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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Provision for Income Taxes | The provision for income taxes consisted of the following for the years ended December 31, 2024, 2023 and 2022:
| 2024 |  | 2023 |  | 2022
| (in millions)
Current provision: |  |  |  |  |
Federal | $ | 566 |  |  | $ | 915 |  |  | $ | 755 |
States and Puerto Rico | 39 |  |  | 85 |  |  | 107 |
Total current provision | 605 |  |  | 1,000 |  |  | 862 |
Deferred benefit | (192) |  |  | (164) |  |  | (100) |
Provision for income taxes | $ | 413 |  |  | $ | 836 |  |  | $ | 762 |
Schedule of 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, 2024, 2023 and 2022 due to the following:
| 2024 |  | 2023 |  | 2022
| (in millions)
Income tax provision at federal statutory rate | $ | 340 |  |  | $ | 698 |  |  | $ | 750 |
States, net of federal benefit, and Puerto Rico | 36 |  |  | 61 |  |  | 49 |
Tax exempt investment income | (3) |  |  | (3) |  |  | (3) |
Nondeductible executive compensation | 31 |  |  | 19 |  |  | 30 |
State lookback review refund claims | (17) |  |  | — |  |  | — |
Tax effect from sale of Gentiva Hospice | — |  |  | — |  |  | (72) |
Unrecognized Tax Benefits | 29 |  |  | 37 |  |  | — |
Other, net | (3) |  |  | 24 |  |  | 8 |
Provision for income taxes | $ | 413 |  |  | $ | 836 |  |  | $ | 762 |
Schedule of Principal Components of Net Deferred Tax Balances | Principal components of our net deferred tax balances at December 31, 2024 and 2023 were as follows:
| Assets (Liabilities)
| 2024 |  | 2023
| (in millions)
Net operating loss carryforward | $ | 93 |  |  | $ | 84 |
Compensation and other accrued expense | 171 |  |  | 218 |
Benefits payable | 217 |  |  | 150 |
Deferred acquisition costs | 39 |  |  | 43 |
Other | 6 |  |  | 16 |
Unearned revenues | 6 |  |  | 5 |
Investment securities | 510 |  |  | 419 |
Total deferred income tax assets | 1,042 |  |  | 935 |
Valuation allowance | (85) |  |  | (73) |
Total deferred income tax assets, net of valuation allowance | 957 |  |  | 862 |
Depreciable property and intangible assets | (502) |  |  | (642) |
Prepaid expenses | (172) |  |  | (156) |
Other | (23) |  |  | (16) |
Total deferred income tax liabilities | (697) |  |  | (814) |
Total net deferred income tax assets (liabilities) | $ | 260 |  |  | $ | 48 |
Amounts recognized in the consolidated balance sheets: |  |  |
Other long-term assets | $ | 260 |  |  | $ | 48 |

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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