Analysis: Deferred Assets and Liabilities, Net

Entity Registrant Name HUMANA INC
CIK 0000049071
Accession number 0001193125-14-058508
Link to XBRL instance http://www.sec.gov/Archives/edgar/data/49071/000119312514058508/hum-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 Issue related to concept used to express deferred tax liabilities.
Level 3 Text Block concept us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock

Principal components of our net deferred tax balances at December 31, 2013 and 2012 were as follows:

 

     Assets (Liabilities)  
         2013             2012      
     (in millions)  

Future policy benefits payable

    $ 303      $ 246   

Compensation and other accrued expenses

      185        174   

Benefits payable

      111        91   

Net operating loss carryforward

      49        203   

Deferred acquisition costs

      46        37   

Unearned premiums

      10        11   

Capital loss carryforward

      0        13   

Other

      12        9   
  

 

 

    

 

 

  

Total deferred income tax assets

      716        784   
  

 

 

    

 

 

  

Valuation allowance

      (28 )      (28 ) 
  

 

 

    

 

 

  

Total deferred income tax assets, net of valuation allowance

      688        756   
  

 

 

    

 

 

  

Depreciable property and intangible assets

      (453 )      (465 ) 

Investment securities

      (78 )      (265 ) 

Prepaid expenses

      (83 )      (59 ) 
  

 

 

    

 

 

  

Total deferred income tax liabilities

      (614 )      (789 ) 
  

 

 

    

 

 

  

Total net deferred income tax assets (liabilities)

    $ 74      $ (33 ) 
  

 

 

    

 

 

  

Amounts recognized in the consolidated balance sheets:

     

Other current assets

    $ 60      $ 0   

Other long-term assets

      14        12   

Trade accounts payable and accrued expenses

      0        (45 ) 
  

 

 

    

 

 

  

Total net deferred income tax assets (liabilities)

    $ 74      $ (33 ) 
  

 

 

    

 

 

  

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

Description Fact value US GAAP XBRL Concept
Deferred tax assets, gross 716,000,000 us-gaap:DeferredTaxAssetsGross
Valuation allowance -28,000,000 us-gaap:DeferredTaxAssetsValuationAllowance
Deferred tax assets, net 688,000,000 us-gaap:DeferredTaxAssetsNet
Deferred tax liabilities -40,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 74,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -574,000,000

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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 0
Deferred tax assets, net, noncurrent 0
Deferred tax liabilities, net, current 0 us-gaap:DeferredTaxLiabilitiesCurrent
Deferred tax liabilities, net, noncurrent 0 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 74,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK 74,000,000

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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 688,000,000
Deferred tax liabilities, net -40,000,000 us-gaap:DeferredIncomeTaxLiabilities
Deferred tax assets (liabilities), net 74,000,000 us-gaap:DeferredTaxAssetsLiabilitiesNet
CHECK -574,000,000

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