GE 2014 Annual Report Download - page 209

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GE 2014 FORM 10-K 189
FINANCIAL STATEMENTS SHAREOWNERS' EQUITY
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 $ (230) $ (540) $ (35) Other income
84 222 13 Benefit (provision) for income taxes
$ (146) $ (318) $ (22) Net of tax
Currenc
y
translation ad
j
ustments
Gains (losses) on dispositions $ (84) $ 25 $ 120 Costs and expenses
213 793 54 Benefit (provision) for income taxes
$ 129 $ 818 $ 174 Net of tax
Cash flow hed
g
es
Gains (losses) on interest rate
derivatives $ (234) $ (364) $ (499) Interest and other financial charges
Foreign exchange contracts (666) 564 792 (a)
Other 22 248 (116) (b)
(878) 448 177 Total before tax
34 (177) (245) Benefit (provision) for income taxes
$ (844) $ 271 $ (68) Net of tax
Benefit
p
lan items
Curtailment loss $ (113) $ - $ - (c)
Amortization of prior service costs (590) (664) (823) (c)
Amortization of actuarial gains (losses) (2,612) (3,983) (3,768) (c)
(3,315) (4,647) (4,591) Total before tax
1,141 1,610 1,604 Benefit (provision) for income taxes
$ (2,174) $ (3,037) $ (2,987) Net of tax
Total reclassification adjustments $ (3,035) $ (2,266) $ (2,903) Net of tax
(a) Included $(607) million, $608 million and $894 million in GECC revenues from services and $(59) million, $(44) million and $(102) million in interest and other financial
charges in 2014, 2013 and 2012, respectively.
(b) Primarily recorded in costs and expenses.
(c) Curtailment loss, amortization of prior service costs and actuarial gains and losses out of AOCI are included in the computation of net periodic pension costs. See Note
12 for further information.
NONCONTROLLING INTERESTS
Noncontrolling interests in equity of consolidated affiliates includes common shares in consolidated affiliates and preferred
stock issued by our affiliates.
GECC preferred stock is presented as noncontrolling interests in the GE consolidated Statement of Financial Position. GECC
preferred stock dividends are presented as noncontrolling interests in the GE consolidated Statement of Earnings. The
balance is summarized as follows.
December 31 (In millions) 2014 2013
GECC preferred stock $ 4,950 $ 4,950
Synchrony Financial 2,531 -
Other noncontrolling interests in consolidated affiliates(a) 1,193 1,267
Total $ 8,674 $ 6,217
(a) Consisted of a number of individually insignificant noncontrolling interests in partnerships and consolidated affiliates.