GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for our reportable segments for the nine months ended September 30, 2024 were as follows:

	Insurance		CenterWell		Total
	(in millions)
Balance at January 1, 2024	$	2,663	$	6,887	$	9,550
Acquisitions	—		40		40
Balance at September 30, 2024	$	2,663	$	6,927	$	9,590

The following table presents details of our other intangible assets included in other long-term assets in the accompanying condensed consolidated balance sheets at September 30, 2024 and December 31, 2023:

		September 30, 2024						December 31, 2023
	Weighted Average Life	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
		($ in millions)
Other intangible assets:
Certificates of need	Indefinite	$	1,092	$	—	$	1,092	$	1,092	$	—	$	1,092
Medicare licenses	Indefinite	288		—		288		288		—		288
Customer contracts/     relationships	9.4 years	956		749		207		956		718		238
Trade names and     technology	6.7 years	139		116		23		139		109		30
Provider contracts	11.9 years	67		63		4		67		62		5
Noncompetes and     other	8.4 years	85		49		36		84		44		40
Total other intangible     assets	9.2 years	$	2,627	$	977	$	1,650	$	2,626	$	933	$	1,693

    For the three months ended September 30, 2024 and 2023, amortization expense for other intangible assets was approximately $15 million and $17 million, respectively. For the nine months ended September 30, 2024 and 2023, amortization expense for other intangible assets was approximately $46 million and $51 million, respectively. The following table presents our estimate of amortization expense remaining for 2024 and each of the next five succeeding years at September 30, 2024:

	(in millions)
For the years ending December 31,
2024	$	15
2025	58
2026	43
2027	33
2028	29
2029	27

For additional information regarding our goodwill and intangible assets, refer to Note 2 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" in our 2023 Form 10-K.