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Segments (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Operating segment information

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

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- References

No definition available.

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