POSTRETIREMENT BENEFIT PLANS (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Retirement Benefits [Abstract] |
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| Schedule of Defined Benefit Plans Disclosures |
The total assets and liabilities for all plans assumed by GE HealthCare on January 1, 2023, are shown in the tables below.
| | | | | | | | | | | | | Accumulated Benefit Obligations and Unrecognized Gain | | | | As of January 1, 2023 | | Defined benefit plans(1) | Other postretirement plans(2) | Total | | Accumulated benefit obligations | $ | 21,696 | | $ | 1,210 | | $ | 22,906 | | | | | | Unrecognized gain recorded in AOCI | 1,258 | | 1,223 | | 2,481 | |
| | | | | | | | | | | | | Net Benefit Liability | | | | | As of January 1, 2023 | | Defined benefit plans(1) | Other postretirement plans(2) | Total | | Projected benefit obligations | $ | 21,743 | | $ | 1,210 | | $ | 22,953 | | Fair value of plan assets | 18,908 | | — | | 18,908 | | | Net liability | $ | 2,835 | | $ | 1,210 | | $ | 4,045 | |
(1) Defined benefit plans are comprised of both U.S. Plans and International Plans, as described below.
(2) OPEB Plans are comprised of benefits, as described below. | | | | | | | | | | Plan Obligations in Excess of Plan Assets | As of | | December 31, 2025 | December 31, 2024 | | Accumulated benefit obligation | $ | 22,595 | | $ | 22,185 | | | Plans with accumulated benefit obligation in excess of plan assets | | | | Accumulated benefit obligation | $ | 19,754 | | $ | 19,517 | | | Fair value of plan assets | 14,677 | | 14,327 | | | Plans with projected benefit obligation in excess of plan assets | | | | Projected benefit obligation | $ | 19,778 | | $ | 19,540 | | | Fair value of plan assets | 14,677 | | 14,327 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Pre-Tax Amounts Recorded in AOCI | | | | | | | | | | U.S. Plans | | International Plans | | OPEB Plans | | 2025 | 2024 | | 2025 | 2024 | | 2025 | 2024 | | Net loss (gain) | $ | (147) | | $ | (506) | | | $ | 909 | | $ | 849 | | | $ | (450) | | $ | (469) | | | Prior service cost (credit) | (40) | | (51) | | | (15) | | (16) | | | (367) | | (447) | | | Total recorded in AOCI | $ | (187) | | $ | (557) | | | $ | 893 | | $ | 833 | | | $ | (818) | | $ | (916) | |
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| Schedule of Net Funded Status |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Plan Funded Status | U.S. Plans | | International Plans | | OPEB Plans | | 2025 | 2024 | | 2025 | 2024 | | 2025 | 2024 | | Change in projected benefit obligations | | | | | | | | | | Balance at January 1 | $ | 18,241 | | $ | 19,363 | | | $ | 2,957 | | $ | 3,385 | | | $ | 1,016 | | $ | 1,133 | | | Service cost | 4 | | 35 | | | 21 | | 20 | | | 6 | | 7 | | | Interest cost | 996 | | 970 | | | 151 | | 141 | | | 50 | | 54 | | | Participant contributions | — | | 4 | | | 1 | | — | | | 14 | | 16 | | | | | | | | | | | | Actuarial loss (gain) – net | 591 | | (799) | | | (122) | | (357) | | | (45) | | (48) | | | Benefits paid | (1,266) | | (1,332) | | | (136) | | (131) | | | (134) | | (146) | | | | | | | | | | | Settlements | — | | — | | | (8) | | (4) | | | — | | — | | Special termination cost | 3 | | — | | | — | | — | | | 1 | | — | | Acquisitions/Divestitures/Mergers | — | | — | | | 33 | | — | | | — | | — | | | Exchange rate adjustments | — | | — | | | 252 | | (96) | | | — | | — | | | Balance at December 31 | $ | 18,569 | | $ | 18,241 | | | $ | 3,148 | | $ | 2,957 | | | $ | 908 | | $ | 1,016 | | | Change in plan assets | | | | | | | | | | Balance at January 1 | $ | 14,378 | | $ | 15,485 | | | $ | 3,276 | | $ | 3,733 | | | $ | — | | $ | — | | | Actual gain (loss) on plan assets | 1,443 | | 49 | | | 14 | | (263) | | | — | | — | | | Employer contributions | 176 | | 172 | | | 41 | | 30 | | | 120 | | 130 | | | Participant contributions | — | | 4 | | | 1 | | — | | | 14 | | 16 | | | Benefits paid | (1,266) | | (1,332) | | | (144) | | (136) | | | (134) | | (146) | | Acquisitions/Divestitures/Mergers | — | | — | | | 72 | | — | | | — | | — | | | Exchange rate adjustments | — | | — | | | 269 | | (89) | | | — | | — | | | Balance at December 31 | $ | 14,731 | | $ | 14,378 | | | $ | 3,528 | | $ | 3,276 | | | $ | — | | $ | — | | | Funded status – surplus (deficit) | $ | (3,838) | | $ | (3,863) | | | $ | 380 | | $ | 319 | | | $ | (908) | | $ | (1,016) | |
