CVS Health Corp., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	67,858)	65,682)	60,008)	56,369)	50,302)
Adjustments
Add: Allowance for credit losses	343)	333)	339)	358)	319)
After Adjustment
Adjusted current assets	68,201)	66,015)	60,347)	56,727)	50,621)

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CVS Health Corp., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	249,728)	228,275)	232,999)	230,715)	222,449)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for credit losses	343)	333)	339)	358)	319)
Less: Deferred income tax assets²	—)	131)	—)	—)	—)
After Adjustment
Adjusted total assets	250,071)	228,477)	233,338)	231,073)	222,768)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred income tax assets. See details »

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CVS Health Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	173,092)	156,960)	157,618)	161,014)	158,279)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred income tax liabilities²	4,311)	3,880)	6,270)	6,794)	7,294)
Less: Restructuring charge liability	150)	—)	—)	—)	—)
After Adjustment
Adjusted total liabilities	168,631)	153,080)	151,348)	154,220)	150,985)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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CVS Health Corp., adjusted total CVS Health shareholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total CVS Health shareholders’ equity	76,461)	71,015)	75,075)	69,389)	63,864)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(4,311)	(3,749)	(6,270)	(6,794)	(7,294)
Add: Allowance for credit losses	343)	333)	339)	358)	319)
Add: Restructuring charge liability	150)	—)	—)	—)	—)
Add: Noncontrolling interests	175)	300)	306)	312)	306)
After Adjustment
Adjusted total shareholders’ equity	81,440)	75,397)	81,990)	76,853)	71,783)

¹ Net deferred income tax assets (liabilities). See details »

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CVS Health Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Short-term debt	200)	—)	—)	—)	—)
Current portion of long-term debt	2,772)	1,778)	4,205)	5,440)	3,781)
Long-term debt, excluding current portion	58,638)	50,476)	51,971)	59,207)	64,699)
Total reported debt	61,610)	52,254)	56,176)	64,647)	68,480)
Total CVS Health shareholders’ equity	76,461)	71,015)	75,075)	69,389)	63,864)
Total reported capital	138,071)	123,269)	131,251)	134,036)	132,344)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current portion of operating lease liabilities²	1,741)	1,678)	1,646)	1,638)	1,596)
Add: Long-term operating lease liabilities³	16,034)	16,800)	18,177)	18,757)	18,926)
Adjusted total debt	79,385)	70,732)	75,999)	85,042)	89,002)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)⁴	(4,311)	(3,749)	(6,270)	(6,794)	(7,294)
Add: Allowance for credit losses	343)	333)	339)	358)	319)
Add: Restructuring charge liability	150)	—)	—)	—)	—)
Add: Noncontrolling interests	175)	300)	306)	312)	306)
Adjusted total shareholders’ equity	81,440)	75,397)	81,990)	76,853)	71,783)
After Adjustment
Adjusted total capital	160,825)	146,129)	157,989)	161,895)	160,785)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current portion of operating lease liabilities. See details »

³ Long-term operating lease liabilities. See details »

⁴ Net deferred income tax assets (liabilities). See details »

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CVS Health Corp., adjusted net income attributable to CVS Health

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income attributable to CVS Health	8,344)	4,149)	7,910)	7,179)	6,634)
Adjustments
Add: Deferred income tax expense (benefit)¹	(676)	(2,075)	(428)	(564)	(649)
Add: Increase (decrease) in allowance for credit losses	10)	(6)	(19)	39)	32)
Add: Increase (decrease) in restructuring charge liability	150)	—)	—)	—)	—)
Less: Loss from discontinued operations, net of tax	—)	—)	—)	(9)	—)
Add: Other comprehensive income (loss), net of tax	967)	(2,430)	(449)	395)	917)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	24)	16)	(12)	13)	(3)
After Adjustment
Adjusted net income	8,819)	(346)	7,002)	7,071)	6,931)

¹ Deferred income tax expense (benefit). See details »

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CVS Health Corp. (NYSE:CVS)

Adjustments to Financial Statements