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General Electric Co. (GE)


Analysis of Debt

Advanced level


Total Debt (Carrying Amount)

General Electric Co., balance sheet: debt

US$ in millions

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Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Short-term borrowings 12,849  24,036  30,714  49,892  71,789 
Non-recourse borrowings of consolidated securitization entities 1,875  1,980  417  3,083  29,938 
Bank deposits —  —  —  —  62,839 
Long-term borrowings 95,234  108,575  105,080  145,301  200,414 
Total borrowings, include interest rate and currency derivatives designated as hedges of borrowings (carrying amount) 109,958  134,591  136,211  198,276  364,980 

Based on: 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26), 10-K (filing date: 2015-02-27).

Debt item Description The company
Total borrowings, include interest rate and currency derivatives designated as hedges of borrowings (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. General Electric Co.’s total debt decreased from 2016 to 2017 and from 2017 to 2018.

Total Debt (Fair Value)

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Dec 31, 2018
Selected Financial Data (US$ in millions)
Borrowings 29,586 
Borrowings, debt assumed 36,298 
Total gE (fair value) 65,884 
Borrowings 42,006 
Interest rate and currency derivatives designated as hedges of borrowings (1,300)
Total gE Capital (fair value) 40,706 
Total borrowings, include interest rate and currency derivatives designated as hedges of borrowings (fair value) 106,590 
Financial Ratio
Debt, fair value to carrying amount ratio 0.97

Based on: 10-K (filing date: 2019-02-26).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: 3.40%

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
1.64% 3,005  49 
6.60% 103 
3.76% 4,207  158 
2.00% 3,984  80 
2.58% 26,628  687 
4.30% 29,218  1,256 
3.64% 2,836  103 
3.49% 35,105  1,225 
3.97% 1,875  74 
Total 106,961  3,640 
3.40%

Based on: 10-K (filing date: 2019-02-26).

1 US$ in millions

2 Weighted-average interest rate = 100 × 3,640 ÷ 106,961 = 3.40%