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Segments of Business (Tables) | 9 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Schedule of financial information relating to reportable operating segments and reconciliations to the condensed consolidated totals | Financial information relating to our reportable operating segments and reconciliations to the condensed consolidated totals is as follows:
| Quarter Ended December 31, |  | Nine Months Ended December 31,
(In millions) | 2018 |  | 2017 |  | 2018 |  | 2017
Revenues |  |  |  |  |  |  |
U.S. Pharmaceutical and Specialty Solutions (1) | $ | 44,279 |  |  | $ | 41,969 |  |  | $ | 126,866 |  |  | $ | 122,854 |
European Pharmaceutical Solutions (1) | 6,911 |  |  | 6,989 |  |  | 20,485 |  |  | 20,144 |
Medical-Surgical Solutions (1) | 2,012 |  |  | 1,693 |  |  | 5,663 |  |  | 4,886 |
Other | 3,006 |  |  | 2,966 |  |  | 8,876 |  |  | 8,845 |
Total Revenues | $ | 56,208 |  |  | $ | 53,617 |  |  | $ | 161,890 |  |  | $ | 156,729 |
Operating profit (8) |  |  |  |  |  |  |
U.S. Pharmaceutical and Specialty Solutions (2) | $ | 671 |  |  | $ | 565 |  |  | $ | 1,824 |  |  | $ | 1,750 |
European Pharmaceutical Solutions (3) | 26 |  |  | 16 |  |  | (524 | ) |  | (496 | )
Medical-Surgical Solutions | 136 |  |  | 123 |  |  | 334 |  |  | 349 |
Other (4) (5) (6) | 74 |  |  | 180 |  |  | 283 |  |  | 271 |
Total | 907 |  |  | 884 |  |  | 1,917 |  |  | 1,874 |
Corporate Expenses, Net (7) | (190 | ) |  | (120 | ) |  | (480 | ) |  | (337 | )
Interest Expense | (67 | ) |  | (67 | ) |  | (194 | ) |  | (204 | )
Income from Continuing Operations Before Income Taxes | $ | 650 |  |  | $ | 697 |  |  | $ | 1,243 |  |  | $ | 1,333 |
Revenues, net by geographic area |  |  |  |  |  |  |
United States | $ | 46,523 |  |  | $ | 43,849 |  |  | $ | 133,186 |  |  | $ | 128,517 |
Foreign | 9,685 |  |  | 9,768 |  |  | 28,704 |  |  | 28,212 |
Total Revenues | $ | 56,208 |  |  | $ | 53,617 |  |  | $ | 161,890 |  |  | $ | 156,729 |
(1) | Revenues derived from services represent less than 1% of our U.S. Pharmaceutical and Specialty Solutions segment’s total revenues, less than 10% of our European Pharmaceutical Solutions segment’s total revenues and less than 1% of our Medical-Surgical Solutions segment’s total revenues.
(2) | Our U.S. Pharmaceutical and Specialty Solutions segment’s operating profit for the third quarter and first nine months of 2019 includes $21 million and $64 million, and for the third quarter and first nine months of 2018 includes $2 million and $5 million pre-tax credits related to our last-in, first-out (“LIFO”) method of accounting for inventories. The higher LIFO inventory credits for the third quarter and first nine months of 2019 were primarily due to lower full year expectations for the net price increases compared to the same periods a year ago. Operating profit for the third quarter and first nine months of 2019 also includes $104 million and $139 million of cash receipts for our share of antitrust legal settlements and a $60 million pre-tax charge related to a customer bankruptcy. In addition, operating profit for the first nine months of 2018 includes a pre-tax gain of $43 million ($26 million after-tax) recognized from the 2018 second quarter sale of an equity investment.
(3) | European Pharmaceutical Solutions segment’s operating profit for the first nine months of 2019 includes non-cash goodwill impairment charges (pre-tax and after-tax) of $570 million. European Pharmaceutical Solutions segment’s operating profit for the first nine months of 2018 includes pre-tax charges of $242 million ($202 million after-tax) primarily related to the impairment of certain long-lived assets and employee severance for our U.K. retail businesses as well as the previously discussed non-cash goodwill impairment charge (pre-tax and after-tax) of $350 million.
(4) | Operating profit for Other for the third quarter and first nine months of 2019 includes goodwill and long-lived asset impairment charges of $56 million (pre-tax and after-tax) recognized for our Rexall Health retail business. The first nine months of 2019 operating profit for Other include pre-tax restructuring and asset impairment charges of $89 million ($83 million after-tax) primarily associated with the closure of retail pharmacy stores within our Canadian business. The first nine months of 2019 includes a pre-tax and after-tax gain from escrow settlement of $97 million representing certain indemnity and other claims related to our 2017 third quarter acquisition of Rexall Health. In addition, operating profit for the third quarter and first nine months of 2019 includes a pre-tax gain of $56 million ($41 million after-tax) recognized from the 2019 third quarter sale of an equity investment.
(5) | Operating profit for Other for the first nine months of 2019 includes a pre-tax credit of $90 million ($66 million after-tax) representing the derecognition of the TRA liability payable to the shareholders of Change. Operating profit for Other also includes our proportionate share of loss from Change Healthcare of $50 million and $162 million for the third quarter and first nine months of 2019, and $90 million and $271 million for the third quarter and first nine months of 2018.
(6) | Operating profit for Other for the third quarter and first nine months of 2018 includes a pre-tax gain of $109 million ($30 million after-tax) from the 2018 third quarter sale of our EIS business and a pre-tax credit of $46 million ($30 million after-tax) representing a reduction in our TRA liability. Additionally, operating profit for Other for the first nine months of 2018 includes a pre-tax gain of $37 million ($22 million after-tax) from the Healthcare Technology Net Asset Exchange related to the final net working capital and other adjustments.
(7) | Corporate expenses, net, for the third quarter and first nine months of 2019 include a pre-tax restructuring charge of $31 million ($23 million after-tax) related to our corporate headquarters relocation announced during the third quarter of 2019.
(8) | Segment operating profit includes gross profit, net of operating expenses, as well as other income, net, for our operating segments.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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