Shareowners' Equity (Tables)

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Accumulated other comprehensive income

Accumulated Other Comprehensive Income (Loss)
		Three months ended June 30,						Six months ended June 30,
(In millions)			2013			2012			2013			2012

Investment securities
Beginning balance		$	738		$	298		$	673		$	(33)
Other comprehensive income (loss) (OCI) before reclassifications –
net of deferred taxes of $(330), $86, $(364) and $262			(605)			167			(661)			473
Reclassifications from OCI – net of deferred taxes
of $13, $4, $107 and $10			3			9			125			35
Other comprehensive income (loss)(a)			(602)			176			(536)			508
Less: OCI attributable to noncontrolling interests			(2)			(2)			(1)			(1)
Balance at June 30		$	138		$	476		$	138		$	476

Currency translation adjustments (CTA)
Beginning balance		$	(119)		$	(274)		$	(131)		$	(399)
OCI before reclassifications – net of deferred taxes of
$(120), $57, $(311) and $12			112			(408)			103			(271)
Reclassifications from OCI – net of deferred taxes
of $112, $0, $79 and $(5)			(113)			0			(96)			(3)
Other comprehensive income (loss)(a)			(1)			(408)			7			(274)
Less: OCI attributable to noncontrolling interests			(18)			(9)			(22)			0
Balance at June 30		$	(102)		$	(673)		$	(102)		$	(673)

Cash flow hedges
Beginning balance		$	(654)		$	(1,029)		$	(746)		$	(1,101)
OCI before reclassifications – net of deferred taxes of
$28, $7, $84 and $34			252			(336)			155			178
Reclassifications from OCI – net of deferred taxes
of $(14), $13, $(56) and $(22)			(58)			376			131			(66)
Other comprehensive income (loss)(a)			194			40			286			112
Less: OCI attributable to noncontrolling interests			1			0			1			0
Balance at June 30		$	(461)		$	(989)		$	(461)		$	(989)

Benefit plans
Beginning balance		$	(723)		$	(587)		$	(736)		$	(563)
Net actuarial gain (loss) – net of deferred taxes
of $0, $(4), $18 and $(17)			0			10			2			(21)
Net actuarial gain (loss) amortization – net of deferred taxes
of $4, $2, $7 and $5			9			9			20			16
Other comprehensive income (loss)(a)			9			19			22			(5)
Less: OCI attributable to noncontrolling interests			0			0			0			0
Balance at June 30		$	(714)		$	(568)		$	(714)		$	(568)

Accumulated other comprehensive income (loss) at June 30		$	(1,139)		$	(1,754)		$	(1,139)		$	(1,754)

Total other comprehensive income (loss) was $(400) million and $(173) million for the three months ended June 30, 2013 and 2012, respectively, and $(221) million and $341 million for the six months ended June 30, 2013 and 2012, respectively.

Reclassification out of Accumulated Other Comprehensive Income

Reclassification out of AOCI

Components of AOCI	Three months ended June 30,						Six months ended June 30,						Statement of Earnings Caption
	2013			2012			2013			2012
Available-for-sale securities
Realized gains (losses) on sale/impairment
of securities	$	(16)		$	(13)		$	(232)		$	(45)		GECC revenues from services
		13			4			107			10		Tax (expense) or benefit
	$	(3)		$	(9)		$	(125)		$	(35)		Net of tax

Currency translation adjustments
Gains (losses) on dispositions	$	1		$	0		$	17		$	8		Costs and expenses
		112			0			79			(5)		Tax (expense) or benefit
	$	113		$	0		$	96		$	3		Net of tax

Cash flow hedges
Gains (losses) on interest rate derivatives	$	(92)		$	(124)		$	(194)		$	(264)		Interest
Foreign exchange contracts		164			(265)			119			352		(a)
		72			(389)			(75)			88		Total before tax
		(14)			13			(56)			(22)		Tax (expense) or benefit
	$	58		$	(376)		$	(131)		$	66		Net of tax

Benefit plan items
Amortization of actuarial gains (losses)	$	(13)		$	(11)		$	(27)		$	(21)		Total before tax(b)
		4			2			7			5		Tax (expense) or benefit
	$	(9)		$	(9)		$	(20)		$	(16)		Net of tax

Total reclassification adjustments	$	159		$	(394)		$	(180)		$	18		Net of tax

Includes $170 million and $(243) million in revenue from services and $(6) million and $(22) million in interest for the three months ended June 30, 2013 and 2012, respectively, and $137 million and $405 million in revenue from services and $(18) million and $(53) million in interest for the six months ended June 30, 2013 and 2012, respectively.
Amortization of actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs.

Shareowners' equity

		Three months ended June 30,						Six months ended June 30,
(In millions)			2013			2012			2013			2012

Beginning balance		$	587		$	767		$	707		$	690
Net earnings			17			14			28			26
Dividends			(25)			(1)			(41)			(5)
Dispositions			0			0			(104)			0
AOCI and other			(29)			(21)			(40)			48
Ending balance		$	550		$	759		$	550		$	759