Invest and Deliver - GE 2006 Annual Report Letter to InvestorsInvest and DeliverGovernanceCitizenshipFinancials
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Notes to Consolidated Financial StatementsNote 5: Supplemental Cost Information

Total expenditures for research and development were $3,659 million, $3,425 million and $3,091 million in 2006, 2005 and 2004, respectively. The portion we funded was $2,969 million in 2006, $2,741 million in 2005 and $2,443 million in 2004.

Rental expense under operating leases is shown below.

 
 
 
 
(In millions) 2006 2005 2004
GE  
$ 932
   
$ 939
   
$ 874
 
GECS   991     993     931  

At December 31, 2006, minimum rental commitments under noncancellable operating leases aggregated $2,605 million and $4,016 million for GE and GECS, respectively. Amounts payable over the next five years follow.

 
 
 
 
 
 
(In millions)   2007     2008     2009     2010     2011  
GE   $509     $434     $371     $311     $297  
GECS   757     681     617     463     370  

GE’s selling, general and administrative expenses totaled $13,841 million in 2006, $13,279 million in 2005 and $12,001 million in 2004.

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