Company: HUM
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000049071-25-000007
Chunk: 38

Company: HUMANA INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 38
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 accordance with Medicare Part D, refer to Note 2 to the audited Consolidated Financial Statements included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Form 10-K. 20242023 RiskCorridorSettlementCMSSubsidies/DiscountsRiskCorridorSettlementCMSSubsidies/Discounts (in millions)Other current assets$190 $1,203 $224 $514 Trade accounts payable and accrued expenses(83)(673)(232)(1,825)Net current asset (liability)107 530 (8)(1,311)Other long-term assets58 — 17 — Other long-term liabilities(39)— (77)— Net long-term asset (liability)19 — (60)—        Total net asset (liability)$126 $530 $(68)$(1,311)

92

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

8. PROPERTY AND EQUIPMENT, NET

Property and equipment was comprised of the following at December 31, 2024 and 2023. 20242023 (in millions)Land$17 $16 Buildings and leasehold improvements1,038 1,002 Equipment1,400 1,320 Computer software3,216 3,546 5,671 5,884 Accumulated depreciation(3,139)(2,854)Property and equipment, net$2,532 $3,030 Depreciation expense was $884 million in 2024, $831 million in 2023, and $749 million in 2022, including amortization expense for capitalized internally developed and purchased software of $660 million in 2024, $589 million in 2023, and $525 million in 2022.

 9. GOODWILL AND OTHER INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for our reportable segments for the years ended December 31, 2024 and 2023 were as follows:InsuranceCenterWellTotal (in millions)Balance at January 1, 2023$2,472 $6,670 $9,142 Acquisitions191 217 408 Balance at December 31, 20232,663 6,887 9,550 Acquisitions— 81 81 Balance at December 31,