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Schedule I (Notes)
 12 Months Ended
Dec. 31, 2022
Condensed Statement of Income Captions [Line Items]  
Condensed Financial Information of Parent Company Only Disclosure [Text Block]
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Balance Sheets
 
(in millions, except per share data)December 31,
2022		December 31,
2021
Assets  
Current assets:  
Cash and cash equivalents$266 $2,167 
Other current assets753 503 
Total current assets1,019 2,670 
Equity in net assets of subsidiaries136,562 116,907 
Long-term notes receivable from subsidiaries6,201 5,680 
Other assets504 32 
Total assets$144,286 $125,289 
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued liabilities
$835 $605 
Current portion of notes payable to subsidiaries
8,699 8,105 
Short-term borrowings and current maturities of long-term debt2,918 3,009 
Total current liabilities12,452 11,719 
Long-term debt, less current maturities53,838 41,623 
Other liabilities224 187 
Total liabilities66,514 53,529 
Commitments and contingencies (Note 4)
Shareholders’ equity:
Preferred stock, $0.001 par value -10 shares authorized; no shares issued or outstanding
— — 
Common stock, $0.01 par value - 3,000 shares authorized; 934 and 941 issued and outstanding
9 10 
Retained earnings86,156 77,134 
Accumulated other comprehensive loss(8,393)(5,384)
Total UnitedHealth Group shareholders’ equity77,772 71,760 
Total liabilities and shareholders’ equity$144,286 $125,289 
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Statements of Comprehensive Income
 
 For the Years Ended December 31,
(in millions)202220212020
Revenues: 
Investment and other income$255 $494 $194 
Total revenues255 494 194 
Operating costs:
Operating costs
121 40 27 
Interest expense
2,110 1,583 1,594 
Total operating costs2,231 1,623 1,621 
Loss before income taxes(1,976)(1,129)(1,427)
Benefit for income taxes429 231 300 
Loss of parent company(1,547)(898)(1,127)
Equity in undistributed income of subsidiaries21,667 18,183 16,530 
Net earnings20,120 17,285 15,403 
Other comprehensive loss (3,009)(1,570)(236)
Comprehensive income$17,111 $15,715 $15,167 
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Condensed Statements of Cash Flows
 
 For the Years Ended December 31,
(in millions)202220212020
Operating activities 
Cash flows from operating activities$14,754 $11,439 $8,842 
Investing activities
Issuances of notes to subsidiaries(567)(444)(628)
Repayments of notes to subsidiaries281 37 1,089 
Cash paid for acquisitions(20,728)(4,953)(7,706)
Return of capital to parent company1,424 245 943 
Capital contributions to subsidiaries(570)(747)(43)
Cash received from dispositions2,787 — 143 
Cash flows used for investing activities(17,373)(5,862)(6,202)
Financing activities
Common stock repurchases(7,000)(5,000)(4,250)
Proceeds from common stock issuances1,253 1,355 1,440 
Cash dividends paid(5,991)(5,280)(4,584)
Proceed from (repayments of) short-term borrowings, net732 (1,302)872 
Proceeds from issuance of long-term debt14,819 6,933 4,864 
Repayments of long-term debt(3,015)(3,150)(3,150)
Proceeds from notes from subsidiaries594 3,223 2,818 
Other, net(674)(447)(438)
Cash flows from (used for) financing activities718 (3,668)(2,428)
(Decrease) increase in cash and cash equivalents(1,901)1,909 212 
Cash and cash equivalents, beginning of period2,167 258 46 
Cash and cash equivalents, end of period$266 $2,167 $258 
Supplemental cash flow disclosures
Cash paid for interest$1,969 $1,575 $1,633 
Cash paid for income taxes4,298 3,050 4,185 
See Notes to the Condensed Financial Statements of Registrant
Schedule I
Condensed Financial Information of Registrant
(Parent Company Only)
UnitedHealth Group
Notes to Condensed Financial Statements
1.    Basis of Presentation
UnitedHealth Group’s parent company financial information has been derived from its consolidated financial statements and should be read in conjunction with the consolidated financial statements included in this Form 10-K. The accounting policies for the registrant are the same as those described in Note 2 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.”
2.    Subsidiary Transactions
Investment in Subsidiaries. UnitedHealth Group’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries.
Dividends and Capital Distributions. Cash dividends received from subsidiaries and included in Cash Flows from Operating Activities in the Condensed Statements of Cash Flows were $15.6 billion, $10.8 billion and $10.0 billion in 2022, 2021 and 2020, respectively. Additionally, $1.4 billion, $0.2 billion and $0.9 billion in cash were received as a return of capital to the parent company during 2022, 2021 and 2020, respectively.
Short-Term Borrowings and Long-Term Debt
Discussion of short-term borrowings and long-term debt can be found in Note 8 of the Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements and Supplementary Data.” Long-term debt obligations of the parent company do not include other financing obligations at subsidiaries which totaled $0.9 billion and $1.4 billion at December 31, 2022 and 2021.
Maturities of short-term borrowings and long-term debt for the years ending December 31 are as follows:
(in millions)
2023$2,925 
20243,000 
20253,050 
20262,500 
20272,925 
Thereafter43,502 
UnitedHealth Group’s parent company had notes payable to subsidiaries of $8.7 billion and $8.1 billion as of December 31, 2022 and 2021, respectively, which included on-demand features.
4. Commitments and Contingencies
Certain regulated subsidiaries are guaranteed by UnitedHealth Group’s parent company in the event of insolvency. UnitedHealth Group’s parent company also provides guarantees related to its service level under certain contracts. None of the amounts accrued, paid or charged to income for service level guarantees were material as of December 31, 2022, 2021 or 2020.