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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets:    
Cash and cash equivalents $ 8,453 $ 8,586
Investments 2,145 2,407
Accounts receivable, net 39,779 36,469
Inventories 19,246 18,107
Other current assets 5,091 3,076
Total current assets 74,714 68,645
Long-term investments 32,669 28,934
Property and equipment, net 13,083 12,993
Operating lease right-of-use assets 14,973 15,944
Goodwill 85,478 91,272
Intangible assets, net 25,508 27,323
Separate accounts assets 1,994 3,311
Other assets 5,119 4,793
Total assets 253,538 253,215
Liabilities:    
Accounts payable 17,641 15,892
Pharmacy claims and discounts payable 26,344 24,166
Health care costs payable 15,399 15,064
Accrued expenses and other current liabilities 22,387 20,810
Other insurance liabilities 1,116 1,183
Current portion of operating lease liabilities 1,737 1,751
Short-term debt 0 2,119
Current portion of long-term debt 4,068 3,624
Total current liabilities 88,692 84,609
Long-term operating lease liabilities 13,643 14,899
Long-term debt 60,502 60,527
Deferred income taxes 3,832 3,806
Separate accounts liabilities 1,994 3,311
Other long-term insurance liabilities 4,716 4,902
Other long-term liabilities 4,777 5,431
Total liabilities 178,156 177,485
Commitments and contingencies (Note 18)
Shareholders’ equity:    
Preferred stock, par value $0.01: 0.1 shares authorized; none issued or outstanding 0 0
Common stock, par value $0.01: 3,200 shares authorized; 1,787 shares issued and 1,271 shares outstanding at December 31, 2025 and 1,778 shares issued and 1,260 shares outstanding at December 31, 2024 and capital surplus 50,402 49,661
Treasury stock, at cost: 516 and 518 shares at December 31, 2025 and 2024 (36,790) (36,818)
Retained earnings 61,196 62,837
Accumulated other comprehensive income (loss) 406 (120)
Total CVS Health shareholders’ equity 75,214 75,560
Noncontrolling interests 168 170
Total shareholders’ equity 75,382 75,730
Total liabilities and shareholders’ equity $ 253,538 $ 253,215