Shareowners' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

(In millions)		2013		2012		2011

Preferred stock issued	$	-	$	-	$	-
Common stock issued	$	702	$	702	$	702
Accumulated other comprehensive income
Balance at January 1	$	(20,230)	$	(23,974)	$	(17,855)
Other comprehensive income before reclassifications		8,844		841		(9,601)
Reclassifications from other comprehensive income		2,266		2,903		3,482
Other comprehensive income, net, attributable to GE		11,110		3,744		(6,119)
Balance at December 31	$	(9,120)	$	(20,230)	$	(23,974)
Other capital
Balance at January 1	$	33,070	$	33,693	$	36,890
Gains (losses) on treasury stock dispositions and other		(576)		(623)		(703)
Preferred stock redemption		-		-		(2,494)
Balance at December 31	$	32,494	$	33,070	$	33,693
Retained earnings
Balance at January 1	$	144,055	$	137,786	$	131,137
Net earnings attributable to the Company		13,057		13,641		14,151
Dividends(a)		(8,060)		(7,372)		(7,498)
Other		(1)		-		(4)
Balance at December 31	$	149,051	$	144,055	$	137,786
Common stock held in treasury
Balance at January 1	$	(34,571)	$	(31,769)	$	(31,938)
Purchases		(10,466)		(5,295)		(2,067)
Dispositions		2,476		2,493		2,236
Balance at December 31	$	(42,561)	$	(34,571)	$	(31,769)
Total equity
GE shareowners' equity balance at December 31	$	130,566	$	123,026	$	116,438
Noncontrolling interests balance at December 31		6,217		5,444		1,696
Total equity balance at December 31	$	136,783	$	128,470	$	118,134

(a) Included $1,031 million ($806 million related to our preferred stock redemption) of dividends on preferred stock in 2011.

Common Shares Issued and Outstanding

December 31 (In thousands)	2013	2012	2011

Issued	11,693,841	11,693,841	11,693,841
In treasury	(1,632,960)	(1,288,216)	(1,120,824)
Outstanding	10,060,881	10,405,625	10,573,017

Accumulated other comprehensive income

Accumulated Other Comprehensive Income

(In millions)		2013		2012		2011

Investment securities
Balance at January 1	$	677	$	(30)	$	(636)
OCI before reclassifications - net of deferred taxes of $(407), $387 and $341(a)		(692)		683		577
Reclassifications from OCI - net of deferred taxes of $222, $13 and $1		318		22		31
Other comprehensive income(b)		(374)		705		608
Less: OCI attributable to noncontrolling interests		(4)		(2)		2
Balance at December 31	$	307	$	677	$	(30)

Currency translation adjustments (CTA)
Balance at January 1	$	412	$	133	$	(86)
OCI before reclassifications - net of deferred taxes of $(613), $(266) and $(717)		510		474		(201)
Reclassifications from OCI - net of deferred taxes of $793, $54 and $357		(818)		(174)		381
Other comprehensive income(b)		(308)		300		180
Less: OCI attributable to noncontrolling interests		(22)		21		(39)
Balance at December 31	$	126	$	412	$	133

Cash flow hedges
Balance at January 1	$	(722)	$	(1,176)	$	(1,280)
OCI before reclassifications - net of deferred taxes of $250, $392 and $238		738		385		(860)
Reclassifications from OCI - net of deferred taxes of $(177), $(245) and $202		(271)		68		978
Other comprehensive income(b)		467		453		118
Less: OCI attributable to noncontrolling interests		2		(1)		14
Balance at December 31	$	(257)	$	(722)	$	(1,176)

Benefit plans
Balance at January 1	$	(20,597)	$	(22,901)	$	(15,853)
Prior service credit (cost) - net of deferred taxes of $(5), $304 and $(276)		(6)		534		(495)
Net actuarial gain (loss) - net of deferred taxes of $4,506, $(574) and $(4,746)		8,269		(1,396)		(8,637)
Net curtailment/settlement - net of deferred taxes of $0, $123 and $0		-		174		-
Prior service cost amortization - net of deferred taxes of $267, $326 and $341		397		497		514
Net actuarial loss amortization - net of deferred taxes of $1,343, $1,278 and $811		2,640		2,490		1,578
Other comprehensive income(b)		11,300		2,299		(7,040)
Less: OCI attributable to noncontrolling interests		(1)		(5)		8
Balance at December 31	$	(9,296)	$	(20,597)	$	(22,901)

