| Schedule of Shareholders' Equity |
| | | | | | | | | | | | | | | | | | | | ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (AOCI) | Three months ended June 30 | | Six months ended June 30 | | | (Dividends per share in dollars) | 2024 | 2023 | | 2024 | 2023 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Beginning balance | $ | (3,658) | | $ | (3,505) | | | $ | (3,623) | | $ | (5,893) | | | AOCI before reclasses – net of taxes of $(39), $(13), $(13) and $(18) | 29 | | 67 | | | (6) | | 220 | | | Reclasses from AOCI – net of taxes of $103, $—, $103 and $(626)(a) | 2,094 | | 27 | | | 2,094 | | 2,262 | | | | AOCI | 2,123 | | 95 | | | 2,087 | | 2,481 | | | | Less AOCI attributable to noncontrolling interests | (22) | | (2) | | | (22) | | (3) | | | | Currency translation adjustments AOCI | $ | (1,514) | | $ | (3,409) | | | $ | (1,514) | | $ | (3,409) | | | | | | | | | | | Beginning balance | $ | 1,586 | | $ | 4,214 | | | $ | 1,786 | | $ | 6,531 | | | AOCI before reclasses – net of taxes of $(12), $12, $(4) and $(1) | (54) | | 41 | | | (83) | | (43) | | | Reclasses from AOCI – net of taxes of $(156), $(63), $(208) and $(657)(a) | (736) | | (214) | | | (904) | | (2,449) | | | | AOCI | (790) | | (173) | | | (987) | | (2,492) | | | | Less AOCI attributable to noncontrolling interests | (9) | | — | | | (7) | | (2) | | | | Benefit plans AOCI | $ | 806 | | $ | 4,041 | | | $ | 806 | | $ | 4,041 | | | | | | | | | | | Beginning balance | $ | (1,412) | | $ | (1,222) | | | $ | (959) | | $ | (1,927) | | | AOCI before reclasses – net of taxes of $(92), $(127), $(208) and $61 | (341) | | (446) | | | (806) | | 272 | | | Reclasses from AOCI – net of taxes of $13, $(3), $12 and $(3) | 37 | | (28) | | | 48 | | (41) | | | | AOCI | (304) | | (474) | | | (758) | | 231 | | | | Less AOCI attributable to noncontrolling interests | 12 | | — | | | 12 | | — | | | | Investment securities and cash flow hedges AOCI | $ | (1,727) | | $ | (1,696) | | | $ | (1,727) | | $ | (1,696) | | | | | | | | | | | Beginning balance | $ | (2,119) | | $ | (2,776) | | | $ | (3,354) | | $ | (983) | | | AOCI before reclasses – net of taxes of $138, $71, $466 and $(406) | 518 | | 267 | | | 1,753 | | (1,527) | | | | | | | | | | | AOCI | 518 | | 267 | | | 1,753 | | (1,527) | | | | Long-duration insurance contracts AOCI | $ | (1,601) | | $ | (2,510) | | | $ | (1,601) | | $ | (2,510) | | | | | | | | | | AOCI at June 30 | $ | (4,035) | | $ | (3,573) | | | $ | (4,035) | | $ | (3,573) | | | | | | | | | | | Dividends declared per common share(b) | $ | 0.56 | | $ | 0.08 | | | $ | 0.56 | | $ | 0.16 | | |
(a)The total reclassifications from AOCI included $1,590 million, including currency translation of $2,174 million and benefit plans of $(584) million, net of taxes, in the second quarter of 2024 related to the separation of GE Vernova. The total reclassifications from AOCI included $195 million, including currency translation of $2,234 million and benefit plans of $(2,030) million, net of taxes, in the first quarter of 2023 related to the separation of GE HealthCare. (b)Following the separation of GE Vernova, the Board of Directors declared a dividend of $0.28 per share in April 2024, which reflects our dividend as a standalone company, that was paid in April 2024. In June 2024, the Board of Directors declared a dividend of $0.28 per share that will be paid in July 2024.
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