GE 2015 Annual Report Download - page 207

FINANCIAL STATEMENTS 6+$5(2:1(56¶ EQUITY
GE 2015 FORM 10-K 179
RECLASSIFICATION OUT OF AOCI
(In millions) 2015 201
4
2013 Statement of earnings caption
Available-for-sale securities
Realized gains (losses) on
sale/impairment of securities $ 103 $ (231) $ (541) Total revenue and other income (a)
(36) 85 223 Benefit (provision) for income taxes (b)
$ 67 $ (146) $ (318) Net of tax
Currenc
y
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j
ustments
Gains (losses) on dispositions $ (305) $ (85) $ 25 Total revenues and other income(c)
(1,489) 213 793 Benefit (provision) for income taxes(d)
$ (1,794) $ 129 $ 818 Net of tax
Cash flow hed
g
es
Gains (losses) on interest rate
derivatives $ (130) $ (234) $ (364) Interest and other financial charges
Foreign exchange contracts (801) (666) 564 (e)
Other 13 22 248 (f)
(918) (878) 447 Total before tax
86 34 (176) Benefit (provision) for income taxes
$ (831) $ (844) $ 271 Net of tax
Benefit
p
lan items
Curtailment gain (loss) $ 118 $ (113) $ - (g)
Amortization of prior service costs (203) (590) (664) (g)
Amortization of actuarial gains (losses) (3,572) (2,612) (3,983) (g)
(3,657) (3,315) (4,647) Total before tax
1,260 1,141 1,610 Benefit (provision) for income taxes
$ (2,397) $ (2,174) $ (3,037) Net of tax
Total reclassification adjustments $ (4,956) $ (3,035) $ (2,266) Net of tax
(a) Included $61 million, an insignificant amount and $(497) million in 2015, 2014 and 2013, respectively, in earnings (loss) from discontinued
operations, net of taxes.
(b) Included $(30) million, $3 million and $204 million in 2015, 2014 and 2013, respectively, in earnings (loss) from discontinued operations, net of
taxes.
(c) Included $(224) million, $(51) million and $62 million in 2015, 2014 and 2013, respectively, in earnings (loss) from discontinued operations, net
of taxes.
(d) Included $(1,506) million, $213 million and $802 million in 2015, 2014 and 2013, respectively, in earnings (loss) from discontinued operations,
net of taxes.
(e) Included $(758) million, $(607) million and $608 million in GE Capital revenues from services and $(43) million, $(59) million and $(44) million in
interest and other financial charges in 2015, 2014 and 2013, respectively.
(f) Primarily recorded in costs and expenses.
(g) Curtailment gain (loss), amortization of prior service costs and actuarial gains and losses reclassified out of AOCI are included in the
computation of net periodic pension costs. See Notes 12 and 27 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.
Prior to the fourth quarter of 2015, the preferred stock issued by GECC was classified as noncontrolling interests in our consolidated
Statement of Financial Position, with dividends presented as noncontrolling interest in our consolidated Statement of Earnings. As
discussed previously in this note, this preferred stock was converted to a corresponding series of preferred stock issued by GE and on
January 20, 2016 a substantial majority of those shares were exchanged into GE Series D preferred stock. Effective with these
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GE 2015 FORM 10-K 179