Shareowners' Equity (Tables)

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Income (Loss)
	Three months ended March 31
(In millions)	2014		2013

Investment securities
Beginning balance	$	307	$	677
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $246 and $(38)		447		(63)
Reclassifications from OCI – net of deferred taxes of $7 and $97		10		131
Other comprehensive income (loss)(a)		457		68
Less: OCI attributable to noncontrolling interests		-		1
Ending balance	$	764	$	744

Currency translation adjustments (CTA)
Beginning balance	$	126	$	412
OCI before reclassifications – net of deferred taxes of $71 and $(204)		47		(471)
Reclassifications from OCI – net of deferred taxes of $124 and $(34)		2		12
Other comprehensive income (loss)(a)		49		(459)
Less: OCI attributable to noncontrolling interests		(2)		(4)
Ending balance	$	177	$	(43)

Cash flow hedges
Beginning balance	$	(257)	$	(722)
OCI before reclassifications – net of deferred taxes of $71 and $72		99		(76)
Reclassifications from OCI – net of deferred taxes of $(6) and $(47)		(31)		178
Other comprehensive income (loss)(a)		68		102
Less: OCI attributable to noncontrolling interests		-		-
Ending balance	$	(189)	$	(620)

Benefit plans
Beginning balance	$	(9,296)	$	(20,597)
Net actuarial gain (loss) – net of deferred taxes of $42 and $53		172		83
Prior service cost amortization – net of deferred taxes of $64 and $67		93		98
Net actuarial loss amortization – net of deferred taxes
of $213 and $339		430		672
Other comprehensive income (loss)(a)		695		853
Less: OCI attributable to noncontrolling interests		-		1
Ending balance	$	(8,601)	$	(19,745)

Accumulated other comprehensive income (loss) at March 31	$	(7,849)	$	(19,664)

Total other comprehensive income (loss) was $1,269 million and $564 million for the three months ended March 31, 2014 and 2013, respectively.

Reclassification out of Accumulated Other Comprehensive Income

Reclassification out of AOCI

	Three months ended March 31
(In millions)	2014		2013		Statement of Earnings Caption

Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	(17)	$	(228)	Other income
		7		97	Benefit (provision) for income taxes
	$	(10)	$	(131)	Net of tax

Currency translation adjustments
Gains (losses) on dispositions	$	(126)	$	22	Costs and expenses
		124		(34)	Benefit (provision) for income taxes
	$	(2)	$	(12)	Net of tax

Cash flow hedges
Gains (losses) on interest rate derivatives	$	(69)	$	(102)	Interest and other financial charges
Foreign exchange contracts		128		(51)	(a)
Other		(22)		22	(b)
		37		(131)	Total before tax
		(6)		(47)	Benefit (provision) for income taxes
	$	31	$	(178)	Net of tax

Benefit plan items
Amortization of prior service costs	$	(157)	$	(165)	(c)
Amortization of actuarial gains (losses)		(643)		(1,011)	(c)
		(800)		(1,176)	Total before tax
		277		406	Benefit (provision) for income taxes
	$	(523)	$	(770)	Net of tax

Total reclassification adjustments	$	(504)	$	(1,091)	Net of tax

Included $134 million and $(33) million in GECC revenues from services and $(6) million and $(18) million in interest and other financial charges for the three months ended March 31, 2014 and 2013, respectively.
Primarily recorded 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 9 for further information.

Changes to noncontrolling interests

Noncontrolling Interests

	Three months ended March 31
(In millions)	2014		2013

Beginning balance	$	6,217	$	5,444
Net earnings (loss)		(33)		(16)
Dividends		(10)		(18)
Dispositions		-		(104)
Other (including AOCI)		9		30
Ending balance	$	6,183	$	5,336