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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 third quarter 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.