Shareowners' Equity (Tables)

(In millions)	2014		2013		2012

Preferred stock issued	$	-	$	-	$	-

Common stock issued	$	-	$	-	$	-

Accumulated other comprehensive income
Balance at January 1	$	(1,034)	$	(940)	$	(2,096)
Other comprehensive income before reclassifications		(263)		433		1,312
Reclassifications from other comprehensive income		720		(527)		(156)
Other comprehensive income, net, attributable to GECC		457		(94)		1,156
Balance at December 31	$	(577)	$	(1,034)	$	(940)

Additional paid-in capital
Balance at January 1	$	32,563	$	31,586	$	27,628
Contributions and other(a)		436		977		3,958
Balance at December 31	$	32,999	$	32,563	$	31,586

Retained earnings
Balance at January 1	$	51,165	$	51,244	$	51,578
Net earnings		7,234		6,204		6,215
Dividends and other		(3,322)		(6,283)		(6,549)
Balance at December 31	$	55,077	$	51,165	$	51,244

Total equity
GECC shareowners' equity balance at December 31	$	87,499	$	82,694	$	81,890
Noncontrolling interests balance at December 31		2,899		432		707
Total equity balance at December 31	$	90,398	$	83,126	$	82,597

(a) 2014 included $440 million related to the excess of the net proceeds from the Synchrony Financial IPO over the carrying value of the interest sold.

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

(In millions)		2014		2013		2012

Investment securities
Balance at January 1	$	309	$	673	$	(33)
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $415, $(386) and $386(a)		696		(675)		685
Reclassifications from OCI – net of deferred taxes
of $8, $215 and $12		7		306		22
Other comprehensive income (loss)(b)		703		(369)		707
Less OCI attributable to noncontrolling interests		2		(5)		1
Balance at December 31	$	1,010	$	309	$	673

Currency translation adjustments (CTA)
Balance at January 1(c)	$	(530)	$	(131)	$	(399)
OCI before reclassifications – net of deferred taxes
of $(145), $(655) and $(261)		(163)		247		411
Reclassifications from OCI – net of deferred taxes
of $213, $791 and $55		(162)		(810)		(131)
Other comprehensive income (loss)(b)		(325)		(563)		280
Less OCI attributable to noncontrolling interests		(17)		(7)		12
Balance at December 31	$	(838)	$	(687)	$	(131)

Cash flow hedges
Balance at January 1(c)	$	(450)	$	(746)	$	(1,101)
OCI before reclassifications –
net of deferred taxes of $3 and $235, $378		(573)		521		434
Reclassifications from OCI – net of deferred taxes
of $35, $(158) and $(250)		851		(66)		(80)
Other comprehensive income (loss)(b)		278		455		354
Less OCI attributable to noncontrolling interests		-		2		(1)
Balance at December 31	$	(172)	$	(293)	$	(746)

Benefit plans
Balance at January 1	$	(363)	$	(736)	$	(563)
Prior service credit (cost) – net of deferred taxes
of $0, $4 and $0		-		24		-
Net actuarial gain (loss) – net of deferred taxes
of $(101), $156 and $(86)		(238)		306		(206)
Prior service cost amortization – net of deferred taxes
of $0, $0 and $0		2		-		-
Net actuarial loss amortization – net of deferred taxes
of $7, $16 and $10		22		43		33
Other comprehensive income (loss)(b)		(214)		373		(173)
Less OCI attributable to noncontrolling interests		-		-		-
Balance at December 31	$	(577)	$	(363)	$	(736)

Accumulated other comprehensive income (loss) at December 31	$	(577)	$	(1,034)	$	(940)

(a) Includes adjustments of $ 960 million, $(1,171) million and $527 million in 2014, 2013 and 2012, respectively, to deferred acquisition costs, present value of future profits, and investment contracts, insurance liabilities and insurance annuity benefits in our run-off insurance operations to reflect the effects that would have been recognized had the related unrealized investment securities holding gains and losses actually been realized.

(b) Total other comprehensive income (loss) was $442 million, $(104) million and $1,168 million in 2014, 2013 and 2012, respectively.

(c) Includes a $157 million reclassification between 2014 opening balances in Currency Translation Adjustments and Cash Flow Hedges.

RECLASSIFICATION OUT OF AOCI

(In millions)	2014		2013		2012		Statement of Earnings Caption

Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities	$	(15)	$	(521)	$	(34)	Revenues from services
		8		215		12	Benefit (provision) for income taxes
	$	(7)	$	(306)	$	(22)	Net of tax
Currency translation adjustments
Gains (losses) on dispositions	$	(51)	$	19	$	76	Costs and expenses
		213		791		55	Benefit (provision) for income taxes
	$	162	$	810	$	131	Net of tax
Cash flow hedges
Gains (losses) on interest rate derivatives	$	(234)	$	(364)	$	(494)	Interest
Foreign exchange contracts		(652)		588		824	(a)
		(886)		224		330	Total before tax
		35		(158)		(250)	Benefit (provision) for income taxes
	$	(851)	$	66	$	80	Net of tax
Benefit plan items
Amortization of prior service costs	$	(2)	$	-	$	-	(b)
Amortization of actuarial gains (losses)		(29)		(59)		(43)	(b)
		(31)		(59)		(43)	Total before tax
		7		16		10	Benefit (provision) for income taxes
	$	(24)	$	(43)	$	(33)	Net of tax

Total reclassification adjustments	$	(720)	$	527	$	156	Net of tax

Included $(607) million, $608 million and $894 million in revenues from services and $(45) million, $(20) million and $(70) million in interest in 2014, 2013 and 2012, respectively.
Amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.

December 31 (In millions)		2014		2013

Synchrony Financial	$	2,531	$	-
Other noncontrolling interests in consolidated affiliates(a)		368		432
Total	$	2,899	$	432

CHANGES TO NONCONTROLLING INTERESTS

(In millions)		2014		2013		2012

Beginning balance	$	432	$	707	$	690
Net earnings		162		53		63
Dividends		(6)		(48)		(19)
Dispositions		(75)		(174)		-
Synchrony Financial IPO		2,393		-		-
Other (including AOCI)		(7)		(106)		(27)
Ending balance	$	2,899	$	432	$	707