Shareowners' Equity (Tables)

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Income (Loss)

	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013

Investment securities
Beginning balance	$	1,092	$	138	$	309	$	673
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $(131), $68, $341 and $(296)		(241)		143		555		(518)
Reclassifications from OCI – net of deferred taxes
of $(15), $10, $(19) and $117		(19)		16		(32)		141
Other comprehensive income (loss)(a)		(260)		159		523		(377)
Less OCI attributable to noncontrolling interests		2		-		2		(1)
Ending balance	$	830	$	297	$	830	$	297

Currency translation adjustments
Beginning balance	$	(656)	$	(102)	$	(687)	$	(131)
OCI before reclassifications – net of deferred taxes
of $201, $(17), $306 and $(328)		(532)		(67)		(502)		36
Reclassifications from OCI – net of deferred taxes
of $1, $7, $124 and $86		(14)		(55)		(8)		(151)
Other comprehensive income (loss)(a)		(546)		(122)		(510)		(115)
Less OCI attributable to noncontrolling interests		(6)		14		(1)		(8)
Ending balance	$	(1,196)	$	(238)	$	(1,196)	$	(238)

Cash flow hedges
Beginning balance	$	(195)	$	(461)	$	(293)	$	(746)
OCI before reclassifications –
net of deferred taxes of $(44), $46, $(6) and $130		(314)		26		(341)		181
Reclassifications from OCI – net of deferred taxes
of $27, $(16), $40 and $(72)		404		37		529		168
Other comprehensive income (loss)(a)		90		63		188		349
Less OCI attributable to noncontrolling interests		-		(2)		-		(1)
Ending balance	$	(105)	$	(396)	$	(105)	$	(396)

Benefit plans
Beginning balance	$	(371)	$	(714)	$	(363)	$	(736)
Net actuarial gain (loss) – net of deferred taxes
of $1, $0, $(5) and $18		7		(1)		(10)		1
Prior service cost amortization – net of deferred taxes
of $0, $0, $0 and $0		-		-		1		-
Net actuarial loss amortization – net of deferred taxes
of $2, $5, $6 and $12		4		9		12		29
Other comprehensive income (loss)(a)		11		8		3		30
Less OCI attributable to noncontrolling interests		-		-		-		-
Ending balance	$	(360)	$	(706)	$	(360)	$	(706)

Accumulated other comprehensive income (loss) at September 30	$	(831)	$	(1,043)	$	(831)	$	(1,043)

a) Total other comprehensive income (loss) was $(705) million and $108 million for the three months ended September 30, 2014 and 2013, respectively, and $204 million and $(113) million for the nine months ended September 30, 2014 and 2013, respectively.

Reclassification out of Accumulated Other Comprehensive Income

Reclassification out of AOCI

	Three months ended				Nine months ended
	September 30				September 30				Statement of Earnings Caption
(In millions)	2014		2013		2014		2013
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	34	$	(26)	$	51	$	(258)	Revenues from services
		(15)		10		(19)		117	Benefit (provision) for income taxes
	$	19	$	(16)	$	32	$	(141)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions	$	13	$	48	$	(116)	$	65	Costs and expenses
		1		7		124		86	Benefit (provision) for income taxes
	$	14	$	55	$	8	$	151	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(53)	$	(88)	$	(182)	$	(282)	Interest
Foreign exchange contracts		(377)		67		(387)		186	(a)
		(430)		(21)		(569)		(96)	Total before tax
		26		(16)		40		(72)	Benefit (provision) for income taxes
	$	(404)	$	(37)	$	(529)	$	(168)	Net of tax
Benefit plan items
Amortization of prior service costs	$	-	$	-	$	(1)	$	-	(b)
Amortization of actuarial gains (losses)		(6)		(14)		(18)		(41)	(b)
		(6)		(14)		(19)		(41)	Total before tax
		2		5		6		12	Benefit (provision) for income taxes
	$	(4)	$	(9)	$	(13)	$	(29)	Net of tax

Total reclassification adjustments	$	(375)	$	(7)	$	(502)	$	(187)	Net of tax

Included $(357) million and $73 million in revenues from services and $(20) million and $(6) million in interest in the three months ended September 30, 2014 and 2013, respectively, and $(368) million and $210 million in revenues from services and $(19) million and $(24) million in interest in the nine months ended September 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.

Changes to noncontrolling interests

	Three months ended September 30				Nine months ended September 30
(In millions)		2014		2013		2014		2013

Beginning balance	$	350	$	550	$	432	$	707
Net earnings		55		10		76		38
Dividends		-		(3)		(1)		(44)
Dispositions		(6)		(14)		(98)		(118)
Synchrony Financial IPO		2,393		-		2,393		-
Other (including AOCI)		12		(4)		2		(44)
Ending balance	$	2,804	$	539	$	2,804	$	539