GE HealthCare Technologies Inc. (GEHC) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that GE HealthCare Technologies Inc. surfaced in its latest filing.

• U.S. imposed new tariffs on most imports from all countries in 2025, materially impacting profitability and cash flows, primarily due to bilateral U.S. and Chinese tariffs and U.S. tariffs on all other global import suppliers.2025
• U.S. Department of Commerce regulations require licenses for some transactions to export medical equipment to Russia, and license approvals may not be obtained timely.
• EU and other countries expanded licensing requirements for spare parts, services, software, and other items affecting supply to Russia.
• China has implemented volume-based procurement processes to constrain healthcare costs.
• In China, government authorities control the inclusion or removal of drugs from the Essential Drug List and the National Reimbursement Drug List, which govern reimbursement under state-sponsored health plans.
• In 2025, we completed or entered into acquisitions as discussed in Note 8, 'Acquisitions, Goodwill, and Other Intangible Assets'.2025
• In 2025, China significantly tightened its export controls on rare earth minerals; some restrictions were temporarily suspended after trade negotiations with the U.S. in October 2025.October 2025
• We do not own the GE trademark or logo; we use them under a Trademark License Agreement with GE entered at Spin-Off.
• In 2023, China's Central Commission for Discipline Inspection, the National Supervisory Commission, and other governmental entities in China initiated an anti-corruption campaign focused on the healthcare sector, which contributed to delayed orders and sales in our China business.2023
• GE received a private letter ruling from the IRS regarding the tax-free status of the Spin-Off under Sections 355 and 368(a)(1)(D) of the Code.
• In 2025, the U.S. administration began efforts to reduce federal spending and the size of the federal workforce, which could result in contract terminations, delays, cancellations, and reductions.2025
• In January 2025, an executive order was issued requiring U.S. federal contractors to certify they do not operate any DEI programs that violate federal anti-discrimination laws, with potential penalties and jeopardizing future government work.January 2025
• As of December 31, 2025, we had $10,003 million of borrowings outstanding.December 31, 2025
• As of the year ended December 31, 2025, our largest currency exposures are the Euro, Chinese Renminbi, Japanese Yen, Norwegian Krone, and British Pound Sterling.December 31, 2025
• Certificate of incorporation designates Court of Chancery of Delaware as exclusive forum for certain claims, and federal district courts as exclusive forum for Securities Act claims.