XML 60 R26.htm IDEA: XBRL DOCUMENT
v3.3.0.814

FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2015
Fair Value Disclosures [Abstract] |
Fair Value, Measurement Inputs | The following table provides a summary of the recognized assets and liabilities that are measured at fair value on a recurring basis:
|  |  | Basis of Fair Value Measurements
|  |  | Quoted Prices in Active Markets for Identical Assets / Liabilities |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
September 30, 2015 | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |
Trading securities | $ | 46 |  |  | $ | 46 |  |  | $ | — |  |  | $ | — |
Interest rate swaps | 34 |  |  | — |  |  | 34 |  |  | — |
Cash surrender value of life insurance policies | 28 |  |  | — |  |  | 28 |  |  | — |
Available-for-sale equity securities | 7 |  |  | 7 |  |  | — |  |  | — |
Total | $ | 115 |  |  | $ | 53 |  |  | $ | 62 |  |  | $ | — |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deferred compensation liabilities | $ | 81 |  |  | $ | — |  |  | $ | 81 |  |  | $ | — |
Contingent consideration | 3 |  |  | — |  |  | — |  |  | 3 |
Total | $ | 84 |  |  | $ | — |  |  | $ | 81 |  |  | $ | 3 |
|  |  | Basis of Fair Value Measurements
|  |  | Quoted Prices in Active Markets for Identical Assets / Liabilities |  | Significant Other Observable Inputs |  | Significant Unobservable Inputs
December 31, 2014 | Total |  | Level 1 |  | Level 2 |  | Level 3
Assets: |  |  |  |  |  |  |  |  |  |  |
Trading securities | $ | 49 |  |  | $ | 49 |  |  | $ | — |  |  | $ | — |
Cash surrender value of life insurance policies | 30 |  |  | — |  |  | 30 |  |  | — |
Interest rate swaps | 17 |  |  | — |  |  | 17 |  |  | — |
Available-for-sale equity securities | 9 |  |  | 9 |  |  | — |  |  | — |
Put option | 1 |  |  | — |  |  | — |  |  | 1 |
Total | $ | 106 |  |  | $ | 58 |  |  | $ | 47 |  |  | $ | 1 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |
Deferred compensation liabilities | $ | 85 |  |  | $ | — |  |  | $ | 85 |  |  | $ | — |
Contingent consideration | 17 |  |  | — |  |  | — |  |  | 17 |
Forward starting interest rate swaps | 15 |  |  | — |  |  | 15 |  |  | — |
Interest rate swaps | 13 |  |  | — |  |  | 13 |  |  | — |
Call option | 5 |  |  | — |  |  | — |  |  | 5 |
Total | $ | 135 |  |  | $ | — |  |  | $ | 113 |  |  | $ | 22 |
Reconciliation of Beginning and Ending Balances of Assets and Liabilities, Unobservable Inputs | The following table provides a reconciliation of the beginning and ending balances of assets and liabilities using significant unobservable inputs (Level 3):
| Assets |  | Liabilities
| Put Option Derivative Asset |  | Contingent Consideration |  | Call Option Derivative Liability |  | Total Liabilities
Balance, December 31, 2014 | $ | 1 |  |  | $ | 17 |  |  | $ | 5 |  |  | $ | 22 |
Settlements | — |  |  | (1 | ) |  | (4 | ) |  | (5 | )
Total gains/losses - realized/unrealized: |  |  |  |  |  |  |
Included in earnings | (1 | ) |  | (13 | ) |  | (1 | ) |  | (14 | )
Balance, September 30, 2015 | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |

X
- Definition Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] + References No definition available. + Details
Name: | dgx_FairValueAssetsandLiabilitiesMeasuredonRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | dgx_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
Name: | us-gaap_FairValueMeasurementInputsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration