Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2014

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, 2014:
Net revenues	$	20,195	$	16,480	$	—		$	(3,986	)	$	32,689
Gross profit	934		5,184		—			(176		)	5,942
Operating profit (loss)	640		1,750		(190		)	(176		)	2,024
March 31, 2013:
Net revenues	18,311		16,039		—			(3,599		)	30,751
Gross profit	768		4,947		—			(138		)	5,577
Operating profit (loss)	499		1,532		(199		)	(138		)	1,694
Total assets:
March 31, 2014	40,365		30,960		2,480			(983		)	72,822
December 31, 2013	38,343		30,191		4,420			(1,428		)	71,526
Goodwill:
March 31, 2014	21,250		6,889		—			—			28,139
December 31, 2013	19,658		6,884		—			—			26,542

(1) Net revenues of the Pharmacy Services Segment include approximately $2.2 billion of retail co-payments for both of the three months ended March 31, 2014 and 2013.

(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 stand-alone 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 above: net revenues of $1.1 billion and $939 million for the three months ended March 31, 2014 and 2013, respectively; and gross profit and operating profit of $176 million and $138 million for the three months ended March 31, 2014 and 2013, 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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