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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The passage of the OBBBA in July 2025 had various implications for the Company, including potential membership impacts to the Company's Medicaid reporting unit as well as the non-renewal of Marketplace Enhanced APTCs. As a result of these market conditions along with the decline in the Company's stock price, the Company performed a quantitative impairment analysis during the third quarter of 2025 to determine whether goodwill, intangibles or other assets were impaired. The goodwill impairment analysis utilized a weighted discounted cash flow model and guideline public company market approach to measure the fair value of the Company's reporting units. As a result of the analysis, the Company recorded a $6,723 million impairment to goodwill. The following table summarizes the changes in goodwill by operating segment ($ in millions):
| Medicaid |  | Medicare |  | Commercial |  | Other |  | Consolidated Total
Balance, December 31, 2023 | $ | 10,198 |  |  | $ | 1,592 |  |  | $ | 5,424 |  |  | $ | 344 |  |  | $ | 17,558 |
Current year activity | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance, December 31, 2024 | $ | 10,198 |  |  | $ | 1,592 |  |  | $ | 5,424 |  |  | $ | 344 |  |  | $ | 17,558 |
Impairments | (6,186) |  |  | — |  |  | (212) |  |  | (325) |  |  | (6,723) |
Balance, December 31, 2025 | $ | 4,012 |  |  | $ | 1,592 |  |  | $ | 5,212 |  |  | $ | 19 |  |  | $ | 10,835 |
Intangible assets at December 31, consist of the following ($ in millions):
|  |  |  |  | Weighted Average Useful Life in Years
| 2025 |  | 2024 |  | 2025 |  | 2024
Purchased contract rights and customer relationships | $ | 7,737 |  |  | $ | 7,845 |  |  | 13.5 |  | 13.5
Trade names | 913 |  |  | 943 |  |  | 15.5 |  | 15.6
Provider contracts | 492 |  |  | 612 |  |  | 13.8 |  | 14.0
Developed technologies | 227 |  |  | 298 |  |  | 3.8 |  | 4.4
Intangible assets | 9,369 |  |  | 9,698 |  |  | 13.4 |  | 13.4
Less: accumulated amortization |  |  |  |  |  |  |
Purchased contract rights and customer relationships | (3,891) |  |  | (3,348) |  |  |  |  |
Trade names | (438) |  |  | (383) |  |  |  |  |
Provider contracts | (283) |  |  | (271) |  |  |  |  |
Developed technologies | (227) |  |  | (287) |  |  |  |  |
Total accumulated amortization | (4,839) |  |  | (4,289) |  |  |  |  |
Intangible assets, net | $ | 4,530 |  |  | $ | 5,409 |  |  |  |  |
As discussed in Note 3. Acquisitions and Divestitures, Magellan Health was considered held for sale as of December 31, 2025, and the related intangible assets of $140 million were reclassified to other current assets. Additionally, during 2025 the Company recorded intangible asset impairment related to the wind-down of certain contracts in the Other segment of $55 million. Amortization expense was $685 million, $692 million and $718 million for the years ended December 31, 2025, 2024 and 2023, respectively. Estimated total amortization expense related to the December 31, 2025 intangible assets for each of the five succeeding fiscal years is as follows ($ in millions):
|  | Estimated Total Amortization Expense
2026 |  | $ | 650 |
2027 |  | 645 |
2028 |  | 644 |
2029 |  | 540 |
2030 |  | 482 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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