Total  
$ 3,954
   
$ 4,035
   
$ 3,696
 
 
(a) Included only portions of the segment that are financial services businesses.
(b) Included amounts for Healthcare, NBC Universal and the industrial businesses of Infrastructure and Industrial, for which our measure of segment profit excludes interest and other financial charges and income taxes.

Property, plant and equipment associated with operations based in the United States were $27,413 million, $26,195 million and $25,296 million at year-end 2006, 2005 and 2004, respectively. Property, plant and equipment associated with operations based outside the United States were $47,553 million, $41,333 million and $37,807 million at year-end 2006, 2005 and 2004, respectively.

Basis for presentation
Our operating businesses are organized based on the nature of markets and customers. Segment accounting policies are the same as described in note 1.

A description of our operating segments can be found on page 108 and details of segment profit by operating segment can be found in the Summary of Operating Segments table on page 53 of this report.

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