Shareowners' Equity

6 Months Ended

Jun. 30, 2014

Stockholders' Equity Note [Abstract]

Shareowners' Equity

8. SHAREOWNERS' EQUITY

Accumulated Other Comprehensive Income (Loss)
	Three months ended June 30				Six months ended June 30
(In millions)		2014		2013		2014		2013
Investment securities
Beginning balance	$	793	$	738	$	309	$	673
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $221, $(330), $472 and $(364)		322		(605)		796		(661)
Reclassifications from OCI – net of deferred taxes
of $(11), $13, $(4) and $107		(23)		3		(13)		125
Other comprehensive income (loss)(a)		299		(602)		783		(536)
Less OCI attributable to noncontrolling interests		-		(2)		-		(1)
Ending balance	$	1,092	$	138	$	1,092	$	138
Currency translation adjustments
Beginning balance	$	(773)	$	(119)	$	(687)	$	(131)
OCI before reclassifications – net of deferred taxes
of $32, $(120), $105 and $(311)		116		112		30		103
Reclassifications from OCI – net of deferred taxes
of $0, $112, $124 and $79		4		(113)		6		(96)
Other comprehensive income (loss)(a)		120		(1)		36		7
Less OCI attributable to noncontrolling interests		3		(18)		5		(22)
Ending balance	$	(656)	$	(102)	$	(656)	$	(102)
Cash flow hedges
Beginning balance	$	(225)	$	(654)	$	(293)	$	(746)
OCI before reclassifications –
net of deferred taxes of $(32), $28, $37 and $84		(156)		252		(27)		155
Reclassifications from OCI – net of deferred taxes
of $18, $(14), $14 and $(56)		186		(58)		125		131
Other comprehensive income (loss)(a)		30		194		98		286
Less OCI attributable to noncontrolling interests		-		1		-		1
Ending balance	$	(195)	$	(461)	$	(195)	$	(461)
Benefit plans
Beginning balance	$	(381)	$	(723)	$	(363)	$	(736)
Net actuarial gain (loss) – net of deferred taxes
of $2, $0, $(6) and $18		5		-		(17)		2
Prior service cost amortization - net of deferred taxes
of $0, $0, $0 and $0		1		-		1		-
Net actuarial loss amortization – net of deferred taxes
of $2, $4, $4 and $7		4		9		8		20
Other comprehensive income (loss)(a)		10		9		(8)		22
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(371)	$	(714)	$	(371)	$	(714)
Accumulated other comprehensive income (loss) at June 30	$	(130)	$	(1,139)	$	(130)	$	(1,139)

• Total other comprehensive income (loss) was $459 million and $(400) million in the three months ended June 30, 2014 and 2013, respectively, and $909 million and $(221)million in the six months ended June 30, 2014 and 2013, respectively.

Reclassification out of AOCI
	Three months ended				Six months ended
	June 30				June 30				Statement of Earnings Caption
(In millions)	2014		2013		2014		2013
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	34	$	(16)	$	17	$	(232)	Revenues from services
		(11)		13		(4)		107	Benefit (provision) for income taxes
	$	23	$	(3)	$	13	$	(125)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions	$	(4)	$	1	$	(130)	$	17	Costs and expenses
		-		112		124		79	Benefit (provision) for income taxes
	$	(4)	$	113	$	(6)	$	96	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(60)	$	(92)	$	(129)	$	(194)	Interest
Foreign exchange contracts		(144)		164		(10)		119	(a)
		(204)		72		(139)		(75)	Total before tax
		18		(14)		14		(56)	Benefit (provision) for income taxes
	$	(186)	$	58	$	(125)	$	(131)	Net of tax
Benefit plan items
Amortization of prior service costs		(1)		-		(1)		-	(b)
Amortization of actuarial gains (losses)	$	(6)	$	(13)	$	(12)	$	(27)	(b)
		(7)		(13)		(13)		(27)	Total before tax(b)
		2		4		4		7	Benefit (provision) for income taxes
	$	(5)	$	(9)	$	(9)	$	(20)	Net of tax
Total reclassification adjustments	$	(172)	$	159	$	(127)	$	(180)	Net of tax

• Included $(145) million and $170 million in revenues from services and $13million and $(6)million in interest in the three months ended June 30, 2014 and 2013, respectively, and $(11) million and $137 million in revenues from services and$1million and $(18) millionin interest in the six months ended June 30, 2014 and 2013, respectively.
• Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.

Noncontrolling Interests

	Three months ended June 30				Six months ended June 30
(In millions)		2014		2013		2014		2013
Beginning balance	$	440	$	587	$	432	$	707
Net earnings		10		17		21		28
Dividends		(1)		(25)		(1)		(41)
Dispositions		(92)		0		(92)		(104)
Other (including AOCI)		(7)		(29)		(10)		(40)
Ending balance	$	350	$	550	$	350	$	550

Other

We paid quarterly dividends of $583million and $447 million and special dividends of $333 million and $1,500million to GE in the threemonths ended June 30, 2014 and 2013, respectively. We paid quarterly dividends of $1,083 million and $447 million and special dividends of $333 million and $1,500 million to GE in the six months ended June 30, 2014 and 2013, respectively.