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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities

March 31, 2018

December 31, 2017
(In millions)
Amortized
cost

Gross
unrealized
gains

Gross
unrealized
losses

Estimated
fair value(a)


Amortized
cost

Gross
unrealized
gains

Gross
unrealized
losses

Estimated
fair value(a)











Debt









U.S. corporate
$
21,637

$
3,014

$
(130
)
$
24,522


$
20,104

$
3,775

$
(35
)
$
23,843

Non-U.S. corporate
3,394

77

(14
)
3,458


5,455

86

(13
)
5,528

State and municipal
3,674

439

(53
)
4,061


3,775

534

(40
)
4,269

Mortgage and asset-backed
3,313

62

(45
)
3,330


2,820

81

(23
)
2,878

Government and agencies
1,636

64

(68
)
1,632


1,927

75

(2
)
2,000

Equity (b)
154

—

—

154


166

12

—

178

Total
$
33,808

$
3,657

$
(309
)
$
37,156


$
34,246

$
4,564

$
(114
)
$
38,696


(a)
Included $544 million and $569 million of investment securities held by GE at March 31, 2018 and December 31, 2017, respectively, of which $119 million and $141 million are equity securities with readily determinable fair value.
(b)
Net unrealized gains (losses) recorded to earnings related to these securities with readily determinable fair value were $(17) million and an insignificant amount for the three months ended March 31, 2018 and 2017, respectively.

Estimated Fair Value and Gross Unrealized Losses of Available-for-Sale Debt Securities
ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE DEBT SECURITIES
 
In loss position for
 
Less than 12 months
 
12 months or more
(In millions)
Estimated
fair value

Gross
unrealized
losses

 
Estimated
fair value

Gross
unrealized
losses

 
 
 
 
 
 
March 31, 2018
 
 
 
 
 
U.S. corporate
$
3,160

$
(77
)
 
$
568

$
(53
)
Non-U.S. corporate
426

(5
)
 
2,041

(8
)
State and municipal
205

(4
)
 
263

(49
)
Mortgage and asset-backed
1,534

(30
)
 
325

(15
)
Government and agencies
486

(68
)
 
20

—

Total
$
5,810

$
(183
)
 
$
3,216

$
(125
)
 
 
 
 
 
 
December 31, 2017
 
 
 
 
 
U.S. corporate
$
502

$
(6
)
 
$
605

$
(30
)
Non-U.S. corporate
1,169

(4
)
 
3,685

(10
)
State and municipal
48

(1
)
 
272

(39
)
Mortgage and asset-backed
979

(11
)
 
318

(12
)
Government and agencies
395

(2
)
 
69

—

Total
$
3,093

$
(23
)
 
$
4,949

$
(91
)
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage and Asset-Backed Securities)
CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES
(EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES)
 
 
 
(In millions)
Amortized
cost

Estimated
fair value

 
 
 
Due
 
 
Within one year
$
2,729

$
2,730

After one year through five years
3,159

3,276

After five years through ten years
6,163

6,617

After ten years
18,352

21,124