Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 113

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 113
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,550 $2,500 

NOTE 5. RECEIVABLES

Current ReceivablesAs ofDecember 31, 2024December 31, 2023Current customer receivables(1)$3,382 $3,339 Non-income based tax receivables155 166 Other sundry receivables131 118 Current sundry receivables286 284 Allowance for credit losses(103)(98)Total current receivables – net$3,564 $3,525 (1) Chargebacks, which are primarily related to our PDx business, are generally settled through issuance of credits, typically within one month of initial recognition, and are recorded as a reduction to current customer receivables. Balances related to chargebacks were $153 million and $144 million as of December 31, 2024 and 2023, respectively.Activity in the allowance for credit losses related to current receivables consisted of the following:For the years ended December 31202420232022Balance at beginning of period$98 $91 $107 Additions charged to costs and expenses20 16 2 Write-offs(12)(11)(13)Foreign currency exchange and other(2)2 (5)Balance at end of period $103 $98 $91 Long-Term ReceivablesAs ofDecember 31, 2024December 31, 2023Long-term customer receivables$59 $55 Non-income based tax receivables20 26 Other sundry receivables68 73 Long-term sundry receivables88 99 Allowance for credit losses(1)(5)(30)Total long-term receivables – net(2)$142 $124 (1) For the year ended December 31, 2024, the decrease in the Allowance for credit losses is driven by a $25 million write-off of a long-term receivable that was fully reserved as of December 31, 2023. Write-offs of long-term receivables were not material for the year ended December 31, 2023.(2) Long-term receivables are recognized within All other non-current assets in the Consolidated Statements of Financial Position.

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NOTE 6. FINANCING RECEIVABLES

Current and Non-current Financing ReceivablesAs ofDecember 31, 2024December 31, 2023Lo