2023 Q3 Form 10-Q Financial Statement
#000102207923000136 Filed on July 27, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $2.295B | $2.338B |
YoY Change | -7.68% | 116800.0% |
Cost Of Revenue | $1.541B | $1.546B |
YoY Change | -4.76% | -4.03% |
Gross Profit | $754.0M | $792.0M |
YoY Change | -13.13% | -149.22% |
Gross Profit Margin | 32.85% | 33.88% |
Selling, General & Admin | $380.0M | $409.0M |
YoY Change | -18.1% | -3.08% |
% of Gross Profit | 50.4% | 51.64% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $111.0M | $112.0M |
YoY Change | 2.78% | 4.67% |
% of Gross Profit | 14.72% | 14.14% |
Operating Expenses | $380.0M | $437.0M |
YoY Change | -18.1% | 3.55% |
Operating Profit | $342.0M | $355.0M |
YoY Change | -12.76% | -8.51% |
Interest Expense | $41.00M | -$37.00M |
YoY Change | 10.81% | -197.37% |
% of Operating Profit | 11.99% | -10.42% |
Other Income/Expense, Net | -$43.00M | $6.000M |
YoY Change | 4.88% | -109.23% |
Pretax Income | $299.0M | $317.0M |
YoY Change | -14.81% | -1.86% |
Income Tax | $68.00M | $75.00M |
% Of Pretax Income | 22.74% | 23.66% |
Net Earnings | $225.0M | $234.0M |
YoY Change | -12.11% | 0.0% |
Net Earnings / Revenue | 9.8% | 10.01% |
Basic Earnings Per Share | $1.99 | $2.08 |
Diluted Earnings Per Share | $1.96 | $2.05 |
COMMON SHARES | ||
Basic Shares Outstanding | 112.2M shares | 112.0M shares |
Diluted Shares Outstanding | 114.0M shares | 114.0M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $143.0M | $126.0M |
YoY Change | -79.57% | -84.05% |
Cash & Equivalents | $143.0M | $126.0M |
Short-Term Investments | ||
Other Short-Term Assets | $207.0M | $188.0M |
YoY Change | 21.05% | 20.51% |
Inventory | $184.0M | $184.0M |
Prepaid Expenses | ||
Receivables | $1.281B | $1.235B |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $1.815B | $1.733B |
YoY Change | -22.24% | -28.57% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.830B | $2.425B |
YoY Change | 7.21% | 45.73% |
Goodwill | $7.732B | $7.733B |
YoY Change | 7.54% | 7.48% |
Intangibles | $1.219B | $1.247B |
YoY Change | 9.33% | 9.0% |
Long-Term Investments | $130.0M | $135.0M |
YoY Change | -5.8% | -8.16% |
Other Assets | $149.0M | $152.0M |
YoY Change | 12.88% | 10.95% |
Total Long-Term Assets | $11.67B | $11.69B |
YoY Change | 7.14% | 7.4% |
TOTAL ASSETS | ||
Total Short-Term Assets | $1.815B | $1.733B |
Total Long-Term Assets | $11.67B | $11.69B |
Total Assets | $13.48B | $13.43B |
YoY Change | 1.96% | 0.85% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.157B | $1.201B |
YoY Change | -20.04% | -15.42% |
Accrued Expenses | $157.0M | $156.0M |
YoY Change | 2.61% | 0.65% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $304.0M | $518.0M |
YoY Change | 15100.0% | 25800.0% |
Total Short-Term Liabilities | $1.618B | $1.875B |
YoY Change | 1.0% | 18.9% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.946B | $3.777B |
YoY Change | -0.85% | -5.17% |
Other Long-Term Liabilities | $874.0M | $1.409B |
YoY Change | 11.05% | 93.54% |
Total Long-Term Liabilities | $874.0M | $5.186B |
YoY Change | 11.05% | 612.36% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.618B | $1.875B |
Total Long-Term Liabilities | $874.0M | $5.186B |
Total Liabilities | $2.492B | $7.176B |
YoY Change | 4.31% | 211.32% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $8.711B | $8.566B |
YoY Change | 5.42% | 5.98% |
Common Stock | $2.304B | $2.286B |
YoY Change | 1.32% | 1.51% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $4.570B | $4.587B |
YoY Change | 7.0% | 17.59% |
Treasury Stock Shares | ||
Shareholders Equity | $6.425B | $6.249B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $13.48B | $13.43B |
YoY Change | 1.96% | 0.85% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $225.0M | $234.0M |
YoY Change | -12.11% | 0.0% |
Depreciation, Depletion And Amortization | $111.0M | $112.0M |
YoY Change | 2.78% | 4.67% |
Cash From Operating Activities | $207.0M | $444.0M |
YoY Change | -58.76% | 10.45% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $105.0M | $104.0M |
YoY Change | -188.98% | -236.84% |
Acquisitions | $2.000M | $578.0M |
YoY Change | 57700.0% | |
Other Investing Activities | -$2.000M | -$578.0M |
YoY Change | 9533.33% | |
Cash From Investing Activities | -$107.0M | -$682.0M |
YoY Change | -9.32% | 731.71% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -83.00M | 189.0M |
YoY Change | -82.49% | -178.1% |
NET CHANGE | ||
Cash From Operating Activities | 207.0M | 444.0M |
Cash From Investing Activities | -107.0M | -682.0M |
Cash From Financing Activities | -83.00M | 189.0M |
Net Change In Cash | 17.00M | -49.00M |
YoY Change | -118.89% | -162.82% |
FREE CASH FLOW | ||
Cash From Operating Activities | $207.0M | $444.0M |
Capital Expenditures | $105.0M | $104.0M |
Free Cash Flow | $102.0M | $340.0M |
YoY Change | -83.55% | -28.87% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6287000000 | usd |
CY2023Q2 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
77000000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6415000000 | usd |
CY2022Q1 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
78000000 | usd |
CY2022Q2 | us-gaap |
Temporary Equity Net Income
