Equity

3 Months Ended

Mar. 31, 2020

EQUITY

COMMON STOCK

We are authorized to issue 2 billion shares of Class A common stock, 1.25 billion shares of Class B common stock and 50 million shares of preferred stock each of which have a par value of $0.0001 per share. The number of shares of Class A common stock and Class B common stock outstanding as of March 31, 2020 is 654 million and 377 million, respectively. We have not issued any preferred stock. GE owns all the issued and outstanding Class B common stock. Each share of Class A and Class B common stock and the associated membership interest in BHH LLC form a paired interest. While each share of Class B common stock has equal voting rights to a share of Class A common stock, it has no economic rights, meaning holders of Class B common stock have no right to dividends or any assets in the event of liquidation of the Company. GE is entitled through BHH LLC Units (LLC Units) to receive distributions on an equal amount of any dividend paid by the Company. As of March 31, 2020, GE's interest in us was 36.6%.

The following table presents the changes in the number of shares outstanding (in thousands):


	Class A Common Stock			Class B Common Stock
	2020	2019	2020	2019
Balance at January 1	650,065	513,399	377,428	521,543
Issue of shares upon vesting of restricted stock units ⁽¹⁾	3,011	1,377	—	—
Issue of shares on exercises of stock options ⁽¹⁾	5	164	—	—
Issue of shares for employee stock purchase plan	668	—	—	—


Balance at March 31	653,749	514,940	377,428	521,543

⁽¹⁾ Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.

ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL)

The following tables present the changes in accumulated other comprehensive loss, net of tax:


	Investment Securities		Foreign Currency Translation Adjustments		Cash Flow Hedges		Benefit Plans		Accumulated Other Comprehensive Loss
Balance at December 31, 2019	$	1	$	(1,436)	$	6	$	(207)	$	(1,636)
Other comprehensive income (loss) before reclassifications	(2)		(277)		(9)		16		(272)
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		—		11		11
Deferred taxes	—		—		1		(5)		(4)
Other comprehensive income (loss)	(2)		(277)		(8)		22		(265)
Less: Other comprehensive income (loss) attributable to noncontrolling interests	(1)		(101)		(3)		8		(97)


Balance at March 31, 2020	$	—	$	(1,612)	$	1	$	(193)	$	(1,804)


	Investment Securities		Foreign Currency Translation Adjustments		Cash Flow Hedges		Benefit Plans		Accumulated Other Comprehensive Loss
Balance at December 31, 2018	$	—	$	(1,152)	$	(1)	$	(66)	$	(1,219)
Other comprehensive income (loss) before reclassifications	2		166		5		(2)		171
Amounts reclassified from accumulated other comprehensive income (loss)	—		—		—		1		1
Deferred taxes	—		—		(1)		1		—
Other comprehensive income (loss)	2		166		4		—		172
Less: Other comprehensive income (loss) attributable to noncontrolling interests	1		84		2		—		87


Balance at March 31, 2019	$	1	$	(1,070)	$	1	$	(66)	$	(1,134)

The amounts reclassified from accumulated other comprehensive loss during the three months ended March 31, 2020 represent amortization of net actuarial gain (loss) which are included in the computation of net periodic pension cost (see "Note 10. Employee Benefit Plans" for additional details). These reclassifications are recorded across the various cost and expense line items within the condensed consolidated statements of income (loss).

NONCONTROLLING INTEREST

Noncontrolling interests represent the portion of net assets in consolidated entities that are not owned by the Company. As of March 31, 2020 and December 31, 2019, GE owned approximately 36.6% and 36.7%, respectively, of BHH LLC and this represents the majority of the noncontrolling interest balance reported within equity.


	March 31, 2020		December 31, 2019
GE's interest in BHH LLC	$	6,392	$	12,454
Other noncontrolling interests	123		116
Total noncontrolling interests	$	6,515	$	12,570