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INVESTMENT SECURITIES (Tables)
6 Months Ended
Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investment Securities

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)











Debt









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.

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