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Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2017
Summary Of Derivative Instruments [Abstract]  
Estimated fair value of assets and liabilities
March 31, 2017December 31, 2016
CarryingCarrying
amountEstimatedamountEstimated
(In millions)(net)fair value(net)fair value
GE
Assets
   Investments and notes receivable$1,283$1,352$1,526$1,595
Liabilities
   Borrowings(a)(b)19,61020,47219,18419,923
Borrowings (debt assumed)(a)(c)54,39261,30760,10966,998
GE Capital
Assets
   Loans18,83718,83321,06020,830
   Other commercial mortgages1,4201,4931,4101,472
   Loans held for sale740740473473
   Other financial instruments(d)118163121150
Liabilities
   Borrowings(a)(e)(f)(g)55,82859,70958,52362,024
   Investment contracts 2,7243,1642,8133,277

(a) See Note 10.

(b) Included $187 million and $115 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(c) Included $599 million and $803 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(d) Principally comprises cost method investments.

(e) Fair values exclude interest rate and currency derivatives designated as hedges of borrowings. Had they been included, the fair value of borrowings at March 31, 2017 and December 31, 2016 would have been reduced by $2,309 million and $2,397 million, respectively.

(f) Included $611 million and $775 million of accrued interest in estimated fair value at March 31, 2017 and December 31, 2016, respectively.

(g) Excluded $50,317 million and $58,780 million of net intercompany payable to GE at March 31, 2017 and December 31, 2016 respectively.
Loan commitments
NOTIONAL AMOUNTS OF LOAN COMMITMENTS
(In millions)March 31, 2017December 31, 2016
Ordinary course of business lending commitments(a)$956$687
Unused revolving credit lines 236238

(a) Excluded investment commitments of $555 million and $522 million at March 31, 2017 and December 31, 2016, respectively.
Financial statements effects of cash flow hedges
FINANCIAL STATEMENT EFFECTS - CASH FLOW HEDGES
Three months ended March 31
(In millions)20172016
Balance sheet changes
Fair value of derivatives increase (decrease)$22$(56)
Shareowners' equity (increase) decrease(22)57
Earnings (loss) related to ineffectiveness-1
Earnings (loss) effect of derivatives(a)(1)(84)
(a) Offsets earnings effect of the hedged forecasted transaction

Interest rate forwards/swapsInterest rate increasesInterest rate decreases
Pay fixed rate/receive floating rateFair value increasesFair value decreases
Currency forwards/swapsU.S. dollar strengthensU.S. dollar weakens
Pay U.S. dollars/receive foreign currencyFair value decreasesFair value increases
Commodity derivativesPrice increasesPrice decreases
Receive commodity/ pay fixed priceFair value increasesFair value decreases
Financial statements effects of fair value hedges
FINANCIAL STATEMENT EFFECTS - FAIR VALUE HEDGES
Three months ended March 31
(In millions)20172016
Balance sheet changes
Fair value of derivative increase (decrease)$(225)$1,723
Adjustment to carrying amount of hedged debt (increase) decrease163(1,754)
Earnings (loss) related to hedge ineffectiveness(62)(32)

Interest rate forwards/swapsInterest rate increasesInterest rate decreases
Pay floating rate/receive fixed rateFair value decreasesFair value increases
Financial statements effects of net investment hedges
FINANCIAL STATEMENT EFFECTS - NET INVESTMENT HEDGES
Three months ended March 31
(In millions)20172016
Balance sheet changes
Fair value of derivatives increase (decrease)$(92)$329
Fair value of non-derivatives (increase) decrease(471)273
Shareowners' equity (increase) decrease573(569)
Earnings (loss) related to spot-forward differences and ineffectiveness1032
Earnings (loss) related to reclassification upon sale or liquidation(a)60(693)

(a) Included $60 million and $(693) million recorded in discontinued operations in the three months ended March 31, 2017 and 2016, respectively.

Currency forwards/swapsU.S. dollar strengthensU.S. dollar weakens
Receive U.S. dollars/pay foreign currencyFair value increasesFair value decreases
Financial statements effects of economic hedges
FINANCIAL STATEMENT EFFECTS - ECONOMIC HEDGES
Three months ended March 31
(In millions)20172016
Balance sheet changes
Change in fair value of economic hedge increase (decrease)$(339)$(278)
Change in carrying amount of item being hedged increase (decrease)22487
Earnings (loss) effect of economic hedges(a)(115)(191)

(a) Offset by the future earnings effects of economically hedged item.

Interest rate forwards/swaps interest rateInterest rate increasesInterest rate decreases
Pay floating rate/receive fixed rateFair value decreasesFair value increases
Currency forwards/swapsU.S. dollar strengthensU.S. dollar weakens
Pay U.S. dollars/receive foreign currencyFair value decreasesFair value increases
Receive U.S. dollars/pay foreign currencyFair value increasesFair value decreases
Commodity derivativesPrice increasesPrice decreases
Receive commodity/ pay fixed priceFair value increasesFair value decreases
Carry amounts related to derivatives
CARRYING AMOUNTS RELATED TO DERIVATIVES
(In millions)March 31, 2017December 31, 2016
Derivative assets$4,332$5,467
Derivative liabilities(3,717)(4,883)
Accrued interest352792
Cash collateral & credit valuation adjustment(934)(672)
Net Derivatives33703
Securities held as collateral(323)(442)
Net amount$(291)$262
Effects of derivatives on earnings
Three months ended March 31
(In millions)Effect on hedging instrumentEffect on underlyingEffect on earnings
2017
Cash flow hedges$22$(22)$-
Fair value hedges(225)163(62)
Net investment hedges(a)(563)57310
Economic hedges(b) (339)224(115)
Total$(167)

2016
Cash flow hedges$(56)$57$1
Fair value hedges1,723(1,754)(32)
Net investment hedges(a)602(569)32
Economic hedges(b) (278)87(191)
Total$(190)

(a) Both derivatives and non-derivatives hedging instruments are included.

(b) Net effect is substantially offset by the change in fair value of the hedged item that will affect earnings in future periods.