Elevance Health Inc., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	60,029)	55,617)	51,122)	45,751)	39,033)
Adjustments
Add: Allowance for doubtful accounts	1,240)	964)	840)	574)	525)
After Adjustment
Adjusted current assets	61,269)	56,581)	51,962)	46,325)	39,558)

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Elevance Health Inc., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	108,928)	102,772)	97,460)	86,615)	77,453)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Allowance for doubtful accounts	1,240)	964)	840)	574)	525)
Less: Deferred tax asset (under the caption Other noncurrent assets)²	228)	137)	103)	—)	—)
After Adjustment
Adjusted total assets	109,940)	103,599)	98,197)	87,189)	77,978)

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax asset (under the caption Other noncurrent assets). See details »

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Elevance Health Inc., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	69,523)	66,378)	61,332)	53,416)	45,725)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities, net²	1,970)	2,034)	2,805)	2,019)	2,227)
Less: Liabilities for employee termination costs	199)	81)	122)	187)	—)
After Adjustment
Adjusted total liabilities	67,354)	64,263)	58,405)	51,210)	43,498)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities, net. See details »

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Elevance Health Inc., adjusted shareholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Shareholders’ equity	39,306)	36,307)	36,060)	33,199)	31,728)
Adjustments
Less: Net deferred income tax assets (liabilities)¹	(1,742)	(1,897)	(2,702)	(2,019)	(2,227)
Add: Allowance for doubtful accounts	1,240)	964)	840)	574)	525)
Add: Liabilities for employee termination costs	199)	81)	122)	187)	—)
Add: Noncontrolling interests	99)	87)	68)	—)	—)
After Adjustment
Adjusted total equity	42,586)	39,336)	39,792)	35,979)	34,480)

¹ Net deferred income tax assets (liabilities). See details »

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Elevance Health Inc., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Short-term borrowings	225)	265)	275)	—)	700)
Current portion of long-term debt	1,649)	1,500)	1,599)	700)	1,598)
Long-term debt, less current portion	23,246)	22,349)	21,157)	19,335)	17,787)
Total reported debt	25,120)	24,114)	23,031)	20,035)	20,085)
Shareholders’ equity	39,306)	36,307)	36,060)	33,199)	31,728)
Total reported capital	64,426)	60,421)	59,091)	53,234)	51,813)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating leases, lease liabilities, current (located in Other current liabilities)²	164)	181)	133)	110)	158)
Add: Operating leases, lease liabilities, noncurrent (located in Other noncurrent liabilities)³	685)	751)	864)	847)	482)
Adjusted total debt	25,969)	25,046)	24,028)	20,992)	20,725)
Adjustments to Equity
Less: Net deferred income tax assets (liabilities)⁴	(1,742)	(1,897)	(2,702)	(2,019)	(2,227)
Add: Allowance for doubtful accounts	1,240)	964)	840)	574)	525)
Add: Liabilities for employee termination costs	199)	81)	122)	187)	—)
Add: Noncontrolling interests	99)	87)	68)	—)	—)
Adjusted total equity	42,586)	39,336)	39,792)	35,979)	34,480)
After Adjustment
Adjusted total capital	68,555)	64,382)	63,820)	56,971)	55,205)

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating leases, lease liabilities, current (located in Other current liabilities). See details »

³ Operating leases, lease liabilities, noncurrent (located in Other noncurrent liabilities). See details »

⁴ Net deferred income tax assets (liabilities). See details »

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Elevance Health Inc., adjusted shareholders’ net income

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Shareholders’ net income	5,987)	6,025)	6,104)	4,572)	4,807)
Adjustments
Add: Deferred income tax expense (benefit)¹	(690)	4)	180)	(526)	75)
Add: Increase (decrease) in allowance for doubtful accounts	276)	124)	266)	49)	(80)
Add: Increase (decrease) in liabilities for employee termination costs	118)	(41)	(65)	187)	—)
Add: Other comprehensive income (loss), net of tax	1,171)	(2,336)	(330)	446)	690)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	(2)	(17)	(11)	—)	—)
After Adjustment
Adjusted net income	6,860)	3,759)	6,144)	4,728)	5,492)

¹ Deferred income tax expense (benefit). See details »

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Elevance Health Inc. (NYSE:ELV)

Adjustments to Financial Statements