Rendering
Component: (Network and Table) |
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Network | 2312301 - Disclosure - Income Taxes (Tables) (http://www.antheminc.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001156039 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Income Tax Disclosure [Abstract] | |
Components Of Deferred Income Taxes | The components of deferred income taxes at December 31 are as follows: | | | | | | | | | | 2016 | | 2015 | Deferred tax assets relating to: | | | | Retirement benefits | $ | 362.9 |
| | $ | 364.8 |
| Accrued expenses | 331.9 |
| | 344.6 |
| Insurance reserves | 229.5 |
| | 247.1 |
| Net operating loss carryforwards | 9.2 |
| | 18.1 |
| Bad debt reserves | 119.6 |
| | 154.8 |
| State income tax | 59.8 |
| | 43.4 |
| Deferred compensation | 38.2 |
| | 40.1 |
| Investment basis difference | 42.4 |
| | 62.2 |
| Other | 110.5 |
| | 68.4 |
| Total deferred tax assets | 1,304.0 |
| | 1,343.5 |
| Deferred tax liabilities relating to: | | | | Unrealized gains on securities | 202.9 |
| | 127.8 |
| Intangible assets: | | | | Trademarks and state Medicaid licenses | 2,547.6 |
| | 2,547.6 |
| Customer, provider and hospital relationships | 194.1 |
| | 269.2 |
| Internally developed software and other amortization differences | 450.5 |
| | 436.6 |
| Retirement benefits | 267.3 |
| | 252.7 |
| Debt discount | 60.8 |
| | 61.9 |
| State deferred tax | 106.0 |
| | 36.4 |
| Depreciation and amortization | 54.1 |
| | 44.2 |
| Other | 200.6 |
| | 197.7 |
| Total deferred tax liabilities | 4,083.9 |
| | 3,974.1 |
| Net deferred tax liability | $ | (2,779.9 | ) | | $ | (2,630.6 | ) |
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Components Of Provision For Income Taxes | Significant components of the provision for income taxes for the years ended December 31 consist of the following: | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Current tax expense: | | | | | | Federal | $ | 1,862.6 |
| | $ | 1,996.6 |
| | $ | 1,629.4 |
| State and local | 93.9 |
| | 133.0 |
| | 65.8 |
| Total current tax expense | 1,956.5 |
| | 2,129.6 |
| | 1,695.2 |
| Deferred tax expense (benefit) | 129.1 |
| | (58.6 | ) | | 112.8 |
| Total income tax expense | $ | 2,085.6 |
| | $ | 2,071.0 |
| | $ | 1,808.0 |
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Reconciliation Of Income Tax Expense Computed At The Statutory Federal Income Tax Rate | A reconciliation of income tax expense recorded in the consolidated statements of income and amounts computed at the statutory federal income tax rate for the years ended December 31 is as follows: | | | | | | | | | | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | | Amount | | Percent | | Amount | | Percent | | Amount | | Percent | Amount at statutory rate | $ | 1,594.4 |
| | 35.0 | % | | $ | 1,620.9 |
| | 35.0 | % | | $ | 1,528.8 |
| | 35.0 | % | State and local income taxes net of federal tax benefit | 61.5 |
| | 1.4 |
| | 75.3 |
| | 1.6 |
| | 49.0 |
| | 1.1 |
| Tax exempt interest and dividends received deduction | (61.7 | ) | | (1.4 | ) | | (63.2 | ) | | (1.3 | ) | | (65.9 | ) | | (1.5 | ) | HIP Fee | 411.7 |
| | 9.0 |
| | 422.6 |
| | 9.1 |
| | 312.6 |
| | 7.2 |
| Other, net | 79.7 |
| | 1.8 |
| | 15.4 |
| | 0.3 |
| | (16.5 | ) | | (0.4 | ) | Total income tax expense | $ | 2,085.6 |
| | 45.8 | % | | $ | 2,071.0 |
| | 44.7 | % | | $ | 1,808.0 |
| | 41.4 | % |
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Change In The Carrying Amount Of Gross Unrecognized Tax Benefits From Uncertain Tax Positions | The change in the carrying amount of gross unrecognized tax benefits from uncertain tax positions for the years ended December 31 is as follows: | | | | | | | | | | 2016 | | 2015 | Balance at January 1 | $ | 212.0 |
| | $ | 115.8 |
| Additions based on: | | | | Tax positions related to current year | — |
| | 39.8 |
| Tax positions related to prior years | 13.9 |
| | 65.1 |
| Reductions based on: | | | | Tax positions related to current year | (1.1 | ) | | — |
| Tax positions related to prior years | (88.4 | ) | | (7.9 | ) | Settlements with taxing authorities | (5.3 | ) | | (0.8 | ) | Balance at December 31 | $ | 131.1 |
| | $ | 212.0 |
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