XML 37 R26.htm IDEA: XBRL DOCUMENT v3.22.1
BUSINESS SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Summary of Segment Reporting Information by Segment The following table is a summary of segment information for the three months ended March 31, 2022 and 2021. Segment asset information is not presented since it is not used by the CODM at the operating segment level. Operating earnings (loss) of each segment represents net revenues less directly identifiable expenses to arrive at operating income (loss) for the segment. General corporate activities included in the table below are comprised of general management and administrative corporate expenses, amortization and impairment of intangible assets and other operating income and expenses, net of certain general corporate activity costs that are allocated to the DIS and DS businesses. The accounting policies of the segments are the same as those of the Company as set forth in Note 2 to the audited consolidated financial statements contained in the Company’s 2021 Annual Report on Form 10-K and Note 2 to the interim unaudited consolidated financial statements.
Three Months Ended March 31,
20222021
Net revenues:  
DIS business$2,541 $2,643 
All other operating segments70 77 
Total net revenues $2,611 $2,720 
Operating earnings (loss):  
DIS business$562 $712 
All other operating segments
General corporate activities(56)(61)
Total operating income513 660 
Non-operating expense, net(61)(34)
Income before income taxes and equity in earnings of equity method investees452 626 
Income tax expense(110)(153)
Equity in earnings of equity method investees, net of taxes31 17 
Net income373 490 
Less: Net income attributable to noncontrolling interests18 21 
Net income attributable to Quest Diagnostics$355 $469 
Schedule of Revenues by Major Service Net revenues by major service were as follows:
Three Months Ended March 31,
20222021
Routine clinical testing and other services$1,066 $1,032 
COVID-19 testing services599 828 
Gene-based and esoteric (including advanced diagnostics) testing services739 653 
Anatomic pathology testing services137 130 
All other70 77 
Total net revenues$2,611 $2,720