Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name WellPoint, Inc.
CIK 0001156039
Accession number 0001156039-14-000003
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/1156039/000115603914000003/wlp-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 components of deferred income taxes at December 31 are as follows:
 
2013
 
2012
Deferred tax assets relating to:
 
 
 
Retirement benefits
$
287.8

 
$
405.3

Accrued expenses
342.8

 
431.2

Insurance reserves
213.1

 
221.2

Net operating loss carryforwards
17.2

 
19.2

Bad debt reserves
124.8

 
108.2

State income tax
32.9

 
79.3

Deferred compensation
52.0

 
55.7

Investment basis difference
166.3

 
138.2

Other
84.0

 
47.0

Total deferred tax assets
1,320.9

 
1,505.3

Valuation allowance
(24.1
)
 
(18.1
)
Total deferred tax assets, net of valuation allowance
1,296.8

 
1,487.2

Deferred tax liabilities relating to:
 
 
 
Unrealized gains on securities
266.5

 
431.0

Acquisition related:
 
 
 
Trademarks and other non-amortizable intangible assets
2,200.5

 
2,200.5

Subscriber base, provider and hospital networks
370.9

 
447.7

Internally developed software and other amortization differences
703.9

 
599.3

Retirement benefits
231.5

 
214.1

Debt discount
186.9

 
189.7

State deferred tax
55.3

 
165.9

Depreciation and amortization
33.1

 
73.9

Other
190.4

 
151.6

Total deferred tax liabilities
4,239.0

 
4,473.7

Net deferred tax liability
$
(2,942.2
)
 
$
(2,986.5
)
Deferred tax asset-current
$
383.0

 
$
236.4

Deferred tax liability-noncurrent
(3,325.2
)
 
(3,222.9
)
Net deferred tax liability
$
(2,942.2
)
 
$
(2,986.5
)

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

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 1,320,900,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -24,100,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 1,296,800,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -4,239,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -2,942,200,000 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 383,000,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0
Deferred tax liabilities, net, noncurrent -3,325,200,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -2,942,200,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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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 1,296,800,000 us-gaap:DeferredTaxAssetsNetCurrent
Deferred tax liabilities, net -4,239,000,000 us-gaap:DeferredTaxLiabilities
Deferred tax assets (liabilities), net -2,942,200,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 0

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