Investment Securities (Tables)

6 Months Ended

Jun. 30, 2016

Investments, Debt and Equity Securities [Abstract]

	June 30, 2016								December 31, 2015
			Gross		Gross						Gross		Gross
	Amortized		unrealized		unrealized		Estimated		Amortized		unrealized		unrealized		Estimated
(In millions)	cost		gains		losses		fair value		cost		gains		losses		fair value

GE
Debt
U.S. corporate	$	4	$	-	$	-	$	4	$	2	$	-	$	-	$	3
Corporate – non-U.S.		9		-		-		9		1		-		-		1
U.S. government and federal
agency		49		1		-		50		49		-		-		49
Equity		41		10		(4)		47		87		13		(2)		98
		103		11		(4)		110		139		14		(2)		151

GE Capital
Debt
U.S. corporate		20,718		4,177		(51)		24,844		19,971		2,669		(285)		22,355
State and municipal		3,885		731		(48)		4,568		3,910		407		(73)		4,245
Mortgage and asset-backed(a)		2,957		188		(23)		3,122		2,995		157		(35)		3,116
Corporate – non-U.S.		5,299		108		(4)		5,402		759		96		(9)		846
Government – non-U.S.		608		156		(1)		764		279		136		-		415
U.S. government and federal
agency		694		96		-		790		623		104		-		727
Equity		107		19		(1)		125		112		16		(4)		123
		34,268		5,475		(128)		39,615		28,648		3,585		(407)		31,827

Eliminations		(4)		-		-		(4)		(4)		-		-		(4)
Total	$	34,367	$	5,486	$	(133)	$	39,720	$	28,783	$	3,599	$	(409)	$	31,973

(a) Included residential mortgage-backed securities substantially collateralized by U.S. mortgages. At June 30, 2016, $535 million related to securities issued by government-sponsored entities and $19 million related to securities of private-label issuers. Securities issued by private-label issuers are collateralized primarily by pools of individual direct mortgage loans of financial institutions.

Schedule of investments, by type and length in continuous loss position

ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE INVESTMENT SECURITIES

	In loss position for
	Less than 12 months				12 months or more
			Gross				Gross
	Estimated		unrealized		Estimated		unrealized
(In millions)	fair value(a)		losses(a)(b)		fair value		losses(b)

June 30, 2016
Debt
U.S. corporate	$	229	$	(9)	$	689	$	(42)
State and municipal		-		-		159		(48)
Mortgage and asset-backed		250		(6)		168		(17)
Corporate – non-U.S.		718		-		31		(4)
Equity		28		(5)		-		-
Total	$	1,226	$	(21)	$	1,048	$	(111)	(c)

December 31, 2015
Debt
U.S. corporate	$	2,966	$	(218)	$	433	$	(67)
State and municipal		494		(20)		155		(53)
Mortgage and asset-backed		719		(20)		84		(16)
Corporate – non-U.S.		56		(4)		14		(4)
Equity		36		(6)		-		-
Total	$	4,271	$	(268)	$	686	$	(140)

(a) Includes the estimated fair value of and gross unrealized losses on equity securities held by GE. At June 30, 2016, the estimated fair value of and gross unrealized losses on equity securities were $18 million and $(4) million, respectively. At December 31, 2015, the estimated fair value of and gross unrealized losses on equity securities were $6 million and $(2) million, respectively.

(b) Included gross unrealized losses of $1 million related to securities that had other-than-temporary impairments previously recognized at June 30, 2016.

(c) Includes debt securities held to support obligations to holders of Guaranteed Investment Contracts (GICs) of which the majority are considered to be investment-grade by the major rating agencies at June 30, 2016.

Pre Tax Other Than Temporary Impairments On Investment Securities [TableTextBlock]

PRE-TAX, OTHER-THAN-TEMPORARY IMPAIRMENTS ON INVESTMENT SECURITIES

	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015

Total pre-tax, OTTI recognized	$	1	$	29	$	18	$	32
Pre-tax, OTTI recognized in AOCI		-		-		-		-
Pre-tax, OTTI recognized in earnings(a)	$	1	$	29	$	18	$	32

(a) Included pre-tax, other-than-temporary impairments recorded in earnings related to equity securities of $1 million and none in the three months ended June 30, 2016 and 2015, respectively and $9 million and none in the six months ended June 30, 2016 and 2015, respectively.

Schedule of contractual maturities

CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES)

	Amortized		Estimated
(In millions)	cost		fair value

Due
Within one year	$	5,218	$	5,226
After one year through five years		3,901		4,167
After five years through ten years		4,521		5,070
After ten years		17,626		21,968

Supplemental gross realized gains losses on available-for-sale investment securities

GROSS REALIZED GAINS AND LOSSES ON AVAILABLE-FOR-SALE INVESTMENT SECURITIES

	Three months ended June 30				Six months ended June 30
(In millions)	2016		2015		2016		2015

GE
Gains	$	1	$	1	$	5	$	1
Losses, including impairments		(1)		(14)		(10)		(14)
Net		-		(13)		(5)		(13)

GE Capital
Gains		35		6		36		97
Losses, including impairments		(11)		(21)		(30)		(35)
Net		24		(15)		6		63
Total	$	24	$	(28)	$	2	$	50