Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name AETNA INC /PA/
CIK 0001122304
Accession number 0001122304-14-000037
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1122304/000112230414000037/aet-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 Conforms with all rules.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
The significant components of our net deferred tax assets at December 31, 2013 and 2012 were as follows:
(Millions)
2013

2012

Deferred tax assets:
 
 
  Reserve for anticipated future losses on discontinued products
$
225.2

$
157.4

  Employee and postretirement benefits
130.9

474.1

  Investments, net
76.0

79.2

  Deferred policy acquisition costs
21.9

28.5

  Insurance reserves
237.4

166.8

  Debt fair value adjustments
62.0

—

  Net operating losses
176.2

134.8

  Severance and facilities
30.1

20.4

  Litigation-related settlement
43.5

43.0

  Other
106.3

77.6

Gross deferred tax assets
1,109.5

1,181.8

Less: Valuation allowance
139.3

134.4

Deferred tax assets, net of valuation allowance
970.2

1,047.4

Deferred tax liabilities:
 
 
  Unrealized gains on investment securities
192.8

458.9

  Goodwill and other acquired intangible assets
861.9

400.9

  Cumulative depreciation and amortization
258.2

234.6

Total gross deferred tax liabilities
1,312.9

1,094.4

Net deferred tax assets (1)
$
(342.7
)
$
(47.0
)
 
 
 
(1)  
Includes $521.5 million and $426.5 million classified as current assets at December 31, 2013 and 2012, respectively. Includes $864.2 million and $473.5 million classified as long-term liabilities at December 31, 2013 and 2012, respectively.

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

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,109,500,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -139,300,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 970,200,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -1,312,900,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -342,700,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(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 521,500,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -864,200,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -342,700,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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(Unclassified balance sheet) Deferred tax assets (liabilities), net components asset/liability

Description Fact value US GAAP XBRL Concept
Deferred tax assets 970,200,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -1,312,900,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -342,700,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
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