Quarterly report pursuant to Section 13 or 15(d)

Acquisitions and Divestitures (Tables)

v3.22.2.2
Acquisitions and Divestitures (Tables)
9 Months Ended
Sep. 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
$ 998 
Premium and related receivables
791 
Short-term investments
144 
Other current assets
194 
Long-term investments
43 
Restricted deposits
Property, software and equipment
90 
Intangible assets (a)
751 
Other long-term assets 50 
Total assets acquired 3,068 
Medical claims liability 247 
Accounts payable and accrued expenses 495 
Return of premium payable 53 
Unearned revenue
Current portion of long-term debt
Long-term debt (b)
542 
Deferred tax liabilities (c)
123 
Other long-term liabilities 69 
Total liabilities assumed 1,542 
Mezzanine equity 32 
Total identifiable net assets 1,494 
Goodwill (d)
997 
Total assets acquired and liabilities assumed $ 2,491 
Schedule of Preliminary Fair Values and Weighted Average Useful Lives for Identifiable Intangible Assets Acquired
The 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 $ 470  13
Provider contracts 100  15
Trade names 80  17
Developed technologies 101  5
Total intangible assets acquired $ 751  13