Schedule of Investment Securities |
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| June 30, 2018 |
| December 31, 2017 | (In millions) | Amortized cost |
| Gross unrealized gains |
| Gross unrealized losses |
| Estimated fair value(a) |
|
| Amortized cost |
| Gross unrealized gains |
| Gross unrealized losses |
| Estimated fair value(a) |
|
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| Debt |
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|
|
|
|
|
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|
| U.S. corporate | $ | 22,052 |
| $ | 2,537 |
| $ | (235 | ) | $ | 24,354 |
|
| $ | 20,104 |
| $ | 3,775 |
| $ | (35 | ) | $ | 23,843 |
| Non-U.S. corporate | 2,827 |
| 63 |
| (37 | ) | 2,852 |
|
| 5,455 |
| 86 |
| (13 | ) | 5,528 |
| State and municipal | 3,653 |
| 393 |
| (56 | ) | 3,990 |
|
| 3,775 |
| 534 |
| (40 | ) | 4,269 |
| Mortgage and asset-backed | 3,260 |
| 50 |
| (66 | ) | 3,244 |
|
| 2,820 |
| 81 |
| (23 | ) | 2,878 |
| Government and agencies | 1,576 |
| 64 |
| (27 | ) | 1,612 |
|
| 1,927 |
| 75 |
| (2 | ) | 2,000 |
| Equity (b) | 559 |
| — |
| — |
| 559 |
|
| 166 |
| 12 |
| — |
| 178 |
| Total | $ | 33,926 |
| $ | 3,107 |
| $ | (422 | ) | $ | 36,611 |
|
| $ | 34,246 |
| $ | 4,564 |
| $ | (114 | ) | $ | 38,696 |
|
| | (a) | Included $928 million and $569 million of investment securities held by GE at June 30, 2018 and December 31, 2017, respectively, of which $524 million and $141 million are equity securities with readily determinable fair value. |
| | (b) | These securities have readily determinable fair values and subsequent to the adoption of ASU 2016-01 on January 1, 2018, changes in fair value are recorded to earnings. Net unrealized gains (losses) recorded to earnings related to these securities were $293 million and $29 million for the three months ended and $276 million and $29 million for the six months ended June 30, 2018 and 2017, respectively. |
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Estimated Fair Value and Gross Unrealized Losses of Available-for-Sale Debt Securities |
| | | | | | | | | | | | | | | ESTIMATED FAIR VALUE AND GROSS UNREALIZED LOSSES OF AVAILABLE-FOR-SALE DEBT SECURITIES | | In loss position for | | Less than 12 months | | 12 months or more | (In millions) | Estimated fair value |
| Gross unrealized losses |
| | Estimated fair value |
| Gross unrealized losses |
| | | | | | | June 30, 2018 | | | | | | U.S. corporate | $ | 5,536 |
| $ | (170 | ) | | $ | 566 |
| $ | (65 | ) | Non-U.S. corporate | 1,043 |
| (33 | ) | | 1,282 |
| (5 | ) | State and municipal | 317 |
| (6 | ) | | 282 |
| (50 | ) | Mortgage and asset-backed | 1,826 |
| (47 | ) | | 384 |
| (19 | ) | Government and agencies | 488 |
| (26 | ) | | 109 |
| (1 | ) | Total | $ | 9,210 |
| $ | (282 | ) | | $ | 2,623 |
| $ | (140 | ) | | | | | | | December 31, 2017 | | | | | | U.S. corporate | $ | 502 |
| $ | (6 | ) | | $ | 605 |
| $ | (30 | ) | Non-U.S. corporate | 1,169 |
| (4 | ) | | 3,685 |
| (10 | ) | State and municipal | 48 |
| (1 | ) | | 272 |
| (39 | ) | Mortgage and asset-backed | 979 |
| (11 | ) | | 318 |
| (12 | ) | Government and agencies | 395 |
| (2 | ) | | 69 |
| — |
| Total | $ | 3,093 |
| $ | (23 | ) | | $ | 4,949 |
| $ | (91 | ) |
|
Contractual Maturities of Investment in Available-for-Sale Debt Securities (Excluding Mortgage and Asset-Backed Securities) |
| | | | | | | | CONTRACTUAL MATURITIES OF INVESTMENT IN AVAILABLE-FOR-SALE DEBT SECURITIES | (EXCLUDING MORTGAGE AND ASSET-BACKED SECURITIES) | | | | (In millions) | Amortized cost |
| Estimated fair value |
| | | | Due | | | Within one year | $ | 1,903 |
| $ | 1,910 |
| After one year through five years | 3,098 |
| 3,192 |
| After five years through ten years | 6,268 |
| 6,673 |
| After ten years | 18,900 |
| 21,105 |
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