Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 39

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 39
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2024$2,663 $6,968 $9,631 The following table presents details of our other intangible assets included in other long-term assets in the accompanying consolidated balance sheets at December 31, 2024 and 2023: WeightedAverageLife20242023 CostAccumulatedAmortizationNetCostAccumulatedAmortizationNet  (in millions)Other intangible assets:Certificates of needIndefinite$910 $— $910 $1,092 $— $1,092 Medicare licensesIndefinite270 — 270 288 — 288 Customer contracts/relationships9.4 years965 759 206 956 718 238 Trade names and technology6.7 years139 119 20 139 109 30 Provider contracts11.9 years67 64 3 67 62 5 Noncompetes and other8.4 years85 51 34 84 44 40 Total other intangible assets9.2 years$2,436 $993 $1,443 $2,626 $933 $1,693 Amortization expense for other intangible assets was approximately $60 million in 2024, $67 million in 2023, and $81 million in 2022. 

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Humana Inc.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

We recorded impairment charges of $200 million and $55 million relating to indefinite-lived intangible assets in 2024 and 2023, respectively.The following table presents our estimate of amortization expense for each of the five next succeeding fiscal years: (in millions)2025$59 202645 202734 202830 202929 

10. LEASES

We determine if a contract contains a lease by evaluating the nature and substance of the agreement. We lease facilities, computer hardware, and other furniture and equipment. Leases with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. For new lease agreements, we combine lease and nonlease components for all of our asset classes.When portions of the lease payments are not fixed or depend on an index or rate, we consider those payments to be variable in nature. Our variable lease payments include, but are not limited