2014 Q1 Form 10-Q Financial Statement

#000115603914000005 Filed on April 30, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $17.86B $17.58B
YoY Change 1.61% 14.02%
Cost Of Revenue $13.66B $65.00M
YoY Change 20922.46%
Gross Profit $4.195B $17.51B
YoY Change -76.04% 13.6%
Gross Profit Margin 23.49% 99.63%
Selling, General & Admin $2.862B $2.329B
YoY Change 22.86% 7.54%
% of Gross Profit 68.22% 13.3%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.40M $25.30M
YoY Change 4.35% 7.66%
% of Gross Profit 0.63% 0.14%
Operating Expenses $2.862B $2.329B
YoY Change 22.86% 7.54%
Operating Profit $1.119B $1.357B
YoY Change -17.58% 11.93%
Interest Expense $146.2M $153.5M
YoY Change -4.76% 40.7%
% of Operating Profit 13.07% 11.31%
Other Income/Expense, Net
YoY Change
Pretax Income $1.130B $1.283B
YoY Change -11.88% -2.08%
Income Tax $438.7M $410.2M
% Of Pretax Income 38.82% 31.98%
Net Earnings $701.0M $885.2M
YoY Change -20.81% 3.35%
Net Earnings / Revenue 3.93% 5.04%
Basic Earnings Per Share $2.46 $2.92
Diluted Earnings Per Share $2.40 $2.89
COMMON SHARES
Basic Shares Outstanding 284.9M shares 303.2M shares
Diluted Shares Outstanding 292.6M shares 305.9M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $19.98B $19.48B
YoY Change 2.55% 5.43%
Cash & Equivalents $1.971B $1.660B
Short-Term Investments $18.00B $17.82B
Other Short-Term Assets $2.418B $1.891B
YoY Change 27.85% -1.54%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $31.81B $28.66B
YoY Change 10.98% 4.06%
LONG-TERM ASSETS
Property, Plant & Equipment $1.812B $1.738B
YoY Change 4.23% 19.49%
Goodwill $16.92B $17.49B
YoY Change -3.28% 26.2%
Intangibles $8.387B $9.056B
YoY Change -7.38% 14.95%
Long-Term Investments $22.12B $21.17B
YoY Change 4.48% 12.87%
Other Assets $635.8M $483.3M
YoY Change 31.55% 8.44%
Total Long-Term Assets $29.88B $30.75B
YoY Change -2.83% 23.22%
TOTAL ASSETS
Total Short-Term Assets $31.81B $28.66B
Total Long-Term Assets $29.88B $30.75B
Total Assets $61.69B $59.41B
YoY Change 3.83% 13.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.113B $2.937B
YoY Change 40.04% 4.52%
Accrued Expenses $98.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $590.0M $350.0M
YoY Change 68.57% 250.0%
Long-Term Debt Due $518.7M $399.4M
YoY Change 29.87% -56.15%
Total Short-Term Liabilities $18.49B $16.03B
YoY Change 15.37% 0.47%
LONG-TERM LIABILITIES
Long-Term Debt $13.93B $14.03B
YoY Change -0.7% 65.79%
Other Long-Term Liabilities $832.4M $971.8M
YoY Change -14.34% -5.19%
Total Long-Term Liabilities $14.76B $15.00B
YoY Change -1.58% 58.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.49B $16.03B
Total Long-Term Liabilities $14.76B $15.00B
Total Liabilities $37.34B $35.09B
YoY Change 6.41% 21.14%
SHAREHOLDERS EQUITY
Retained Earnings $14.01B $13.28B
YoY Change 5.55% 11.36%
Common Stock $2.900M $3.000M
YoY Change -3.33% -9.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $24.35B $24.32B
YoY Change
Total Liabilities & Shareholders Equity $61.69B $59.41B
YoY Change 3.83% 13.17%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $701.0M $885.2M
YoY Change -20.81% 3.35%
Depreciation, Depletion And Amortization $26.40M $25.30M
YoY Change 4.35% 7.66%
Cash From Operating Activities $1.388B $956.9M
YoY Change 45.0% -21.76%
INVESTING ACTIVITIES
Capital Expenditures $135.7M $107.5M
YoY Change 26.23% -13.17%
Acquisitions $0.00 $0.00
YoY Change -100.0%
Other Investing Activities $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$744.3M -$1.196B
YoY Change -37.75% -6048.26%
FINANCING ACTIVITIES
Cash Dividend Paid $123.4M $113.4M
YoY Change 8.82% 18.37%
Common Stock Issuance & Retirement, Net $1.263B $340.2M
YoY Change 271.19% -49.96%
Debt Paid & Issued, Net $24.20M $556.9M
YoY Change -95.65% 58.75%
Cash From Financing Activities -$258.6M -$579.1M
YoY Change -55.34% -50.38%
NET CHANGE
Cash From Operating Activities $1.388B $956.9M
Cash From Investing Activities -$744.3M -$1.196B
Cash From Financing Activities -$258.6M -$579.1M
Net Change In Cash $384.6M -$817.8M
YoY Change -147.03% -1173.23%
FREE CASH FLOW
Cash From Operating Activities $1.388B $956.9M
Capital Expenditures $135.7M $107.5M
Free Cash Flow $1.252B $849.4M
YoY Change 47.37% -22.73%

Facts In Submission

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CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
900000 USD
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Other Comprehensive Income Loss
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10000000 USD
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Purchases
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18300000 USD
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2500000 USD
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
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2800000 USD
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
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10900000 USD
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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0 USD
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
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13100000 USD
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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6500000 USD
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
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2900000 USD
CY2012Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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155500000 USD
CY2013Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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177900000 USD
CY2013Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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161900000 USD
CY2014Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
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196700000 USD
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CY2013Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
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0 USD
CY2014Q1 us-gaap Gains Losses On Extinguishment Of Debt
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1943200000 USD
CY2014Q1 us-gaap General And Administrative Expense
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2490700000 USD
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CY2014Q1 us-gaap Goodwill
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0 USD
CY2014Q1 us-gaap Impairment Of Long Lived Assets Held For Use
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2100000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations
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872300000 USD
