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Cautionary statement regarding forward-looking statements The Private Securities Litigation Reform Act of 1995 gives a safe harbor for forward-seeking statements created by or on behalf of CVS Overall health Company. Statements With this push launch that happen to be forward-seeking contain, but will not be restricted to, Ms. Lynch's quotation, the information under the headings "2024 Full-calendar year steerage" and "From the Highlight" and the knowledge included in the reconciliations and endnotes. By their mother nature, all forward-seeking statements usually are not assures of upcoming effectiveness or benefits and so are topic to risks and uncertainties which have been challenging to forecast and/or quantify.
During the to start with quarter of 2023, an extra loss on property held on the market was recorded to put in writing down the carrying worth of the LTC company to the corporate's finest estimate of the ultimate advertising price tag which mirrored its estimated good value fewer charges to sell. As of September 30, 2023, the corporate determined the LTC small business no longer fulfilled the criteria for held-for-sale accounting and, accordingly, The web belongings associated with the LTC enterprise were being reclassified to held and utilized at read more their respective reasonable values. Over the year ended December 31, 2022, the reduction on property held available for purchase also pertains to the Company's Worldwide wellbeing treatment business enterprise domiciled in Thailand ("Thailand company"), which was included in the Professional Enterprise reporting unit inside the Wellbeing Treatment Benefits phase. The sale from the Thailand organization closed in the second quarter of 2022, and the ultimate reduction around the sale was not product.