v3.24.2
STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Millions
Total
GE Aerospace shareholders' equity balance
Accumulated other comprehensive income (loss)
Currency translation adjustments
Benefit plans
Investment securities and cash flow hedges AOCI
Long-duration insurance contracts
Other capital
Retained earnings
Common stock held in treasury
Noncontrolling Interests balance
 [3]
Beginning balance at Dec. 31, 2022     $ (2,272)       $ (983) $ 34,173 $ 83,001 $ (81,209)  
Ending balance at Mar. 31, 2023     (3,289)       (2,776) 30,729 84,982 (80,762)  
Beginning balance at Dec. 31, 2022     (2,272)       (983) 34,173 83,001 (81,209)  
Increase (decrease) in shareholders' equity                      
Other comprehensive income (loss)       $ 2,484 $ (2,490) $ 231 (1,527)        
Purchases                   (638)  
Dispositions               (1,012)   1,323  
Stock-based compensation               170      
Other changes [1]               (2,906)      
Net earnings (loss) attributable to the Company $ 7,541               7,541    
Dividends and other transactions with shareholders [2]                 (5,676)    
Other                 6    
Ending balance at Jun. 30, 2023 32,393 $ 31,219 (3,573) (3,409) 4,041 (1,696) (2,510) 30,426 84,873 (80,524) $ 1,174
Beginning balance at Mar. 31, 2023     (3,289)       (2,776) 30,729 84,982 (80,762)  
Increase (decrease) in shareholders' equity                      
Other comprehensive income (loss)       96 (173) (474) 267        
Purchases                   (326)  
Dispositions               (393)   564  
Stock-based compensation               97      
Other changes [1]               (8)      
Net earnings (loss) attributable to the Company 33               33    
Dividends and other transactions with shareholders [2]                 (142)    
Other                 0    
Ending balance at Jun. 30, 2023 32,393 31,219 (3,573) (3,409) 4,041 (1,696) (2,510) 30,426 84,873 (80,524) 1,174
Preferred stock issued 3                    
Common stock issued 15                    
Common stock issued 15                    
Beginning balance at Dec. 31, 2023 28,605   (6,150)       (3,354) 26,962 86,553 (79,976)  
Increase (decrease) in shareholders' equity                      
Other comprehensive income (loss)       2,109 (980) (768) 1,753        
Purchases                   (2,652)  
Dispositions               (1,877)   2,615  
Stock-based compensation               232      
Other changes [1]               (35)      
Net earnings (loss) attributable to the Company 2,805               2,805    
Dividends and other transactions with shareholders [2]                 (11,987)    
Other                 (21)    
Ending balance at Jun. 30, 2024 18,843 18,598 (4,035) (1,514) 806 (1,727) (1,601) 25,282 77,349 (80,013) 245
Beginning balance at Mar. 31, 2024     (5,603)       (2,119) 25,887 88,090 (78,508)  
Increase (decrease) in shareholders' equity                      
Other comprehensive income (loss)       2,144 (780) (314) 518        
Purchases                   (2,335)  
Dispositions               (686)   831  
Stock-based compensation               118      
Other changes [1]               (36)      
Net earnings (loss) attributable to the Company 1,266               1,266    
Dividends and other transactions with shareholders [2]                 (11,989)    
Other                 (18)    
Ending balance at Jun. 30, 2024 18,843 $ 18,598 $ (4,035) $ (1,514) $ 806 $ (1,727) $ (1,601) $ 25,282 $ 77,349 $ (80,013) $ 245
Preferred stock issued 0                    
Common stock issued $ 15                    
[1] Included a $3,000 million decrease substantially all in Other capital related to our redemption of GE Series D preferred stock in the first quarter of 2023
[2] Included a $5,300 million decrease in Retained earnings reflecting a pro-rata distribution of approximately 80.1% of the shares of GE HealthCare on January 3, 2023. Included a $11,375 million decrease in Retained earnings reflecting a distribution of all the shares of GE Vernova on April 2, 2024.
[3] Included a reclassification of $1,007 million of noncontrolling interests attributable to GE Vernova to retained earnings as a result of the separation on April 2, 2024.