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Business Combinations (Notes)
 6 Months Ended
Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Business Combination Disclosure Business Combinations
During the six months ended June 30, 2023, the Company completed several business combinations for total consideration of $8.2 billion.
Acquired assets (liabilities) at acquisition date were:
(in millions)
Cash and cash equivalents$104 
Accounts receivable and other current assets550 
Property, equipment and other long-term assets542 
Other intangible assets1,795 
Total identifiable assets acquired2,991 
Medical costs payable(1)
Accounts payable and other current liabilities(473)
Other long-term liabilities(617)
Total identifiable liabilities acquired(1,091)
Total net identifiable assets1,900 
Goodwill7,734 
Redeemable noncontrolling interests(113)
Nonredeemable noncontrolling interests(1,297)
Net assets acquired$8,224 
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$223 12 years
Trademarks and technology171 5 years
Other38 6 years
Total acquired finite-lived intangible assets432 9 years
Total acquired indefinite-lived intangible assets - operating licenses and certificates1,363 
Total acquired intangible assets$1,795 
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 June 30, 2023, acquired entities impact on revenues and net earnings was not material.
Unaudited pro forma revenues and net earnings for the six months ended June 30, 2023 and 2022, as if the business combinations had occurred on January 1, 2022, were immaterial for both periods.