XML 36 R24.htm IDEA: XBRL DOCUMENT v3.23.2
SHAREHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
SHAREHOLDERS' EQUITY
NOTE 17. SHAREHOLDERS’ EQUITY
Three months ended June 30Six months ended June 30
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI)
(Dividends per share in dollars)
2023202220232022
Beginning balance$(3,505)$(4,746)$(5,893)$(4,569)
AOCI before reclasses – net of taxes of $(13), $46, $(18) and $136
67 (760)220 (941)
Reclasses from AOCI – net of taxes of $0, $0, $(626) and $0(a)
27 — 2,262 — 
AOCI95 (760)2,481 (941)
Less AOCI attributable to noncontrolling interests(2)6 (3)2 
Currency translation adjustments AOCI$(3,409)$(5,512)$(3,409)$(5,512)
Beginning balance$4,214 $3,884 $6,531 $3,646 
AOCI before reclasses – net of taxes of $12, $32, $(1) and $57
41 97 (43)151 
Reclasses from AOCI – net of taxes of $(63), $51, $(657) and $106(a)
(214)192 (2,449)378 
AOCI(173)289 (2,492)529 
Less AOCI attributable to noncontrolling interests— — (2)2 
Benefit plans AOCI$4,041 $4,173 $4,041 $4,173 
Beginning balance$(1,222)$2,174 $(1,927)$5,172 
AOCI before reclasses – net of taxes of $(127), $(720), $61 and $(1,521)
(446)(2,714)272 (5,708)
Reclasses from AOCI – net of taxes of $(3), $5, $(3) and $7(a)
(28)19 (41)14 
AOCI(474)(2,695)231 (5,693)
Investment securities and cash flow hedges AOCI $(1,696)$(521)$(1,696)$(521)
Beginning balance$(2,776)$(5,427)$(983)$(9,109)
AOCI before reclasses – net of taxes of $71, $859, $(406) and $1,838
267 3,231 (1,527)6,913 
AOCI267 3,231 (1,527)6,913 
Long-duration insurance contracts AOCI$(2,510)$(2,196)$(2,510)$(2,196)
AOCI at June 30
$(3,573)$(4,057)$(3,573)$(4,057)
Dividends declared per common share$0.08 $0.08 $0.16 $0.16 
(a)The total reclassification from AOCI included $195 million, including currency translation of $2,234 million and benefit plans of $(2,030) million, net of taxes, in first quarter of 2023 related to the spin-off of GE HealthCare.

Preferred stock. GE preferred stock shares outstanding were 2,795,444 and 5,795,444 at June 30, 2023 and December 31, 2022, respectively. We redeemed $3,000 million of GE Series D preferred stock in the first quarter of 2023. On July 25, 2023, we announced our intention to redeem the remaining outstanding shares of GE preferred stock on September 15, 2023 for expected total cash spend of approximately $2,800 million.

Common stock. GE common stock shares outstanding were 1,088,378,193 and 1,089,107,878 at June 30, 2023 and December 31, 2022, respectively. For further information on our common and preferred stock issuances, please refer to our Annual Report on Form 10-K for the year ended December 31, 2022.