Company: GEHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001932393-25-000014
Chunk: 17

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 17
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 accounted for as fair value hedges2,700 17 14 2,700 — 51 Foreign currency forward contracts4,395 22 14 3,925 11 29 Other derivatives(1) (2)384 31 2 370 47 — Derivatives not designated as hedging instruments4,779 53 16 4,294 57 29 Total derivatives$12,788 $136 $160 $11,930 $145 $155 (1) As of March 31, 2025, accrued interest is included in the above fair value and is not considered material. As of December 31, 2024, accrued interest is excluded from the above fair value and is not considered material. (2) Other derivatives are comprised of embedded derivatives and derivatives related to equity contracts.The following table presents amounts recorded in Long-term borrowings in the Condensed Consolidated Statements of Financial Position related to cumulative basis adjustment for fair value hedges.March 31, 2025December 31, 2024Carrying amountCumulative basis adjustment included in the carrying amountCarrying amountCumulative basis adjustment included in the carrying amountLong-term borrowings designated in fair value hedges$2,704 $9 $2,644 $(51)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 Condensed Consolidated Statements of Financial Position and in the table above. As of March 31, 2025 and December 31, 2024, the potential effect of rights of offset associated with the derivative contracts would be an offset to both assets and liabilities by $55 million and $77 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.

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Pre-tax Gains (Losses) Recognized in OCI Related to Cash Flow and Net Investment HedgesFor the three months ended March 3120252024Cash flow hedges$(14)$20 Net investment hedges(1)(65)32 (1) Amounts recognized in OCI for excluded components for the periods presented were immaterial