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SHAREOWNERS’ EQUITY (Tables)
 6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Schedule of Shareowners' Equity
 
Three months ended June 30
 
Six months ended June 30
(In millions)
2018

2017

 
2018

2017

 
 
 
 
 
 
Preferred stock issued
$
6

$
6

 
$
6

$
6

Common stock issued
$
702

$
702

 
$
702

$
702

Accumulated other comprehensive income (loss)
 
 
 
 
 
Beginning balance
$
(12,862
)
$
(16,766
)
 
$
(14,404
)
$
(18,588
)
Other comprehensive income (loss) before reclassifications
 
 
 
 
 
Investment securities - net of deferred taxes of $(17), $146, $48 and $159(a)
31

291

 
141

309

Currency translation adjustments (CTA) - net of deferred taxes of $190, $(207), $41 and $(241)
(2,049
)
482

 
(1,217
)
740

Cash flow hedges - net of deferred taxes of $(39), $(8), $(7) and $(2)
(131
)
44

 
(27
)
64

Benefit plans - net of deferred taxes of $56, $32, $55 and $133
182

25

 
126

499

Total
$
(1,967
)
$
843

 
$
(977
)
$
1,612

Reclassifications from other comprehensive income
 
 
 
 
 
Investment securities - net of deferred taxes of $0, $(25), $(2) and $(61)(b)
(7
)
(48
)
 
(16
)
(118
)
Currency translation on dispositions - net of deferred taxes of $0, $(1), $0 and $(541)(b)
380

34

 
378

588

Cash flow hedges - net of deferred taxes of $22, $(10), $7 and $(9)(c)
50

(54
)
 
—

(55
)
Benefit plans - net of deferred taxes of $218, $270 $436 and $558(d)
758

536

 
1,533

1,110

Total
$
1,182

$
467

 
$
1,895

$
1,525

Other comprehensive income (loss)
(784
)
1,310

 
918

3,138

Less other comprehensive income (loss) attributable to noncontrolling interests
(213
)
1

 
(53
)
7

Other comprehensive income (loss), net, attributable to GE
(571
)
1,309

 
971

3,131

Ending Balance
$
(13,432
)
$
(15,457
)
 
$
(13,432
)
$
(15,457
)
Other capital
 
 
 
 
 
Beginning balance
37,339

37,448

 
37,384

37,224

Gains (losses) on treasury stock dispositions and other
13

20

 
(32
)
244

Ending Balance
$
37,352

$
37,468

 
$
37,352

$
37,468

Retained earnings
 
 
 
 
 
Beginning balance(e)
115,477

131,544

 
117,245

133,856

Net earnings (loss) attributable to the Company
800

1,057

 
(347
)
974

Dividends and other transactions with shareowners
(1,231
)
(2,265
)
 
(2,309
)
(4,393
)
Redemption value adjustment on redeemable noncontrolling interests(f)
(133
)
(66
)
 
(176
)
(167
)
Other changes(g)
—

—

 
500

—

Ending Balance
$
114,913

$
130,270

 
$
114,913

$
130,270

Common stock held in treasury
 
 
 
 
 
Beginning balance
(84,697
)
(84,833
)
 
(84,902
)
(83,038
)
Purchases
(58
)
(1,261
)
 
(143
)
(3,620
)
Dispositions
284

477

 
574

1,041

Ending Balance
$
(84,471
)
$
(85,617
)
 
$
(84,471
)
$
(85,617
)
Total equity
 
 
 
 
 
GE shareowners' equity balance
55,069

67,372

 
55,069

67,372

Noncontrolling interests balance
16,685

1,634

 
16,685

1,634

Total equity balance at June 30
$
71,754

$
69,006

 
$
71,754

$
69,006


(a)
Included adjustments of $534 million and $(90) million for the three months ended June 30, 2018 and 2017 and $1,472 million and $(189) million for the six months ended June 30, 2018 and 2017, respectively, to investment contracts, insurance liabilities and 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 been realized. See Note 12 for further information.
(b)
Recorded in "Total revenues" and "Other income" and income taxes in "Benefit (provision) for income taxes" in our consolidated Statement of Earnings (Loss). Currency translation gains and losses on dispositions included zero and $(2) million for the three months ended June 30, 2018 and 2017, and zero and $510 million for the six months ended June 30, 2018 and 2017, respectively, in earnings (loss) from discontinued operations, net of taxes.
(c)
Cash flow hedges primarily includes impact of foreign exchange contracts and gains and losses on interest rate derivatives, primarily recorded in GE Capital revenue from services, interest and other financial charges and other costs and expenses. See Note 17 for further information.
(d)
Primarily includes amortization of actuarial gains and losses, amortization of prior service cost and curtailment gain and loss. These components are included in the computation of net periodic pension cost. See Note 13 for further information.
(e)
January 1, 2018 amount has been adjusted to reflect retrospective adoption of ASC 606 ($8,061 million) and preferable accounting change from LIFO to FIFO ($377 million).
(f)
Amount of redemption value adjustment on redeemable noncontrolling interest shown net of deferred taxes.
(g)
On January 1, 2018, we adopted several new accounting standards on a modified retrospective basis. Cumulative impact of these changes was recorded in the opening retained earnings and it increased our retained earnings by $500 million, primarily due to an increase of $464 million related to ASU 2016-16. See Note 1 for further information.
Changes to Noncontrolling Interests
CHANGES TO NONCONTROLLING INTERESTS
 
 
 
 
Three months ended June 30
 
Six months ended June 30
(In millions)
2018

2017

 
2018

2017


 
 
 
 
 
Beginning balance
$
17,228

$
1,639

 
$
17,468

$
1,663

Net earnings (loss)
(15
)
14

 
52

20

Dividends
(81
)
(22
)
 
(164
)
(31
)
Other(a)
(446
)
2

 
(669
)
(18
)
Ending balance at June 30
$
16,685

$
1,634

 
$
16,685

$
1,634

(a)
Includes impact of AOCI, acquisitions, dispositions and BHGE stock repurchases.

Changes to Redeemable Noncontrolling Interests
CHANGES TO REDEEMABLE NONCONTROLLING INTERESTS
 
 
 
 
 
Three months ended June 30
 
Six months ended June 30
(In millions)
2018

2017

 
2018

2017

 
 
 
 
 
 
Beginning balance
$
3,549

$
3,046

 
$
3,391

$
3,017

Net earnings (loss)
(116
)
(53
)
 
(149
)
(162
)
Dividends
(6
)
—

 
(19
)
(11
)
Redemption value adjustment
133

67

 
198

167

Other
(184
)
125

 
(45
)
175

Balance at June 30(a)
$
3,376

$
3,185

 
$
3,376

$
3,185


(a)
Included $3,019 million and $2,894 million related to the Alstom joint ventures at June 30, 2018 and 2017, respectively.