Shareowners' Equity

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Note [Abstract]

Shareowners' Equity

8. SHAREOWNERS' EQUITY

A summary of changes to noncontrolling interests follows.

	Three months ended June 30,				Six months ended June 30,
(In millions)		2012		2011		2012		2011
Beginning balance	$	767	$	1,178	$	690	$	1,164
Net earnings		14		20		26		51
Dividends		(1)		(5)		(5)		(13)
AOCI and other		(21)		8		48		(1)
Ending balance	$	759	$	1,201	$	759	$	1,201

During the second quarter of 2012, we issued 22,500 shares of non-cumulative perpetual preferred stock with a $0.01 par value for proceeds of $2,227 million. The preferred shares bear an initial fixed interest rate of 7.125% through June 12, 2022 and bear a floating rate equal to three-month LIBOR plus 5.296% thereafter.The preferred stock is callable on June 15, 2022.

During the second quarter, we paid a dividend of $475 million and a special dividend of $2,525 million to GE.