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691400000 USD
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1130100000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1282500000 USD
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1282500000 USD
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1130100000 USD
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2.43
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Basic Share
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2.88
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2.37
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2.85
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9600000 USD
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
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12900000 USD
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0.04
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0.03
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0.03
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0.04
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410200000 USD
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438700000 USD
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80500000 USD
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0 USD
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235700000 USD
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435600000 USD
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356000000 USD
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12900000 USD
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354900000 USD
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545600000 USD
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70900000 USD
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58600000 USD
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69500000 USD
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10500000 USD
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24500000 USD
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107400000 USD
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35100000 USD
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30400000 USD
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75000000 USD
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397700000 USD
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354900000 USD
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12800000 USD
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14600000 USD
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8200000 USD
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250000000 USD
CY2013Q1 us-gaap Increase Decrease In Unearned Premiums
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CY2014Q1 us-gaap Liabilities
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59574500000 USD
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0 USD
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181400000 USD
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6127200000 USD
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CY2014Q1 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">References to the terms &#8220;we&#8221;, &#8220;our&#8221;, &#8220;us&#8221;, &#8220;WellPoint&#8221; or the &#8220;Company&#8221; used throughout these Notes to Consolidated Financial Statements refer to WellPoint, Inc., an Indiana corporation, and unless the context otherwise requires, its direct and indirect subsidiaries.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are one of the largest health benefits companies in terms of medical membership in the United States, serving </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">36.9</font><font style="font-family:inherit;font-size:10pt;"> medical members through our affiliated health plans and approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">66.8</font><font style="font-family:inherit;font-size:10pt;"> individuals through our subsidiaries as of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">March&#160;31, 2014</font><font style="font-family:inherit;font-size:10pt;">. We offer a broad spectrum of network-based managed care plans to large and small employer, individual, Medicaid and Medicare markets. Our managed care plans include: preferred provider organizations, or PPOs; health maintenance organizations, or HMOs; point-of-service, or POS, plans; traditional indemnity plans and other hybrid plans, including consumer-driven health plans, or CDHPs; and hospital only and limited benefit products. In addition, we provide a broad array of managed care services to self-funded customers, including claims processing, underwriting, stop loss insurance, actuarial services, provider network access, medical cost management, disease management, wellness programs and other administrative services. We provide an array of specialty and other insurance products and services such as behavioral health benefit services, dental, vision, life and disability insurance benefits, radiology benefit management, analytics-driven personal health care guidance and long-term care insurance. We also provide services to the Federal Government in connection with the Federal Employee Program, or FEP, and various Medicare programs. We also sold contact lenses, eyeglasses and other ocular products through our 1-800 CONTACTS, Inc., or 1-800 CONTACTS, business, which was divested on January 31, 2014.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:8px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are an independent licensee of the Blue Cross and Blue Shield Association, or BCBSA, an association of independent health benefit plans. We serve our members as the Blue Cross licensee for California and as the Blue Cross and Blue Shield, or BCBS, licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">30</font><font style="font-family:inherit;font-size:10pt;"> counties in the Kansas City area), Nevada, New Hampshire, New York (as BCBS in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10</font><font style="font-family:inherit;font-size:10pt;"> New York City metropolitan and surrounding counties, and as Blue Cross or BCBS in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.) and Wisconsin. In a majority of these service areas we do business as Anthem Blue Cross, Anthem Blue Cross and Blue Shield, Blue Cross and Blue Shield of Georgia, and Empire Blue Cross Blue Shield, or Empire Blue Cross (in our New York service areas). We also conduct business through our AMERIGROUP Corporation, or Amerigroup, subsidiary in Florida, Georgia, Kansas, Louisiana, Maryland, Nevada, New Jersey, New York, Tennessee, Texas and Washington. We also serve customers throughout the country as HealthLink, UniCare, and in certain Arizona, California, Nevada, New York and Virginia markets, through our CareMore Health Group, Inc., or CareMore, subsidiary. We are licensed to conduct insurance operations in all </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">50</font><font style="font-family:inherit;font-size:10pt;"> states through our subsidiaries.</font></div></div>
