Company: GEHC
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0001932393-25-000005
Chunk: 136

Company: GE HealthCare Technologies Inc.
Filing Date: 2025-02-13
Form: 10-K
Item: Item 8
Chunk 136
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. This amount excludes accruals of $266 million for unrecognized tax benefits the Company has recorded related to the underlying tax positions which generated the net operating losses and expected impacts to U.S. foreign tax credits of $420 million. UNDISTRIBUTED EARNINGS. Post Spin-Off, the Company’s previously undistributed earnings of certain of our foreign subsidiaries are no longer indefinitely reinvested in non-U.S. businesses due to current U.S. funding needs. Therefore, in 2023, an incremental deferred tax liability of $21 million was recorded for withholding and other foreign taxes due upon future distribution of earnings. In addition, the Company is providing for withholding and other foreign taxes due upon future distribution of current period earnings. However, the Company generally considers instances of outside basis differences in foreign subsidiaries that would incur additional U.S. tax upon an unforeseen future reversal (e.g., capital gain distribution or disposition to an unrelated third party) of approximately $8 billion to be permanent in duration. Quantification of the deferred tax liability, if any, associated with indefinitely reinvested basis differences is not practicable.

NOTE 12. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) – NET

Changes in Accumulated other comprehensive income (loss) – net by component were as follows.Currency translation adjustments(1)Pension and Other Postretirement PlansCash flow hedgesTotal AOCIDecember 31, 2021$(969)$(100)$32 $(1,037)Other comprehensive income (loss) before reclassifications – net of taxes of $(5), $(39), and $(10)(878)58 27 (793)Reclassifications from AOCI – net of taxes(2) of $—, $—, and $17— — (50)(50)Other comprehensive income (loss)(878)58 (23)(843)Less: Other comprehensive income (loss) attributable to noncontrolling interests(2)— — (2)December 31, 2022(1,845)(42)9 (1,878)Other comprehensive income (loss) before reclassifications(3) – net of taxes of $22, $186, and $174 (601)(5)(532)Reclassifications from AOCI – net of taxes(2) of $—, $97, and $6— (296)(22)(318)Other comprehensive income (loss)74 (