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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows - operating activities      
Net income $ 2,050 $ 1,614 $ 1,967
Less: Income (loss) from discontinued operations, net of taxes 0 (4) 18
Net income from continuing operations 2,050 1,618 1,949
Adjustments to reconcile Net income from continuing operations to Cash from (used for) operating activities – continuing operations      
Depreciation of property, plant, and equipment 268 248 228
Amortization of intangible assets 312 362 405
Gain on fair value remeasurement of contingent consideration (19) (17) (65)
Net periodic postretirement benefit plan (income) expense (357) (332) 9
Postretirement plan contributions (332) (357) (18)
Share-based compensation 125 114 67
Provision for income taxes 531 743 563
Cash paid during the year for income taxes (491) (474) (851)
Changes in operating assets and liabilities, excluding the effects of acquisitions:      
Receivables (178) (185) (231)
Due from related parties 25 4 13
Inventories (81) 111 (402)
Contract and other deferred assets 3 10 (222)
Accounts payable 126 (13) 481
Due to related parties (61) (84) (33)
Contract liabilities 68 26 138
Current compensation and benefits 39 153 (37)
All other operating activities – net (74) 174 140
Cash from (used for) operating activities – continuing operations 1,955 2,101 2,134
Cash flows – investing activities      
Additions to property, plant and equipment and internal-use software (401) (387) (310)
Dispositions of property, plant, and equipment 0 1 4
Purchases of businesses, net of cash acquired (313) (147) 0
Purchases of investments (40) (48) (59)
All other investing activities – net (160) 23 (33)
Cash from (used for) investing activities – continuing operations (914) (558) (398)
Cash flows – financing activities      
Net increase (decrease) in borrowings (maturities of 90 days or less) 0 (12) 9
Newly issued debt, net of debt issuance costs (maturities longer than 90 days) 995 2,006 8,198
Repayments and other reductions (maturities longer than 90 days) (1,418) (855) (3)
Dividends paid to stockholders (55) (41) 0
Redemption of noncontrolling interests 0 (211) 0
Net transfers (to) from GE 0 (1,317) (8,934)
Proceeds from stock issued under employee benefit plans 33 34 0
Taxes paid related to net share settlement of equity awards (93) (33) 0
All other financing activities – net (34) (49) (92)
Cash from (used for) financing activities – continuing operations (573) (478) (822)
Cash from (used for) operating activities – discontinued operations (4) 0 (21)
Effect of foreign currency rate changes on cash, cash equivalents, and restricted cash (77) (10) (3)
Increase (decrease) in cash, cash equivalents, and restricted cash 387 1,055 890
Cash, cash equivalents, and restricted cash at beginning of year 2,506 1,451 561
Cash, cash equivalents, and restricted cash at end of year 2,893 2,506 1,451
Supplemental disclosure of cash flows information      
Cash paid during the year for interest (550) (570) 0
Non-cash investing activities      
Acquired but unpaid property, plant, and equipment $ 143 $ 140 $ 136