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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
[2]
Total CVS Health Shareholders’ Equity
Total CVS Health Shareholders’ Equity
Cumulative Effect, Period of Adoption, Adjustment
[2]
Common Shares
Treasury Stock
Common Stock and Capital Surplus
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
[2]
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjustment
[2]
Noncontrolling Interests
Shares outstanding, balance at beginning of period (in shares) at Dec. 31, 2021         1,744              
Treasury shares outstanding, balance at beginning of period (in shares) at Dec. 31, 2021 [1]           (422)            
Balance at beginning of period at Dec. 31, 2021 $ 75,381 $ (540) $ 75,075 $ (540)   $ (28,173) [1] $ 47,377 [3] $ 54,906 $ 91 $ 965 $ (631) $ 306
Shareholders' Equity [Roll Forward]                        
Net income (loss) 2,355   2,354         2,354       1
Other comprehensive income (loss) (763)   (763)             (763)    
Stock option activity, stock awards and other (in shares)         3              
Stock option activity, stock awards and other 300   300       300 [3]          
Purchases of treasury shares, net of ESPP issuances (in shares) [1]           (19)            
Purchase of treasury shares, net of ESPP issuances (1,972)   (1,972)     $ (1,972) [1]            
Common stock dividends (730)   (730)         (730)        
Other increases (decreases) in noncontrolling interests 3                     3
Shares outstanding, balance at end of period (in shares) at Mar. 31, 2022         1,747              
Treasury shares outstanding, balance at end of period (in shares) at Mar. 31, 2022 [1]           (441)            
Balance at end of period at Mar. 31, 2022 74,034   73,724     $ (30,145) [1] 47,677 [3] 56,621   (429)   310
Shares outstanding, balance at beginning of period (in shares) at Dec. 31, 2022         1,758              
Treasury shares outstanding, balance at beginning of period (in shares) at Dec. 31, 2022 [1]           (458)            
Balance at beginning of period at Dec. 31, 2022 71,769   71,469     $ (31,858) [1] 48,193 [3] 56,398   (1,264)   300
Shareholders' Equity [Roll Forward]                        
Net income (loss) 2,142   2,136         2,136       6
Other comprehensive income (loss) 389   389             389    
Stock option activity, stock awards and other (in shares)         1              
Stock option activity, stock awards and other 122   122       122 [3]          
Purchases of treasury shares, net of ESPP issuances (in shares) [1]           (22)            
Purchase of treasury shares, net of ESPP issuances (1,962)   (1,962)     $ (1,944) [1] (18)          
Common stock dividends (781)   (781)         (781)        
Other increases (decreases) in noncontrolling interests (99)   9       9         (108)
Shares outstanding, balance at end of period (in shares) at Mar. 31, 2023         1,759              
Treasury shares outstanding, balance at end of period (in shares) at Mar. 31, 2023 [1]           (480)            
Balance at end of period at Mar. 31, 2023 $ 71,580   $ 71,382     $ (33,802) [1] $ 48,306 [3] $ 57,753   $ (875)   $ 198
[1] Treasury shares include 1 million shares held in trust and treasury stock includes $29 million related to shares held in trust as of March 31, 2023 and 2022 and December 31, 2022 and 2021.
[2] Reflects the adoption of Accounting Standards Update (“ASU”) 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts (Topic 944) during the three months ended March 31, 2023. See Note 1 ‘‘Significant Accounting Policies’’ for additional information.
[3] Common stock and capital surplus includes the par value of common stock of $18 million as of March 31, 2023 and December 31, 2022 and $17 million as of March 31, 2022 and December 31, 2021.