BORROWINGS

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

BORROWINGS

NOTE 10. BORROWINGS

December 31		2022				2021
		Amount		Average Rate		Amount		Average Rate
Current portion of long-term borrowings
Senior notes issued by GE		$	473	1.04	%	$	1,249	1.39	%
Senior and subordinated notes assumed by GE		1,973		1.50		1,645		2.05
Senior notes issued by GE Capital		1,188		1.54		1,370		0.63
Other		124				97
Total short-term borrowings		$	3,757			$	4,361
	Maturities	Amount		Average Rate		Amount		Average Rate
Senior notes issued by GE	2024-2052	$	12,927	4.75	%	$	5,373	2.87	%
Senior and subordinated notes assumed by GE	2024-2054	8,406		4.71		11,306		3.73
Senior notes issued by GE Capital	2024-2042	6,289		3.95		13,274		4.26
Other		971				870
Total long-term borrowings		$	28,593			$	30,824
Total borrowings		$	32,350			$	35,186

The Company has provided a full and unconditional guarantee on the payment of the principal and interest on all senior and subordinated outstanding long-term debt securities issued by subsidiaries of GE Capital, our former financial services business. This guarantee applied to $5,258 million and $13,719 million of senior notes and other debt issued by GE Capital at December 31, 2022 and 2021, respectively.

In the fourth quarter of 2022, GE HealthCare issued a total of $8,250 million in aggregate principal amount of senior unsecured debt, comprising $1,000 million of 5.55% Notes due 2024, $1,500 million of 5.60% Notes due 2025, $1,750 million of 5.65% Notes due 2027, $1,250 million of 5.857% Notes due 2030, $1,750 million of 5.905% Notes due 2032, and $1,000 million of 6.377% Notes due 2052. GE used the majority of the proceeds to complete a debt tender to repurchase a total of $7,234 million of debt, comprising $6,106 million of Capital issued debt with maturities ranging from 2032 through 2035, and $1,128 million of GE assumed debt due 2032. See Note 22 for further information about borrowings and associated interest rate swaps.

Long-term debt maturities over the next five years follow.

	2023			2024		2025		2026		2027
Debt issued by GE	$	473		$	1,217	$	2,357	$	49	$	2,450
Debt assumed by GE	1,973			512		237		1,136		222
Debt issued by GE Capital	1,188		(a)	112		694		149		624

(a)Fixed and floating rate notes of $363 million contain put options with exercise dates in 2023, which have final maturity beyond 2034.

The total interest payments on consolidated borrowings are estimated to be $1,367 million, $1,289 million, $1,195 million, $1,052 million and $988 million for 2023, 2024, 2025, 2026 and 2027, respectively.