notes to consolidated financial statements Note 26 Operating Segments REVENUES (a) Total revenues (b) Intersegment revenues External revenues (In millions) 2006 2005 2004 2006 2005 2004 2006 2005 2004 Infrastructure $ 47,429 $ 41,803 $ 37,373 $ 246 $ 448 $ 535 $ 47,183 $ 41,355 $ 36,838 Commercial Finance 23,792 20,646 19,524 871 761 718 22,921 19,885 18,806 GE Money 21,759 19,416 15,734 51 63 41 21,708 19,353 15,693 Healthcare 16,562 15,153 13,456 4 9 — 16,558 15,144 13,456 NBC Universal 16,188 14,689 12,886 52 — — 16,136 14,689 12,886 Industrial 33,494 32,631 30,722 593 714 524 32,901 31,917 30,198 Corporate items and eliminations 4,167 3,618 4,596 (1,817) (1,995) (1,818) 5,984 5,613 6,414 Total $163,391 $147,956 $134,291 $ — $ — $ — $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 based outside the United States were $74,268 million, $64,133 were $89,123 million, $83,823 million and $76,874 million in 2006, million and $57,417 million in 2006, 2005 and 2004, respectively. 2005 and 2004, respectively. Revenues originating from operations Assets(a) Property, plant and equipment additions (b) Depreciation and amortization At December 31 For the years ended December 31 For the years ended December 31 (In millions) 2006 2005 2004 2006 2005 2004 2006 2005 2004 Infrastructure $100,237 $ 89,555 $ 82,798 $ 4,873 $ 4,188 $ 3,938 $ 2,497 $2,436 $2,162 Commercial Finance 233,536 190,546 184,388 7,056 5,426 4,573 3,188 2,648 2,772 GE Money 190,403 158,829 151,255 238 189 217 438 393 334 Healthcare 26,949 24,661 24,871 655 460 1,590 786 617 565 NBC Universal 31,425 31,196 34,206 245 275 1,189 361 339 273 Industrial 81,178 41,556 42,040 4,887 4,367 4,111 3,298 3,292 3,292 Corporate items and eliminations 33,511 136,978 231,059 192 199 194 258 208 245 Total $697,239 $673,321 $750,617 $18,146 $15,104 $15,812 $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 Provision for income taxes (In millions) 2006 2005 2004 2006 2005 2004 Infrastructure (a) $ 2,067 $ 1,706 $ 1,436 $ 199 $ (202) $ 62 Commercial Finance 7,878 5,893 4,720 893 971 1,144 GE Money 6,766 5,443 3,564 389 529 449 Industrial(a) 609 536 526 61 64 (124) Corporate items and eliminations(b) 1,966 1,524 1,370 2,412 2,673 2,165 Total $19,286 $15,102 $11,616 $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. 100 ge 2006 annual report

notes to consolidated financial statements Note 27 Financial Instruments 2006 2005 Assets (liabilities) Assets (liabilities) Notional Carrying Estimated Notional Carrying Estimated December 31 (In millions) amount amount (net) fair value amount amount (net) fair value GE Assets Investments and notes receivable $ (a) $ 494 $ 494 $ (a) $ 573 $ 625 Liabilities Borrowings(b)(c) (a) (11,297) (11,204) (a) (10,208) (10,223) GECS Assets Loans (a) 266,055 265,578 (a) 223,855 224,259 Other commercial and residential mortgages held for sale (a) 7,296 7,439 (a) 6,696 6,696 Other fi nancial instruments (d) (a) 3,714 4,158 (a) 4,138 4,494 Liabilities Borrowings (b) (c) (a) (426,279) (432,275) (a) (362,069) (369,972) Investment contract benefits (a) (5,089) (5,080) (a) (6,034) (6,020) Insurance — credit life (e) 2,634 (81) (61) 2,365 (8) (8) (a) These financial instruments do not have notional amounts. (b) Included effects of interest rate and cross-currency swaps. (c) See note 18. (d) Principally cost method investments. (e) Net of reinsurance of $840 million and $292 million at December 31, 2006 and 2005, respectively. Assets and liabilities not carried at fair value in our Statement of Financial Position are discussed below. Apart from certain of our borrowings and certain marketable securities, few of the instru- ments discussed below are actively traded and their fair values must often be determined using financial models. Realization of the fair value of these instruments depends upon market forces beyond our control, including marketplace liquidity. Therefore, the disclosed fair values may not be indicative of net realizable value or reflect future fair values. A description of how we estimate fair values follows. Loans Based on quoted market prices, recent transactions and/or dis- counted future cash flows, using rates at which similar loans would have been made to similar borrowers. Borrowings Based on discounted future cash flows using current market rates which are comparable to market quotes. Investment contract benefits Based on expected future cash flows, discounted at currently offered rates for immediate annuity contracts or cash surrender values for single premium deferred annuities. All other instruments Based on comparable market transactions, discounted future cash flows, quoted market prices, and/or estimates of the cost to terminate or otherwise settle obligations. The fair values of our cost method investments that are not exchange traded rep- resent our best estimates of amounts we could have received other than on a forced or liquidation basis. Assets and liabilities that are reflected in the accompanying financial statements at fair value are not included in the above disclosures such items include cash and equivalents, investment securities and derivative fi nancial instruments. Additional information about certain categories in the table above follows. Residential mortgages Residential mortgage products amounting to $13,325 million (23% of all residential mortgages) and $12,633 million (27% of all residential mortgages) at December 31, 2006 and 2005, respectively, were either high loan-to-value, those permitting interest-only payments or those with below market introductory rates. We orig- inate such loans either for our portfolio or for sale in secondary markets. The portfolio was geographically diverse, with Europe and North America the most significant market segments. ge 2006 annual report 101