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BUSINESS SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table is a summary of segment information for the years ended December 31, 2022, 2021 and 2020. Segment asset information is not presented since it is not used by the CODM at the operating segment level. Operating earnings (loss) of each segment represents net revenues less directly identifiable expenses to arrive at operating income (loss) for the segment. General corporate activities included in the table below are comprised of general management and administrative corporate expenses, amortization and impairment of intangibles assets and other operating income and expenses, net of certain general corporate activity costs that are allocated to the DIS and DS businesses. The accounting policies of the segments are the same as those of the Company as set forth in Note 2.

			2022						2021						2020
Net revenues:
DIS business			$	9,609					$	10,494					$	9,139
All other operating segments			274						294						298
Total net revenues			$	9,883					$	10,788					$	9,437
Operating earnings (loss):
DIS business			$	1,704					$	2,646					$	2,201
All other operating segments			20						29						39
General corporate activities			(296)						(294)						(269)
Total operating income			1,428						2,381						1,971
Non-operating (expense) income, net			(193)						218						(87)
Income before income taxes and equity in earnings of equity method investees			1,235						2,599						1,884
Income tax expense			(264)						(597)						(460)
Equity in earnings of equity method investees, net of taxes			44						78						75
Net income			1,015						2,080						1,499
Less: Net income attributable to noncontrolling interests			69						85						68
Net income attributable to Quest Diagnostics			$	946					$	1,995					$	1,431

    Depreciation and amortization expense for the years ended December 31, 2022, 2021 and 2020 were as follows:

			2022						2021						2020
DIS business			$	305					$	294					$	249
All other operating segments			12						10						8
General corporate			120						104						104
Total depreciation and amortization			$	437					$	408					$	361

    Capital expenditures for the years ended December 31, 2022, 2021 and 2020 were as follows:

			2022						2021						2020
DIS business			$	384					$	379					$	394
All other operating segments			19						14						15
General corporate			1						10						9
Total capital expenditures			$	404					$	403					$	418

    The approximate percentage of net revenues by major service for the years ended December 31, 2022, 2021 and 2020 was as follows:

			2022						2021						2020
Routine clinical testing and other services			44		%				40		%				41		%
COVID-19 testing services			15						26						29
Gene-based and esoteric (including advanced diagnostics) testing services			32						26						22
Anatomic pathology testing services			6						5						5
All other			3						3						3
Net revenues			100		%				100		%				100		%

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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