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| Schedule of Amounts Recognized in Balance Sheet |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Amounts Recorded in Consolidated Statements of Financial Position | | | | | | | | U.S. Plans | | International Plans | | OPEB Plans | | 2025 | 2024 | | 2025 | 2024 | | 2025 | 2024 | All other non-current assets | $ | 13 | | $ | 11 | | | $ | 723 | | $ | 642 | | | $ | — | | $ | — | | Current compensation and benefits | (178) | | (172) | | | (23) | | (18) | | | (118) | | (135) | | Non-current compensation and benefits | (3,673) | | (3,702) | | | (319) | | (305) | | | (790) | | (881) | | | Net amount recorded | $ | (3,838) | | $ | (3,863) | | | $ | 380 | | $ | 319 | | | $ | (908) | | $ | (1,016) | |
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| Schedule of Pre-tax Cost of Postretirement Benefit Plans and Changes in Other Comprehensive Income |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Pre-tax Cost of Postretirement Benefit Plans and Changes in Other Comprehensive Income | | | | U.S. Plans | | International Plans | | OPEB Plans | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | Cost (income) of postretirement benefit plans | $ | (218) | | $ | (250) | | $ | (224) | | | $ | 37 | | $ | (20) | | $ | (22) | | | $ | (86) | | $ | (87) | | $ | (86) | | | Changes in other comprehensive loss (income): | | | | | | | | | | | | Transfers from GE at Spin-Off | — | | — | | (1,791) | | | — | | — | | 542 | | | — | | — | | (1,216) | | Plan amendments | — | | — | | 53 | | | — | | (1) | | — | | | — | | — | | — | | | Net loss (gain) – current year | 294 | | 348 | | 695 | | | 16 | | 98 | | 198 | | | (45) | | (48) | | 50 | | | Reclassifications out of AOCI: | | | | | | | | | | | | | Curtailment / settlement gain (loss) | — | | — | | (108) | | | 1 | | — | | — | | | — | | — | | — | | | | | | | | | | | | | | Amortization of net (loss) gain | 65 | | 68 | | 121 | | | (21) | | (14) | | (6) | | | 64 | | 61 | | 64 | | Amortization of prior service (cost) credit | 11 | | (8) | | (4) | | | 2 | | 2 | | 3 | | | 80 | | 87 | | 87 | | | Total changes in other comprehensive loss (income) | $ | 370 | | $ | 408 | | $ | (1,034) | | | $ | (2) | | $ | 86 | | $ | 737 | | | $ | 98 | | $ | 100 | | $ | (1,015) | | | Cost (income) of postretirement benefit plans and changes in other comprehensive loss (income) | $ | 152 | | $ | 158 | | $ | (1,258) | | | $ | 35 | | $ | 66 | | $ | 715 | | | $ | 12 | | $ | 13 | | $ | (1,101) | |
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| Components of Net Periodic Expense |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Components of Expense (Income) | | | | | | | U.S. Plans | | International Plans | | OPEB Plans | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | Service cost – Operating | $ | 4 | | $ | 35 | | $ | 35 | | | $ | 21 | | $ | 20 | | $ | 20 | | | $ | 6 | | $ | 7 | | $ | 6 | | | Interest cost | 996 | | 970 | | 1,022 | | | 151 | | 141 | | 139 | | | 50 | | 54 | | 59 | | | Expected return on plan assets | (1,145) | | (1,196) | | (1,242) | | | (152) | | (193) | | (184) | | | — | | — | | — | | | Amortization of net loss (gain) | (65) | | (68) | | (121) | | | 21 | | 14 | | 6 | | | (64) | | (61) | | (64) | | | Amortization of prior service cost (credit) | (11) | | 8 | | 4 | | | (2) | | (2) | | (3) | | | (80) | | (87) | | (87) | | Curtailment loss (gain) | — | | — | | 17 | | | — | | — | | — | | | — | | — | | — | | Settlement loss (gain) | — | | — | | 61 | | | (1) | | — | | — | | | — | | — | | — | | Special termination cost | 3 | | 1 | | — | | | — | | — | | — | | | 1 | | — | | — | | | Non-operating | $ | (222) | | $ | (285) | | $ | (259) | | | $ | 17 | | $ | (40) | | $ | (42) | | | $ | (92) | | $ | (94) | | $ | (92) | | | Net periodic expense (income) | $ | (218) | | $ | (250) | | $ | (224) | | | $ | 37 | | $ | (20) | | $ | (22) | | | $ | (86) | | $ | (87) | | $ | (86) | |
