Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 127

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 127
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 Consolidated Statement of Financial Position as of December 31, 2024, we estimate that we will amortize $119 million of net actuarial gain and $93 million of prior service credit from AOCI into Non-operating benefit (income) cost in the Consolidated Statement of Income during 2025.Components of Expense (Income)U.S. PlansInternational PlansOPEB Plans20242023202220242023202220242023Service cost – Operating$35 $35 $1 $20 $20 $18 $7 $6 Interest cost970 1,022 11 141 139 6 54 59 Expected return on plan assets(1,196)(1,242)(27)(193)(184)— — — Amortization of net loss (gain)(68)(121)— 14 6 5 (61)(64)Amortization of prior service cost (credit)8 4 — (2)(3)(5)(87)(87)Curtailment loss (gain)— 17 — — — — — — Settlement loss (gain)— 61 — — — — — — Special termination cost1 — — — — — — — Non-operating$(285)$(259)$(16)$(40)$(42)$6 $(94)$(92)Net periodic expense (income)$(250)$(224)$(15)$(20)$(22)$24 $(87)$(86)In the third quarter of 2023, management approved an amendment to the U.S. based GE HealthCare Pension Plan whereby the benefits for all remaining active employees were frozen effective December 31, 2024, and additional benefit enhancements were provided. As a result, we recognized a non-cash pre-tax curtailment loss of approximately $17 million as non-operating benefit costs and an increase to our pension liability of $23 million in 2023. As a result of the plan changes, we remeasured the plan assets and the projected benefit obligation. These changes collectively decreased AOCI by $305 million in the Consolidated Statement of Financial Position. 

87

In the fourth quarter of 2023, management approved and paid a one-time lump sum payment for certain terminated employees in two plans who were vested in their benefits. These lump sum settlements reduce