Accumulated other comprehensive income at December 31	$	(9,120)	$	(20,230)	$	(23,974)

Includes adjustments of $(1,171) million, $527 million and $786 million in 2013, 2012 and 2011, respectively, to deferred acquisition costs, present value of future profits, and investment contracts, insurance liabilities and insurance 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 and losses actually been realized.
Total other comprehensive income was $11,085 million, $3,757 million and $(6,134) million in 2013, 2012 and 2011, respectively.

Reclassification out of Accumulated Other Comprehensive Income

Reclassification out of AOCI

Components of AOCI	2013		2012		2011		Statement of Earnings Caption

Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	(540)	$	(35)	$	(32)	Other income
		222		13		1	Tax (expense) or benefit
	$	(318)	$	(22)	$	(31)	Net of tax

Currency translation adjustments
Gains (losses) on dispositions	$	25	$	120	$	(738)	Costs and expenses
		793		54		357	Tax (expense) or benefit
	$	818	$	174	$	(381)	Net of tax

Cash flow hedges
Gains (losses) on interest rate derivatives	$	(364)	$	(499)	$	(820)	Interest and other financial charges
Foreign exchange contracts		564		792		(510)	(a)
Other		248		(116)		150	(b)
		448		177		(1,180)	Total before tax
		(177)		(245)		202	Tax (expense) or benefit
	$	271	$	(68)	$	(978)	Net of tax

Benefit plan items
Amortization of prior service costs	$	(664)	$	(823)	$	(855)	(c)
Amortization of actuarial gains (losses)		(3,983)		(3,768)		(2,389)	(c)
		(4,647)		(4,591)		(3,244)	Total before tax
		1,610		1,604		1,152	Tax (expense) or benefit
	$	(3,037)	$	(2,987)	$	(2,092)	Net of tax

Total reclassification adjustments	$	(2,266)	$	(2,903)	$	(3,482)	Net of tax

Includes $608 million, $894 million and $(310) million in GECC revenues from services and $(44) million, $(102) million and $(200) million in interest and other financial charges for the years ended December 31, 2013, 2012 and 2011, respectively.
Primarily included in costs and expenses.
Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note 12 for further information.

Noncontrolling Interests in Equity of Consolidated Affiliates

December 31 (In millions)		2013		2012

GECC preferred stock	$	4,950	$	3,960
Other noncontrolling interests in consolidated affiliates(a)		1,267		1,484
Total	$	6,217	$	5,444

(a) Consisted of a number of individually insignificant noncontrolling interests in partnerships and consolidated affiliates.

Changes to noncontrolling interests

	Years ended December 31
(In millions)		2013		2012		2011

Beginning balance	$	5,444	$	1,696	$	5,262
Net earnings		298		223		292
GECC issuance of preferred stock		990		3,960		-
GECC preferred stock dividend		(298)		(123)		-
Repurchase of NBCU shares(a)		-		-		(3,070)
Dispositions(b)		(175)		-		(609)
Dividends		(80)		(42)		(34)
Other (including AOCI)(c)		38		(270)		(145)
Ending balance	$	6,217	$	5,444	$	1,696

(a) In January 2011 and prior to the transaction with Comcast, we acquired 12.3% of NBCU's outstanding shares from Vivendi for $3,673 million and made an additional payment of $222 million related to previously purchased shares. Of these amounts, $3,070 million reflects a reduction in carrying value of noncontrolling interests. The remaining amount of $825 million represents the amount paid in excess of our carrying value, which was recorded as an increase in our basis in NBCU.

(b) Includes noncontrolling interests related to the sale of GE SeaCo of $311 million and the redemption of Heller Financial preferred stock of $275 million in 2011.