SHAREOWNERS’ EQUITY (Tables)

3 Months Ended

Mar. 31, 2019

Equity [Abstract]

Schedule of Shareowners' Equity

	Three months ended March 31
(In millions)	2019			2018
Preferred stock issued	$	6		$	6
Common stock issued	$	702		$	702
Accumulated other comprehensive income (loss)
Beginning balance	$	(14,414	)	$	(14,404	)
Other comprehensive income (loss) before reclassifications
Investment securities - net of deferred taxes of $38 and $65(a)	28			109
Currency translation adjustments (CTA) - net of deferred taxes of $26 and $(149)	307			832
Cash flow hedges - net of deferred taxes of $11 and $31	34			105
Benefit plans - net of deferred taxes of $48 and $(1)	(116		)	(58		)
Total	$	253		$	988
Reclassifications from other comprehensive income
Investment securities - net of deferred taxes of $(1) and $(2)	(4		)	(10		)
Currency translation on dispositions - net of deferred taxes of $(4) and zero	117			(2		)
Cash flow hedges - net of deferred taxes of $(4) and $(15) (Note 17)	3			(50		)
Benefit plans - net of deferred taxes of $183 and $218	662			775
Total	$	778		$	713
Other comprehensive income (loss)	1,031			1,702
Less other comprehensive income (loss) attributable to noncontrolling interests	101			160
Other comprehensive income (loss), net, attributable to GE	930			1,542
Ending Balance	$	(13,485	)	$	(12,862	)
Other capital
Beginning balance	35,504			37,384
Gains (losses) on treasury stock dispositions and other(b)	(1,159		)	(45		)
Ending Balance	$	34,345		$	37,339
Retained earnings
Beginning balance	93,109			117,245
Net earnings (loss) attributable to the Company	3,588			(1,147		)
Dividends and other transactions with shareowners	(126		)	(1,078		)
Redemption value adjustment on redeemable noncontrolling interests	(18		)	(44		)
Changes in accounting (Note 1)	368			500
Ending Balance	$	96,921		$	115,477
Common stock held in treasury
Beginning balance	(83,925		)	(84,902		)
Purchases	(38		)	(85		)
Dispositions	636			290
Ending Balance	$	(83,328	)	$	(84,697	)
Total equity
GE shareowners' equity balance	35,161			55,965
Noncontrolling interests balance	20,485			17,228
Total equity balance at March 31	$	55,646		$	73,193

(a) Included adjustments of $(957) million and $938 million for the three months ended March 31, 2019 and 2018, 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 security gains been realized. See Note 12 for further information.

(b) On February 25, 2019, we completed the spin off and subsequent merger of our Transportation segment with Wabtec. A gain on distribution of $88 million and related taxes of $(940) million were recorded on the transaction resulting in a net decrease to additional paid in capital of $852 million. See Note 2 for further information.