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Segment Reporting (Tables) | 12 Months Ended
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Dec. 31, 2017
Segment Reporting |
Reconciliation of the Company's business segments to the consolidated financial statements | The following table is a reconciliation of the Company’s business segments to the consolidated financial statements:
|  | Pharmacy Services |  | Retail/LTC |  | Corporate |  | Intersegment |  | Consolidated
In millions |  | Segment(1)(2) |  | Segment(2) |  | Segment |  | Eliminations(2) |  | Totals
2017: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  | $ | 130,596 |  | $ | 79,398 |  | $ | — |  | $ | (25,229) |  | $ | 184,765
Gross profit (3) |  |  | 6,040 |  |  | 23,317 |  |  | — |  |  | (812) |  |  | 28,545
Operating profit (loss) (4)(5) |  |  | 4,755 |  |  | 6,469 |  |  | (966) |  |  | (741) |  |  | 9,517
Depreciation and amortization |  |  | 712 |  |  | 1,651 |  |  | 117 |  |  | — |  |  | 2,480
Additions to property and equipment |  |  | 311 |  |  | 1,398 |  |  | 340 |  |  | — |  |  | 2,049
2016: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  |  | 119,963 |  |  | 81,100 |  |  | — |  |  | (23,537) |  | $ | 177,526
Gross profit (3) |  |  | 5,901 |  |  | 23,738 |  |  | — |  |  | (782) |  |  | 28,857
Operating profit (loss) (4)(5)(6)(7) |  |  | 4,676 |  |  | 7,302 |  |  | (891) |  |  | (721) |  |  | 10,366
Depreciation and amortization |  |  | 714 |  |  | 1,642 |  |  | 119 |  |  | — |  |  | 2,475
Additions to property and equipment |  |  | 295 |  |  | 1,732 |  |  | 252 |  |  | — |  |  | 2,279
2015: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenues |  |  | 100,363 |  |  | 72,007 |  |  | — |  |  | (19,080) |  | $ | 153,290
Gross profit |  |  | 5,227 |  |  | 21,992 |  |  | — |  |  | (691) |  |  | 26,528
Operating profit (loss) (4)(5)(7) |  |  | 3,992 |  |  | 7,146 |  |  | (1,035) |  |  | (628) |  |  | 9,475
Depreciation and amortization |  |  | 654 |  |  | 1,336 |  |  | 102 |  |  | — |  |  | 2,092
Additions to property and equipment |  |  | 359 |  |  | 1,883 |  |  | 125 |  |  | — |  |  | 2,367
| (1) |  | Net revenues of the Pharmacy Services Segment include approximately $10.8 billion, $10.5 billion and $8.9 billion of Retail Co-Payments for 2017, 2016 and 2015, respectively. See Note 1 “Significant Accounting Policies” to the consolidated financial statements for additional information about Retail Co-Payments.
| (2) |  | Intersegment eliminations relate to intersegment revenue generating activities that occur between the Pharmacy Services Segment and the Retail/LTC Segment. These occur in the following ways: when members of Pharmacy Services Segment clients (“members”) fill prescriptions at the Company’s retail pharmacies to purchase covered products, when members enrolled in programs such as Maintenance Choice® elect to pick up maintenance prescriptions at one of the Company’s retail pharmacies instead of receiving them through the mail, or when members have prescriptions filled at the Company’s long-term care pharmacies. When these occur, both the Pharmacy Services and Retail/LTC segments record the revenues, gross profit and operating profit on a standalone basis.
| (3) |  | The Retail/LTC Segment gross profit for the years ended December 31, 2017 and 2016 includes $2 million and $46 million, respectively of acquisition-related integration costs. The integration costs in 2017 are related to the acquisition of Omnicare and the integration costs in 2016 are related to the acquisitions of Omnicare and the pharmacies and clinics of Target.
| (4) |  | The Retail/LTC Segment operating profit for the year ended December 31, 2017 includes $215 million of charges associated with store closures and $181 million of goodwill impairment charges related to its RxCrossroads reporting unit. The Retail/LTC Segment operating profit for the year ended December 31, 2016 includes a $34 million asset impairment charge in connection with planned store closures in 2017 related to the Company’s enterprise streamlining initiative. The Retail/LTC Segment operating profit for the years ended December 31, 2017, 2016 and 2015, include $34 million, $281 million and $64 million, respectively, of acquisition-related integration costs. The integration costs in 2017 are related to the acquisition of Omnicare and the integration costs in 2016 are related to the acquisitions of Omnicare and the pharmacies and clinics of Target.
| (5) |  | The Corporate Segment operating loss for the year ended December 31, 2017 includes a $3 million reduction in integration costs for a change in estimate related to the acquisition of Omnicare. In addition, the Corporate Segment operating loss for the year ended December 31, 2017 includes $34 million in acquisition-related transaction costs related to the proposed Aetna acquisition and $9 million of transaction costs related to the divestiture of RxCrossroads. For the year ended December 31, 2016, the Corporate Segment operating loss includes $10 million of integration costs related to the acquisitions of Omnicare and the pharmacies and clinics of Target. For the year ended December 31, 2015, the Corporate Segment operating loss includes $156 million of acquisition-related transaction and integration costs related to the acquisitions of Omnicare and the pharmacies and clinics of Target. The Corporate Segment operating loss for 2015 also includes a $90 million charge related to a legacy lawsuit challenging the 1999 legal settlement by MedPartners of various securities class actions and a related derivative claim.
| (6) |  | The Pharmacy Services Segment operating profit for the year ended December 31, 2016 includes the reversal of an accrual of $88 million in connection with a legal settlement.
Amounts revised to reflect the adoption of ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, which increased consolidated operating profit by $28 and $21 million for the years ended December 31, 2016 and 2015, respectively

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8736-108599 + Details
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