Company: ELV
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001156039-25-000010
Chunk: 196

Company: Elevance Health, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 196
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 specific to the fair valuation of the CMSI assets included in assets and liabilities held for sale as discussed in Note 5, “Investments.” Otherwise, the estimated fair values of our reporting units were substantially in excess of their carrying values. We did not incur any impairment losses in 2023 or 2022, as the estimated fair values of our reporting units were substantially in excess of their carrying values.

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Elevance Health, Inc.Notes to Consolidated Financial Statements (continued)

The components of other intangible assets as of December 31, 2024 and 2023 are as follows: 20242023GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountIntangible assets with finite lives:Customer relationships$7,866 $(4,233)$3,633 $6,263 $(3,817)$2,446 Provider and hospital relationships377 (165)212 326 (164)162 Other423 (67)356 242 (44)198 Total8,666 (4,465)4,201 6,831 (4,025)2,806 Intangible assets with indefinite lives:Blue Cross and Blue Shield and other trademarks5,991 — 5,991 5,991 — 5,991 State Medicaid licenses1,902 — 1,902 1,476 — 1,476 Total7,893 — 7,893 7,467 — 7,467 Other intangible assets$16,559 $(4,465)$12,094 $14,298 $(4,025)$10,273 In 2024, additions to the gross carrying amount of customer relationships primarily relate to the acquisitions of Centers, CareBridge and Paragon. Intangible assets with finite lives, along with the related accumulated amortization, are removed from the table above at the end of the fiscal year in which they become fully amortized.As of December 31, 2024, the estimated amortization expense for each of the five succeeding years is as follows: 2025, $671; 2026, $474; 2027, $428; 2028, $377; and 2029, $317.

11. Retirement Benefits

We sponsor various non-contributory employee defined benefit plans through certain subsidiaries. Future