Shareowners' Equity

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Shareowners' Equity

8. SHAREOWNERS' EQUITY

A summary of changes to noncontrolling interests follows.

	Three months ended September 30,				Nine months ended September 30,
(In millions)		2012		2011		2012		2011
Beginning balance	$	759	$	1,201	$	690	$	1,164
Net earnings		20		38		46		89
Dividends		(12)		(4)		(17)		(17)
AOCI and other		(56)		(30)		(8)		(31)
Ending balance	$	711	$	1,205	$	711	$	1,205

During the third quarter of 2012, we issued 17,500 shares of non-cumulative perpetual preferred stock with a $0.01 par value for proceeds of $1,733 million. The preferred shares bear an initial fixed interest rate of 6.25% through December 15, 2022, bear a floating rate equal to three-month LIBOR plus 4.704% thereafter and are callable on December 15, 2022.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,bear a floating rate equal to three-month LIBOR plus 5.296% thereafter and are callable on June 15, 2022. Dividends on the preferred stock are payable semi-annually beginning in December 2012.

During the thirdquarter of 2012, we paid a dividend of $471 million and a special dividend of $1,975 million to GE In the nine months ended September 30, 2012, we paid dividends of $946 million and special dividends of $4,500 million to GE.