XML 52 R32.htm IDEA: XBRL DOCUMENT v3.10.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
Adoption of the standard impacted the Company's previously reported results as follows:

 
As Previously Reported
 
Adjustment for New Accounting Standard on Revenue Recognition
 
As Restated
Year Ended December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Consolidated Statements of Operations:
 
 
 
 
 
Net revenues
$
7,709

 
$
(307
)
 
$
7,402

Selling, general and administrative expenses
$
1,750

 
$
(307
)
 
$
1,443

Net income attributable to Quest Diagnostics
$
772

 
$
—

 
$
772

 
 
 
 
 
 
Consolidated Statements of Cash Flows:
 
 
 
 
 
Provision for doubtful accounts
$
315

 
$
(307
)
 
$
8

Changes in operating assets and liabilities:
 
 
 
 
 
Accounts receivable
$
(298
)
 
$
307

 
$
9


 
As Previously Reported
 
Adjustment for New Accounting Standard on Revenue Recognition
 
As Restated
Year Ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Consolidated Statements of Operations:
 
 
 
 
 
Net revenues
$
7,515

 
$
(301
)
 
$
7,214

Selling, general and administrative expenses
$
1,681

 
$
(301
)
 
$
1,380

Net income attributable to Quest Diagnostics
$
645

 
$
—

 
$
645

 
 
 
 
 
 
Consolidated Statements of Cash Flows:
 
 
 
 
 
Provision for doubtful accounts
$
308

 
$
(301
)
 
$
7

Changes in operating assets and liabilities:
 
 
 
 
 
Accounts receivable
$
(343
)
 
$
301

 
$
(42
)
 
 
 
 
 
 
Balance, December 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Consolidated Balance Sheets:
 
 
 
 
 
Accounts receivable
$
1,193

 
$
(256
)
 
$
937

Allowance for doubtful accounts
$
269

 
$
(256
)
 
$
13

Accounts receivable, net of allowance for doubtful accounts
$
924

 
$
—

 
$
924