SUPPLEMENTAL FINANCIAL INFORMATION (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Organization, Consolidation and Presentation of Financial Statements [Abstract] |
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| Schedule of Cash and Cash Equivalents |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH. | | | | | | | | | | As of | | June 30, 2026 | December 31, 2025 | Cash and cash equivalents(1) | $ | 2,079 | | $ | 4,492 | | Short-term restricted cash | 26 | | 20 | | Total Cash, cash equivalents, and restricted cash as presented in the Condensed Consolidated Statements of Financial Position | 2,105 | | 4,512 | | Long-term restricted cash(2) | 3 | | 3 | | Total Cash, cash equivalents, and restricted cash as presented in the Condensed Consolidated Statements of Cash Flows | $ | 2,108 | | $ | 4,515 | |
(1) The decrease in Cash and cash equivalents was primarily due to the Intelerad acquisition. Refer to Note 7, “Acquisitions, Goodwill, and Other Intangible Assets” for further information. (2) Long-term restricted cash is recognized within All other non-current assets in the Condensed Consolidated Statements of Financial Position.
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| Schedule of Restricted Cash and Cash Equivalents |
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH. | | | | | | | | | | As of | | June 30, 2026 | December 31, 2025 | Cash and cash equivalents(1) | $ | 2,079 | | $ | 4,492 | | Short-term restricted cash | 26 | | 20 | | Total Cash, cash equivalents, and restricted cash as presented in the Condensed Consolidated Statements of Financial Position | 2,105 | | 4,512 | | Long-term restricted cash(2) | 3 | | 3 | | Total Cash, cash equivalents, and restricted cash as presented in the Condensed Consolidated Statements of Cash Flows | $ | 2,108 | | $ | 4,515 | |
(1) The decrease in Cash and cash equivalents was primarily due to the Intelerad acquisition. Refer to Note 7, “Acquisitions, Goodwill, and Other Intangible Assets” for further information. (2) Long-term restricted cash is recognized within All other non-current assets in the Condensed Consolidated Statements of Financial Position.
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| Schedule of Inventory |
INVENTORIES. | | | | | | | | | | As of | | June 30, 2026 | December 31, 2025 | Raw materials | $ | 1,063 | | $ | 1,002 | | Work in process | 103 | | 95 | | Finished goods | 1,317 | | 1,137 | | Inventories | $ | 2,483 | | $ | 2,234 | |
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| Summary of Property, Plant and Equipment |
PROPERTY, PLANT, AND EQUIPMENT – NET. | | | | | | | | | | As of | | June 30, 2026 | December 31, 2025 | Land and improvements | $ | 139 | | $ | 144 | | Buildings, structures, and related equipment | 2,207 | | 2,140 | | Machinery and equipment | 2,872 | | 2,872 | | Leasehold improvements and manufacturing plants under construction | 582 | | 574 | | Total property, plant, and equipment, at original cost | 5,799 | | 5,731 | | Accumulated depreciation | (3,044) | | (3,049) | | Operating lease ROU assets, net of amortization | 391 | | 410 | | Property, plant, and equipment – net | $ | 3,146 | | $ | 3,092 | |
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| Schedule of Other Current Assets |
| | | | | | | | | All Other Current Assets | As of | | June 30, 2026 | December 31, 2025 | Prepaid expenses and deferred costs | $ | 300 | | $ | 228 | | Financing receivables – net | 92 | | 95 | | Derivative instruments | 125 | | 169 | | Income tax receivables | 164 | | 154 | | Other(1) | 111 | | 81 | | All other current assets | $ | 793 | | $ | 726 | |
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| Schedule of Other Noncurrent Assets |
| | | | | | | | | All Other Non-Current Assets | As of | | June 30, 2026 | December 31, 2025 | Prepaid pension asset | $ | 738 | | $ | 742 | | Equity method and other investments | 362 | | 351 | | Financing receivables – net | 191 | | 190 | | Derivative instruments | 97 | | 88 | | Long-term receivables – net | 183 | | 190 | | Inventories | 127 | | 121 | | Contract and other deferred assets | 216 | | 211 | | Capitalized cloud computing arrangement implementation costs(1) | 221 | | 200 | | Other(2) | 120 | | 112 | | All other non-current assets | $ | 2,254 | | $ | 2,205 | |
(1) See the supplemental table “Capitalized Cloud Computing Arrangement Implementation Costs” for further information. (2) Other primarily consists of indemnity assets associated with separation agreements with GE and income tax receivables.
