SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Weighted Average Grant Date Fair Value and Share-Based Compensation Activity

The following tables provide the weighted average fair value of options, RSUs, and PSUs granted to employees during the six months ended June 30, 2023 and the related stock option valuation assumptions used in the Black-Scholes model:

Weighted Average Grant Date Fair Value
(In dollars)	June 30, 2023
Stock options	$	25
RSUs	73
PSUs	84

Share-Based Compensation Activity
	Stock options						RSUs
	Shares (in thousands)	Weighted average exercise price (in dollars)		Weighted average contractual term (in years)	Intrinsic value (in millions)		Shares (in thousands)	Weighted average grant date fair value (in dollars)		Weighted average contractual term (in years)	Intrinsic value (in millions)
Outstanding as of January 4, 2023(a)	3,738	$	90				3,551	$	58
Granted	2,143	72					1,788	73
Exercised/Vested	(448)	60					(672)	70
Forfeited	(31)	69					(158)	62
Expired	(30)	131					—	—
Outstanding as of June 30, 2023	5,372	$	85	6.4	$	53	4,509	$	63	1.8	$	368
Exercisable as of June 30, 2023	3,044	$	95	4.0	$	31	N/A	N/A		N/A	N/A
Expected to vest	1,780	$	72	9.5	$	17	3,851	$	55	1.8	$	313

(a) Our common stock began “regular way” trading on The Nasdaq Global Market on January 4, 2023. The shares outstanding as of January 4, 2023 pertain to GE equity-based awards issued by GE in prior periods to employees of the Company that were converted to GE HealthCare equity-based awards as part of the Spin-Off.

Schedule of Stock Options Valuation Assumptions

Key Assumptions in the Black-Scholes Valuation for Stock Options
	June 30, 2023
Risk free rate	3.6		%
Dividend yield	0.01		%
Expected volatility	26.2		%
Expected term (in years)	6.2
Strike price (in dollars)	$	72

Summary of Share-Based Compensation Expense and Other Share-Based Compensation Data

Share-based Compensation Expense	For the three months ended		For the six months ended
	June 30, 2023		June 30, 2023
Share-based compensation expense (pre-tax)	$	28	$	52
Income tax benefits	(3)		(11)
Share-based compensation expense (after-tax)	$	25	$	41

Other Share-based Compensation Data
Unrecognized compensation expense as of June 30, 2023(a)	$	202
Cash received from stock options exercised for the six months ended June 30, 2023	27
Intrinsic value of stock options exercised and RSU/PSUs vested in the six months ended June 30, 2023	57

(a) Amortized over a weighted average period of 2.2 years.