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POSTRETIREMENT BENEFIT PLANS (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Defined Benefit Plans Disclosures
The total assets and liabilities for all plans assumed by GE HealthCare on January 1, 2023, are shown in the tables below.

Accumulated Benefit Obligations and Unrecognized Gain
As of January 1, 2023
Defined benefit plans(1)
Other postretirement plans(2)
Total
Accumulated benefit obligations$21,696 $1,210 $22,906 
Unrecognized gain recorded in AOCI
1,258 1,223 2,481 

Net Benefit Liability
As of January 1, 2023
Defined benefit plans(1)
Other postretirement plans(2)
Total
Projected benefit obligations$21,743 $1,210 $22,953 
Fair value of plan assets
18,908 — 18,908 
Net liability$2,835 $1,210 $4,045 
(1) Defined benefit plans are comprised of both U.S. Plans and International Plans, as described below.
(2) OPEB Plans are comprised of benefits, as described below.
Plan Obligations in Excess of Plan AssetsAs of
December 31, 2024
December 31, 2023
Accumulated benefit obligation$22,185 $23,841 
Plans with accumulated benefit obligation in excess of plan assets
Accumulated benefit obligation$19,517 $20,774 
Fair value of plan assets14,327 15,433 
Plans with projected benefit obligation in excess of plan assets
Projected benefit obligation$19,540 $20,808 
Fair value of plan assets14,327 15,433 
Pre-Tax Amounts Recorded in AOCI
U.S. PlansInternational PlansOPEB Plans
202420232024202320242023
Net loss (gain)$(506)$(922)$849 $784 $(469)$(482)
Prior service cost (credit)(51)(43)(16)(18)(447)(533)
Total recorded in AOCI$(557)$(965)$833 $766 $(916)$(1,015)
Schedule of Net Funded Status
Plan Funded StatusU.S. PlansInternational PlansOPEB Plans
202420232024202320242023
Change in projected benefit obligations
Balance at January 1$19,363 $297 $3,385 $343 $1,133 $— 
Transfers from GE at Spin-Off— 18,999 — 2,705 — 1,149 
Service cost35 35 20 20 7 6 
Interest cost970 1,022 141 139 54 59 
Participant contributions4 4 — 1 16 18 
Plan amendments
— 53 — 2 — — 
Actuarial loss (gain) – net(799)553 (357)161 (48)50 
Benefits paid(1,332)(1,570)(131)(130)(146)(149)
Curtailments— (30)— — — — 
Settlements
— — (4)— — — 
Exchange rate adjustments— — (96)144 — — 
Balance at December 31$18,241 $19,363 $2,957 $3,385 $1,016 $1,133 
Change in plan assets
Balance at January 1$15,485 $362 $3,733 $20 $— $— 
Transfers from GE at Spin-Off
— 15,402 — 3,482 — — 
Actual gain (loss) on plan assets49 1,101 (263)145 — — 
Employer contributions172 186 30 40 130 131 
Participant contributions4 4 — 1 16 18 
Benefits paid(1,332)(1,570)(136)(130)(146)(149)
Acquisitions/Divestitures/Mergers
— — — 1 — — 
Exchange rate adjustments— — (89)174 — — 
Balance at December 31$14,378 $15,485 $3,276 $3,733 $— $— 
Funded status – surplus (deficit)$(3,863)$(3,878)$319 $348 $(1,016)$(1,133)
Schedule of Amounts Recognized in Balance Sheet
Amounts Recorded in Consolidated Statements of Financial Position
U.S. PlansInternational PlansOPEB Plans
202420232024202320242023
All other non-current assets
$11 $11 $642 $701 $— $— 
Current compensation and benefits
(172)(173)(18)(17)(135)(130)
Non-current compensation and benefits
(3,702)(3,716)(305)(336)(881)(1,003)
Net amount recorded$(3,863)$(3,878)$319 $348 $(1,016)$(1,133)
Schedule of Pre-tax Cost of Postretirement Benefit Plans and Changes in Other Comprehensive Income
Pre-tax Cost of Postretirement Benefit Plans and Changes in Other Comprehensive Income
U.S. Plans
International Plans
OPEB Plans
20242023202220242023202220242023
Cost (income) of postretirement benefit plans
$(250)$(224)$(15)$(20)$(22)$24 $(87)$(86)
Changes in other comprehensive loss (income):
Transfers from GE at Spin-Off
— (1,791)— — 542 — — (1,216)
Plan amendments
— 53 — (1)— — — — 
Net loss (gain) – current year348 695 47 98 198 (121)(48)50 
Reclassifications out of AOCI:
Curtailment / settlement gain (loss)— (108)— — — — — — 
Amortization of net (loss) gain
68 121 — (14)(6)(5)61 64 
Amortization of prior service (cost) credit
(8)(4)— 2 3 5 87 87 
Total changes in other comprehensive loss (income)$408 $(1,034)$47 $86 $737 $(121)$100 $(1,015)
Cost (income) of postretirement benefit plans and changes in other comprehensive loss (income)$158 $(1,258)$32 $66 $715 $(97)$13 $(1,101)
Components of Net Periodic Expense
Components of Expense (Income)
U.S. Plans
International Plans
OPEB Plans
20242023202220242023202220242023
Service cost – Operating$35 $35 $1 $20 $20 $18 $7 $6 
Interest cost970 1,022 11 141 139 6 54 59 
Expected return on plan assets(1,196)(1,242)(27)(193)(184)— — — 
Amortization of net loss (gain)(68)(121)— 14 6 5 (61)(64)
Amortization of prior service cost (credit)8 4 — (2)(3)(5)(87)(87)
Curtailment loss (gain)
— 17 — — — — — — 
Settlement loss (gain)
— 61 — — — — — — 
Special termination cost
1 — — — — — — — 
Non-operating$(285)$(259)$(16)$(40)$(42)$6 $(94)$(92)
Net periodic expense (income)$(250)$(224)$(15)$(20)$(22)$24 $(87)$(86)
Schedule of Assumptions
Assumptions
U.S. Plans
International Plans
OPEB Plans
20242023202220242023202220242023
Weighted-average benefit obligations assumptions
Discount rate5.7 %5.2 %5.5 %4.9 %4.2 %3.3 %5.5 %5.1 %
Compensation increases3.5 %3.7 %— %2.8 %3.1 %3.0 %3.6 %3.6 %
Weighted-average benefit cost assumptions
Discount rate5.2 %5.5 %3.0 %4.2 %4.6 %1.2 %5.1 %5.4 %
Expected rate of return on plan assets7.0 %7.0 %7.0 %5.3 %5.2 %2.4 %— %— %
Schedule of Expected Benefit Payments
Expected Future Benefit Payments of Our Benefit Plans
U.S. Plans
International Plans
OPEB Plans
2025
$1,377 $134 $135 
2026
1,391 140 132 
2027
1,396 142 129 
2028
1,400 154 125 
2029
1,400 159 121 
2030-2034
6,827 880 487 
Schedule of Allocation of Plan Assets
The following tables summarize our pension plan assets that are measured at fair value on a recurring basis. There are no plan assets associated with our OPEB Plans. The inputs and valuation techniques used to measure the fair value of the assets are consistent with the valuation methodologies we use to measure financial assets at fair value on a recurring basis, as described in Note 2, “Summary of Significant Accounting Policies.”

