XML 23 R14.htm IDEA: XBRL DOCUMENT v3.23.1
Business Combinations (Notes)
 3 Months Ended
Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]  
Business Combination Disclosure Business Combinations
During the three months ended March 31, 2023, the Company completed several business combinations for total consideration of $8.0 billion.
Acquired assets (liabilities) at acquisition date were:
(in millions)
Cash and cash equivalents$142 
Accounts receivable and other current assets530 
Property, equipment and other long-term assets659 
Other intangible assets2,141 
Total identifiable assets acquired3,472 
Medical costs payable(1)
Accounts payable and other current liabilities(467)
Other long-term liabilities(698)
Total identifiable liabilities acquired(1,166)
Total net identifiable assets2,306 
Goodwill6,646 
Redeemable noncontrolling interests(130)
Nonredeemable noncontrolling interests(819)
Net assets acquired$8,003 
The majority of goodwill is not deductible for income tax purposes. The preliminary purchase price allocations for the various business combinations are subject to adjustment as valuation analyses, primarily related to intangible assets and contingent liabilities, are finalized.
The acquisition date fair values and weighted-average useful lives assigned to intangible assets were:
(in millions, except years)Fair ValueWeighted-Average Useful Life
Acquired finite-lived intangible assets:
Customer-related$234 13 years
Trademarks and technology2205 years
Other1011 years
Total acquired finite-lived intangible assets464 9 years
Total acquired indefinite-lived intangible assets - operating licenses and certificates1,677 
Total acquired intangible assets$2,141 
The results of operations and financial condition of acquired entities have been included in the Company’s consolidated results and the results of the corresponding operating segment as of the date of acquisition. Through March 31, 2023, acquired entities impact on revenues and net earnings was not material.
Unaudited pro forma revenues and net earnings for the three months ended March 31, 2023 and 2022, as if the business combinations had occurred on January 1, 2022, were immaterial for both periods.