GE 2012 Annual Report Download - page 112

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110 GE 2012 ANNUAL REPORT
notes to consolidated financial statements
Note 15.
Shareowners’ Equity
(In millions) 2012 2011 2010
PREFERRED STOCK ISSUED $ — $ — $ —
COMMON STOCK ISSUED $ 702 $ 702 $ 702
ACCUMULATED OTHER COMPREHENSIVE INCOME
Balance at January 1 (a) $ (23,974) $ (17,855) $ (15,530)
Other comprehensive income before reclassifications 329 (9,601) (5,073)
Reclassifications from other comprehensive income 3,415 3,482 2,748
Other comprehensive income, net, attributable to GE 3,744 (6,119) (2,325)
Balance at December 31 $ (20,230) $ (23,974) $ (17,855)
OTHER CAPITAL
Balance at January 1 $ 33,693 $ 36,890 $ 37,729
Gains (losses) on treasury stock dispositions and other (623) (703) (839)
Preferred stock redemption —(2,494) —
Balance at December 31 $ 33,070 $ 33,693 $ 36,890
RETAINED EARNINGS
Balance at January 1 (b) $137,786 $131,137 $124,655
Net earnings attributable to the Company 13,641 14,151 11,644
Dividends (c) (7,372) (7,498) (5,212)
Other (d) —(4) 50
Balance at December 31 $144,055 $137,786 $131,137
COMMON STOCK HELD IN TREASURY
Balance at January 1 $ (31,769) $ (31,938) $ (32,238)
Purchases (5,295) (2,067) (1,890)
Dispositions 2,493 2,236 2,190
Balance at December 31 $ (34,571) $ (31,769) $ (31,938)
TOTAL EQUITY
GE shareowners’ equity balance at December 31 $123,026 $116,438 $118,936
Noncontrolling interests balance at December 31 5,444 1,696 5,262
Total equity balance at December 31 $128,470 $118,134 $124,198
(a) The 2010 opening balance was adjusted as of January 1, 2010, for the cumulative effect of changes in accounting principles of $265 million related to the adoption of
ASU 2009-16 & 17.
(b) The 2010 opening balance was adjusted as of January 1, 2010, for the cumulative effect of changes in accounting principles of $1,708 million related to the adoption of
ASU 2009-16 & 17.
(c) Included $1,031 million ($806 million related to our preferred stock redemption) and $300 million of dividends on preferred stock in 2011 and 2010, respectively.
(d) Included the effects of accretion of redeemable securities to their redemption value of $38 million in 2010.