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| Schedule of Assumptions |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Assumptions | | | | | | | | | | | | | U.S. Plans | | International Plans | | OPEB Plans | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | 2025 | 2024 | 2023 | | Weighted-average benefit obligations assumptions | | | | | | | | | | | | | Discount rate | 5.4 | % | 5.7 | % | 5.2 | % | | 5.1 | % | 4.9 | % | 4.2 | % | | 5.0 | % | 5.5 | % | 5.1 | % | | Compensation increases | 3.5 | % | 3.5 | % | 3.7 | % | | 2.7 | % | 2.8 | % | 3.1 | % | | 3.6 | % | 3.6 | % | 3.6 | % | | Weighted-average benefit cost assumptions | | | | | | | | | | | | | Discount rate | 5.7 | % | 5.2 | % | 5.5 | % | | 4.9 | % | 4.2 | % | 4.6 | % | | 5.5 | % | 5.1 | % | 5.4 | % | | Expected rate of return on plan assets | 7.0 | % | 7.0 | % | 7.0 | % | | 4.7 | % | 5.3 | % | 5.2 | % | | — | % | — | % | — | % |
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| Schedule of Expected Benefit Payments |
| | | | | | | | | | | | | Expected Future Benefit Payments of Our Benefit Plans | | | | U.S. Plans | International Plans | OPEB Plans | | 2026 | $ | 1,397 | | $ | 157 | | $ | 118 | | | 2027 | 1,403 | | 158 | | 116 | | | 2028 | 1,408 | | 167 | | 112 | | | 2029 | 1,409 | | 172 | | 110 | | 2030 | 1,404 | | 179 | | 105 | | 2031-2035 | 6,797 | | 980 | | 436 | |
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| Schedule of Allocation of Plan Assets |
The following tables summarize our pension plan assets that are measured at fair value on a recurring basis. There are no plan assets associated with our OPEB Plans. The inputs and valuation techniques used to measure the fair value of the assets are consistent with the valuation methodologies we use to measure financial assets at fair value on a recurring basis, as described in Note 2, “Summary of Significant Accounting Policies.”
| | | | | | | | | | | | | | | | | | | Composition of Plan Assets | | Basis of fair value measurement | | | Balance as of December 31, 2025 | Level 1 | Level 2 | Level 3 | Measured at NAV(1) | | Global equity securities | $ | 4,832 | | $ | 2,292 | | $ | 108 | | $ | — | | $ | 2,432 | | Debt securities, cash, and cash equivalents | 8,412 | | 2,042 | | 5,330 | | — | | 1,040 | | | Real estate | 793 | | — | | — | | 299 | | 494 | | | Private equities and other investments | 1,990 | | (75) | | 46 | | 161 | | 1,858 | | Annuity contract | 2,104 | | — | | — | | 2,104 | | — | | Other | 128 | | — | | — | | — | | — | | Fair value of plan assets | $ | 18,259 | | $ | 4,258 | | $ | 5,484 | | $ | 2,564 | | $ | 5,825 | |
(1) Certain assets that are measured at fair value using the NAV per share (or its equivalent), as a practical expedient, have not been classified in the fair value hierarchy.
| | | | | | | | | | | | | | | | | | | | Basis of fair value measurement | | | Balance as of December 31, 2024 | Level 1 | Level 2 | Level 3 | Measured at NAV(1) | | Global equity securities | $ | 4,084 | | $ | 944 | | $ | 38 | | $ | — | | $ | 3,101 | | Debt securities, cash, and cash equivalents | 10,593 | | 1,307 | | 8,000 | | — | | 1,285 | | | Real estate | 1,100 | | — | | — | | 476 | | 623 | | | Private equities and other investments | 1,877 | | 7 | | 53 | | 216 | | 1,602 | | | | | | | | Fair value of plan assets | $ | 17,654 | | $ | 2,258 | | $ | 8,091 | | $ | 692 | | $ | 6,612 | |
(1) Certain assets that are measured at fair value using the NAV per share (or its equivalent), as a practical expedient, have not been classified in the fair value hierarchy. | | | | | | | | | | | | Weighted Average Asset Allocation of Pension Plans | 2025 Target | | 2025 Actual | | | | | | Global equity securities | 22 | % | | 26 | % | Debt securities, cash, and cash equivalents | 49 | % | | 46 | % | | Real estate | 5 | % | | 4 | % | | Private equities and other instruments | 12 | % | | 12 | % | Annuity contract | 12 | % | | 12 | % |
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