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2014Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Income Loss
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CY2013Q1 us-gaap Net Investment Income
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162000000 USD
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1118700000 USD
CY2013Q1 us-gaap Operating Income Loss
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CY2014Q1 us-gaap Other Assets Noncurrent
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120200000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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29700000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
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-500000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
144200000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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43400000 USD
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144200000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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2600000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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10800000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
80900000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
10500000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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700000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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700000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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400000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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400000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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140300000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
34500000 USD
CY2014Q1 us-gaap Other Income
OtherIncome
9500000 USD
CY2013Q1 us-gaap Other Income
OtherIncome
9400000 USD
CY2013Q4 us-gaap Other Liabilities Current
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1674700000 USD
CY2014Q1 us-gaap Other Liabilities Current
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1805900000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
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832400000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
836000000 USD
CY2013Q4 us-gaap Other Long Term Investments
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1542600000 USD
CY2014Q1 us-gaap Other Long Term Investments
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1593800000 USD
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2073200000 USD
CY2014Q1 us-gaap Other Policyholder Funds
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2020400000 USD
CY2014Q1 us-gaap Other Receivables
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1234000000 USD
CY2013Q4 us-gaap Other Receivables
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1063300000 USD
CY2013Q4 us-gaap Other Short Term Investments
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16300000 USD
CY2014Q1 us-gaap Other Short Term Investments
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25900000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
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37900000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities
10800000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Before Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossBeforeTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
0 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities
-500000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest Availableforsale Securities
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CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest
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300000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion In Other Comprehensive Income Loss Tax Including Portion Attributable To Noncontrolling Interest
OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossTaxIncludingPortionAttributableToNoncontrollingInterest
1200000 USD
CY2013Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
37900000 USD
CY2014Q1 us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet
10800000 USD
CY2013Q4 us-gaap Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
95200000 USD
CY2014Q1 us-gaap Payables To Broker Dealers And Clearing Organizations
PayablesToBrokerDealersAndClearingOrganizations
177500000 USD
CY2014Q1 us-gaap Payments For Derivative Instrument Investing Activities
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46200000 USD
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100000 USD
CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
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340200000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
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1262800000 USD
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123400000 USD
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113400000 USD
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3084800000 USD
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3955500000 USD
CY2013Q1 us-gaap Payments To Acquire Available For Sale Securities Equity
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29200000 USD
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127500000 USD
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35400000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
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107500000 USD
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135700000 USD
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100000000 shares
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0 shares
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0 shares
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0 shares
CY2014Q1 us-gaap Preferred Stock Shares Outstanding
