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SEGMENT AND GEOGRAPHICAL INFORMATION
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION SEGMENT AND GEOGRAPHICAL INFORMATION
GE HealthCare’s operations are organized and managed through four reportable segments: Imaging, Ultrasound, Patient Care Solutions (“PCS”), and Pharmaceutical Diagnostics (“PDx”). The Company’s organizational structure is based upon the availability of separate financial information that is evaluated regularly by the Company’s Chief Operating Decision Maker (“CODM”) for the purpose of assessing performance and allocating resources. The Company’s CODM is its Chief Executive Officer. These segments have been identified based on the nature of the products sold and how the Company manages its operations. We have not aggregated any of our operating segments to form reportable segments. A description of our reportable segments has been provided in the “Business” section of this Annual Report on Form 10-K.

The performance of these segments is principally measured based on Total revenues and an earnings metric defined as “Segment EBIT.” Segment EBIT is calculated as Income from continuing operations before income taxes in our Consolidated and Combined Statements of Income excluding the impact of the following: Interest and other financial charges – net, Non-operating benefit (income) costs, restructuring costs, acquisition and disposition-related benefits (charges), gain (loss) on business and asset dispositions, Spin-Off and separation costs, amortization of acquisition-related intangible assets, and investment revaluation gain (loss).
Total Revenues by Segment
For the years ended December 31
202320222021
Imaging:
Radiology$8,944 $8,395 $8,019 
Interventional Guidance 1,637 1,590 1,414 
Total Imaging10,581 9,985 9,433 
Total Ultrasound3,457 3,422 3,172 
PCS:
     Monitoring Solutions
2,283 2,092 2,119 
     Life Support Solutions859 824 796 
Total PCS3,142 2,916 2,915 
Total PDx2,306 1,958 2,018 
Other(1)
66 60 47 
Total revenues$19,552 $18,341 $17,585 
(1) Financial information not presented within the reportable segments, shown within the Other category, represents the HealthCare Financial Services (“HFS”) business which does not meet the definition of an operating segment.

No single customer accounted for more than 10% of the Company’s revenues for the years ended December 31, 2023, 2022, or 2021. Additionally, no single customer accounted for more than 10% of accounts receivable as of December 31, 2023 or 2022.
Segment EBIT
For the years ended December 31
202320222021
Segment EBIT
Imaging$1,124 $1,100 $1,240 
Ultrasound821 908 885 
PCS 383 341 356 
PDx 617 520 693 
Other(1)
11 (8)(2)
2,956 2,861 3,172 
Restructuring costs(54)(146)(155)
Acquisition and disposition-related benefits (charges)
15 34 (14)
Gain (loss) on business and asset dispositions
— 
Spin-Off and separation costs(270)(14)— 
Amortization of acquisition-related intangible assets(127)(121)(90)
Investment revaluation gain (loss)(31)
Interest and other financial charges – net(542)(77)(40)
Non-operating benefit income (costs)382 (3)
Income from continuing operations before income taxes
$2,361 $2,512 $2,875 
(1) Financial information not presented within the reportable segments, shown within the Other category, represents the HFS business and certain other business activities which do not meet the definition of an operating segment.

The Company does not report total assets by segment for internal or external reporting purposes as the Company’s CODM does not assess performance, make strategic decisions, or allocate resources based on assets.

GEOGRAPHIC INFORMATION.

Revenues are classified according to the country in which products and services are sold.
Total Revenues by Country
For the years ended December 31
202320222021
United States$8,228 $7,819 $7,060 
China2,560 2,325 2,510 
All other countries8,764 8,197 8,015 
Total revenues$19,552 $18,341 $17,585 

Long-lived assets represent Property, plant, and equipment – net, and are classified according to the country where the asset is located.

Long-Lived Assets – Net by Country
As of
December 31, 2023December 31, 2022
United States$913 $860 
China391 393 
Norway286 249 
All other countries
910 812 
Total long-lived assets – net
$2,500 $2,314