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BUSINESS SEGMENT INFORMATION | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
BUSINESS SEGMENT INFORMATION | BUSINESS SEGMENT INFORMATION The Company's DIS business is the only reportable segment based on the manner in which the Chief Executive Officer, who is the Company's CODM, assesses performance and allocates resources across the organization. The DIS business provides diagnostic information services to a broad range of customers within its primary customer channels - physicians, hospitals, and patients and consumers. The DIS business accounted for greater than 95% of net revenues in 2024 and 2023. All other operating segments include the Company's DS businesses, which consist of its risk assessment services and healthcare information technology businesses. The Company's DS businesses offer solutions for insurers and offer solutions for healthcare providers and payers. As of June 30, 2024, substantially all of the Company’s services were provided within the United States, and substantially all of the Company’s assets were located within the United States. The following table is a summary of segment information for the three and six months ended June 30, 2024 and 2023. 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 intangible 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 to the audited consolidated financial statements contained in the Company’s 2023 Annual Report on Form 10-K and Note 2 to the interim unaudited consolidated financial statements.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net revenues: |  |  |  |  |  |  |
DIS business | $ | 2,333 |  |  | $ | 2,268 |  |  | $ | 4,631 |  |  | $ | 4,527 |
All other operating segments | 64 |  |  | 70 |  |  | 132 |  |  | 142 |
Total net revenues | $ | 2,397 |  |  | $ | 2,338 |  |  | $ | 4,763 |  |  | $ | 4,669 |
Operating earnings (loss): |  |  |  |  |  |  |
DIS business | $ | 420 |  |  | $ | 410 |  |  | $ | 793 |  |  | $ | 784 |
All other operating segments | 8 |  |  | 10 |  |  | 17 |  |  | 18 |
General corporate activities | (73) |  |  | (72) |  |  | (155) |  |  | (149) |
Total operating income | 355 |  |  | 348 |  |  | 655 |  |  | 653 |
Non-operating expense, net | (41) |  |  | (31) |  |  | (75) |  |  | (59) |
Income before income taxes and equity in earnings of equity method investees | 314 |  |  | 317 |  |  | 580 |  |  | 594 |
Income tax expense | (74) |  |  | (75) |  |  | (140) |  |  | (140) |
Equity in earnings of equity method investees, net of taxes | — |  |  | 7 |  |  | 8 |  |  | 12 |
Net income | 240 |  |  | 249 |  |  | 448 |  |  | 466 |
Less: Net income attributable to noncontrolling interests | 11 |  |  | 14 |  |  | 25 |  |  | 29 |
Net income attributable to Quest Diagnostics | $ | 229 |  |  | $ | 235 |  |  | $ | 423 |  |  | $ | 437 |

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- Definition The entire disclosure for reporting segments including data and tables. 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