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Schedule I (Notes)
 12 Months Ended
Dec. 31, 2023
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,
2023		December 31,
2022
Assets  
Current assets:  
Cash and cash equivalents$776 $266 
Other current assets570 753 
Total current assets1,346 1,019 
Equity in net assets of subsidiaries153,692 136,562 
Long-term notes receivable from subsidiaries5,693 6,201 
Other assets831 504 
Total assets$161,562 $144,286 
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable and accrued liabilities
$1,116 $835 
Current portion of notes payable to subsidiaries
9,887 8,699 
Short-term borrowings and current maturities of long-term debt4,086 2,918 
Total current liabilities15,089 12,452 
Long-term debt, less current maturities57,387 53,838 
Other liabilities330 224 
Total liabilities72,806 66,514 
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; 924 and 934 issued and outstanding
9 9 
Retained earnings95,774 86,156 
Accumulated other comprehensive loss(7,027)(8,393)
Total UnitedHealth Group shareholders’ equity88,756 77,772 
Total liabilities and shareholders’ equity$161,562 $144,286 
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)202320222021
Revenues: 
Investment and other income$312 $255 $494 
Total revenues312 255 494 
Operating costs:
Operating costs
35 121 40 
Interest expense
3,469 2,110 1,583 
Total operating costs3,504 2,231 1,623 
Loss before income taxes(3,192)(1,976)(1,129)
Benefit for income taxes654 429 231 
Loss of parent company(2,538)(1,547)(898)
Equity in undistributed income of subsidiaries24,919 21,667 18,183 
Net earnings22,381 20,120 17,285 
Other comprehensive income (loss) 1,366 (3,009)(1,570)
Comprehensive income$23,747 $17,111 $15,715 
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)202320222021
Operating activities 
Cash flows from operating activities$17,443 $14,754 $11,439 
Investing activities
Issuances of notes to subsidiaries(41)(567)(444)
Repayments of notes to subsidiaries817 281 37 
Cash paid for acquisitions(8,144)(20,728)(4,953)
Return of capital to parent company639 1,424 245 
Capital contributions to subsidiaries(2,472)(570)(747)
Cash received from dispositions624 2,787 — 
Other, net286 — — 
Cash flows used for investing activities(8,291)(17,373)(5,862)
Financing activities
Common stock repurchases(8,000)(7,000)(5,000)
Proceeds from common stock issuances1,353 1,253 1,355 
Cash dividends paid(6,761)(5,991)(5,280)
Proceed from (repayments of) short-term borrowings, net11 732 (1,302)
Proceeds from issuance of long-term debt6,394 14,819 6,933 
Repayments of long-term debt(2,125)(3,015)(3,150)
Proceeds from notes from subsidiaries1,188 594 3,223 
Other, net(702)(674)(447)
Cash flows from (used for) financing activities(8,642)718 (3,668)
Increase (decrease) in cash and cash equivalents510 (1,901)1,909 
Cash and cash equivalents, beginning of period266 2,167 258 
Cash and cash equivalents, end of period$776 $266 $2,167 
Supplemental cash flow disclosures
Cash paid for interest$3,257 $1,969 $1,575 
Cash paid for income taxes4,426 4,298 3,050 
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 $18.5 billion, $15.6 billion and $10.8 billion in 2023, 2022 and 2021, respectively. Additionally, $0.6 billion, $1.4 billion and $0.2 billion in cash were received as a return of capital to the parent company during 2023, 2022 and 2021, 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 $1.1 billion and $0.9 billion at December 31, 2023 and 2022.
Maturities of short-term borrowings and long-term debt for the years ending December 31 are as follows:
(in millions)
2024$4,088 
20253,050 
20262,500 
20272,925 
20283,000 
Thereafter47,002 
UnitedHealth Group’s parent company had notes payable to subsidiaries of $9.9 billion and $8.7 billion as of December 31, 2023 and 2022, 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, 2023, 2022 or 2021.