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Profit By Business (in $ billions)*
* Effective January 1, 2010, GE reorganized its segments to better align the Consumer & Industrial and Energy businesses for growth. Results for 2009 and prior periods are reported on the basis under which GE managed the business in 2009 and do not reflect the January 2010 reorganization described above.
A more complete list of products per business can be found in the 2009 GE Annual Report.
** On January 28, 2011, we transferred the assets of the NBCU business and Comcast transferred certain of its assets to a newly formed entity, NBC Universal LLC (NBCU LLC). In connection with the transaction, we received $6,197 million in cash from Comcast and a 49% interest in NBCU LLC. Comcast holds the remaining 51% interest in NBCU LLC. We will account for our investment in NBCU LLC under the equity method. As a result of the transaction, we expect to recognize a small after-tax gain in the first quarter of 2011.
Due to this transaction, Media & Entertainment is not included in the priority areas by business on pages 20-21.
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