TemporaryEquityNetIncome
|
2000000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-7000000 | usd |
CY2022Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
77000000 | usd |
CY2022Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
13000000 | usd |
CY2022Q2 | dgx |
Temporaryequity Noncontrollinginterest Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryequityNoncontrollinginterestDecreasefromDistributionstoNoncontrollingInterestHolders
|
3000000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
7000000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
19000000 | usd |
CY2022Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
200000000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6450000000 | usd |
CY2022Q2 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
77000000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6483000000 | usd |
CY2021Q4 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
79000000 | usd |
dgx |
Net Income Loss Excluding Redeemable Noncontrolling Interest
NetIncomeLossExcludingRedeemableNoncontrollingInterest
|
619000000 | usd | |
us-gaap |
Temporary Equity Net Income
TemporaryEquityNetIncome
|
4000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-9000000 | usd | |
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
155000000 | usd | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
30000000 | usd | |
dgx |
Temporaryequity Noncontrollinginterest Decreasefrom Distributionsto Noncontrolling Interest Holders
TemporaryequityNoncontrollinginterestDecreasefromDistributionstoNoncontrollingInterestHolders
|
6000000 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
14000000 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
37000000 | usd | |
us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
68000000 | usd | |
us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
27000000 | usd | |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
550000000 | usd | |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6450000000 | usd |
CY2022Q2 | us-gaap |
Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
|
77000000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
DESCRIPTION OF BUSINESS<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Background</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </span></div> Quest Diagnostics Incorporated and its subsidiaries ("Quest Diagnostics" or the "Company") empower people to take action to improve health outcomes. The Company uses its extensive database of clinical lab results to derive diagnostic insights that reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. The Company's diagnostic information services business ("DIS") provides information and insights based on an industry-leading menu of routine, non-routine and advanced clinical testing and anatomic pathology testing, and other diagnostic information services. The Company provides services to a broad range of customers, including patients, clinicians, hospitals, independent delivery networks ("IDNs"), health plans, employers, consumers, and accountable care organizations ("ACOs"). The Company offers the broadest access in the United States to diagnostic information services through its nationwide network of laboratories, patient service centers and phlebotomists in physician offices and the Company's connectivity resources, including call centers and mobile paramedics, nurses and other health and wellness professionals. The Company is the world's leading provider of diagnostic information services. The Company provides interpretive consultation with one of the largest medical and scientific staffs in the industry. The Company's Diagnostic Solutions businesses ("DS") are the leading provider of risk assessment services for the life insurance industry and offer healthcare organizations and clinicians robust information technology solutions. | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
235000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
234000000 | usd |
CY2023Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
1000000 | usd |
CY2022Q2 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
|
1000000 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
234000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
233000000 | usd |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
112000000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
117000000 | shares |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2000000 | shares |
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
2000000 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
114000000 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
119000000 | shares |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.08 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.00 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.05 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.96 | |
CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1000000 | shares |
CY2023Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.71 | |
CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.71 | |
CY2022Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.66 | |
