Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2017

Fair Value Disclosures [Abstract]

Assets and liabilities at fair value

ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
										Netting
(In millions)	Level 1		(a)	Level 2		(a)	Level 3		(b)	adjustment		Net balance (c)
March 31, 2017
Assets
Investment securities	$	241		$	37,740		$	3,967		$	-	$	41,949
Derivatives		-			4,311			21			(3,869)		463
Total	$	241		$	42,051		$	3,988		$	(3,869)	$	42,412
Liabilities
Derivatives	$	-		$	3,713		$	4		$	(2,935)	$	782
Other(d)		-			1,179			-			-		1,179
Total	$	-		$	4,892		$	4		$	(2,935)	$	1,961
December 31, 2016
Assets
Investment securities	$	188		$	39,719		$	4,406		$	-	$	44,313
Derivatives		-			5,444			23			(5,121)		345
Total	$	188		$	45,163		$	4,429		$	(5,121)	$	44,658
Liabilities
Derivatives	$	-		$	4,880		$	2		$	(4,449)	$	434
Other(d)		-			1,143			-			-		1,143
Total	$	-		$	6,024		$	2		$	(4,449)	$	1,577

(a) There were no significant transfers between Level 1 and Level 2 for the three months ended March 31, 2017 and 2016.

(b)Includes debt securities classified within Level 3 of $3,407 million of U.S. corporate and $240 million of Non-U.S. corporate at March 31, 2017, and $3,399 million of U.S. corporate and $688 million of Non-U.S. corporate. securities at December 31, 2016.

(c)See Notes 3, 16 and 21 for additional information on the composition of our investment securities and derivative portfolios.

(d) Primarily represents the liabilities associated with certain of our deferred incentive compensation plans

Changes in level 3 instruments

CHANGES IN LEVEL 3 INSTRUMENTS FOR THE THREE MONTHS ENDED
			Net realized/			Net realized/
			unrealized		unrealized
			gains			gains
			(losses)			(losses)							Transfers		Transfers
	Balance at		included in			included							into		out of		Balance at
(In millions)	January 1		earnings(a)			in AOCI	Purchases(b)		Sales		Settlements		Level 3		Level 3		March 31
2017
Investment securities	$	4,406	$	9	$	6	$	92	$	-	$	(88)	$	11	$	(470)	$	3,967
Derivatives		21		1		(1)		(1)		-		(2)		-		(1)		17
Other		-		-		-		-		-		-		-		-		-
Total	$	4,427	$	10	$	5	$	91	$	-	$	(90)	$	12	$	(471)	$	3,985
2016
Investment securities	$	3,695	$	(12)	$	64	$	60	$	(5)	$	(9)	$	-	$	(15)	$	3,777
Derivatives		88		4		-		-		-		1		(11)		(1)		82
Other		259		-		-		-		-		-		-		(259)		-
Total	$	4,042	$	(8)	$	63	$	60	$	(5)	$	(8)	$	(11)	$	(275)	$	3,859

• Earnings effects are primarily included in the “GE Capital revenues from services” and “Interest and other financial charges” captions in the Statement of Earnings.
• Includes $91 million of U.S. corporate for the three months ended March 31, 2017.

Non-recurring fair value amounts (as measured at the time of the adjustment) for those assets remeasured to fair value on a non-recurring basis

	Remeasured during the three months ended March 31, 2017					Remeasured during the year ended December 31, 2016
(In millions)	Level 2		Level 3		Level 2		Level 3
Financing receivables and financing receivables held for sale	$	-	$	-	$	-	$	30
Cost and equity method investments		-		-		-		103
Long-lived assets		-		358		17		1,055
Total	$	-	$	358	$	17	$	1,189

Fair value adjustments to assets measured on a non-recurring basis

	Three months ended March 31
(In millions)	2017		2016
Financing receivables and financing receivables held for sale	$	-	$	(23)
Cost and equity method investments		(9)		(115)
Long-lived assets		(35)		(58)
Total	$	(44)	$	(197)

Significant Unobservable Inputs Used For Level Three Recurring And Nonrecurring Measurements [Table Text Block]

LEVEL 3 MEASUREMENTS - SIGNIFICANT UNOBSERVABLE INPUTS
					Range
(Dollars in millions)	Fair value		Valuation technique	Unobservable inputs	(weighted-average)
March 31, 2017
Recurring fair value measurements
Investment securities (b)	$	974	Income approach	Discount rate(a)	1.8%-24.2% (7.4%)
Non-recurring fair value measurements
Long-lived assets		57	Income approach	Discount rate(a)	2.5%-12.1% (6.5%)
December 31, 2016
Recurring fair value measurements
Investment securities (b)	$	830	Income approach	Discount rate(a)	1.4%-17.4% (7.9%)
Non-recurring fair value measurements
Financing receivables and
financing receivables held for sale	$	30	Income approach	Discount rate(a)	2.5%-30.0% (20.3%)
Cost and equity method investments		94	Income approach	Discount rate(a)	9.0%-30.0% (11.8%)
Long-lived assets		683	Income approach	Discount rate(a)	2.5%-20.0% (10.4%)

• Discount rates are determined based on inputs that market participants would use when pricing investments, including credit and liquidity risk. An increase in the discount rate would result in a decrease in the fair value.
• Comprises substantially all of U.S. corporate securities.