XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.3
RESTRUCTURING ACTIVITIES
 9 Months Ended
Sep. 30, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES RESTRUCTURING ACTIVITIES
Restructuring activities are essential to optimize the business operating model for GE HealthCare and mostly involve workforce reductions, organizational realignments, and revisions to our real estate footprint. Specifically, restructuring charges (gains) primarily include facility exit costs, employee-related termination benefits associated with workforce reductions, asset write-downs, and cease-use costs. For segment reporting, restructuring activities are not allocated.
Net expenses for restructuring initiatives committed to by management through September 30, 2024 are included in the table below.
Restructuring Activities
For the three months ended September 30
For the nine months ended September 30
2024202320242023
Employee termination costs$19 $1 $61 $26 
Facility and other exit costs2 1 15 2 
Asset write-downs1 1 14 6 
Total restructuring activities – net
$22 $3 $90 $34 
These restructuring initiatives are expected to result in additional expenses of approximately $21 million, to be incurred primarily over the next 12 months, substantially related to employee-related termination benefits and asset write-downs. Restructuring expenses (gains) are recognized within Cost of products, Cost of services, or SG&A, as appropriate, in the Condensed Consolidated Statements of Income.
Liabilities related to restructuring are recognized within Current compensation and benefits, All other current liabilities, Non-current compensation and benefits, and All other non-current liabilities in the Condensed Consolidated Statements of Financial Position and totaled $80 million and $68 million as of September 30, 2024 and December 31, 2023, respectively.