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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total revenues $ 4,863 $ 4,822 $ 14,353 $ 14,346
Gross profit 2,026 1,935 5,930 5,766
Selling, general, and administrative 1,034 996 3,139 3,130
Research and development 316 322 967 890
Total operating expenses 1,350 1,318 4,106 4,020
Operating income 676 617 1,824 1,746
Interest and other financial charges – net 130 138 383 411
Non-operating benefit (income) costs (102) (94) (306) (332)
Other (income) expense – net (9) (63) (1) (85)
Income from continuing operations before income taxes 658 636 1,747 1,752
Benefit (provision) for income taxes (168) (250) (435) (550)
Net income from continuing operations 490 386 1,312 1,202
Income (loss) from discontinued operations, net of taxes 0 (4) 0 (4)
Net income 490 382 1,312 1,198
Net (income) loss attributable to noncontrolling interests (19) (7) (40) (33)
Net income attributable to GE HealthCare 470 375 1,272 1,165
Deemed preferred stock dividend of redeemable noncontrolling interest 0 0 0 (183)
Net income attributable to GE HealthCare common stockholders $ 470 $ 375 $ 1,272 $ 982
Earnings per share from continuing operations attributable to GE HealthCare common stockholders:        
Basic (in dollars per share) $ 1.03 $ 0.83 $ 2.79 $ 2.17
Diluted (in dollars per share) 1.02 0.83 2.77 2.16
Earnings per share attributable to GE HealthCare common stockholders:        
Basic (in dollars per share) 1.03 0.82 2.79 2.16
Diluted (in dollars per share) $ 1.02 $ 0.82 $ 2.77 $ 2.15
Weighted-average number of shares outstanding:        
Basic (in shares) 457 455 456 455
Diluted (in shares) 459 458 459 458
Product        
Total revenues $ 3,201 $ 3,186 $ 9,454 $ 9,530
Cost of revenue 2,033 2,076 6,045 6,197
Service        
Total revenues 1,662 1,636 4,899 4,816
Cost of revenue $ 805 $ 811 $ 2,378 $ 2,383