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Medicare Part D
3 Months Ended
Mar. 31, 2012
Medicare Part D [Abstract]  
Medicare Part D

6. MEDICARE PART D

We cover prescription drug benefits in accordance with Medicare Part D under multiple contracts with the Centers for Medicare and Medicaid Services, or CMS. The condensed consolidated balance sheets include the following amounts associated with Medicare Part D at March 31, 2012 and December 31, 2011. The risk corridor settlement includes amounts classified as long-term because settlement associated with the 2012 provision will exceed 12 months at March 31, 2012.

 

                                 
     March 31, 2012     December 31, 2011  
   Risk
Corridor
Settlement
    CMS
Subsidies/

Discounts
    Risk
Corridor
Settlement
    CMS
Subsidies/

Discounts
 
     (in millions)  

Other current assets

   $ 36      $ 428      $ 2      $ 363   

Trade accounts payable and accrued expenses

     (324     (509     (331     (139
    

 

 

   

 

 

   

 

 

   

 

 

 

Net current (liability) asset

     (288     (81     (329     224   
    

 

 

   

 

 

   

 

 

   

 

 

 

Other long-term assets

     9        0        0        0   

Other long-term liabilities

     (60     0        0        0   
    

 

 

   

 

 

   

 

 

   

 

 

 

Net long-term liability

     (51     0        0        0   
    

 

 

   

 

 

   

 

 

   

 

 

 

Total net (liability) asset

   $ (339   $ (81   $ (329   $ 224