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CY2014Q1 us-gaap Preferred Stock Value
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CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications: </font><font style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to the current period presentation.</font></div></div>
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CY2013Q1 us-gaap Proceeds From Divestiture Of Businesses
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CY2013Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
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87400000 USD
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970000000 USD
CY2013Q1 us-gaap Proceeds From Short Term Debt
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100000000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
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23700000 USD
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16800000 USD
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CY2013Q1 us-gaap Repayments Of Long Term Debt
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556900000 USD
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24200000 USD
CY2014Q1 us-gaap Repayments Of Short Term Debt
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780000000 USD
CY2013Q1 us-gaap Repayments Of Short Term Debt
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0 USD
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17859400000 USD
CY2013Q1 us-gaap Revenues
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17576000000 USD
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1118300000 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
990100000 USD
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SecuritiesReceivedAsCollateral
1325000000 USD
CY2013Q4 us-gaap Securities Received As Collateral
SecuritiesReceivedAsCollateral
969800000 USD
CY2013Q1 us-gaap Selling Expense
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385900000 USD
CY2014Q1 us-gaap Selling Expense
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370800000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2861500000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2329100000 USD
CY2014Q1 us-gaap Senior Notes
SeniorNotes
12699200000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
21500000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
38800000 USD
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
300000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
63.33
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1300000 shares
CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
61.81
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
89.43
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
63.83
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
72.51
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1500000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
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CY2013Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.3500
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0.0216
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0.0125
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6300000 shares
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100000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
62.71
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1700000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.20
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.51
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
305900000 shares
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
292600000 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
289600000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
9600000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
10000000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
65.38
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
69.46
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
212600000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
66.39
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
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P3Y9M
CY2013Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P4Y0M
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P2Y7M
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y11M
CY2014Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
590000000 USD
CY2013Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
400000000 USD
CY2014Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
2000000 shares
CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
142000000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
48400000 USD
CY2014Q1 us-gaap Stock Repurchase Program Authorized Amount
StockRepurchaseProgramAuthorizedAmount
600000000 USD
CY2013Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
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1496600000 USD
CY2014Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
2428200000 USD
CY2014Q1 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
6600000 shares
CY2014Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
14300000 shares
CY2013Q1 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
5500000 shares
CY2013Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
343500000 USD
CY2014Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
1262800000 USD
CY2013Q4 us-gaap Stockholders Equity
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24765200000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
24345300000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
23802700000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
24318000000 USD
CY2014Q1 us-gaap Surplus Notes
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24900000 USD
CY2013Q4 us-gaap Unearned Premiums
UnearnedPremiums
822700000 USD
CY2014Q1 us-gaap Unearned Premiums
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1073000000 USD
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-48600000 USD
CY2013Q1 us-gaap Unrealized Gain Loss On Cash Flow Hedging Instruments
UnrealizedGainLossOnCashFlowHedgingInstruments
-53000000 USD
CY2013Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2700000 shares
CY2014Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
7700000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
303200000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
284900000 shares
CY2014Q1 wlp Accumulated Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax
AccumulatedOtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
2000000 USD
CY2013Q1 wlp Accumulated Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax
