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SHAREOWNERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
 
 
 
Three months ended September 30
Nine months ended September 30
(In millions)
2017

2016

2017

2016

 
 
 
 
 
Investment securities
 
 
 
 
Beginning balance
$
866

$
1,077

$
674

$
460

Other comprehensive income (loss) (OCI) before reclassifications – net of deferred taxes of $45, $48, $204 and $352
54

97

363

675

Reclassifications from OCI – net of deferred taxes of $(17), $5, $(78) and $36
(32
)
1

(150
)
40

Other comprehensive income (loss)(a)
21

97

213

715

Less OCI attributable to noncontrolling interests
1

(2
)
1

(1
)
Ending balance
$
887

$
1,176

$
887

$
1,176

 
 
 
 
 
Currency translation adjustments (CTA)
 
 
 
 
Beginning balance
$
(5,481
)
$
(5,448
)
$
(6,816
)
$
(5,499
)
OCI before reclassifications – net of deferred taxes of $(407), $5, $(648) and $222
710

(280
)
1,463

(138
)
Reclassifications from OCI – net of deferred taxes of $2, $(6), $(538) and $74
(196
)
85

391

1

Other comprehensive income (loss)(a)
513

(194
)
1,854

(138
)
Less OCI attributable to noncontrolling interests
125

0

131

6

Ending balance
$
(5,092
)
$
(5,643
)
$
(5,092
)
$
(5,643
)
 
 
 
 
 
Cash flow hedges
 
 
 
 
Beginning balance
$
22

$
(51
)
$
12

$
(80
)
OCI before reclassifications – net of deferred taxes of $55, $(12), $53 and $(17)
175

(21
)
239

(61
)
Reclassifications from OCI – net of deferred taxes of $(28), $6, $(37) and $7
(75
)
52

(129
)
121

Other comprehensive income (loss)(a)
100

30

109

60

Less OCI attributable to noncontrolling interests
3

—

3

—

Ending balance
$
119

$
(21
)
$
119

$
(21
)
 
 
 
 
 
Benefit plans
 
 
 
 
Beginning balance
$
(10,860
)
$
(10,476
)
$
(12,469
)
$
(11,410
)
Prior service credit (costs) - net of deferred taxes of $0, $0, $0 and $5
—

—

—

23

Net actuarial gain (loss) – net of deferred taxes of $(49), $49, $84 and $6
(132
)
83

367

71

Net curtailment/settlement - net of deferred taxes of $3, $0, $19 and $0
8

—

38

(1
)
Prior service cost amortization – net of deferred taxes of $17, $22, $55 and $63
13

12

34

45

Net actuarial loss amortization – net of deferred taxes of $255, $216, $759 and $649
536

453

1,595

1,343

Other comprehensive income (loss)(a)
423

548

2,032

1,481

Less OCI attributable to noncontrolling interests
(1
)
6

(1
)
5

Ending balance
$
(10,436
)
$
(9,934
)
$
(10,436
)
$
(9,934
)
 
 
 
 
 
Accumulated other comprehensive income (loss) at September 30
$
(14,523
)
$
(14,422
)
$
(14,523
)
$
(14,422
)
(a)
Total other comprehensive income (loss) was $1,058 million and $481 million in the three months ended September 30, 2017 and 2016, respectively, and $4,209 million and $2,117 million in the nine months ended September 30, 2017 and 2016 respectively.
Schedule of Reclassification Out of AOCI
RECLASSIFICATION OUT OF AOCI
 
 
 
 
 
 
 
Three months ended
 
Nine months ended
 
 
September 30
 
September 30
 
(In millions)
2017

2016

 
2017

2016

Statement of Earnings caption
 
 
 
 
 
 
 
Available-for-sale securities
 
 
 
 
 
 
Gains (losses) on securities
$
49

$
(6
)
 
$
228

$
(76
)
Total revenues and other income(a)
Income taxes
(17
)
5

 
(78
)
36

Benefit (provision) for income taxes(b)
Net of tax
$
32

$
(1
)
 
$
150

$
(40
)
 
Currency translation adjustments
 
 
 
 
 
 
Gains (losses) on dispositions
$
194

$
(79
)
 
$
147

$
(74
)
Total revenues and other income(c)
Income taxes
2

(6
)
 
(538
)
74

Benefit (provision) for income taxes(d)
Net of tax
$
196

$
(85
)
 
$
(391
)
$
(1
)
 
Cash flow hedges
 
 
 
 
 
 
Gains (losses) on interest rate derivatives
$
(6
)
$
(12
)
 
