Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 118

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 118
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, a qualitative assessment was performed. Based on the results of the qualitative testing, the Company concluded that it was more likely than not that the fair value of each reporting unit exceeded its carrying value and no quantitative testing was required.OTHER INTANGIBLE ASSETS.As of December 31, 2024As of December 31, 2023Gross Carrying AmountAccumulated AmortizationNetGross Carrying AmountAccumulated AmortizationNetDefinite-lived assetsCustomer-related$112 $(24)$88 $60 $(16)$44 Patents and technology2,593 (1,987)606 2,541 (1,867)674 Capitalized software 1,743 (1,437)306 1,963 (1,509)454 Trademarks and other33 (29)4 33 (27)6 Total definite-lived assets4,481 (3,477)1,004 4,597 (3,419)1,178 Indefinite-lived assets(1)74 — 74 75 — 75 Total other intangible assets$4,555 $(3,477)$1,078 $4,672 $(3,419)$1,253 (1) Indefinite-lived intangible assets relate to acquired IPR&D prior to project completion and are not amortized.

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The Company performs an impairment test of IPR&D in the third quarter. In 2024 and 2023, the Company performed qualitative testing for all IPR&D assets and quantitative testing when warranted. Quantitative testing was performed for all IPR&D assets in 2022. Based on the results of this testing, there were no material impairments of indefinite-lived intangible assets recognized in the years ended December 31, 2024,  2023, or 2022.During the year ended December 31, 2024, we recorded additions to acquired intangible assets subject to amortization of $117 million, primarily related to patents and technology and customer-related intangibles, with a weighted-average useful life of eight years.Amortization expense was $312 million, $362 million, and $405 million for the years ended December 31, 2024, 2023, and 2022, respectively. There were no material impairments of definite-lived intangible assets recognized in the years ended December 31, 2024