RESTRUCTURING CHARGES AND SEPARATION COSTS (Tables)

3 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

This table is inclusive of all restructuring charges in our segments and at Corporate, and the charges are shown below for the business where they originated. Separately, in our reported segment results, significant, higher-cost restructuring programs are excluded from measurement of segment operating performance for internal and external purposes; those excluded amounts are reported in Restructuring and other charges for Corporate.

	Three months ended March 31
RESTRUCTURING AND OTHER CHARGES	2023		2022
Workforce reductions	$	66	$	13
Plant closures & associated costs and other asset write-downs	82		26
Acquisition/disposition net charges and other	12		9
Total restructuring and other charges	$	161	$	48
Cost of equipment/services	$	36	$	27
Selling, general and administrative expenses	125		25
Other (income) loss	—		(3)
Total restructuring and other charges	$	161	$	48
Aerospace	$	4	$	5
Renewable Energy	65		6
Power	19		34
Corporate	72		3
Total restructuring and other charges	$	161	$	48
Restructuring and other charges cash expenditures	$	137	$	127

An analysis of changes in the liability for restructuring follows.

	2023		2022
Balance at January 1	$	977	$	825
Additions	86		9
Payments	(87)		(115)
Effect of foreign currency and other	—		(9)
Balance at March 31(a)	$	976	$	710

(a) Includes actuarial determined post-employment severance benefits reserve of $353 million and $322 million as of March 31, 2023 and 2022, respectively. Also includes $64 million reserve in discontinued operations related to a GE technology contract which is indemnified by GE HealthCare as of March 31, 2023.