Note 5: Supplemental Cost Information
Total expenditures for research and development were $4,075 million, $3,480 million and $3,235 million in 2007, 2006 and 2005, respectively. The portion we funded was $3,009 million in 2007, $2,790 million in 2006 and $2,551 million in 2005.
Rental expense under operating leases is shown below.
| (In millions) | 2007 | 2006 | 2005 |
|---|---|---|---|
| GE | $ 929 | $ 854 | $ 862 |
| GECS | 1,022 | 927 | 918 |
At December 31, 2007, minimum rental commitments under noncancellable operating leases aggregated $2,647 million and $3,671 million for GE and GECS, respectively. Amounts payable over the next five years follow.
| (In millions) | 2008 | 2009 | 2010 | 2011 | 2012 |
|---|---|---|---|---|---|
| GE | $ 509 | $ 478 | $ 416 | $ 384 | $ 338 |
| GECS | 752 | 691 | 515 | 395 | 337 |
Payments under revenue sharing partnerships amounted to $1.9 billion, $1.4 billion and $1.2 billion in 2007, 2006 and 2005, respectively, and are included in cost of goods sold. GE’s selling, general and administrative expenses totaled $14,148 million in 2007, $12,893 million in 2006 and $12,316 million in 2005.