Shareowners' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

	Three months ended March 31
(In millions)	2017		2016

Investment securities
Beginning balance	$	674	$	460
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $13 and $81		18		159
Reclassifications from OCI – net of deferred taxes of $(36) and $40		(69)		60
Other comprehensive income (loss)(a)		(52)		220
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	622	$	680

Currency translation adjustments (CTA)
Beginning balance	$	(6,816)	$	(5,499)
OCI before reclassifications – net of deferred taxes of $(33) and $266		262		115
Reclassifications from OCI – net of deferred taxes of $(540) and $119		554		(114)
Other comprehensive income (loss)(a)		815		1
Less OCI attributable to noncontrolling interests		4		3
Ending balance	$	(6,004)	$	(5,500)

Cash flow hedges
Beginning balance	$	12	$	(80)
OCI before reclassifications – net of deferred taxes of $5 and $(8)		20		(25)
Reclassifications from OCI – net of deferred taxes of $1 and $5		-		79
Other comprehensive income (loss)(a)		20		55
Less OCI attributable to noncontrolling interests		-		-
Ending balance	$	32	$	(26)

Benefit plans
Beginning balance	$	(12,469)	$	(11,410)
Prior service credit (costs) - net of deferred taxes of $0 and $5		-		23
Net actuarial gain (loss) – net of deferred taxes of $101 and $22		476		68
Net curtailment/settlement - net of deferred taxes of $16 and $0		30		-
Prior service cost amortization – net of deferred taxes of $19 and $21		11		16
Net actuarial loss amortization – net of deferred taxes of $253 and $216		533		443
Other comprehensive income (loss)(a)		1,049		550
Less OCI attributable to noncontrolling interests		2		(1)
Ending balance	$	(11,421)	$	(10,859)

Accumulated other comprehensive income (loss) at March 31	$	(16,771)	$	(15,705)

(a) Total other comprehensive income (loss) was $1,833 million and $826 million in the three months ended March 31, 2017 and 2016, respectively.

Reclassification out of accumulated other comprehensive income

RECLASSIFICATION OUT OF AOCI

	Three months ended March 31
(In millions)	2017		2016		Statement of Earnings caption

Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	105	$	(100)	Total revenues and other income(a)
Income taxes		(36)		40	Benefit (provision) for income taxes(b)
Net of tax	$	69	$	(60)

Currency translation adjustments
Gains (losses) on dispositions	$	(14)	$	(6)	Total revenues and other income(c)
Income taxes		(540)		119	Benefit (provision) for income taxes(d)
Net of tax	$	(554)	$	114

Cash flow hedges
Gains (losses) on interest rate derivatives	$	(9)	$	(30)	Interest and other financial charges
Foreign exchange contracts		12		(41)	(e)
Other		(4)		(13)	(f)
Total before tax		(1)		(84)
Income taxes		1		5	Benefit (provision) for income taxes
Net of tax	$	-	$	(79)

Benefit plan items
Curtailment gain (loss)	$	(46)	$	-	(g)
Amortization of prior service costs		(30)		(37)	(g)
Amortization of actuarial gains (losses)		(786)		(659)	(g)
Total before tax		(862)		(696)
Income taxes		288		237	Benefit (provision) for income taxes
Net of tax	$	(574)	$	(459)

Total reclassification adjustments (net of tax)	$	(1,058)	$	(485)

Included an insignificant amount and $(78) million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
Included an insignificant amount and $32 million for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $30 million and $(5) for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $(540) million and $119 for the three months ended March 31, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
Included $25 million and $(22) million in GE Capital revenues from services and $(12) million and $(19) million in interest and other financial charges in the three months ended March 31, 2017 and 2016, 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 11 for further information.

Changes to noncontrolling interests

CHANGES TO NONCONTROLLING INTERESTS

	Three months ended March 31
(In millions)		2017		2016

Beginning balance at January 1	$	1,663	$	1,864
Net earnings (loss)		5		(69)
Dividends		(9)		(7)

Dispositions		(13)		(42)
Other (including AOCI)(a)(b)		(7)		(79)
Ending balance at March 31	$	1,639	$	1,667

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

(b) 2016 included $(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, and prior to the July 1, 2016 sale of GEAM.

Redeemable noncontrolling interest

CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
	Three months ended March 31
(In millions)		2017		2016

Beginning balance at January 1	$	3,025	$	2,972
Net earnings (loss)		(81)		(53)
Dividends		(10)		(9)
Redemption value adjustment		73		32
Other		47		94
Ending balance at March 31(a)	$	3,054	$	3,036

(a) Included $2,760 and $2,928 million related to the Alstom joint ventures at March 31, 2017 and 2016, respectively.