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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Tax Disclosure [Abstract] |
Provision for Income Taxes | The provision for income taxes consisted of the following for the years ended December 31, 2022, 2021 and 2020:
| 2022 |  | 2021 |  | 2020
| (in millions)
Current provision: |  |  |  |  |
Federal | $ | 755 |  |  | $ | 466 |  |  | $ | 1,019 |
States and Puerto Rico | 107 |  |  | 4 |  |  | 93 |
Total current provision | 862 |  |  | 470 |  |  | 1,112 |
Deferred (benefit) expense | (100) |  |  | 15 |  |  | 195 |
Provision for income taxes | $ | 762 |  |  | $ | 485 |  |  | $ | 1,307 |
Provision for Income Taxes Using Federal Statutory Rate | The provision for income taxes was different from the amount computed using the federal statutory rate for the years ended December 31, 2022, 2021 and 2020 due to the following:
| 2022 |  | 2021 |  | 2020
| (in millions)
Income tax provision at federal statutory rate | $ | 750 |  |  | $ | 718 |  |  | $ | 982 |
States, net of federal benefit, and Puerto Rico | 49 |  |  | 18 |  |  | 63 |
Tax exempt investment income | (3) |  |  | (3) |  |  | (5) |
Nondeductible executive compensation | 30 |  |  | 33 |  |  | 19 |
Non-taxable KAH gain | — |  |  | (264) |  |  | — |
Tax effect from sale of KAH Hospice | (72) |  |  | — |  |  | — |
Health insurance industry fee | — |  |  | — |  |  | 268 |
Other, net | 8 |  |  | (17) |  |  | (20) |
Provision for income taxes | $ | 762 |  |  | $ | 485 |  |  | $ | 1,307 |
Principal Components of Net Deferred Tax Balances | Principal components of our net deferred tax balances at December 31, 2022 and 2021 were as follows:
| Assets (Liabilities)
| 2022 |  | 2021
| (in millions)
Net operating loss carryforward | $ | 105 |  |  | $ | 291 |
Compensation and other accrued expense | 158 |  |  | 186 |
Benefits payable | 103 |  |  | 67 |
Deferred acquisition costs | 43 |  |  | 33 |
Jobs tax credits | 22 |  |  | 33 |
Other | 16 |  |  | 25 |
Unearned revenues | 7 |  |  | 8 |
Investment securities | 454 |  |  | — |
Total deferred income tax assets | 908 |  |  | 643 |
Valuation allowance | (57) |  |  | (65) |
Total deferred income tax assets, net of valuation allowance | 851 |  |  | 578 |
Depreciable property and intangible assets | (740) |  |  | (1,072) |
Prepaid expenses | (132) |  |  | (102) |
Investment securities | — |  |  | (98) |
Other | (6) |  |  | (4) |
Total deferred income tax liabilities | (878) |  |  | (1,276) |
Total net deferred income tax liabilities | $ | (27) |  |  | $ | (698) |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
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