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.66 | |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.66 | |
us-gaap |
Business Combination Consideration Transferred1
BusinessCombinationConsiderationTransferred1
|
697000000 | usd | |
us-gaap |
Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
|
511000000 | usd | |
CY2023Q2 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
|
242000000 | usd |
CY2023Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
4000000000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
3700000000 | usd |
CY2022Q4 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.66 | |
CY2023Q1 | dgx |
Stock Repurchase Program Additional Amount Authorized
StockRepurchaseProgramAdditionalAmountAuthorized
|
1000000000 | usd |
CY2023Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
1300000000 | usd |
us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
900000 | shares | |
us-gaap |
Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
|
1200000 | shares | |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
84000000 | usd |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
80000000 | usd |
us-gaap |
Depreciation
Depreciation
|
165000000 | usd | |
us-gaap |
Depreciation
Depreciation
|
159000000 | usd | |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
28000000 | usd |
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
27000000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
54000000 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
54000000 | usd | |
CY2023Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
112000000 | usd |
CY2022Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
107000000 | usd |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
219000000 | usd | |
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
213000000 | usd | |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
39000000 | usd |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
38000000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
76000000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
75000000 | usd | |
CY2023Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
2000000 | usd |
CY2022Q2 | us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
2000000 | usd |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
4000000 | usd | |
us-gaap |
Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
|
2000000 | usd | |
CY2023Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-37000000 | usd |
CY2022Q2 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-36000000 | usd |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-72000000 | usd | |
us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-73000000 | usd | |
CY2023Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
48000000 | usd |
CY2022Q2 | us-gaap |
Interest Paid Net
InterestPaidNet
|
46000000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
80000000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
78000000 | usd | |
CY2023Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
101000000 | usd |
CY2022Q2 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
159000000 | usd |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
134000000 | usd | |
us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
182000000 | usd | |
CY2023Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
29000000 | usd |
CY2022Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
23000000 | usd |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
29000000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
23000000 | usd | |
CY2023Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
81000000 | usd |
CY2022Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
77000000 | usd |
CY2023Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
81000000 | usd |
CY2022Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
77000000 | usd |
CY2023Q2 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
703000000 | usd |
CY2022Q2 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
1000000 | usd |
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
734000000 | usd | |
us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
143000000 | usd | |
CY2023Q2 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
36000000 | usd |
CY2022Q2 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
0 | usd |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
36000000 | usd | |
us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
15000000 | usd | |
CY2023Q2 | dgx |
Fair Value Of Net Assets Acquired
FairValueOfNetAssetsAcquired
|
667000000 | usd |
CY2022Q2 | dgx |
Fair Value Of Net Assets Acquired
FairValueOfNetAssetsAcquired
|
1000000 | usd |
dgx |
Fair Value Of Net Assets Acquired
FairValueOfNetAssetsAcquired
|
698000000 | usd | |
dgx |
Fair Value Of Net Assets Acquired
FairValueOfNetAssetsAcquired
|
128000000 | usd | |
CY2023Q2 | dgx |
Merger Consideration Paid Payable Net
MergerConsiderationPaidPayableNet
|
-88000000 | usd |
CY2022Q2 | dgx |
Merger Consideration Paid Payable Net
MergerConsiderationPaidPayableNet
|
0 | usd |
dgx |
Merger Consideration Paid Payable Net
MergerConsiderationPaidPayableNet
|
-88000000 | usd | |
dgx |
Merger Consideration Paid Payable Net
MergerConsiderationPaidPayableNet
|
-18000000 | usd | |
CY2023Q2 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
579000000 | usd |
CY2022Q2 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
1000000 | usd |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
610000000 | usd | |
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
110000000 | usd | |
CY2023Q2 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
1000000 | usd |
CY2022Q2 | us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
0 | usd |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
1000000 | usd | |
us-gaap |
Cash Acquired From Acquisition
CashAcquiredFromAcquisition
|
4000000 | usd | |
CY2023Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
578000000 | usd |
CY2022Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
1000000 | usd |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
609000000 | usd | |
us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
106000000 | usd | |
CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
57000000 | usd |
CY2022Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
21000000 | usd |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
101000000 | usd | |
us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
84000000 | usd | |
CY2023Q2 | us-gaap |
Malpractice Loss Contingency Accrual Undiscounted
MalpracticeLossContingencyAccrualUndiscounted
|
161000000 | usd |
CY2022Q4 | us-gaap |
Malpractice Loss Contingency Accrual Undiscounted
MalpracticeLossContingencyAccrualUndiscounted
|
169000000 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2338000000 | usd |
CY2022Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
2453000000 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
4669000000 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5064000000 | usd | |
CY2023Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
348000000 | usd |
CY2022Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
388000000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
653000000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
901000000 | usd | |
CY2023Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-31000000 | usd |
CY2022Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-65000000 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-59000000 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-126000000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
317000000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
323000000 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
594000000 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
775000000 | usd | |
CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
75000000 | usd |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
77000000 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
140000000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
187000000 | usd | |
CY2023Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
7000000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
4000000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
12000000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
35000000 | usd | |
CY2023Q2 | us-gaap |
Profit Loss
ProfitLoss
|
249000000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
250000000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
466000000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
623000000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
14000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
16000000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
29000000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
34000000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
235000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
234000000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
437000000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
589000000 | usd | |
CY2023Q2 | dgx |
Revenue From Contract With Customer Excluding Assessed Tax Percent
RevenueFromContractWithCustomerExcludingAssessedTaxPercent
|
1 | |
CY2022Q2 | dgx |
Revenue From Contract With Customer Excluding Assessed Tax Percent
RevenueFromContractWithCustomerExcludingAssessedTaxPercent
|
1 | |
dgx |
Revenue From Contract With Customer Excluding Assessed Tax Percent
RevenueFromContractWithCustomerExcludingAssessedTaxPercent
|
1 | ||
dgx |
Revenue From Contract With Customer Excluding Assessed Tax Percent
RevenueFromContractWithCustomerExcludingAssessedTaxPercent
|
1 | ||
CY2023Q2 | dgx |
Percentageof Net Revenues
PercentageofNetRevenues
|
1 | |
CY2022Q2 | dgx |
Percentageof Net Revenues
PercentageofNetRevenues
|
1 | |
dgx |
Percentageof Net Revenues
PercentageofNetRevenues
|
1 | ||
dgx |
Percentageof Net Revenues
PercentageofNetRevenues
|
1 | ||
CY2023Q2 | dgx |
Percentageof Net Accounts Receivable
PercentageofNetAccountsReceivable
|
1 | |
CY2022Q4 | dgx |
Percentageof Net Accounts Receivable
PercentageofNetAccountsReceivable
|
1 | |
CY2023Q1 | dgx |
Stock Repurchase Program Additional Amount Authorized
StockRepurchaseProgramAdditionalAmountAuthorized
|
1000000000 | usd |