Shareowners' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	Three months ended September 30				Nine months ended September 30
(In millions)	2016		2015		2016		2015

Investment securities
Beginning balance	$	1,077	$	564	$	460	$	1,013
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $48, $14, $352 and $(196)		97		22		675		(382)
Reclassifications from OCI – net of deferred taxes
of $5, $(20), $36 and $(45)		1		(26)		40		(70)
Other comprehensive income (loss)(a)		97		(3)		715		(452)
Less OCI attributable to noncontrolling interests		(2)		-		(1)		-
Ending balance	$	1,176	$	561	$	1,176	$	561

Currency translation adjustments (CTA)
Beginning balance	$	(5,448)	$	(5,913)	$	(5,499)	$	(2,428)
OCI before reclassifications – net of deferred taxes
of $5, $(185), $222 and $1,158		(280)		(108)		(138)		(3,936)
Reclassifications from OCI – net of deferred taxes
of $(6), $(628), $74 and $(779)		85		733		1		1,039
Other comprehensive income (loss)(a)		(194)		624		(138)		(2,895)
Less OCI attributable to noncontrolling interests		-		(8)		6		(43)
Ending balance	$	(5,643)	$	(5,281)	$	(5,643)	$	(5,281)

Cash flow hedges
Beginning balance	$	(51)	$	(140)	$	(80)	$	(180)
OCI before reclassifications – net of deferred taxes
of $(12), $(28), $(17) and $(24)		(21)		(133)		(61)		(626)
Reclassifications from OCI – net of deferred taxes
of $6, $11, $7 and $59		52		98		121		632
Other comprehensive income (loss)(a)		30		(35)		60		6
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(21)	$	(174)	$	(21)	$	(174)

Benefit plans
Beginning balance	$	(10,476)	$	(12,716)	$	(11,410)	$	(16,578)
Prior service credit (costs) - net of deferred taxes
of $0, $0, $5 and $1,194		-		-		23		2,090
Net actuarial gain (loss) – net of deferred taxes
of $49, $0, $6 and $269		83		43		71		602
Net curtailment/settlement - net of deferred taxes
of $0, $0, $0 and $(44)		-		-		(1)		(77)
Prior service cost amortization – net of deferred taxes
of $22, $17, $63 and $92		12		-		45		101
Net actuarial loss amortization – net of deferred taxes
of $216, $297, $649 and $902		453		584		1,343		1,771
Other comprehensive income (loss)(a)		548		627		1,481		4,486
Less OCI attributable to noncontrolling interests		6		-		5		(2)
Ending balance	$	(9,934)	$	(12,089)	$	(9,934)	$	(12,089)

Accumulated other comprehensive income (loss) at September 30	$	(14,422)	$	(16,983)	$	(14,422)	$	(16,983)

(a) Total other comprehensive income (loss) was $481 million and $1,214 million in the three months ended September 30, 2016 and 2015, respectively and $2,117 million and $1,144 million in the nine months ended September 30, 2016 and 2015, respectively.

Reclassification out of accumulated other comprehensive income

RECLASSIFICATION OUT OF AOCI

	Three months ended				Nine months ended
	September 30				September 30
(In millions)	2016		2015		2016		2015		Statement of earnings caption

Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	(6)	$	45	$	(76)	$	116	Total revenues and other income(a)
Income taxes		5		(20)		36		(45)	Benefit (provision) for income taxes(b)
Net of tax	$	(1)	$	26	$	(40)	$	70
Currency translation adjustments
Gains (losses) on dispositions	$	(79)	$	(104)	$	(74)	$	(260)	Total revenues and other income(c)
Income taxes		(6)		(628)		74		(779)	Benefit (provision) for income taxes(d)
Net of tax	$	(85)	$	(733)	$	(1)	$	(1,039)
Cash flow hedges
Gains (losses) on interest rate
derivatives	$	(12)	$	(39)	$	(67)	$	(100)	Interest and other financial charges
Foreign exchange contracts		(43)		(72)		(47)		(600)	(e)
Other		(3)		2		(14)		9	(f)
Total before tax		(57)		(109)		(128)		(691)
Income taxes		6		11		7		59	Benefit (provision) for income taxes
Net of tax	$	(52)	$	(98)	$	(121)	$	(632)
Benefit plan items
Curtailment gain (loss)	$	-	$	-	$	1	$	121	(g)
Amortization of prior service costs		(34)		(17)		(108)		(193)	(g)
Amortization of actuarial gains (losses)		(669)		(881)		(1,992)		(2,673)	(g)
Total before tax		(703)		(898)		(2,099)		(2,745)
Income taxes		238		314		712		950	Benefit (provision) for income taxes
Net of tax	$	(465)	$	(584)	$	(1,387)	$	(1,795)

Total reclassification adjustments (net of tax)	$	(602)	$	(1,389)	$	(1,548)	$	(3,396)

Included an insignificant amount and $29 million for the three months ended September 30, 2016 and 2015, and $(72) million and $49 million for the nine months ended September 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $3 million and $(15) million for the three months ended September 30, 2016 and 2015, and $34 million and $(21) million for the nine months ended September 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $(79) million and $(104) million for the three months ended September 30, 2016 and 2015, and $(8) million and $(261) million for the nine months ended September 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $(7) million and $(628) million for the three months ended September 30, 2016 and 2015, and $73 million and $(779) million for the nine months ended September 30, 2016 and 2015, respectively in earnings (loss) from discontinued operations, net of taxes
Included $(30) million and $(47) million in GE Capital revenues from services and $(13) million and $(25) million in interest and other financial charges in the three months ended September 30, 2016 and 2015, respectively and $1 million and $(587) million in GE Capital revenues from services and $(48) million and $(13) million in interest and other financial charges in the nine months ended September 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 September 30				Nine months ended September 30
(In millions)		2016		2015		2016		2015

Beginning balance	$	1,693	$	8,776	$	1,864	$	8,674
Net earnings (loss)		6		39		(62)		232
GECC preferred stock dividend		-		-		-		(161)
Dividends		(25)		(18)		(47)		(36)
Dispositions		(53)		(3)		(94)		(9)
Other (including AOCI)(a)(b)		42		(6)		1		88
Ending balance	$	1,663	$	8,788	$	1,663	$	8,788

(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 September 30				Nine months ended September 30
(In millions)		2016		2015		2016		2015

Beginning balance	$	3,070	$	79	$	2,972	$	98
Net earnings (loss)		(82)		-		(221)		(3)
Dividends		(8)		-		(17)		(11)
Redemption value adjustment		68		-		178		1
Other		3		3		138		(4)
Ending balance	$	3,051	$	82	$	3,051	$	82