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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2020

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
June 30, 2020			Total						Level 1						Level 2						Level 3
Assets:
Trading securities			$	58					$	58					$	—					$	—
Cash surrender value of life insurance policies			42						—						42						—
Available-for-sale debt securities			12						—						—						12
Total			$	112					$	58					$	42					$	12
Liabilities:
Deferred compensation liabilities			$	108					$	—					$	108					$	—
Contingent consideration			6						—						—						6
Total			$	114					$	—					$	108					$	6
Redeemable noncontrolling interest			$	77					$	—					$	—					$	77

									Basis of Fair Value Measurements
December 31, 2019			Total						Level 1						Level 2						Level 3
Assets:
Trading securities			$	59					$	59					$	—					$	—
Cash surrender value of life insurance policies			43						—						43						—
Available-for-sale debt securities			12						—						—						12
Total			$	114					$	59					$	43					$	12
Liabilities:
Deferred compensation liabilities			$	110					$	—					$	110					$	—
Fixed-to-variable interest rate swaps			28						—						28						—
Contingent consideration			7						—						—						7
Total			$	145					$	—					$	138					$	7
Redeemable noncontrolling interest			$	76					$	—					$	—					$	76

A summary of the significant inputs is as follows:

Business Acquisition						Benchmark						Comparable Company Revenue Volatility						Discount rate						Maximum Contingent Consideration Payment
Certain assets of the clinical and anatomic pathology laboratory business of Shiel Holdings, LLC						Volume						6.9%						4.5%						$	15
ReproSource, Inc.						Revenue						8.5%						6.5%						$	10

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table provides a reconciliation of the beginning and ending balances of liabilities using significant unobservable inputs (Level 3 of the fair value hierarchy):

			Contingent Consideration
Balance, December 31, 2019			$	7
Total (gains)/losses included in earnings - realized/unrealized			(1)
Balance, June 30, 2020			$	6

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- References

No definition available.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19279-110258

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- 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-URI http://asc.fasb.org/topic&trid=2155941

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