Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 130

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 130
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 on a recurring basis. There are no plan assets associated with our OPEB Plans. The inputs and valuation techniques used to measure the fair value of the assets are consistent with the valuation methodologies we use to measure financial assets at fair value on a recurring basis, as described in Note 2, “Summary of Significant Accounting Policies.”Composition of Plan AssetsBasis of fair value measurementBalance as of December 31, 2024Level 1Level 2Level 3Measured at NAV(1)Global equity securities$4,084 $944 $38 $— $3,101 Debt securities, cash, and cash equivalents10,593 1,307 8,000 — 1,285 Real estate1,100 — — 476 623 Private equities and other investments1,877 7 53 216 1,602 Fair value of plan assets$17,654 $2,258 $8,091 $692 $6,612 (1) Certain assets that are measured at fair value using the NAV per share (or its equivalent), as a practical expedient, have not been classified in the fair value hierarchy.Basis of fair value measurementBalance as of December 31, 2023Level 1Level 2Level 3Measured at NAV(1)Global equity securities$3,076 $1,005 $1 $— $2,070 Debt securities, cash, and cash equivalents11,098 1,105 8,512 — 1,481 Real estate1,420 — — 402 1,018 Private equities and other investments3,624 — 10 224 3,390 Fair value of plan assets$19,218 $2,110 $8,523 $626 $7,959 (1) Certain assets that are measured at fair value using the NAV per share (or its equivalent), as a practical expedient, have not been classified in the fair value hierarchy.As of December 31, 2024 and 2023, the fair value of plan assets that used significant unobservable inputs (Level 3) was $692 million and $626 million, respectively. These assets primarily relate to real estate and private equity investments. The changes to the balances of Level 3 plan assets during 2024 were not significant. During 2023, the balances