XML 40 R26.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Fair Value Measurements (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2018
Fair Value Disclosures [Abstract] |
Fair value of assets measured on recurring basis | Our financial instruments measured at fair value on a recurring basis at June 30, 2018, were as follows:
| Total |  | Quoted Market Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| (In millions)
Corporate debt securities | $ | 1,382 |  |  | $ | — |  |  | $ | 1,382 |  |  | $ | — |
U.S. treasury notes | 330 |  |  | 330 |  |  | — |  |  | — |
Government-sponsored enterprise securities (GSEs) | 207 |  |  | 207 |  |  | — |  |  | — |
Municipal securities | 136 |  |  | — |  |  | 136 |  |  | — |
Asset-backed securities | 99 |  |  | — |  |  | 99 |  |  | — |
Certificate of deposit | 19 |  |  | — |  |  | 19 |  |  | — |
Other | 3 |  |  | — |  |  | 3 |  |  | — |
Subtotal - current investments | 2,176 |  |  | 537 |  |  | 1,639 |  |  | — |
Corporate debt securities | 55 |  |  | — |  |  | 55 |  |  | — |
U.S. treasury notes | 25 |  |  | 25 |  |  | — |  |  | — |
Subtotal - current restricted investments | 80 |  |  | 25 |  |  | 55 |  |  | — |
1.125% Call Option derivative asset | 657 |  |  | — |  |  | — |  |  | 657 |
Total assets | $ | 2,913 |  |  | $ | 562 |  |  | $ | 1,694 |  |  | $ | 657 |
1.125% Conversion Option derivative liability | $ | 657 |  |  | $ | — |  |  | $ | — |  |  | $ | 657 |
Total liabilities | $ | 657 |  |  | $ | — |  |  | $ | — |  |  | $ | 657 |
Our financial instruments measured at fair value on a recurring basis at December 31, 2017, were as follows:
| Total |  | Quoted Market Prices (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3)
| (In millions)
Corporate debt securities | $ | 1,588 |  |  | $ | — |  |  | $ | 1,588 |  |  | $ | — |
U.S. treasury notes | 388 |  |  | 388 |  |  | — |  |  | — |
GSEs | 253 |  |  | 253 |  |  | — |  |  | — |
Municipal securities | 141 |  |  | — |  |  | 141 |  |  | — |
Asset-backed securities | 117 |  |  | — |  |  | 117 |  |  | — |
Certificates of deposit | 37 |  |  | — |  |  | 37 |  |  | — |
Subtotal - current investments | 2,524 |  |  | 641 |  |  | 1,883 |  |  | — |
Corporate debt securities | 101 |  |  | — |  |  | 101 |  |  | — |
U.S. treasury notes | 68 |  |  | 68 |  |  | — |  |  | — |
Subtotal - current restricted investments | 169 |  |  | 68 |  |  | 101 |  |  | — |
1.125% Call Option derivative asset | 522 |  |  | — |  |  | — |  |  | 522 |
Total assets | $ | 3,215 |  |  | $ | 709 |  |  | $ | 1,984 |  |  | $ | 522 |
1.125% Conversion Option derivative liability | $ | 522 |  |  | $ | — |  |  | $ | — |  |  | $ | 522 |
Total liabilities | $ | 522 |  |  | $ | — |  |  | $ | — |  |  | $ | 522 |
Schedule of fair value, asset and liabilities measured on recurring basis - disclosure only | The carrying amounts and estimated fair values of our senior notes are classified as Level 2 financial instruments. Fair value for these securities is determined using a market approach based on quoted market prices for similar securities in active markets or quoted prices for identical securities in inactive markets. The carrying amount and estimated fair value of the amount due under our Credit Facility was classified as a Level 3 financial instrument, because certain inputs used to determine its fair value were not observable. The carrying amount of the amount due under the Credit Facility as of December 31, 2017, approximated its fair value because the Credit Facility’s interest rate is a variable rate that approximates rates currently available to us.
| June 30, 2018 |  | December 31, 2017
| Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
| (In millions)
5.375% Notes | $ | 693 |  |  | $ | 706 |  |  | $ | 692 |  |  | $ | 730 |
1.125% Convertible Notes (1) | 420 |  |  | 1,099 |  |  | 496 |  |  | 1,052 |
4.875% Notes | 326 |  |  | 320 |  |  | 325 |  |  | 329 |
1.625% Convertible Notes | 63 |  |  | 107 |  |  | 157 |  |  | 220 |
Credit Facility | — |  |  | — |  |  | 300 |  |  | 300 |
| $ | 1,502 |  |  | $ | 2,232 |  |  | $ | 1,970 |  |  | $ | 2,631 |
______________________
(1) | The fair value of the 1.125% Conversion Option (the embedded cash conversion option) amounted to $657 million and $522 million as of June 30, 2018, and December 31, 2017, respectively. See further discussion at Note 7, “Debt,” and Note 8, “Derivatives.”

X
- Definition Schedule of Fair Value, Asset and Liabilities Measured on Recurring Basis [Table Text Block] + References No definition available. + Details
Name: | moh_ScheduleOfFairValueAssetAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | moh_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19190-110258 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=99377789&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration