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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
shares in Millions, $ in Millions
Total
Adoption of new accounting standard, adjustment
Total CVS Health Shareholders’ Equity
Total CVS Health Shareholders’ Equity
Adoption of new accounting standard, adjustment
[2]
Common Shares
Treasury Stock
Common Stock and Capital Surplus
Retained Earnings
Retained Earnings
Adoption of new accounting standard, adjustment
[2]
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Adoption of new accounting standard, 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) [2] $ 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) [2] 75,075 $ (540)   $ (28,173) [1] 47,377 [3] 54,906 $ 91 965 $ (631) 306
Shareholders' Equity [Roll Forward]                        
Net income (loss) 1,995 130                    
Other comprehensive income (loss) (1,688)                      
Shares outstanding, balance at end of period (in shares) at Sep. 30, 2022         1,757              
Treasury shares outstanding, balance at end of period (in shares) at Sep. 30, 2022 [1]           (442)            
Balance at end of period at Sep. 30, 2022 71,487   71,159     $ (30,326) [1] 48,047 [3] 54,792   (1,354)   328
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
Shareholders' Equity [Roll Forward]                        
Net income (loss) (3,399) 10 (3,406)         (3,406)       7
Other comprehensive income (loss) (385)   (385)             (385)    
Stock option activity, stock awards and other (in shares)         2              
Stock option activity, stock awards and other 173   173       173 [3]          
ESPP issuances, net of purchase of treasury shares (in shares) [1]           1            
ESPP issuances, net of purchase of treasury shares 86   86     $ 86 [1]            
Common stock dividends (723)   (723)         (723)        
Other increases (decreases) in noncontrolling interests (1)                     (1)
Shares outstanding, balance at end of period (in shares) at Sep. 30, 2022         1,757              
Treasury shares outstanding, balance at end of period (in shares) at Sep. 30, 2022 [1]           (442)            
Balance at end of period at Sep. 30, 2022 $ 71,487   71,159     $ (30,326) [1] 48,047 [3] 54,792   (1,354)   328
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 $ 71,769 454 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 $ 454 71,469     $ (31,858) [4] 48,193 [5] 56,398   (1,264)   300
Shareholders' Equity [Roll Forward]                        
Net income (loss) 6,321                      
Other comprehensive income (loss) $ 260                      
Shares outstanding, balance at end of period (in shares) at Sep. 30, 2023         1,767              
Treasury shares outstanding, balance at end of period (in shares) at Sep. 30, 2023 (480)         (480) [4]            
Balance at end of period at Sep. 30, 2023 $ 74,510   74,337     $ (33,831) [4] 48,829 [5] 60,343   (1,004)   173
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 [4]           (482)            
Balance at end of period at Jun. 30, 2023 73,002   72,726     $ (33,933) [4] 48,649 [5] 58,868   (858)   276
Shareholders' Equity [Roll Forward]                        
Net income (loss) 2,265   2,261         2,261       4
Other comprehensive income (loss) (146)   (146)             (146)    
Stock option activity, stock awards and other (in shares)         3              
Stock option activity, stock awards and other 165   165       165 [5]          
ESPP issuances, net of purchase of treasury shares (in shares) [4]           2            
ESPP issuances, net of purchase of treasury shares 105   105     $ 102 [4] 3 [5]          
Common stock dividends (786)   (786)         (786)        
Other increases (decreases) in noncontrolling interests $ (95)   12       12 [5]         (107)
Shares outstanding, balance at end of period (in shares) at Sep. 30, 2023         1,767              
Treasury shares outstanding, balance at end of period (in shares) at Sep. 30, 2023 (480)         (480) [4]            
Balance at end of period at Sep. 30, 2023 $ 74,510   $ 74,337     $ (33,831) [4] $ 48,829 [5] $ 60,343   $ (1,004)   $ 173
[1] Treasury shares include 1 million shares held in trust and treasury stock includes $29 million related to shares held in trust as of September 30, 2022, 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 September 30, 2022 and 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 September 30, 2023, 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 September 30, 2023, June 30, 2023, March 31, 2023 and December 31, 2022.