Company: GEHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001932393-25-000049
Chunk: 34

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 34
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 qualifying hedges. These derivatives serve as economic hedges of foreign currency exchange rate and equity price risks. We also identify and record foreign currency-related features in our purchase or sales contracts where the currency is not the local or functional currency of any substantive party to the contract as embedded derivatives.The changes in fair value of derivatives not designated in qualifying hedge transactions are recorded in Cost of products, Cost of services, Selling, general, and administrative (“SG&A”), and Other (income) expense – net in the Condensed Consolidated Statements of Income based on the nature of the underlying hedged transaction. Changes in fair value of embedded derivatives are recognized in Other (income) expense – net in the Condensed Consolidated Statements of Income.The cash flows associated with derivatives not designated but used as economic hedges are recorded, based on the nature of the underlying hedged transaction, in All other operating activities – net and All other investing activities – net in the Condensed Consolidated Statements of Cash Flows. The cash flows related to embedded derivatives are included in All other operating activities – net in the Condensed Consolidated Statements of Cash Flows.The following table presents the gross fair values of our outstanding derivative instruments.Fair Value of DerivativesJune 30, 2025December 31, 2024Gross NotionalFair Value – AssetsFair Value – LiabilitiesGross NotionalFair Value – AssetsFair Value – LiabilitiesForeign currency forward contracts$1,632 $18 $59 $1,210 $43 $11 Derivatives accounted for as cash flow hedges1,632 18 59 1,210 43 11 Cross-currency swaps(1)2,574 25 114 1,995 15 46 Foreign currency forward and options contracts2,694 30 27 1,731 30 18 Derivatives accounted for as net investment hedges5,268 55 141 3,726 45 64 Interest rate swaps(1)2,700 41 6 2,700 — 51 Derivatives accounted for as fair value hedges2,700 41 6 2,700 — 51 Foreign currency forward contracts4,093 31 19 3,925 11 29 Other derivatives(1) (2)362 33 8 370 47 — Derivatives not designated as hedging instruments4,455 64 28