Company: GEHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001932393-25-000014
Chunk: 67

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 67
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750 1,750 6.377% senior notes due November 22, 20521,000 1,000 Floating rate Term Loan Facility due January 2, 2026500 750 Other30 36 Total principal debt issued8,780 9,036 Less: Unamortized debt issuance costs and discounts30 33 Add: Cumulative basis adjustment for fair value hedges9 (51)Total borrowings8,759 8,951 Less: Short-term borrowings(1)2,002 1,502 Long-term borrowings$6,757 $7,449 (1) Short-term borrowings as of March 31, 2025 and December 31, 2024 includes $2,000 million and $1,500 million, respectively, related to the current portion of our long-term borrowings, net of unamortized debt issuance costs and discounts.See Note 12, “Financial Instruments and Fair Value Measurements” for further information about borrowings and associated derivatives contracts.LETTERS OF CREDIT, GUARANTEES, AND OTHER COMMITMENTS.As of March 31, 2025 and December 31, 2024, the Company had bank guarantees and surety bonds of approximately $786 million and $784 million, respectively, related to certain commercial contracts. Additionally, we have issued approximately $24 million and $25 million of guarantees as of March 31, 2025 and December 31, 2024, respectively, primarily related to residual value and credit guarantees on equipment sold to third-party finance companies. Our Condensed Consolidated Statements of Financial Position reflect a liability of $2 million and $3 million as of March 31, 2025 and December 31, 2024, respectively, related to these guarantees. For credit-related guarantees, we estimate our expected credit losses related to off-balance sheet credit exposure consistent with the method used to estimate the allowance for credit losses on financial assets held at amortized cost.

NOTE 9. POSTRETIREMENT BENEFIT PLANS

We sponsor a number of pension and retiree health and life insurance benefit plans that we present in three categories: U.S. Plans, International Plans, and Other Postretirement Plans (“OPEB Plans”). Please refer to Note 10, “Postretirement Benefit Plans” in our Annual Report on Form 10-K for the fiscal year ended December 31, 202