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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, 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) 5,394                      
Other comprehensive income (loss) (1,303)                      
Shares outstanding, balance at end of period (in shares) at Jun. 30, 2022         1,755              
Treasury shares outstanding, balance at end of period (in shares) at Jun. 30, 2022 [1]           (443)            
Balance at end of period at Jun. 30, 2022 75,736   75,414     $ (30,412) [1] 47,874 [3] 58,921   (969)   322
Shares outstanding, balance at beginning of period (in shares) at Mar. 31, 2022         1,747              
Treasury shares outstanding, balance at beginning of period (in shares) at Mar. 31, 2022 [1]           (441)            
Balance at beginning of period at Mar. 31, 2022 74,034   73,724     $ (30,145) [1] 47,677 [3] 56,621   (429)   310
Shareholders' Equity [Roll Forward]                        
Net income (loss) 3,039   3,029         3,029       10
Other comprehensive income (loss) (540)   (540)             (540)    
Stock option activity, stock awards and other (in shares)         8              
Stock option activity, stock awards and other 197   197       197 [3]          
Purchases of treasury shares, net of ESPP issuances (in shares) [1]           (2)            
Purchase of treasury shares, net of ESPP issuances (267)   (267)     $ (267) [1]            
Common stock dividends (729)   (729)         (729)        
Other increases (decreases) in noncontrolling interests 2                     2
Shares outstanding, balance at end of period (in shares) at Jun. 30, 2022         1,755              
Treasury shares outstanding, balance at end of period (in shares) at Jun. 30, 2022 [1]           (443)            
Balance at end of period at Jun. 30, 2022 $ 75,736   75,414     $ (30,412) [1] 47,874 [3] 58,921   (969)   322
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 (458)         (458) [4]            
Balance at beginning of period at Dec. 31, 2022 $ 71,769   71,469     $ (31,858) [4] 48,193 [5] 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 [5]          
Purchases of treasury shares, net of ESPP issuances (in shares) [4]           (22)            
Purchase of treasury shares, net of ESPP issuances (1,962)   (1,962)     $ (1,944) [4] (18) [5]          
Common stock dividends (781)   (781)         (781)        
Other increases (decreases) in noncontrolling interests (99)   9       9 [5]         (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 [4]           (480)            
Balance at end of period at Mar. 31, 2023 $ 71,580   71,382     $ (33,802) [4] 48,306 [5] 57,753   (875)   198
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 (458)         (458) [4]            
Balance at beginning of period at Dec. 31, 2022 $ 71,769   71,469     $ (31,858) [4] 48,193 [5] 56,398   (1,264)   300
Shareholders' Equity [Roll Forward]                        
Net income (loss) 4,056                      
Other comprehensive income (loss) $ 406                      
Shares outstanding, balance at end of period (in shares) at Jun. 30, 2023         1,764              
Treasury shares outstanding, balance at end of period (in shares) at Jun. 30, 2023 (482)         (482) [4]            
Balance at end of period at Jun. 30, 2023 $ 73,002   72,726     $ (33,933) [4] 48,649 [5] 58,868   (858)   276
Shares outstanding, balance at beginning of period (in shares) at Mar. 31, 2023         1,759              
Treasury shares outstanding, balance at beginning of period (in shares) at Mar. 31, 2023 [4]           (480)            
Balance at beginning of period at Mar. 31, 2023 71,580   71,382     $ (33,802) [4] 48,306 [5] 57,753   (875)   198
Shareholders' Equity [Roll Forward]                        
Net income (loss) 1,914   1,901         1,901       13
Other comprehensive income (loss) 17   17             17    
Stock option activity, stock awards and other (in shares)         5              
Stock option activity, stock awards and other 345   345       345 [5]          
Purchases of treasury shares, net of ESPP issuances (in shares) [4]           (2)            
Purchase of treasury shares, net of ESPP issuances (129)   (129)     $ (131) [4] 2 [5]          
Common stock dividends (786)   (786)         (786)        
Acquisition of noncontrolling interests 66                     66
Other increases (decreases) in noncontrolling interests $ (5)   (4)       (4) [5]         (1)
Shares outstanding, balance at end of period (in shares) at Jun. 30, 2023         1,764              
Treasury shares outstanding, balance at end of period (in shares) at Jun. 30, 2023 (482)         (482) [4]            
Balance at end of period at Jun. 30, 2023 $ 73,002   $ 72,726     $ (33,933) [4] $ 48,649 [5] $ 58,868   $ (858)   $ 276
[1] Treasury shares include 1 million shares held in trust and treasury stock includes $29 million related to shares held in trust as of June 30, 2022, March 31, 2022 and December 31, 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 June 30, 2022 and $17 million as of March 31, 2022 and December 31, 2021.
[4] Treasury shares include 1 million shares held in trust and treasury stock includes $29 million related to shares held in trust as of June 30, 2023, March 31, 2023 and December 31, 2022.
[5] Common stock and capital surplus includes the par value of common stock of $18 million as of June 30, 2023, March 31, 2023 and December 31, 2022.