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Condensed Consolidated and Combined Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 4,822 $ 4,576 $ 14,346 $ 13,403
Gross profit 1,935 1,773 5,766 5,247
Selling, general, and administrative 996 908 3,130 2,747
Research and development 322 260 890 755
Total operating expenses 1,318 1,168 4,020 3,502
Operating income 617 605 1,746 1,745
Interest and other financial charges – net 138 2 411 18
Non-operating benefit (income) costs (94) (1) (332) (4)
Other (income) expense – net (63) (18) (85) (63)
Income from continuing operations before income taxes 636 622 1,752 1,794
Benefit (provision) for income taxes (250) (129) (550) (412)
Net income from continuing operations 386 493 1,202 1,382
Income (loss) from discontinued operations, net of taxes (4) 0 (4) 12
Net income 382 493 1,198 1,394
Net (income) loss attributable to noncontrolling interests (7) (6) (33) (32)
Net income attributable to GE HealthCare 375 487 1,165 1,362
Deemed preferred stock dividend of redeemable noncontrolling interest 0 0 (183) 0
Net income attributable to GE HealthCare common stockholders $ 375 $ 487 $ 982 $ 1,362
Earnings per share from continuing operations attributable to GE HealthCare common stockholders:        
Basic (in dollars per share) $ 0.83 $ 1.07 $ 2.17 $ 2.97
Diluted (in dollars per share) 0.83 1.07 2.16 2.97
Earnings per share attributable to GE HealthCare common stockholders:        
Basic (in dollars per share) 0.82 1.07 2.16 3.00
Diluted (in dollars per share) $ 0.82 $ 1.07 $ 2.15 $ 3.00
Weighted-average number of shares outstanding:        
Basic (in shares) 455 454 455 454
Diluted (in shares) 458 454 458 454
Products        
Revenue $ 3,186 $ 3,012 $ 9,530 $ 8,702
Cost of revenue 2,076 1,995 6,197 5,825
Services        
Revenue 1,636 1,564 4,816 4,701
Cost of revenue $ 811 $ 808 $ 2,383 $ 2,331