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-1100000 USD
CY2013Q1 wlp Available For Sale Securities Accumulated Other Comprehensive Income Net Deferred Tax Liability
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-433200000 USD
CY2014Q1 wlp Available For Sale Securities Accumulated Other Comprehensive Income Net Deferred Tax Liability
AvailableForSaleSecuritiesAccumulatedOtherComprehensiveIncomeNetDeferredTaxLiability
-345400000 USD
CY2013Q4 wlp Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Less Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLessNumberOfPositions
3451 securities
CY2014Q1 wlp Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Less Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLessNumberOfPositions
2845 securities
CY2014Q1 wlp Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
277 securities
CY2013Q4 wlp Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
250 securities
CY2013Q4 wlp Available For Sale Securities Debt Maturities Amortized Cost Noncurrent
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostNoncurrent
455900000 USD
CY2014Q1 wlp Available For Sale Securities Debt Maturities Amortized Cost Noncurrent
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostNoncurrent
504600000 USD
CY2014Q1 wlp Available For Sale Securities Equity Securities Cost Current
AvailableForSaleSecuritiesEquitySecuritiesCostCurrent
1374000000 USD
CY2013Q4 wlp Available For Sale Securities Equity Securities Cost Current
AvailableForSaleSecuritiesEquitySecuritiesCostCurrent
1168500000 USD
CY2014Q1 wlp Available For Sale Securities Equity Securities Cost Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesCostNoncurrent
26800000 USD
CY2013Q4 wlp Available For Sale Securities Equity Securities Cost Noncurrent
AvailableForSaleSecuritiesEquitySecuritiesCostNoncurrent
27400000 USD
CY2013Q1 wlp Cash Flow Hedging Instruments Accumulated Other Comprehensive Income Net Deferred Tax Asset
CashFlowHedgingInstrumentsAccumulatedOtherComprehensiveIncomeNetDeferredTaxAsset
18600000 USD
CY2014Q1 wlp Cash Flow Hedging Instruments Accumulated Other Comprehensive Income Net Deferred Tax Asset
CashFlowHedgingInstrumentsAccumulatedOtherComprehensiveIncomeNetDeferredTaxAsset
17000000 USD
CY2014Q1 wlp Deferred Net Actuarial Gain Loss Postretirement Benefits
DeferredNetActuarialGainLossPostretirementBenefits
-154700000 USD
CY2013Q1 wlp Deferred Net Actuarial Gain Loss Postretirement Benefits
DeferredNetActuarialGainLossPostretirementBenefits
-188300000 USD
CY2014Q1 wlp Deferred Prior Service Cost Credit Postretirement Benefit Plans
DeferredPriorServiceCostCreditPostretirementBenefitPlans
-86200000 USD
CY2013Q1 wlp Deferred Prior Service Cost Credit Postretirement Benefit Plans
DeferredPriorServiceCostCreditPostretirementBenefitPlans
-99800000 USD
CY2014Q1 wlp Defined Benefit Plan Accumulated Other Comprehensive Income Adjustments Net Of Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeAdjustmentsNetOfTax
-250500000 USD
CY2013Q1 wlp Defined Benefit Plan Accumulated Other Comprehensive Income Adjustments Net Of Tax
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeAdjustmentsNetOfTax
-406700000 USD
CY2013Q1 wlp Defined Benefit Plan Accumulated Other Comprehensive Income Net Deferred Tax Asset
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetDeferredTaxAsset
264400000 USD
CY2014Q1 wlp Defined Benefit Plan Accumulated Other Comprehensive Income Net Deferred Tax Asset
DefinedBenefitPlanAccumulatedOtherComprehensiveIncomeNetDeferredTaxAsset
167500000 USD
CY2013Q4 wlp Liability For Future Policy Benefits Current
LiabilityForFuturePolicyBenefitsCurrent
63100000 USD
CY2014Q1 wlp Liability For Future Policy Benefits Current
LiabilityForFuturePolicyBenefitsCurrent
65700000 USD
CY2014Q1 wlp Number Of Counties In Geographical Region Served As Independent Licensee
NumberOfCountiesInGeographicalRegionServedAsIndependentLicensee
10 county
CY2014Q1 wlp Number Of Counties In State Of Kansas Company Does Not Serve
NumberOfCountiesInStateOfKansasCompanyDoesNotServe
30 county
CY2014Q1 wlp Number Of Individuals Served
NumberOfIndividualsServed
66800000 individuals
CY2014Q1 wlp Number Of Medical Members
NumberOfMedicalMembers
36900000 medical_member
CY2014Q1 wlp Other Net Change In Unrecognized Periodic Benefit Costs For Defined Benefit Pension And Postretirement Benefit Plans Tax Benefit Expense
OtherNetChangeInUnrecognizedPeriodicBenefitCostsForDefinedBenefitPensionAndPostretirementBenefitPlansTaxBenefitExpense
1900000 USD
CY2013Q1 wlp Other Net Change In Unrecognized Periodic Benefit Costs For Defined Benefit Pension And Postretirement Benefit Plans Tax Benefit Expense
OtherNetChangeInUnrecognizedPeriodicBenefitCostsForDefinedBenefitPensionAndPostretirementBenefitPlansTaxBenefitExpense
4400000 USD
CY2014Q1 wlp Patient Protection Affordable Care Act Health Insurance Provider Fee
PatientProtectionAffordableCareActHealthInsuranceProviderFee
8000000000 USD
CY2014Q1 wlp Patient Protection Affordable Care Act Health Insurance Provider Fee Estimated Amount
PatientProtectionAffordableCareActHealthInsuranceProviderFeeEstimatedAmount
920000000 USD
CY2014Q1 wlp Patient Protection Affordable Care Act Health Insurance Provider Fee Expense Recognized
PatientProtectionAffordableCareActHealthInsuranceProviderFeeExpenseRecognized
230000000 USD
CY2014Q1 wlp Potentially Dilutive Restricted Stock Units Contingent On Operating Results
PotentiallyDilutiveRestrictedStockUnitsContingentOnOperatingResults
700000 shares
CY2013Q1 wlp Stock Repurchased And Retired During Period Average Price
StockRepurchasedAndRetiredDuringPeriodAveragePrice
62.41
CY2014Q1 wlp Stock Repurchased And Retired During Period Average Price
StockRepurchasedAndRetiredDuringPeriodAveragePrice
88.14
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001156039
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
279672290 shares
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
WellPoint, Inc.
CY2014Q1 dei Trading Symbol
TradingSymbol
WLP

Files In Submission

Name View Source Status
0001156039-14-000005-index-headers.html Edgar Link pending
0001156039-14-000005-index.html Edgar Link pending
0001156039-14-000005.txt Edgar Link pending
0001156039-14-000005-xbrl.zip Edgar Link pending
exhibit102p-20140331.htm Edgar Link pending
exhibit102q-20140331.htm Edgar Link pending
exhibit102r-20140331.htm Edgar Link pending
exhibit311-20140331.htm Edgar Link pending
exhibit312-20140331.htm Edgar Link pending
exhibit321-20140331.htm Edgar Link pending
exhibit322-20140331.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
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