v3.25.4
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax
Income From Continuing Operations Before Income Taxes
For the years ended December 31
202520242023
U.S. income
$1,028 $593 $816 
Non-U.S. income
1,740 1,988 1,545 
Total
$2,768 $2,581 $2,361 
Schedule of Provision for Income Taxes
Provision for Income Taxes
For the years ended December 31
202520242023
Current
U.S. Federal$4 $62 $171 
Non-U.S.
317 412 345 
U.S. State
8 8 42 
Deferred
U.S. Federal110 3 — 
Non-U.S.
131 (12)103 
U.S. State44 58 82 
Total$614 $531 $743 
Schedule of Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate
The effective income tax rate for the year ended December 31, 2025 differs from the statutory federal income tax rate as follows.

Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate
For the year ended December 31, 2025
Amount
Percent
Income from continuing operations before income taxes
$2,768 
Tax expected at 21%
581 21.0 %
State and local income taxes, net of federal income tax effect(1)
41 1.5 %
Foreign tax effects
  China30 1.1 %
  Other foreign jurisdictions
54 2.0 %
Effect of cross-border tax laws
  Foreign-derived deduction eligible income
(49)(1.8)%
  Net CFC tested income
45 1.6 %
  Other5 0.2 %
Tax credits
  R&D tax credits
(28)(1.0)%
  Foreign tax credits
(81)(2.9)%
Changes in valuation allowances
9 0.3 %
Nontaxable or nondeductible items(2)
22 0.8 %
Changes in unrecognized tax benefits
(24)(0.9)%
Other adjustments
8 0.3 %
Effective tax rate$614 22.2 %
(1) In 2025, state and local income taxes in California, Illinois, New York, Florida, New Jersey, New York City, and Pennsylvania comprise more than 50% of state and local income taxes, net of federal income tax effect.
(2) The tax impact of any share-based compensation items are included in this category.

For the years ended December 31, 2024 and 2023, the effective income tax rate differs from the statutory federal income tax rate as follows.

Reconciliation of U.S. Federal Statutory Income Tax Rate to Actual Income Tax Rate
For the years ended December 31
20242023
Income from continuing operations before income taxes
$2,581 $2,361 
Tax expected at 21%
542 496 
Foreign operations
38 63 
Withholding taxes
34 28 
U.S. tax on foreign operations
(43)(35)
Uncertain tax positions
170 11 
R&D benefits
(51)(33)
State and local income taxes, net of federal income tax effect
49 24 
Valuation allowance
(281)19 
Spin-Off and separation costs
72 184 
Other
— (14)
Provision for income taxes
$531 $743 
Effective income tax rate
20.6%31.5%
Schedule of Unrecognized Tax Benefits Reconciliation
The balance of unrecognized tax benefits, the amount of related interest and penalties, and the portion that, if recognized, would reduce tax expense and effective tax rate are as follows.

202520242023
Balance at beginning of period
$551 $409 $465 
Additions for tax positions of the current year
5 4 — 
Additions for tax positions of prior years
43 181 156 
Reductions for tax positions of prior years
(108)(33)(203)
Settlements with tax authorities
(7)(4)(6)
Expiration of the statute of limitations
(21)(6)(3)
Balance at end of period
$463 $551 $409 
Schedule of Unrecognized Tax Benefits
Unrecognized Tax Benefits
For the years ended December 31
202520242023
Unrecognized tax benefits
$463 $551 $409 
Accrued interest on unrecognized tax benefits
65 81 72 
Portion that, if recognized, would reduce tax expense and effective tax rate
158 182 157 
Schedule of Deferred Tax Assets and Liabilities
As of
December 31, 2025December 31, 2024
Total assets
$4,491 $4,474 
Total liabilities
(193)(56)
Net deferred income tax asset (liability)
$4,298 $4,418 
Components of the Net Deferred Income Tax Asset (Liability)As of
December 31, 2025December 31, 2024
Deferred tax assets:
Employee benefits
$1,247 $1,340 
Reserves and accruals481 413 
Operating loss carryforwards
463 447 
Lease liabilities
48 57 
Tax credit carryforwards
119 80 
U.S. interest restriction carryforwards135 156 
Goodwill and other intangible assets1,184 1,355 
Property, plant, and equipment
181 223 
Capitalized R&D
834 689 
Other deferred tax assets100 55 
Total deferred income tax asset
4,793 4,817 
Valuation allowances
(251)(231)
Total deferred income tax asset after valuation allowance
4,542 4,586 
Deferred tax liabilities:
ROU assets
(47)(42)
Other deferred tax liabilities
(198)(126)
Total deferred income tax liability
(244)(168)
Net deferred income tax asset (liability)
$4,298 $4,418 
Summary of Valuation Allowance Activity in the valuation allowance consists of the following:
Valuation Allowances
For the years ended December 31
202520242023
Balance at beginning of period$231 $540 $272 
Provision for income taxes4 (279)(12)
Foreign currency exchange and other16 (31)280 
Balance at end of period $251 $231 $540 
Schedule of Income Taxes Paid
The amounts of cash paid for income taxes by GE HealthCare are as follows.
For the year ended December 31, 2025
U.S. Federal$38 
U.S. State17 
Foreign
  Norway69 
  China66 
  India41 
  Japan23 
  United Kingdom23 
  Other151 
Cash paid during the year for income taxes$429