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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,491 $ 8,288
Fixed maturity securities (amortized cost of $25,773 and $25,879; allowance for credit losses of $21 and $6) 25,884 25,201
Equity securities 740 1,192
Premium receivables 10,073 8,011
Self-funded receivables 5,162 5,044
Other receivables 6,307 6,016
Other current assets 5,344 4,700
Assets held for sale 0 490
Total current assets 63,001 58,942
Long-term investments:    
Fixed maturity securities (amortized cost of $1,116 and $1,049; allowance for credit losses of $0 and $0) 1,121 1,035
Other invested assets 10,839 9,749
Property and equipment, net 4,679 4,652
Goodwill 28,344 28,277
Other intangible assets 11,200 12,094
Other noncurrent assets 2,310 2,140
Total assets 121,494 116,889
Current liabilities:    
Medical claims payable 17,084 15,746
Other policyholder liabilities 3,632 4,204
Unearned income 1,493 1,508
Accounts payable and accrued expenses 7,322 6,927
Short-term borrowings 150 365
Current portion of long-term debt 1,099 1,649
Other current liabilities 10,255 10,029
Liabilities held for sale 0 153
Total current liabilities 41,035 40,581
Long-term debt, less current portion 30,797 29,218
Reserves for future policy benefits 145 190
Deferred tax liabilities, net 2,110 2,148
Other noncurrent liabilities 3,381 3,326
Total liabilities 77,468 75,463
Commitments and Contingencies—Note 14
Shareholders’ equity    
Preferred stock, without par value, shares authorized - 100,000,000; shares issued and outstanding - none 0 0
Common stock, par value $0.01, shares authorized - 900,000,000; shares issued and outstanding - 220,723,898 and 227,479,695 2 2
Additional paid-in capital 8,938 8,911
Retained earnings 35,393 33,549
Accumulated other comprehensive loss (451) (1,147)
Total shareholders’ equity 43,882 41,315
Noncontrolling interests 144 111
Total equity 44,026 41,426
Total liabilities and equity $ 121,494 $ 116,889