Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 128

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 128
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 our future cash requirements. As a result of the partial settlement of the pension liability, we recognized a non-cash pre-tax settlement charge in 2023. The settlement charge of $61 million represents a pro rata portion of unrecognized net loss recorded in AOCI and is recorded in Non-operating benefit (income) costs in the Consolidated Statement of Income.AssumptionsU.S. PlansInternational PlansOPEB Plans20242023202220242023202220242023Weighted-average benefit obligations assumptionsDiscount rate5.7 %5.2 %5.5 %4.9 %4.2 %3.3 %5.5 %5.1 %Compensation increases3.5 %3.7 %— %2.8 %3.1 %3.0 %3.6 %3.6 %Weighted-average benefit cost assumptionsDiscount rate5.2 %5.5 %3.0 %4.2 %4.6 %1.2 %5.1 %5.4 %Expected rate of return on plan assets7.0 %7.0 %7.0 %5.3 %5.2 %2.4 %— %— %For the December 31, 2024 postretirement health care obligations remeasurement, the Company assumed a 8.0% initial weighted average rate of increase in the per capita cost of the various covered health care benefits, which applies primarily to non-Medicare eligible participants. The trend rate was assumed to decrease gradually to an ultimate rate of 4.5% in 2036 and remain at that level thereafter.Assumptions Used in Calculations Accounting requirements necessitate the use of assumptions to reflect the uncertainties and the length of time over which the pension obligations will be paid. The actual amount of future benefit payments will depend upon when participants retire, the amount of their benefit at retirement, and how long they live. To reflect the obligation in today’s U.S. dollars, we discount the future payments using a rate that matches the time frame over which the payments are expected to be made. We also assume a long-term rate of return that will be earned on investments used to fund these payments.GE HealthCare engages third-party actuaries to assist in the determination of the pension and other postretirement defined benefit plan assumptions. We evaluate these assumptions annually. We