INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The provision for income taxes consisted of the following for the years ended December 31, 2023, 2022 and 2021:

	2023		2022		2021
	(in millions)
Current provision:
Federal	$	915	$	755	$	466
States and Puerto Rico	85		107		4
Total current provision	1,000		862		470
Deferred (benefit) expense	(164)		(100)		15
Provision for income taxes	$	836	$	762	$	485

Schedule of Provision for Income Taxes Using Federal Statutory Rate

The provision for income taxes was different from the amount computed using the federal statutory rate for the years ended December 31, 2023, 2022 and 2021 due to the following:

	2023		2022		2021
	(in millions)
Income tax provision at federal statutory rate	$	698	$	750	$	718
States, net of federal benefit, and Puerto Rico	61		49		18
Tax exempt investment income	(3)		(3)		(3)
Nondeductible executive compensation	19		30		33
Non-taxable KAH gain	—		—		(264)
Tax effect from sale of Gentiva Hospice	—		(72)		—
Unrecognized Tax Benefits	37		—		—
Other, net	24		8		(17)
Provision for income taxes	$	836	$	762	$	485

Schedule of Principal Components of Net Deferred Tax Balances

Principal components of our net deferred tax balances at December 31, 2023 and 2022 were as follows:

	Assets (Liabilities)
	2023		2022
	(in millions)
Net operating loss carryforward	$	84	$	105
Compensation and other accrued expense	218		158
Benefits payable	150		103
Deferred acquisition costs	43		43
Jobs tax credits	—		22
Other	16		16
Unearned revenues	5		7
Investment securities	419		454
Total deferred income tax assets	935		908
Valuation allowance	(73)		(57)
Total deferred income tax assets, net of valuation allowance	862		851
Depreciable property and intangible assets	(642)		(740)
Prepaid expenses	(156)		(132)
Other	(16)		(6)
Total deferred income tax liabilities	(814)		(878)
Total net deferred income tax assets (liabilities)	$	48	$	(27)