Note 16: All Other Assets
| December 31 (In millions) | 2007 | 2006 |
|---|---|---|
|
(a) The fair value of and unrealized loss on cost method investments in a continuous loss position at December 31, 2007 and 2006, were insignificant. (b) GECS investment in real estate consisted principally of two categories: real estate held for investment and equity method investments. Both categories contained a wide range of properties including the following at December 31, 2007: office buildings (49%), apartment buildings (14%), industrial properties (11%), retail facilities (9%), franchise properties (7%), parking facilities (2%) and other (8%). At December 31, 2007, investments were located in the Americas (48%), Europe (33%) and Asia (19%). (c) Assets were classified as held for sale on the date a decision was made to dispose of them through sale, securitization or other means. Such assets consisted primarily of real estate properties and credit card receivables, and were accounted for at the lower of carrying amount or estimated fair value less costs to sell. These amounts are net of valuation allowances of $153 million and $3 million at December 31, 2007 and 2006, respectively. (d) The fair value of and unrealized loss on those investments in a continuous loss position for less than 12 months at December 31, 2007, were $546 million and $93 million, respectively, which included $282 million fair value and $15 million unrealized losses related to our investment in FGIC Corporation (FGIC) preferred stock and $36 million fair value and $29 million unrealized losses related to our investment in FGIC common stock. The fair value of and unrealized loss on those investments in a continuous loss position for 12 months or more at December 31, 2007, were $18 million and $8 million, respectively. The fair value of and unrealized loss on those investments in a continuous loss position for less than 12 months at December 31, 2006, were $113 million and $25 million, respectively. The fair value of and unrealized loss on those investments in a continuous loss position for 12 months or more at December 31, 2006, were $38 million and $8 million, respectively. |
||
| GE | ||
| Investments | ||
| Associated companies | $ 1,871 | $ 1,543 |
| Other(a) | 1,243 | 733 |
| 3,114 | 2,276 | |
| Pension asset — principal plans | 20,190 | 15,019 |
| Contract costs and estimated earnings | 5,983 | 5,164 |
| Film and television costs | 4,143 | 3,646 |
| Long-term receivables, including notes | 2,331 | 2,892 |
| Derivative instruments | 279 | 193 |
| Other | 4,568 | 4,252 |
| 40,608 | 33,442 | |
| GECS | ||
| Investments | ||
| Real estate(b) | 40,488 | 27,252 |
| Associated companies | 17,026 | 12,053 |
| Assets held for sale(c) | 10,690 | 7,738 |
| Cost method(d) | 2,742 | 2,348 |
| Other | 1,020 | 931 |
| 71,966 | 50,322 | |
| Derivative instruments | 3,271 | 1,981 |
| Advances to suppliers | 2,046 | 1,714 |
| Deferred acquisition costs | 1,282 | 1,380 |
| Other | 4,840 | 3,990 |
| 83,405 | 59,387 | |
| ELIMINATIONS | (1,152) | (1,178) |
| Total | $ 122,861 | $ 91,651 |