Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate | ||||||||||||||||||
Consolidated | GE | GECC | ||||||||||||||||
2013 | 2012 | 2011 | 2013 | 2012 | 2011 | 2013 | 2012 | 2011 | ||||||||||
U.S. federal statutory income | ||||||||||||||||||
tax rate | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % | 35.0 | % |
Increase (reduction) in rate | ||||||||||||||||||
resulting from | ||||||||||||||||||
inclusion of after-tax | ||||||||||||||||||
earnings of GECC in | ||||||||||||||||||
before-tax earnings of GE | - | - | - | (16.9) | (15.3) | (11.9) | - | - | - | |||||||||
Tax on global activities | ||||||||||||||||||
including exports(a) | (24.7) | (12.5) | (10.4) | (4.1) | (4.3) | (5.2) | (45.0) | (18.4) | (14.7) | |||||||||
NBCU gain | (0.7) | - | 9.3 | (0.7) | - | 9.8 | - | - | - | |||||||||
Business Property disposition | - | (1.9) | - | - | - | - | - | (4.2) | - | |||||||||
U.S. business credits(b) | (3.6) | (2.6) | (3.2) | (1.5) | (0.7) | (1.5) | (4.6) | (4.3) | (4.7) | |||||||||
All other – net | (1.8) | (3.4) | (2.2) | (2.0) | (2.7) | (0.9) | 1.0 | (1.5) | (3.5) | |||||||||
(30.8) | (20.4) | (6.5) | (25.2) | (23.0) | (9.7) | (48.6) | (28.4) | (22.9) | ||||||||||
Actual income tax rate | 4.2 | % | 14.6 | % | 28.5 | % | 9.8 | % | 12.0 | % | 25.3 | % | (13.6) | % | 6.6 | % | 12.1 | % |