Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2013

Reconciliation of the Company's business segments to the consolidated financial statements



In millions	Pharmacy Services Segment(1)		Retail Pharmacy Segment		Corporate Segment			Intersegment Eliminations(2)			Consolidated Totals
Three Months Ended
March 31, 2013:
Net revenues	$	18,311	$	16,051	$	—		$	(3,599	)	$	30,763
Gross profit	768		4,952		—			(138		)	5,582
Operating profit (loss)	499		1,537		(199		)	(138		)	1,699
March 31, 2012:
Net revenues	18,300		16,024		—			(3,526		)	30,798
Gross profit	616		4,572		—			(75		)	5,113
Operating profit (loss)	349		1,298		(168		)	(75		)	1,404
Total assets:
March 31, 2013	35,650		29,552		1,550			(684		)	66,068
December 31, 2012	36,057		29,183		1,408			(736		)	65,912
Goodwill:
March 31, 2013	19,658		6,917		—			—			26,575
December 31, 2012	19,646		6,749		—			—			26,395

(1) Net revenues of the Pharmacy Services Segment include approximately $2.2 billion and $2.3 billion of retail co-payments for the three months ended March 31, 2013 and 2012, respectively.

(2) Intersegment eliminations relate to two types of transactions: (i) Intersegment revenues that occur when Pharmacy Services Segment customers use Retail Pharmacy Segment stores to purchase covered products. When this occurs, both the Pharmacy Services and Retail Pharmacy segments record the revenue on a standalone basis, and (ii) Intersegment revenues, gross profit and operating profit that occur when Pharmacy Services Segment customers, through the Company’s intersegment activities (such as the Maintenance Choice program), elect to pick-up their maintenance prescriptions at Retail Pharmacy Segment stores instead of receiving them through the mail. When this occurs, both the Pharmacy Services and Retail Pharmacy segments record the revenue, gross profit and operating profit on a standalone basis. The following amounts are eliminated in consolidation in connection with the item (ii) intersegment activity: net revenues of $939 million and $798 million for the three months ended March 31, 2013 and 2012, respectively, gross profit and operating profit of $138 million and $75 million for the three months ended March 31, 2013 and 2012, respectively.

- 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.

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