$
(21
)
$
(67
)
Interest and other financial charges
Foreign exchange contracts
98

(43
)
 
176

(47
)
(e)
Other
12

(3
)
 
13

(14
)
(f)
    Total before tax
104

(57
)
 
167

(128
)
 
Income taxes
(28
)
6

 
(37
)
7

Benefit (provision) for income taxes
    Net of tax
$
75

$
(52
)
 
$
129

$
(121
)
 
Benefit plan items
 
 
 
 
 
 
Curtailment gain (loss)
$
(11
)
$
—

 
$
(57
)
$
1

(g)
Amortization of prior service cost
(30
)
(34
)
 
(89
)
(108
)
(g)
Amortization of actuarial gains (losses)
(791
)
(669
)
 
(2,354
)
(1,992
)
(g)
    Total before tax
(832
)
(703
)
 
(2,500
)
(2,099
)
 
Income taxes
275

238

 
833

712

Benefit (provision) for income taxes
    Net of tax
$
(557
)
$
(465
)
 
$
(1,667
)
$
(1,387
)
 
 
 
 
 
 
 
 
Total reclassification adjustments (net of tax)
$
(254
)
$
(602
)
 
$
(1,779
)
$
(1,548
)
(h)
(a)
Included insignificant amounts for the three months ended September 30, 2017 and 2016, and an insignificant amount and $(72) million for the nine months ended September 30, 2017 and 2016, respectively in earnings (loss) from discontinued operations, net of taxes.
(b)
Included an insignificant amount and $3 million for the three months ended September 30, 2017 and 2016, and an insignificant amount and $34 million for the nine months ended September 30, 2017 and 2016 respectively in earnings (loss) from discontinued operations, net of taxes.
(c)
Included zero and $(79) million for the three months ended September 30, 2017 and 2016, and $32 million and $(8) million for the nine months ended September 30, 2017 and 2016 respectively in earnings (loss) from discontinued operations, net of taxes.
(d)
Included zero and $(7) million for the three months ended September 30, 2017 and 2016, and $(541) million and $73 million for the nine months ended September 30, 2017 and 2016 respectively in earnings (loss) from discontinued operations, net of taxes
(e)
Primarily includes $105 million and $(30) million in GE Capital revenues from services and $(8) million and $(13) million in interest and other financial charges in the three months ended September 30, 2017 and 2016, respectively and $206 million and $1 million in GE Capital revenues from services and $(30) million and $(48) million in interest and other financial charges in the nine months ended September 30, 2017 and 2016, respectively.
(f)
Primarily recorded in costs and expenses.
(g)
Curtailment gain (loss), amortization of prior service cost and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 12 for further information.
(h)
Included $146 million after-tax reclassification of AOCI to additional paid in capital as a result of recognition of noncontrolling interest in GE Oil & Gas as part of Baker Hughes transaction for the three and nine months ended September 30, 2017.
Schedule of Changes to Noncontrolling Interests
CHANGES TO NONCONTROLLING INTERESTS
 
 
 
 
Three months ended September 30
 
Nine months ended September 30
(In millions)
2017

2016

 
2017

2016


 
 
 
 
 
Beginning balance
$
1,634

$
1,693

 
$
1,663

$
1,864

Net earnings (loss)
(93
)
6

 
(73
)
(62
)
Dividends
(99
)
(25
)
 
(130
)
(47
)
Dispositions
(77
)
(53
)
 
(85
)
(94
)
Other (including AOCI)(a)(b)(c)
16,582

42

 
16,572

1

Ending balance at September 30
$
17,947

$
1,663

 
$
17,947

$
1,663

(a)
Includes research & development partner funding arrangements and acquisitions.
(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.
(c)
2017 includes $16,470 million related to Baker Hughes transaction. See Note 8 for further information.

Schedule of Changes to Redeemable Noncontrolling Interests
CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
 
 
 
 
 
Three months ended September 30
 
Nine months ended September 30
(In millions)
2017

2016

 
2017

2016

 
 
 
 
 
 
Beginning balance
$
3,193

$
3,070

 
$
3,025

$
2,972

Net earnings (loss)
(49
)
(82
)
 
(158
)
(221
)
Dividends
(12
)
(8
)
 
(22
)
(17
)
Redemption value adjustment
63

68

 
177

178

Other
248

3

 
419

138

Ending balance at September 30(a)
$
3,441

$
3,051

 
$
3,441

$
3,051


(a)
Included $3,106 million and $2,942 million related to the Alstom joint ventures at September 30, 2017 and 2016, respectively.