DISPOSITION OF ASSETS AND LIABILITIES

9 Months Ended

Sep. 30, 2025

Discontinued Operation, Additional Disclosures [Abstract]

During the three months ended September 30, 2025, a building we own in West Palm Beach, Florida met the criteria to be classified as held for sale. As a result, the building was classified as held for sale at September 30, 2025 in the accompanying Condensed Consolidated Balance Sheet. At September 30, 2025, assets related to this building totaled $62 million.

In January 2024, we completed the sale of three hospitals located in South Carolina and certain related operations (together, the “SC Hospitals”), all of which were held by our Hospital Operations segment. This transaction resulted in the recognition of a pre-tax gain on sale of $1.677 billion in the nine months ended September 30, 2024. During the three and nine months ended September 30, 2024, the SC Hospitals contributed a net pre‑tax loss of $2 million and net pre‑tax income of $1.687 billion (inclusive of the gain discussed above), respectively, to income before income taxes in the accompanying Condensed Consolidated Statement of Operations.

We also completed the following additional sales during the nine months ended September 30, 2024:

•four hospitals and certain related operations located in Orange County and Los Angeles County, California, including facilities from both our Hospital Operations and Ambulatory Care segments, which resulted in the recognition of a pre‑tax gain on sale of $527 million in the nine months ended September 30, 2024;

•two hospitals and certain related operations located in San Luis Obispo County, California, all of which were held by our Hospital Operations segment, resulting in the recognition of a pre‑tax gain on sale of $271 million in the nine months ended September 30, 2024;

•our majority ownership interests in several entities that owned or leased five hospitals and certain related operations, all located in Alabama (collectively, the “AL Hospitals”), including facilities from both our Hospital Operations and Ambulatory Care segments, which resulted in the recognition of a pre‑tax gain on sale of $357 million in the nine months ended September 30, 2024; and

•three ambulatory surgery centers located in South Carolina and held by our Ambulatory Care segment, which resulted in the recognition of a pre‑tax gain of $43 million in the nine months ended September 30, 2024.

Gains recognized from the dispositions described above were included in net gains on sales, consolidation and deconsolidation of facilities in the accompanying Condensed Consolidated Statement of Operations for the nine months ended September 30, 2024.

Assets and liabilities classified as held for sale at September 30, 2025 are presented in the table below:




Other current assets	$	4

Property and equipment	62
Other intangible assets	16

Current liabilities	(12)




Net assets held for sale	$	70