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Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2018
Accounting Policies [Abstract] |
Restricted Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported within the accompanying consolidated balance sheets that sum to the total of the same such amounts presented in the accompanying consolidated statements of cash flows. The restricted cash and cash equivalents presented below are included in non-current “Restricted investments” in the accompanying consolidated balance sheets.
| Six Months Ended June 30,
| 2018 |  | 2017
| (In millions)
Cash and cash equivalents | $ | 3,392 |  |  | $ | 2,979 |
Restricted cash and cash equivalents | 98 |  |  | 92 |
Cash and cash equivalents reported in assets held for sale | 9 |  |  | — |
Total cash, cash equivalents, and restricted cash and cash equivalents presented in the statements of cash flows | $ | 3,499 |  |  | $ | 3,071 |
Schedule of Cash and Cash Equivalents | The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported within the accompanying consolidated balance sheets that sum to the total of the same such amounts presented in the accompanying consolidated statements of cash flows. The restricted cash and cash equivalents presented below are included in non-current “Restricted investments” in the accompanying consolidated balance sheets.
| Six Months Ended June 30,
| 2018 |  | 2017
| (In millions)
Cash and cash equivalents | $ | 3,392 |  |  | $ | 2,979 |
Restricted cash and cash equivalents | 98 |  |  | 92 |
Cash and cash equivalents reported in assets held for sale | 9 |  |  | — |
Total cash, cash equivalents, and restricted cash and cash equivalents presented in the statements of cash flows | $ | 3,499 |  |  | $ | 3,071 |
Quality incentive premium revenue recognized | The following table quantifies the quality incentive premium revenue recognized for the periods presented, including the amounts earned in the periods presented and prior periods. Although the reasonably possible effects of a change in estimate related to quality incentive premium revenue as of June 30, 2018 are not known, we have no reason to believe that the adjustments to prior years noted below are not indicative of the potential future changes in our estimates as of June 30, 2018.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (Dollars in millions)
Maximum available quality incentive premium - current period | $ | 47 |  |  | $ | 39 |  |  | $ | 87 |  |  | $ | 77 |
Quality incentive premium revenue recognized in current period: |  |  |  |  |  |  |
Earned current period | $ | 34 |  |  | $ | 29 |  |  | $ | 58 |  |  | $ | 48 |
Earned prior periods | 12 |  |  | 1 |  |  | 23 |  |  | 6 |
Total | $ | 46 |  |  | $ | 30 |  |  | $ | 81 |  |  | 54 |
Quality incentive premium revenue recognized as a percentage of total premium revenue | 1.0 | % |  | 0.6 | % |  | 0.9 | % |  | 0.6 | %
Segment reporting | The following table presents the opening and closing balances of receivables, deferred contract costs (contract assets), and deferred revenue (contract liabilities) from contracts with customers, by segment.
| June 30, 2018 |  | December 31, 2017
| (In millions)
Receivables: |  |  |
Molina Medicaid Solutions | $ | 34 |  |  | $ | 30 |
Other | 40 |  |  | 44 |
Deferred contract costs (contract assets) – Molina Medicaid Solutions | 109 |  |  | 101 |
Deferred revenue (contract liabilities) – Molina Medicaid Solutions | 39 |  |  | 49 |
The following table presents total revenue by segment. Inter-segment revenue was insignificant for all periods presented.
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (In millions)
Total revenue: |  |  |  |  |  |  |
Health Plans | $ | 4,752 |  |  | $ | 4,868 |  |  | $ | 9,261 |  |  | $ | 9,639 |
Molina Medicaid Solutions | 48 |  |  | 47 |  |  | 99 |  |  | 93 |
Other | 83 |  |  | 84 |  |  | 169 |  |  | 171 |
Consolidated | $ | 4,883 |  |  | $ | 4,999 |  |  | $ | 9,529 |  |  | $ | 9,903 |
The following table reconciles gross margin by segment to consolidated income (loss) before income taxes:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
| (In millions)
Gross margin: |  |  |  |  |  |  |
Health Plans | $ | 664 |  |  | $ | 249 |  |  | $ | 1,265 |  |  | $ | 786 |
Molina Medicaid Solutions | 4 |  |  | 4 |  |  | 12 |  |  | 8 |
Other | 5 |  |  | 1 |  |  | 11 |  |  | 6 |
Total gross margin | 673 |  |  | 254 |  |  | 1,288 |  |  | 800 |
Add: other operating revenues (1) | 242 |  |  | 130 |  |  | 431 |  |  | 255 |
Less: other operating expenses (2) | (573 | ) |  | (671 | ) |  | (1,155 | ) |  | (1,260 | )
Operating income (loss) | 342 |  |  | (287 | ) |  | 564 |  |  | (205 | )
Other expenses (income), net | 37 |  |  | 27 |  |  | 80 |  |  | (22 | )
Income (loss) before income taxes | $ | 305 |  |  | $ | (314 | ) |  | $ | 484 |  |  | $ | (183 | )
______________________
(1) | Other operating revenues include premium tax revenue, health insurer fees reimbursed, and investment income and other revenue.
(2) | Other operating expenses include general and administrative expenses, premium tax expenses, health insurer fees, depreciation and amortization, impairment losses, and restructuring and separation costs.
As of June 30, 2018, Molina Medicaid Solutions’ major classes of assets and liabilities were as follows:
| (In millions)
Cash and cash equivalents | $ | 9 |
Receivables and prepaid expenses | 41 |
Goodwill and property, equipment, and capitalized software, net | 70 |
Deferred contract costs and other assets | 110 |
Total assets held for sale | $ | 230 |
Accounts payable and accrued and other liabilities | $ | 27 |
Deferred revenue | 39 |
Total liabilities held for sale | $ | 66 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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