Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 123

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 123
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recognized GainAs of January 1, 2023Defined benefit plans(1)Other postretirement plans(2)TotalAccumulated benefit obligations$21,696 $1,210 $22,906 Unrecognized gain recorded in AOCI1,258 1,223 2,481 Net Benefit LiabilityAs of January 1, 2023Defined benefit plans(1)Other postretirement plans(2)TotalProjected benefit obligations$21,743 $1,210 $22,953 Fair value of plan assets18,908 — 18,908 Net liability$2,835 $1,210 $4,045 (1) Defined benefit plans are comprised of both U.S. Plans and International Plans, as described below.(2) OPEB Plans are comprised of benefits, as described below.DESCRIPTION OF OUR PLANS.As a result of the liabilities and assets transferred to GE HealthCare on January 1, 2023, we disclose in the following tables postretirement plans with assets or obligations that exceed $50 million for the years ended December 31, 2024 and 2023. For the year ended December 31, 2022, we disclose postretirement plans with assets or obligations that exceed $20 million in the following tables. We use a December 31st measurement date for these plans and all tables presented below are for the years ended December 31st.The U.S. Pension Plans are comprised of the obligations transferred to GE HealthCare from GE in connection with the Spin-Off and obligations that existed prior to the Spin-Off. The largest plans include the GE HealthCare Pension Plan and the GE HealthCare Supplemental Pension Plan, which provides supplementary benefits to higher-level, longer-service U.S. employees. The GE HealthCare Pension Plan and the GE HealthCare Supplemental Pension Plan have been closed to new participants since 2012. All remaining service accruals for the GE HealthCare Pension Plan were frozen effective December 31, 2024. Benefits for participants of the GE HealthCare Supplemental Pension Plan who became executives before 2011 were frozen effective January 1, 2021, and thereafter these employees accrue a benefit which is paid out in ten annual installments upon retirement. The GE HealthCare Pension Plan has a projected benefit obligation of $15,230 million, plan assets of $13,650 million, and is 90% funded per U.S. GA