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SHAREOWNERS’ EQUITY (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Schedule of Shareowners' Equity
 
Three months ended March 31
(In millions)
2018

2017

 
 
 
Preferred stock issued
$
6

$
6

Common stock issued
$
702

$
702

Accumulated other comprehensive income (loss)
 
 
Balance at January 1
$
(14,404
)
$
(18,588
)
Other comprehensive income (loss) before reclassifications
 
 
Investment securities - net of deferred taxes of $65 and $13(a)
109

18
Currency translation adjustments (CTA) - net of deferred taxes of $(149) and $(33)
832

258
Cash flow hedges - net of deferred taxes of $31 and $5
105

20
Benefit plans - net of deferred taxes of $(1) and $101
(58
)
474
Total
$
988

$
770

Reclassifications from other comprehensive income
 
 
Investment securities - net of deferred taxes of $(2) and $(36)(b)
(10
)
(69
)
Currency translation gains (losses) on dispositions - net of deferred taxes of zero and $(540)(b)
(2
)
554

Cash flow hedges - net of deferred taxes of $(15) and $1(c)
(50
)
—

Benefit plans - net of deferred taxes of $218 and $288(d)
775

574

Total
$
713

$
1,059

Other comprehensive income (loss)
1,702

1,828

Less other comprehensive income (loss) attributable to noncontrolling interests
160

6

Other comprehensive income (loss), net, attributable to GE
$
1,542

$
1,822

Ending Balance
$
(12,862
)
$
(16,766
)
Other capital
 
 
Balance at January 1
$
37,384

$
37,224

Gains (losses) on treasury stock dispositions and other
(45
)
224

Ending Balance
$
37,339

$
37,448

Retained earnings
 
 
Balance at January 1(e)
$
117,245

$
133,856

Net earnings (loss) attributable to the Company
(1,147
)
(83
)
Dividends and other transactions with shareowners
(1,078
)
(2,128
)
Redemption value adjustment on redeemable noncontrolling interests(f)
(44
)
(101
)
Other changes(g)
500

—

Ending Balance
$
115,477

$
131,544

Common stock held in treasury
 
 
Balance at January 1
$
(84,902
)
$
(83,038
)
Purchases
(85
)
(2,359
)
Dispositions
290

564

Ending Balance
$
(84,697
)
$
(84,833
)
Total equity
 
 
GE shareowners' equity balance
$
55,965

$
68,100

Noncontrolling interests balance
17,228

1,639

Total equity balance at March 31
$
73,193

$
69,740


(a)
Included adjustments of $938 million and $(99) million for the three months ended March 31, 2018 and 2017, respectively, to investment contracts, insurance liabilities and annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized had the related unrealized investment securities holding gains been realized. See Note 12 for further information.
(b)
Recorded in total revenues and other income and income taxes in benefit (provision) for income taxes in the Statement of Earnings (Loss). Currency translation gains (losses) on dispositions included zero and $510 million million for the three months ended March 31, 2018 and 2017, respectively, in earnings (loss) from discontinued operations, net of taxes.
(c)
Cash flow hedges primarily includes impact of foreign exchange contracts and gains (losses) on interest rate derivatives, primarily recorded in GE Capital revenue from services, interest and other financial charges and other costs and expenses. See Note 17 for further information.
(d)
Primarily includes amortization of actuarial gains (losses), amortization of prior service cost and curtailment gain (loss). These components are included in the computation of net periodic pension cost. See Note 13 for further information.
(e)
Amount has been adjusted to reflect retrospective adoption of ASC 606 ($8,061 million) and preferable accounting change from LIFO to FIFO ($377 million).
(f)
Amount of redemption value adjustment on redeemable noncontrolling interest shown net of deferred taxes.
(g)
On January 1, 2018, we adopted several new accounting standards on a modified retrospective basis. Cumulative impact of these changes was recorded in the opening retained earnings and it increased our retained earnings by $500 million, primarily due to an increase of $464 million related to ASU 2016-16. See Note 1 for further information.
Changes to Noncontrolling Interests
CHANGES TO NONCONTROLLING INTERESTS
 
Three months ended March 31
(In millions)
2018

2017


 
 
Balance at January 1
$
17,468

$
1,663

Net earnings (loss)
67

5

Dividends
(83
)
(9
)
Other(a)
(224
)
(20
)
Ending balance at March 31
$
17,228

$
1,639

(a)
Includes impact of AOCI, acquisitions, dispositions and BHGE stock repurchases.

Changes to Redeemable Noncontrolling Interests
CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
 
 
Three months ended March 31
(In millions)
2018

2017

 
 
 
Balance at January 1
$
3,391

$
3,017

Net earnings (loss)
(33
)
(109
)
Dividends
(13
)
(10
)
Redemption value adjustment
65

101

Other
139

47

Balance at March 31(a)
$
3,549

$
3,046


(a)
Included $3,208 million and $2,760 million related to the Alstom joint ventures at March 31, 2018 and 2017, respectively.