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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenues $ 4,839 $ 4,817 $ 9,489 $ 9,524
Gross profit 2,002 1,940 3,904 3,831
Selling, general, and administrative 1,067 1,072 2,105 2,134
Research and development 327 298 651 568
Total operating expenses 1,395 1,370 2,756 2,702
Operating income 608 570 1,148 1,129
Interest and other financial charges – net 131 137 254 273
Non-operating benefit (income) costs (101) (123) (204) (238)
Other (income) expense – net (1) (14) 8 (22)
Income before income taxes 578 570 1,090 1,116
Benefit (provision) for income taxes (143) (137) (267) (300)
Net income 435 433 823 816
Net (income) loss attributable to noncontrolling interests (7) (15) (21) (26)
Net income attributable to GE HealthCare 428 418 802 790
Deemed preferred stock dividend of redeemable noncontrolling interest 0 0 0 (183)
Net income attributable to GE HealthCare common stockholders $ 428 $ 418 $ 802 $ 607
Earnings per share attributable to GE HealthCare common stockholders:        
Basic (in dollars per share) $ 0.94 $ 0.92 $ 1.76 $ 1.34
Diluted (in dollars per share) $ 0.93 $ 0.91 $ 1.75 $ 1.33
Weighted-average number of shares outstanding:        
Basic (in shares) 457 455 456 455
Diluted (in shares) 459 458 459 458
Product        
Total revenues $ 3,207 $ 3,213 $ 6,253 $ 6,344
Cost of revenue 2,045 2,084 4,012 4,121
Service        
Total revenues 1,632 1,604 3,237 3,180
Cost of revenue $ 792 $ 793 $ 1,574 $ 1,572