XML 43 R34.htm IDEA: XBRL DOCUMENT
v3.23.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Leases [Abstract] |
Summary of the Components of Net Lease Cost | The following table is a summary of the components of net lease cost for the years ended December 31, 2022, 2021 and 2020:
In millions | 2022 |  | 2021 |  | 2020 |  |
Operating lease cost | $ | 2,579 |  |  | $ | 2,633 |  |  | $ | 2,670 |  |  |
Finance lease cost: |  |  |  |  |  |  |
Amortization of right-of-use assets | 79 |  |  | 62 |  |  | 56 |  |  |
Interest on lease liabilities | 68 |  |  | 62 |  |  | 58 |  |  |
Total finance lease costs | 147 |  |  | 124 |  |  | 114 |  |  |
Short-term lease costs | 27 |  |  | 25 |  |  | 22 |  |  |
Variable lease costs | 610 |  |  | 604 |  |  | 599 |  |  |
Less: sublease income | (61) |  |  | (59) |  |  | (55) |  |  |
Net lease cost | $ | 3,302 |  |  | $ | 3,327 |  |  | $ | 3,350 |  |  |
Supplemental cash flow information related to leases for the years ended December 31, 2022, 2021 and 2020 were as follows:
In millions | 2022 |  | 2021 |  | 2020 |  |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
Operating cash flows paid for operating leases | $ | 2,689 |  |  | $ | 2,714 |  |  | $ | 2,724 |  |  |
Operating cash flows paid for interest portion of finance leases | 68 |  |  | 62 |  |  | 58 |  |  |
Financing cash flows paid for principal portion of finance leases | 62 |  |  | 50 |  |  | 34 |  |  |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |
Operating leases | 591 |  |  | 1,254 |  |  | 1,679 |  |  |
Finance leases | 232 |  |  | 278 |  |  | 313 |  |  |
Supplemental Balance Sheet Information | Supplemental balance sheet information related to leases as of December 31, 2022 and 2021 is as follows:
In millions, except remaining lease term and discount rate | 2022 |  | 2021
Operating leases: |  |  |
Operating lease right-of-use assets (1) | $ | 17,928 |  | $ | 19,122
Current portion of operating lease liabilities | $ | 1,699 |  | $ | 1,646
Long-term operating lease liabilities | 16,839 |  | 18,177
Total operating lease liabilities (2) | $ | 18,538 |  | $ | 19,823
Finance leases: |  |  |
Property and equipment, gross | $ | 1,608 |  | $ | 1,375
Accumulated depreciation | (284) |  | (188)
Property and equipment, net | $ | 1,324 |  | $ | 1,187
Current portion of long-term debt | $ | 59 |  | $ | 50
Long-term debt | 1,406 |  | 1,250
Total finance lease liabilities | $ | 1,465 |  | $ | 1,300
Weighted average remaining lease term (in years) |  |  |
Operating leases | 12.2 |  | 12.8
Finance leases | 19.4 |  | 20.0
Weighted average discount rate |  |  |
Operating leases | 4.4 | % |  | 4.4 | %
Finance leases | 4.9 | % |  | 5.0 | %
_____________________________________________ (1)Includes operating lease right-of-use assets of $56 million which have been accounted for as assets held for sale and are included in assets held for sale on the consolidated balance sheet at December 31, 2022. See Note 2 ‘‘Acquisitions, Divestitures and Asset Sales’’ for additional information. (2)Includes current portion of operating lease liabilities of $21 million and long-term operating lease liabilities of $39 million which have been accounted for as liabilities held for sale and are included in liabilities held for sale on the consolidated balance sheet at December 31, 2022. See Note 2 ‘‘Acquisitions, Divestitures and Asset Sales’’ for additional information.
Maturities of Operating Lease Liabilities | The following table summarizes the maturity of lease liabilities under finance and operating leases as of December 31, 2022:
In millions | Finance Leases |  | Operating Leases (1) |  | Total
2023 | $ | 139 |  |  | $ | 2,685 |  |  | $ | 2,824 |
2024 | 130 |  |  | 2,499 |  |  | 2,629 |
2025 | 128 |  |  | 2,313 |  |  | 2,441 |
2026 | 127 |  |  | 2,142 |  |  | 2,269 |
2027 | 124 |  |  | 1,989 |  |  | 2,113 |
Thereafter | 1,640 |  |  | 12,411 |  |  | 14,051 |
Total lease payments (2) | 2,288 |  |  | 24,039 |  |  | 26,327 |
Less: imputed interest | (823) |  |  | (5,501) |  |  | (6,324) |
Total lease liabilities | $ | 1,465 |  |  | $ | 18,538 |  |  | $ | 20,003 |
_____________________________________________ (1)Future operating lease payments have not been reduced by minimum sublease rentals of $290 million due in the future under noncancelable subleases. (2)The Company leases pharmacy and clinic space from Target Corporation. Amounts related to such finance and operating leases are reflected above. Pharmacy lease amounts due in excess of the remaining estimated economic life of the buildings of approximately $2.5 billion are not reflected in this table since the estimated economic life of the buildings is shorter than the contractual term of the pharmacy lease arrangement.
Maturities of Finance Lease Liabilities | The following table summarizes the maturity of lease liabilities under finance and operating leases as of December 31, 2022:
In millions | Finance Leases |  | Operating Leases (1) |  | Total
2023 | $ | 139 |  |  | $ | 2,685 |  |  | $ | 2,824 |
2024 | 130 |  |  | 2,499 |  |  | 2,629 |
2025 | 128 |  |  | 2,313 |  |  | 2,441 |
2026 | 127 |  |  | 2,142 |  |  | 2,269 |
2027 | 124 |  |  | 1,989 |  |  | 2,113 |
Thereafter | 1,640 |  |  | 12,411 |  |  | 14,051 |
Total lease payments (2) | 2,288 |  |  | 24,039 |  |  | 26,327 |
Less: imputed interest | (823) |  |  | (5,501) |  |  | (6,324) |
Total lease liabilities | $ | 1,465 |  |  | $ | 18,538 |  |  | $ | 20,003 |
_____________________________________________ (1)Future operating lease payments have not been reduced by minimum sublease rentals of $290 million due in the future under noncancelable subleases. (2)The Company leases pharmacy and clinic space from Target Corporation. Amounts related to such finance and operating leases are reflected above. Pharmacy lease amounts due in excess of the remaining estimated economic life of the buildings of approximately $2.5 billion are not reflected in this table since the estimated economic life of the buildings is shorter than the contractual term of the pharmacy lease arrangement.

X
- Definition Lessee, Lease [Table Text Block] + References No definition available. + Details
Name: | cvs_LesseeLeaseTableTextBlock
Namespace Prefix: | cvs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration