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Supplemental Condensed Consolidating Financial Information (Tables) | 3 Months Ended
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Mar. 31, 2017
Condensed Financial Information [Abstract] |
Condensed Consolidating Statements of Income | CONDENSED CONSOLIDATING STATEMENTS OF INCOME
| Three Months Ended March 31, 2017
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Revenue: |  |  |  |  |  |  |  |  |
Total revenue | $ | 341 |  |  | $ | 48 |  |  | $ | 4,857 |  |  | $ | (342 | ) |  | $ | 4,904 |
Expenses: |  |  |  |  |  |  |  |  |
Medical care costs | 4 |  |  | — |  |  | 4,107 |  |  | — |  |  | 4,111 |
Cost of service revenue | — |  |  | 42 |  |  | 80 |  |  | — |  |  | 122 |
General and administrative expenses | 297 |  |  | 7 |  |  | 477 |  |  | (342 | ) |  | 439 |
Premium tax expenses | — |  |  | — |  |  | 111 |  |  | — |  |  | 111 |
Depreciation and amortization | 27 |  |  | — |  |  | 12 |  |  | — |  |  | 39 |
Total operating expenses | 328 |  |  | 49 |  |  | 4,787 |  |  | (342 | ) |  | 4,822 |
Operating income (loss) | 13 |  |  | (1 | ) |  | 70 |  |  | — |  |  | 82 |
Interest expense | 26 |  |  | — |  |  | — |  |  | — |  |  | 26 |
Other income, net | (75 | ) |  | — |  |  | — |  |  | — |  |  | (75 | )
Income (loss) before income taxes | 62 |  |  | (1 | ) |  | 70 |  |  | — |  |  | 131 |
Income tax expense | 31 |  |  | — |  |  | 23 |  |  | — |  |  | 54 |
Net income (loss) before equity in earnings of subsidiaries | 31 |  |  | (1 | ) |  | 47 |  |  | — |  |  | 77 |
Equity in net earnings of subsidiaries | 46 |  |  | (2 | ) |  | — |  |  | (44 | ) |  | — |
Net income (loss) | $ | 77 |  |  | $ | (3 | ) |  | $ | 47 |  |  | $ | (44 | ) |  | $ | 77 |
| Three Months Ended March 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Revenue: |  |  |  |  |  |  |  |  |
Total revenue | $ | 251 |  |  | $ | 52 |  |  | $ | 4,290 |  |  | $ | (250 | ) |  | $ | 4,343 |
Expenses: |  |  |  |  |  |  |  |  |
Medical care costs | 12 |  |  | — |  |  | 3,576 |  |  | — |  |  | 3,588 |
Cost of service revenue | — |  |  | 65 |  |  | 62 |  |  | — |  |  | 127 |
General and administrative expenses | 217 |  |  | (15 | ) |  | 388 |  |  | (250 | ) |  | 340 |
Premium tax expenses | — |  |  | — |  |  | 109 |  |  | — |  |  | 109 |
Health insurer fee expenses | — |  |  | — |  |  | 58 |  |  | — |  |  | 58 |
Depreciation and amortization | 22 |  |  | 2 |  |  | 8 |  |  | — |  |  | 32 |
Total operating expenses | 251 |  |  | 52 |  |  | 4,201 |  |  | (250 | ) |  | 4,254 |
Operating income | — |  |  | — |  |  | 89 |  |  | — |  |  | 89 |
Interest expense | 25 |  |  | — |  |  | — |  |  | — |  |  | 25 |
(Loss) income before income taxes | (25 | ) |  | — |  |  | 89 |  |  | — |  |  | 64 |
Income tax (benefit) expense | (16 | ) |  | — |  |  | 56 |  |  | — |  |  | 40 |
Net (loss) income before equity in earnings of subsidiaries | (9 | ) |  | — |  |  | 33 |  |  | — |  |  | 24 |
Equity in net earnings of subsidiaries | 33 |  |  | 2 |  |  | — |  |  | (35 | ) |  | — |
Net income | $ | 24 |  |  | $ | 2 |  |  | $ | 33 |  |  | $ | (35 | ) |  | $ | 24 |
Condensed Consolidating Statements of Comprehensive Income | CONDENSED CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended March 31, 2017
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Net income (loss) | $ | 77 |  |  | $ | (3 | ) |  | $ | 47 |  |  | $ | (44 | ) |  | $ | 77 |
Other comprehensive income, net of tax | 1 |  |  | — |  |  | 1 |  |  | (1 | ) |  | 1 |
Comprehensive income (loss) | $ | 78 |  |  | $ | (3 | ) |  | $ | 48 |  |  | $ | (45 | ) |  | $ | 78 |
| Three Months Ended March 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Net income | $ | 24 |  |  | $ | 2 |  |  | $ | 33 |  |  | $ | (35 | ) |  | $ | 24 |
Other comprehensive income, net of tax | 6 |  |  | — |  |  | 5 |  |  | (5 | ) |  | 6 |
Comprehensive income | $ | 30 |  |  | $ | 2 |  |  | $ | 38 |  |  | $ | (40 | ) |  | $ | 30 |
Condensed Consolidating Balance Sheets | CONDENSED CONSOLIDATING BALANCE SHEETS
| March 31, 2017
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
ASSETS
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 187 |  |  | $ | 19 |  |  | $ | 2,992 |  |  | $ | — |  |  | $ | 3,198 |
Investments | 86 |  |  | — |  |  | 1,970 |  |  | — |  |  | 2,056 |
Receivables | 2 |  |  | 41 |  |  | 963 |  |  | — |  |  | 1,006 |
Due from (to) affiliates | 155 |  |  | (7 | ) |  | (148 | ) |  | — |  |  | — |
Prepaid expenses and other current assets | 53 |  |  | 22 |  |  | 67 |  |  | — |  |  | 142 |
Total current assets | 483 |  |  | 75 |  |  | 5,844 |  |  | — |  |  | 6,402 |
Property, equipment, and capitalized software, net | 294 |  |  | 47 |  |  | 106 |  |  | — |  |  | 447 |
Deferred contract costs | — |  |  | 89 |  |  | — |  |  | — |  |  | 89 |
Goodwill and intangible assets, net | 56 |  |  | 72 |  |  | 623 |  |  | — |  |  | 751 |
Restricted investments | — |  |  | — |  |  | 115 |  |  | — |  |  | 115 |
Investment in subsidiaries, net | 2,722 |  |  | 244 |  |  | — |  |  | (2,966 | ) |  | — |
Deferred income taxes | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Derivative asset | 181 |  |  | — |  |  | — |  |  | — |  |  | 181 |
Other assets | 50 |  |  | 3 |  |  | 6 |  |  | (16 | ) |  | 43 |
| $ | 3,796 |  |  | $ | 530 |  |  | $ | 6,694 |  |  | $ | (2,982 | ) |  | $ | 8,038 |
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities: |  |  |  |  |  |  |  |  |
Medical claims and benefits payable | $ | — |  |  | $ | — |  |  | $ | 1,926 |  |  | $ | — |  |  | $ | 1,926 |
Amounts due government agencies | — |  |  | — |  |  | 1,575 |  |  | — |  |  | 1,575 |
Accounts payable and accrued liabilities | 187 |  |  | 39 |  |  | 212 |  |  | — |  |  | 438 |
Deferred revenue | — |  |  | 48 |  |  | 413 |  |  | — |  |  | 461 |
Income taxes payable | 17 |  |  | (7 | ) |  | 11 |  |  | — |  |  | 21 |
Current portion of long-term debt | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Total current liabilities | 205 |  |  | 80 |  |  | 4,137 |  |  | — |  |  | 4,422 |
Long-term debt | 1,653 |  |  | — |  |  | 16 |  |  | (16 | ) |  | 1,653 |
Deferred income taxes | 8 |  |  | 42 |  |  | (39 | ) |  | — |  |  | 11 |
Derivative liability | 181 |  |  | — |  |  | — |  |  | — |  |  | 181 |
Other long-term liabilities | 22 |  |  | 1 |  |  | 21 |  |  | — |  |  | 44 |
Total liabilities | 2,069 |  |  | 123 |  |  | 4,135 |  |  | (16 | ) |  | 6,311 |
Total stockholders’ equity | 1,727 |  |  | 407 |  |  | 2,559 |  |  | (2,966 | ) |  | 1,727 |
| $ | 3,796 |  |  | $ | 530 |  |  | $ | 6,694 |  |  | $ | (2,982 | ) |  | $ | 8,038 |
| December 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
ASSETS
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 86 |  |  | $ | 6 |  |  | $ | 2,727 |  |  | $ | — |  |  | $ | 2,819 |
Investments | 178 |  |  | — |  |  | 1,580 |  |  | — |  |  | 1,758 |
Receivables | 2 |  |  | 34 |  |  | 938 |  |  | — |  |  | 974 |
Income tax refundable | 17 |  |  | 4 |  |  | 18 |  |  | — |  |  | 39 |
Due from (to) affiliates | 104 |  |  | (5 | ) |  | (99 | ) |  | — |  |  | — |
Prepaid expenses and other current assets | 58 |  |  | 30 |  |  | 43 |  |  | — |  |  | 131 |
Derivative asset | 267 |  |  | — |  |  | — |  |  | — |  |  | 267 |
Total current assets | 712 |  |  | 69 |  |  | 5,207 |  |  | — |  |  | 5,988 |
Property, equipment, and capitalized software, net | 301 |  |  | 46 |  |  | 107 |  |  | — |  |  | 454 |
Deferred contract costs | — |  |  | 86 |  |  | — |  |  | — |  |  | 86 |
Goodwill and intangible assets, net | 58 |  |  | 73 |  |  | 629 |  |  | — |  |  | 760 |
Restricted investments | — |  |  | — |  |  | 110 |  |  | — |  |  | 110 |
Investment in subsidiaries, net | 2,609 |  |  | 246 |  |  | — |  |  | (2,855 | ) |  | — |
Deferred income taxes | 10 |  |  | — |  |  | — |  |  | — |  |  | 10 |
Other assets | 48 |  |  | 3 |  |  | 6 |  |  | (16 | ) |  | 41 |
| $ | 3,738 |  |  | $ | 523 |  |  | $ | 6,059 |  |  | $ | (2,871 | ) |  | $ | 7,449 |
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities: |  |  |  |  |  |  |  |  |
Medical claims and benefits payable | $ | 1 |  |  | $ | — |  |  | $ | 1,928 |  |  | $ | — |  |  | $ | 1,929 |
Amounts due government agencies | — |  |  | — |  |  | 1,202 |  |  | — |  |  | 1,202 |
Accounts payable and accrued liabilities | 146 |  |  | 34 |  |  | 205 |  |  | — |  |  | 385 |
Deferred revenue | — |  |  | 40 |  |  | 275 |  |  | — |  |  | 315 |
Current portion of long-term debt | 472 |  |  | — |  |  | — |  |  | — |  |  | 472 |
Derivative liability | 267 |  |  | — |  |  | — |  |  | — |  |  | 267 |
Total current liabilities | 886 |  |  | 74 |  |  | 3,610 |  |  | — |  |  | 4,570 |
Long-term debt | 1,173 |  |  | — |  |  | 16 |  |  | (16 | ) |  | 1,173 |
Deferred income taxes | 11 |  |  | 39 |  |  | (35 | ) |  | — |  |  | 15 |
Other long-term liabilities | 19 |  |  | 1 |  |  | 22 |  |  | — |  |  | 42 |
Total liabilities | 2,089 |  |  | 114 |  |  | 3,613 |  |  | (16 | ) |  | 5,800 |
Total stockholders’ equity | 1,649 |  |  | 409 |  |  | 2,446 |  |  | (2,855 | ) |  | 1,649 |
| $ | 3,738 |  |  | $ | 523 |  |  | $ | 6,059 |  |  | $ | (2,871 | ) |  | $ | 7,449 |
Condensed Consolidating Statements of Cash Flows | CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, 2017
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | $ | 144 |  |  | $ | 21 |  |  | $ | 554 |  |  | $ | — |  |  | $ | 719 |
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of investments | — |  |  | — |  |  | (733 | ) |  | — |  |  | (733 | )
Proceeds from sales and maturities of investments | 92 |  |  | — |  |  | 341 |  |  | — |  |  | 433 |
Purchases of property, equipment and capitalized software | (18 | ) |  | (5 | ) |  | (3 | ) |  | — |  |  | (26 | )
Increase in restricted investments | — |  |  | — |  |  | (7 | ) |  | — |  |  | (7 | )
Capital contributions to/from subsidiaries | (106 | ) |  | 1 |  |  | 105 |  |  | — |  |  | — |
Dividends to/from subsidiaries | 50 |  |  | — |  |  | (50 | ) |  | — |  |  | — |
Change in amounts due to/from affiliates | (60 | ) |  | 2 |  |  | 58 |  |  | — |  |  | — |
Other, net | — |  |  | (6 | ) |  | — |  |  | — |  |  | (6 | )
Net cash used in investing activities | (42 | ) |  | (8 | ) |  | (289 | ) |  | — |  |  | (339 | )
Financing activities: |  |  |  |  |  |  |  |  |
Proceeds from employee stock plans | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |
Other, net | (2 | ) |  | — |  |  | — |  |  | — |  |  | (2 | )
Net cash used in financing activities | (1 | ) |  | — |  |  | — |  |  | — |  |  | (1 | )
Net increase in cash and cash equivalents | 101 |  |  | 13 |  |  | 265 |  |  | — |  |  | 379 |
Cash and cash equivalents at beginning of period | 86 |  |  | 6 |  |  | 2,727 |  |  | — |  |  | 2,819 |
Cash and cash equivalents at end of period | $ | 187 |  |  | $ | 19 |  |  | $ | 2,992 |  |  | $ | — |  |  | $ | 3,198 |
| Three Months Ended March 31, 2016
| Parent Guarantor |  | Other Guarantors |  | Non-Guarantors |  | Eliminations |  | Consolidated
| (In millions)
Operating activities: |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | $ | (38 | ) |  | $ | 23 |  |  | $ | 154 |  |  | $ | — |  |  | $ | 139 |
Investing activities: |  |  |  |  |  |  |  |  |
Purchases of investments | (35 | ) |  | — |  |  | (576 | ) |  | — |  |  | (611 | )
Proceeds from sales and maturities of investments | 10 |  |  | — |  |  | 338 |  |  | — |  |  | 348 |
Purchases of property, equipment and capitalized software | (28 | ) |  | (14 | ) |  | (4 | ) |  | — |  |  | (46 | )
Increase in restricted investments | — |  |  | — |  |  | (4 | ) |  | — |  |  | (4 | )
Net cash paid in business combinations | — |  |  | (1 | ) |  | (1 | ) |  | — |  |  | (2 | )
Capital contributions to/from subsidiaries | (36 | ) |  | 2 |  |  | 34 |  |  | — |  |  | — |
Change in amounts due to/from affiliates | 23 |  |  | (5 | ) |  | (18 | ) |  | — |  |  | — |
Other, net | 6 |  |  | (5 | ) |  | — |  |  | — |  |  | 1 |
Net cash used in investing activities | (60 | ) |  | (23 | ) |  | (231 | ) |  | — |  |  | (314 | )
Financing activities: |  |  |  |  |  |  |  |  |
Other, net | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net cash provided by financing activities | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Net decrease in cash and cash equivalents | (96 | ) |  | — |  |  | (77 | ) |  | — |  |  | (173 | )
Cash and cash equivalents at beginning of period | 360 |  |  | 13 |  |  | 1,956 |  |  | — |  |  | 2,329 |
Cash and cash equivalents at end of period | $ | 264 |  |  | $ | 13 |  |  | $ | 1,879 |  |  | $ | — |  |  | $ | 2,156 |

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