Shareowners' Equity (Tables)

6 Months Ended

Jun. 30, 2016

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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

Investment securities
Beginning balance	$	680	$	1,245	$	460	$	1,013
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $222, $(365), $304 and $(210)		419		(692)		578		(405)
Reclassifications from OCI – net of deferred taxes
of $(9), $3, $31 and $(26)		(21)		10		39		(44)
Other comprehensive income (loss)(a)		397		(682)		617		(449)
Less OCI attributable to noncontrolling interests		-		(1)		-		-
Ending balance	$	1,077	$	564	$	1,077	$	564

Currency translation adjustments (CTA)
Beginning balance	$	(5,500)	$	(7,716)	$	(5,499)	$	(2,427)
OCI before reclassifications – net of deferred taxes
of $(50), $(201), $217 and $1,343		26		1,511		141		(3,828)
Reclassifications from OCI – net of deferred taxes
of $(39), $(150), $80 and $(151)		29		304		(85)		307
Other comprehensive income (loss)(a)		55		1,815		57		(3,521)
Less OCI attributable to noncontrolling interests		3		13		6		(34)
Ending balance	$	(5,448)	$	(5,914)	$	(5,448)	$	(5,914)

Cash flow hedges
Beginning balance	$	(26)	$	(226)	$	(80)	$	(180)
OCI before reclassifications – net of deferred taxes
of $2, $42, $(5) and $4		(15)		433		(40)		(493)
Reclassifications from OCI – net of deferred taxes
of $(4), $(68), $1 and $49		(10)		(347)		69		533
Other comprehensive income (loss)(a)		(25)		86		30		40
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(51)	$	(140)	$	(51)	$	(140)

Benefit plans
Beginning balance	$	(10,859)	$	(15,667)	$	(11,410)	$	(16,578)
Prior service credit (costs) - net of deferred taxes
of $0, $1,194, $5 and $1,194		-		2,090		23		2,090
Net actuarial gain (loss) – net of deferred taxes
of $(65), $204, $(43) and $269		(80)		349		(12)		559
Net curtailment/settlement - net of deferred taxes
of $0, $(71), $0 and $(44)		(1)		(125)		(1)		(77)
Prior service cost amortization – net of deferred taxes
of $20, $38, $41 and $75		17		51		33		101
Net actuarial loss amortization – net of deferred taxes
of $217, $301, $433 and $605		447		586		890		1,187
Other comprehensive income (loss)(a)		382		2,951		933		3,860
Less OCI attributable to noncontrolling interests		-		-		(1)		(2)
Ending balance	$	(10,476)	$	(12,716)	$	(10,476)	$	(12,716)

Accumulated other comprehensive income (loss) at June 30	$	(14,898)	$	(18,206)	$	(14,898)	$	(18,206)

(a) Total other comprehensive income (loss) was $810 million and $4,170 million in the three months ended June 30, 2016 and 2015, respectively and $1,636 million and $(70) million in the six months ended June 30, 2016 and 2015, respectively.

Reclassification out of accumulated other comprehensive income

RECLASSIFICATION OUT OF AOCI

	Three months ended				Six months ended
	June 30				June 30
(In millions)	2016		2015		2016		2015		Statement of earnings caption

Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	30	$	(13)	$	(70)	$	70	Total revenues and other income(a)
Income taxes		(9)		3		31		(26)	Benefit (provision) for income taxes(b)
Net of tax	$	21	$	(10)	$	(39)	$	44
Currency translation adjustments
Gains (losses) on dispositions	$	10	$	(154)	$	5	$	(156)	Total revenues and other income(c)
Income taxes		(39)		(150)		80		(151)	Benefit (provision) for income taxes(d)
Net of tax	$	(29)	$	(304)	$	85	$	(307)
Cash flow hedges
Gains (losses) on interest rate
derivatives	$	(26)	$	(22)	$	(55)	$	(61)	Interest and other financial charges
Foreign exchange contracts		37		430		(5)		(528)	(e)
Other		2		7		(11)		7	(f)
Total before tax		14		415		(71)		(582)
Income taxes		(4)		(68)		1		49	Benefit (provision) for income taxes
Net of tax	$	10	$	347	$	(69)	$	(533)
Benefit plan items
Curtailment gain (loss)	$	1	$	196	$	1	$	121	(g)
Amortization of prior service costs		(37)		(89)		(74)		(176)	(g)
Amortization of actuarial gains (losses)		(664)		(887)		(1,323)		(1,792)	(g)
Total before tax		(700)		(780)		(1,396)		(1,847)
Income taxes		237		268		474		636	Benefit (provision) for income taxes
Net of tax	$	(463)	$	(512)	$	(922)	$	(1,211)

Total reclassification adjustments (net of tax)	$	(461)	$	(479)	$	(946)	$	(2,007)

Included $6 million and $15 million for the three months ended June 30, 2016 and 2015, and $(72) million and $17 million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $(1) million and $(7) million for the three months ended June 30, 2016 and 2015, and $31 million and $(6) million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $77 million and $4 million for the three months ended June 30, 2016 and 2015, and $71 million and $4 million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $(39) million and $(137) million for the three months ended June 30, 2016 and 2015, and $80 million and $(137) million for the six months ended June 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes
Included $53 million and $404 million in GE Capital revenues from services and $(17) million and $26 million in interest and other financial charges in the three months ended June 30, 2016 and 2015, respectively and $31 million and $(540) million in GE Capital revenues from services and $(36) million and $12 million in interest and other financial charges in the six months ended June 30, 2016 and 2015, respectively.
Primarily recorded in costs and expenses.
Curtailment gain (loss), amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 10 for further information.

Changes to noncontrolling interests

CHANGES TO NONCONTROLLING INTERESTS

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

Beginning balance	$	1,667	$	8,738	$	1,864	$	8,674
Net earnings (loss)		1		223		(68)		192
GECC preferred stock dividend		-		(161)		-		(161)
Dividends		(14)		(16)		(21)		(18)
Dispositions		-		(6)		(42)		(6)
Other (including AOCI)(a)(b)		39		(2)		(40)		95
Ending balance	$	1,693	$	8,776	$	1,693	$	8,776

(a) Includes research & development partner funding arrangements, acquisitions and eliminations.

(b) Includes $(123) million for deconsolidation of investment funds managed by GE Asset Management (GEAM) upon the adoption of ASU 2015-02, Amendments to the Consolidation Analysis. See Note 1.

Redeemable noncontrolling interest

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

Beginning balance	$	3,036	$	73	$	2,972	$	98
Net earnings (loss)		(86)		3		(139)		(2)
Dividends		-		(1)		(9)		(11)
Redemption value adjustment		79		1		110		1
Other		42		3		135		(7)
Ending balance	$	3,070	$	79	$	3,070	$	79