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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in Goodwill
Below is a summary of the changes in the carrying amount of goodwill by segment for the years ended December 31, 2018 and 2017:
 
 
 
 
 
 
 
 
In millions
Pharmacy
Services
    
Retail/LTC
    
Health Care
Benefits
 
Total
Balance at December 31, 2016
$
21,637

 
$
16,612

 
$

 
$
38,249

Acquisitions
182

 
203

 

 
385

Foreign currency translation adjustments

 
(2
)
 

 
(2
)
Impairments

 
(181
)
 

 
(181
)
Balance at December 31, 2017
21,819

 
16,632

 

 
38,451

Acquisitions
1,569

 
735

 
44,484

 
46,788

Foreign currency translation adjustments

 
(14
)
 

 
(14
)
Divestiture of RxCrossroads subsidiary

 
(398
)
 

 
(398
)
Impairments

 
(6,149
)
 

 
(6,149
)
Balance at December 31, 2018
$
23,388

 
$
10,806

 
$
44,484

 
$
78,678

 
 
 
 
 
 
 
 

Other intangible assets
The following table is a summary of the Company’s intangible assets as of December 31:
 
 
 
 
 
 
 
 
In millions, except weighted average life
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Weighted
Average
Life (years)
2018
 
 
 
 
 
 
 
Trademarks (indefinitely-lived)
$
10,498

 
$

 
$
10,498

 
N/A
Customer contracts/relationships and covenants not to compete
26,213

 
(6,349
)
 
19,864

 
14.8
Technology
1,060

 
(31
)
 
1,029

 
3.0
Provider networks
4,200

 
(19
)
 
4,181

 
20.0
Value of Business Acquired
590

 
(7
)
 
583

 
20.0
Favorable leases and other
1,177

 
(808
)
 
369

 
17.1
Total
$
43,738

 
$
(7,214
)
 
$
36,524

 
15.3
 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
Trademark (indefinitely-lived)
$
6,398

 
$

 
$
6,398

 
N/A
Customer contracts/relationships and covenants not to compete
12,341

 
(5,536
)
 
6,805

 
15.3
Favorable leases and other
1,190

 
(763
)
 
427

 
16.2
Total
$
19,929

 
$
(6,299
)
 
$
13,630

 
15.4
 
 
 
 
 
 
 
 

Estimated annual pretax amortization for other acquired intangible assets over the next five years The projected annual amortization expense for the Company’s intangible assets for the next five years is as follows:
 
 
In millions
 
2019
$
2,563

2020
2,350

2021
2,253

2022
1,879

2023
1,844