GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for our reportable segments for the nine months ended September 30, 2023 were as follows:

	Insurance		CenterWell		Total
	(in millions)
Balance at January 1, 2023	$	2,472	$	6,670	$	9,142
Acquisitions	191		207		398
Balance at September 30, 2023	$	2,663	$	6,877	$	9,540

The following table presents details of our other intangible assets included in other long-term assets in the accompanying condensed consolidated balance sheets at September 30, 2023 and December 31, 2022:

		September 30, 2023						December 31, 2022
	Weighted Average Life	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
		($ in millions)
Other intangible assets:
Certificates of need	Indefinite	$	1,132	$	—	$	1,132	$	1,132	$	—	$	1,132
Medicare licenses	Indefinite	302		—		302		286		—		286
Customer contracts/     relationships	9.4 years	955		708		247		929		673		256
Trade names and     technology	6.7 years	139		106		33		142		107		35
Provider contracts	11.6 years	73		64		9		73		63		10
Noncompetes and     other	8.4 years	84		42		42		86		40		46
Total other intangible     assets	9.2 years	$	2,685	$	920	$	1,765	$	2,648	$	883	$	1,765

    For the three months ended September 30, 2023 and 2022, amortization expense for other intangible assets was approximately $17 million and $25 million, respectively. For the nine months ended September 30, 2023 and 2022, amortization expense for other intangible assets was approximately $51 million and $61 million, respectively. The following table presents our estimate of amortization expense remaining for 2023 and each of the next five succeeding years at September 30, 2023:

	(in millions)
For the years ending December 31,
2023	$	15
2024	60
2025	58
2026	44
2027	34
2028	29

For additional information regarding our goodwill and intangible assets, refer to Note 2 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" in our 2022 Form 10-K.