Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 141

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 141
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) Other derivatives are comprised of embedded derivatives and derivatives related to equity contracts. As of December 31, 2023, Other derivatives also included commodity contracts.The following table presents amounts recorded in Long-term borrowings in the Consolidated Statements of Financial Position related to cumulative basis adjustment for fair value hedges.December 31, 2024December 31, 2023Carrying amountCumulative basis adjustment included in the carrying amountCarrying amountCumulative basis adjustment included in the carrying amountLong-term borrowings designated in fair value hedges$2,644 $(51)$1,023 $25 Under the master arrangements with the respective counterparties to our derivative contracts, in certain circumstances and subject to applicable requirements, we are allowed to net settle transactions with a single net amount payable by one party to the other. However, we have elected to present the derivative assets and derivative liabilities on a gross basis in our Consolidated Statements of Financial Position and in the table above. As of December 31, 2024 and 2023, the potential effect of rights of offset associated with the derivative contracts would be an offset to both assets and liabilities by $77 million and $41 million, respectively.The table below presents the pre-tax gains (losses) recognized in OCI associated with the Company’s cash flow and net investment hedges.

95

Pre-tax Gains (Losses) Recognized in OCI Related to Cash Flow and Net Investment HedgesFor the years ended December 31202420232022Cash flow hedges$44 $(6)$37 Net investment hedges(1)80 (97)(111)(1) Amounts recognized in OCI for excluded components for the periods presented were immaterial.The tables below present the gains (losses) on our derivative financial instruments and hedging activity in the Consolidated and Combined Statements of Income.Derivative Financial Instruments and Hedging ActivityFor the year ended December 31, 2024Cost of productsCost of servicesSG&AInterest and other financial charges – netOther(4)Foreign currency forward contracts$(4)$(1)$— $— $— Effects of cash flow hedges(4)(1)— — — Cross-currency swaps— — — 31 — Foreign currency forward and options contracts— — — 11 — Effects of net investment hedges(1)— — — 42 — Interest rate swaps(2)— — — (103