Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2014

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

The following table is a reconciliation of the Company’s business segments to the consolidated financial statements:



In millions	Pharmacy Services Segment⁽¹⁾⁽²⁾		Retail Pharmacy Segment⁽²⁾		Corporate Segment			Intersegment Eliminations⁽²⁾			Consolidated Totals
2014:
Net revenues	$	88,440	$	67,798	$	—		$	(16,871	)	$	139,367
Gross profit	4,771		21,277		—			(681		)	25,367
Operating profit	3,514		6,762		(796		)	(681		)	8,799
Depreciation and amortization	630		1,205		96			—			1,931
Total assets	42,302		30,979		2,530			(1,559		)	74,252
Goodwill	21,234		6,908		—			—			28,142
Additions to property and equipment	308		1,745		83			—			2,136
2013:
Net revenues	$	76,208	$	65,618	$	—		$	(15,065	)	$	126,761
Gross profit	4,237		20,112		—			(566		)	23,783
Operating profit	3,086		6,268		(751		)	(566		)	8,037
Depreciation and amortization	560		1,217		93			—			1,870
Total assets	38,343		30,191		4,420			(1,428		)	71,526
Goodwill	19,658		6,884		—			—			26,542
Additions to property and equipment	313		1,610		61			—			1,984
2012:
Net revenues	$	73,444	$	63,641	$	—		$	(13,965	)	$	123,120
Gross profit	3,808		19,091		—			(411		)	22,488
Operating profit	2,679		5,636		(694		)	(411		)	7,210
Depreciation and amortization	517		1,153		83			—			1,753
Total assets	36,057		29,492		1,408			(736		)	66,221
Goodwill	19,646		6,749		—			—			26,395
Additions to property and equipment	422		1,555		53			—			2,030


(1)	Net revenues of the Pharmacy Services Segment include approximately $8.1 billion, $7.9 billion and $8.4 billion of Retail co-payments for the years ended December 31, 2014, 2013 and 2012, respectively.

(2)

Intersegment eliminations relate to two types of transactions: (i) Intersegment revenues that occur when Pharmacy Services Segment clients 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 clients, 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 $4.9 billion, $4.3 billion and $3.4 billion for the years ended December 31, 2014, 2013 and 2012, respectively; and gross profit and operating profit of $681 million, $566 million and $411 million for the years ended December 31, 2014, 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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