Composition of Plan Assets
Basis of fair value measurement
Balance as of December 31, 2024
Level 1
Level 2
Level 3
Measured at NAV(1)
Global equity securities$4,084 $944 $38 $— $3,101 
Debt securities, cash, and cash equivalents
10,593 1,307 8,000 — 1,285 
Real estate1,100 — — 476 623 
Private equities and other investments1,877 7 53 216 1,602 
Fair value of plan assets
$17,654 $2,258 $8,091 $692 $6,612 
(1) Certain assets that are measured at fair value using the NAV per share (or its equivalent), as a practical expedient, have not been classified in the fair value hierarchy.

Basis of fair value measurement
Balance as of December 31, 2023
Level 1
Level 2
Level 3
Measured at NAV(1)
Global equity securities$3,076 $1,005 $1 $— $2,070 
Debt securities, cash, and cash equivalents
11,098 1,105 8,512 — 1,481 
Real estate1,420 — — 402 1,018 
Private equities and other investments3,624 — 10 224 3,390 
Fair value of plan assets
$19,218 $2,110 $8,523 $626 $7,959 
(1) Certain assets that are measured at fair value using the NAV per share (or its equivalent), as a practical expedient, have not been classified in the fair value hierarchy.
Weighted Average Asset Allocation of Pension Plans
2024 Target2024 Actual
Global equity securities22 %23 %
Debt securities, cash, and cash equivalents
61 %60 %
Real estate6 %6 %
Private equities and other instruments11 %11 %