Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures (Tables)

v3.22.2
Acquisitions and Divestitures (Tables)
6 Months Ended
Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Schedule of Allocation of the Fair Value of Assets Acquired and Liabilities Assumed
The Company's preliminary allocation of the fair value of assets acquired and liabilities assumed as of the acquisition date of January 4, 2022 is as follows ($ in millions):
Assets acquired and liabilities assumed  
Cash and cash equivalents
$ 997 
Premium and related receivables
855 
Short-term investments
144 
Other current assets
225 
Long-term investments
43 
Restricted deposits
Property, software and equipment
90 
Intangible assets (a)
600 
Other long-term assets 50 
Total assets acquired 3,011 
Medical claims liability 249 
Accounts payable and accrued expenses 495 
Return of premium payable 75 
Unearned revenue
Current portion of long-term debt
Long-term debt (b)
542 
Deferred tax liabilities (c)
81 
Other long-term liabilities 68 
Total liabilities assumed 1,523 
Mezzanine equity 32 
Total identifiable net assets 1,456 
Goodwill (d)
1,105 
Total assets acquired and liabilities assumed
$ 2,561 
Schedule of Preliminary Fair Values and Weighted Average Useful Lives for Identifiable Intangible Assets Acquired
The preliminary fair values and weighted average useful lives for identifiable intangible assets acquired are as follows:
Fair Value Weighted Average Useful Life (in years)
Purchased contract rights $ 400 
Provider contracts 100 
Trade names 50 
Developed technologies 50 
Total intangible assets acquired $ 600  12