XML 126 R38.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareowners' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Shareowners' equity
(In millions)2013 2012 2011
         
Preferred stock issued$ - $ - $ -
         
Common stock issued$ - $ - $ -
         
Accumulated other comprehensive income        
Balance at January 1$ (940) $(2,096) $ (3,711)
Other comprehensive income before reclassifications  433  1,312   78
Reclassifications from other comprehensive income  (527)  (156)   1,537
Other comprehensive income, net, attributable to GECC  (94)  1,156   1,615
Balance at December 31$ (1,034) $(940) $ (2,096)
         
Additional paid-in capital        
Balance at January 1$ 31,586 $27,628 $ 27,627
Contributions and other  977  3,958   1
Balance at December 31$ 32,563 $31,586 $ 27,628
         
Retained earnings        
Balance at January 1$ 51,244 $51,578 $ 45,068
Net earnings  6,204  6,215   6,510
Dividends and other  (6,283)  (6,549)   -
Balance at December 31$ 51,165 $51,244 $ 51,578
         
Total equity        
GECC shareowners' equity balance at December 31$ 82,694 $81,890 $ 77,110
Noncontrolling interests balance at December 31  432  707   690
Total equity balance at December 31$ 83,126 $82,597 $ 77,800
         
         
Accumulated other comprehensive income
(In millions) 2013  2012  2011
         
Investment securities        
Balance at January 1$673 $(33) $(639)
OCI before reclassifications – net of deferred taxes of $(386), $386 and $341(a) (675)  685  575
Reclassifications from OCI – net of deferred taxes of $215, $12 and $1 306  22  31
Other comprehensive income(b)  (369)  707  606
Less: OCI attributable to noncontrolling interests (5)  1   -
Balance at December 31$309 $673 $(33)
         
Currency translation adjustments        
Balance at January 1$(131) $(399) $(1,411)
OCI before reclassifications –net of deferred taxes of $(655), $(261) and $(705) 247  411  603
Reclassifications from OCI – net of deferred taxes of $791, $55 and $357 (810)  (131)  381
Other comprehensive income(b)  (563)  280  984
Less: OCI attributable to noncontrolling interests (7)  12  (28)
Balance at December 31$(687) $(131) $(399)
         
Cash flow hedges        
Balance at January 1$(746) $(1,101) $(1,281)
OCI before reclassifications – net of deferred taxes of $235, $378 and $248 521  434  (910)
Reclassifications from OCI – net of deferred taxes of $(158), $(250) and $204 (66)  (80)  1,104
Other comprehensive income(b)  455  354  194
Less: OCI attributable to noncontrolling interests 2  (1)  14
Balance at December 31$(293) $(746) $(1,101)
         
Benefit plans        
Balance at January 1$(736) $(563) $(380)
Prior service credit (cost) – net of deferred taxes of $4, $0 and $(3) 24   -  (6)
Net actuarial gain (loss) – net of deferred taxes of $156, $(86) and $(104) 306  (206)  (198)
Prior service cost amortization – net of deferred taxes of $0, $0 and $0  -   -  (2)
Net actuarial loss amortization – net of deferred taxes of $16, $10 and $11 43  33  23
Other comprehensive income(b)  373  (173)  (183)
Less: OCI attributable to noncontrolling interests  -   -   -
Balance at December 31$(363) $(736) $(563)
         
Accumulated other comprehensive income at December 31$(1,034) $(940) $(2,096)
         
         

  • 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 $(104) million, $1,168 million and $1,601 million in 2013, 2012 and 2011, respectively.

 

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
Reclassification out of AOCI           
(In millions)           
           Statement of Earnings
Components of AOCI 2013 2012 2011 Caption
            
Available-for-sale securities           
Realized gains (losses) on           
sale/impairment of securities$(521) $(34) $(32)  Revenues from services
  215  12  1  Tax (expense) or benefit
 $(306) $(22) $(31)  Net of tax
            
Currency translation adjustments           
Gains (losses) on dispositions$19 $76 $(738)  Costs and expenses
  791  55  357  Tax (expense) or benefit
 $810 $131 $(381)  Net of tax
            
Cash flow hedges           
Gains (losses) on interest rate derivatives$(364) $(494) $(821)  Interest
Foreign exchange contracts 588  824  (487)  (a)
  224  330  (1,308)  Total before tax
  (158)  (250)  204  Tax (expense) or benefit
 $66 $80 $(1,104)  Net of tax
            
Benefit plan items           
Amortization of prior service cost$ - $ - $2  (b)
Amortization of actuarial gains (losses) (59)  (43)  (34)  (b)
  (59)  (43)  (32)  Total before tax
  16  10  11  Tax (expense) or benefit
 $(43) $(33) $(21)  Net of tax
            
Total reclassification adjustments$527 $156 $(1,537)  Net of tax
            
            

  • Includes $608 million, $894 million and $(310) million in revenues from services and $(20) million, $(70) million and $(177) million in interest for the years ended December 31, 2013, 2012 and 2011, respectively.
  • Amortization of actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.
Noncontrolling Interests in Equity of Consolidated Affiliates
December 31 (In millions)2013 2012
      
Noncontrolling interests in consolidated affiliates(a)$432 $707
      

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

 

Changes to noncontrolling interests
(In millions)2013 2012 2011
         
Beginning balance$707 $690 $1,164
Net earnings 53  63  127
Dispositions(a) (174)  0  (586)
Dividends (48)  (19)  (20)
Other (including AOCI) (106)  (27)  5
Ending balance$432 $707 $690
         

  • 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.