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Equity
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Equity EQUITY
COMMON STOCK
We are authorized to issue 2 billion shares of Class A common stock, 1.25 billion shares of Class B common stock and 50 million shares of preferred stock each of which have a par value of $0.0001 per share. The number of shares outstanding of Class A and Class B common stock as of September 30, 2022 is 1,002 million and 7 million, respectively. We have not issued any preferred stock. GE owns all the issued and outstanding Class B common stock. Each share of Class A and Class B common stock and the associated membership interest in BHH LLC form a paired interest. While each share of Class B common stock has equal voting rights to a share of Class A common stock, it has no economic rights, meaning holders of Class B common stock have no right to dividends or any assets in the event of liquidation of the Company. GE is entitled through their ownership of BHH LLC common units ("LLC Units") to receive distributions on an equal amount of any dividend paid by the Company.
In 2021, our Board of Directors authorized each of the Company and BHH LLC to repurchase up to $2 billion of its Class A common stock and LLC Units, respectively. We expect to fund the repurchase program from cash generated from operations, and we expect to make share repurchases from time to time subject to the Company's capital plan, market conditions, and other factors, including regulatory restrictions. The repurchase program may be suspended or discontinued at any time and does not have a specified expiration date. During the three and nine months ended September 30, 2022, the Company and BHH LLC repurchased and canceled 10.7 million and 25.5 million shares of Class A common stock and LLC Units, each for $265 million and $727 million, representing an average price per share of $24.79 and $28.47, respectively. For the three months ended September 30, 2022, this includes 0.2 million shares totaling $7 million that were repurchased in June 2022 but not settled and canceled until July 2022. During the three months ended September 30, 2021, the Company and BHH LLC repurchased and canceled 4.4 million shares of Class A common stock and LLC Units, each for $106 million, representing an average price per share of $23.98. As of September 30, 2022, the Company and BHH LLC had authorization remaining to repurchase up to approximately $0.8 billion of its Class A common stock and LLC Units, respectively.
The following table presents the changes in the number of shares outstanding (in thousands):
Class A
Common Stock		Class B
Common Stock
2022202120222021
Balance at January 1909,142 723,999 116,548 311,433 
Issue of shares upon vesting of restricted stock units (1)
6,191 4,903 — — 
Issue of shares on exercises of stock options (1)
1,445 369 — — 
Issue of shares for employee stock purchase plan1,433 1,933 — — 
Exchange of Class B common stock for Class A common stock (2)
109,548 132,706 (109,548)(132,706)
Repurchase and cancellation of Class A common stock(25,532)(4,430)— — 
Balance at September 301,002,227 859,480 7,000 178,726 
(1)Share amounts reflected above are net of shares withheld to satisfy the employee's tax withholding obligation.
(2)When shares of Class B common stock, together with associated LLC Units, are exchanged for shares of Class A common stock pursuant to the Exchange Agreement, such shares of Class B common stock are canceled.
ACCUMULATED OTHER COMPREHENSIVE LOSS (AOCL)
The following tables present the changes in accumulated other comprehensive loss, net of tax:
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2021$(2,125)$(10)$(250)$(2,385)
Other comprehensive income before reclassifications(509)(2)(1)(512)
Amounts reclassified from accumulated other comprehensive loss35 3 19 57 
Deferred taxes— — (13)(13)
Other comprehensive income (loss)(474)1 5 (468)
Less: Other comprehensive loss attributable to noncontrolling interests(4)— — (4)
Less: Reallocation of AOCL based on change in ownership of LLC Units255 1 30 286 
Balance at September 30, 2022$(2,850)$(11)$(275)$(3,136)
Foreign Currency Translation AdjustmentsCash Flow HedgesBenefit PlansAccumulated Other Comprehensive Loss
Balance at December 31, 2020$(1,464)$3 $(317)$(1,778)
Other comprehensive income (loss) before reclassifications(82)(6)47 (41)
Amounts reclassified from accumulated other comprehensive loss31 (7)32 56 
Deferred taxes— — (1)(1)
Other comprehensive income (loss)(51)(13)78 14 
Less: Other comprehensive income (loss) attributable to noncontrolling interests(9)(2)15 4 
Less: Reallocation of AOCL based on change in ownership of LLC Units269 (1)56 324 
Balance at September 30, 2021$(1,775)$(7)$(310)$(2,092)
The amounts reclassified from accumulated other comprehensive loss during the nine months ended September 30, 2022 and 2021 represent (i) gains (losses) reclassified on cash flow hedges when the hedged transaction occurs, (ii) the amortization of net actuarial gain (loss), prior service credit, settlements, and curtailments which are included in the computation of net periodic pension cost, and (iii) the release of foreign currency translation adjustments (see "Note 17. Restructuring, Impairment, and Other" for additional details).