Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name CVS CAREMARK CORP
CIK 0000064803
Accession number 0000064803-14-000008
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/64803/000006480314000008/cvs-20131231.xml
Fiscal year end --12-31
Fiscal year focus 2013
Fiscal period focus FY
Current balance sheet date 2013-12-31
Current year-to-date income statement start date 2013-01-01
Commentary No subtotal for gross, filer error; used gross concept to report net value.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The following table is a summary of the significant components of the Company’s deferred tax assets and liabilities as of December 31:
 
In millions
2013
 
2012
Deferred tax assets:
 

 
 

Lease and rents
$
344

 
$
336

Inventories
—

 
141

Employee benefits
213

 
202

Allowance for doubtful accounts
79

 
137

Retirement benefits
172

 
115

Net operating losses
10

 
5

Depreciation
192

 
—

Other
598

 
430

Valuation allowance
(3
)
 
—

Total deferred tax assets
1,605

 
1,366

Deferred tax liabilities:
 

 
 

Inventories
(69
)
 
—

Depreciation and amortization
(4,512
)
 
(4,457
)
Total deferred tax liabilities
(4,581
)
 
(4,457
)
Net deferred tax liabilities
$
(2,976
)
 
$
(3,091
)

Level 4 Details Key Concepts: Deferred tax assets (liabilities)

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,605,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -3,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,602,000,000
Deferred tax liabilities -4,581,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -2,976,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 3,000,000

*

(Classified balance sheet) Deferred tax assets (liabilities), net components current/noncurrent asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets, net, current 902,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 23,000,000 us-gaap:DeferredTaxAssetsNetNoncurrent
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -3,901,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -2,976,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

*

(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 1,602,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -4,581,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net -2,976,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 3,000,000

*

*

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