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| Schedule of Other Current Liabilities |
| | | | | | | | | All Other Current Liabilities | As of | | June 30, 2026 | December 31, 2025 | Sales allowances and related liabilities | $ | 237 | | $ | 256 | | Income and indirect tax liabilities including uncertain tax positions | 180 | | 324 | | Product warranties | 176 | | 169 | | Accrued logistics and utilities | 205 | | 197 | | Operating lease liabilities | 131 | | 134 | | Derivative instruments | 55 | | 47 | | Interest payable on borrowings | 91 | | 100 | | Environmental and asset retirement obligations | 11 | | 11 | | Other(1) | 344 | | 348 | | All other current liabilities | $ | 1,429 | | $ | 1,587 | |
(1) Other primarily consists of miscellaneous accrued costs, dividends payable, and contingent consideration liabilities.
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| Schedule of Other Noncurrent Liabilities |
| | | | | | | | | All Other Non-Current Liabilities | As of | | June 30, 2026 | December 31, 2025 | Contract liabilities | $ | 857 | | $ | 803 | | Operating lease liabilities | 263 | | 284 | | Environmental and asset retirement obligations | 441 | | 413 | | Income and indirect tax liabilities including uncertain tax positions | 232 | | 156 | | Derivative instruments | 113 | | 160 | | Finance lease obligations | 54 | | 42 | | Sales allowances and related liabilities | 26 | | 23 | | Other(1) | 149 | | 178 | | All other non-current liabilities | $ | 2,133 | | $ | 2,061 | |
(1) Other primarily consists of miscellaneous accrued costs, indemnity liabilities associated with separation agreements with GE, and contingent consideration liabilities.
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| Schedule of Capitalized Cloud Computing Arrangement Implementation Costs |
CAPITALIZED CLOUD COMPUTING ARRANGEMENT IMPLEMENTATION COSTS. | | | | | | | | | | As of | | June 30, 2026 | December 31, 2025 | Capitalized implementation costs | $ | 340 | | $ | 249 | | Accumulated amortization | (68) | | (49) | | Total Capitalized cloud computing arrangement implementation costs, net | $ | 272 | | $ | 200 | |
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| Schedule of Redeemable Noncontrolling Interest |
Activity attributable to redeemable noncontrolling interests is presented below. | | | | | | | | | | | For the six months ended June 30 | | 2026 | 2025 | | Balance at beginning of period | $ | 209 | | $ | 188 | | | Net income attributable to redeemable noncontrolling interests | 32 | | 37 | | | | | | | Distributions to redeemable noncontrolling interests and other | (12) | | (5) | | | Balance at end of period | $ | 229 | | $ | 220 | | |
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| Schedule of Other Income (Expense), Net |
OTHER INCOME (EXPENSE) – NET. | | | | | | | | | | | | | | | | | | |
| For the three months ended June 30 | | For the six months ended June 30 | | 2026 | 2025 | | 2026 | 2025 | | Net financing income and investment income (loss) | $ | 7 | | $ | 6 | | | $ | 6 | | $ | 5 | | | Equity method income (loss) | — | | 1 | | | (2) | | 4 | | | Change in fair value of assumed obligations | (3) | | (10) | | | (9) | | (18) | | | Gain on remeasurement of NMP equity method investment(1) | — | | — | | | — | | 97 | | | Other items, net(2) | 18 | | 2 | | | 64 | | 11 | | | Total other income (expense) – net | $ | 22 | | $ | (1) | | | $ | 58 | | $ | 98 | | |
(1) Refer to Note 7, “Acquisitions, Goodwill, and Other Intangible Assets” for additional information on the NMP acquisition. (2) Other items, net primarily consists of a mix of licensing and royalty income, lease income, gains and losses related to derivatives, and change in tax indemnities. Additionally, for the six months ended June 30, 2026, it includes income from contract settlements, and for the six months ended June 30, 2025, it includes a realization of a gain contingency.
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