UNITEDHEALTH GROUP INC | 2013 | FY | 3


The components of deferred income tax assets and liabilities as of December 31 are as follows:  
(in millions)
 
2013
 
2012
Deferred income tax assets:
 
 
 
 
Accrued expenses and allowances
 
$
284

 
$
306

U.S. federal and state net operating loss carryforwards
 
257

 
276

Share-based compensation
 
200

 
238

Long-term liabilities
 
170

 
160

Medical costs payable and other policy liabilities
 
155

 
149

Non-U.S. tax loss carryforwards
 
110

 
126

Unearned revenues
 
65

 
64

Unrecognized tax benefits
 
38

 
25

Other-domestic
 
57

 
93

Other-non-U.S.
 
89

 
142

Subtotal
 
1,425

 
1,579

Less: valuation allowances
 
(207
)
 
(271
)
Total deferred income tax assets
 
1,218

 
1,308

Deferred income tax liabilities:
 
 
 
 
U.S. federal and state intangible assets
 
(1,207
)
 
(1,335
)
Non-U.S. goodwill and intangible assets
 
(453
)
 
(640
)
Capitalized software
 
(481
)
 
(482
)
Net unrealized gains on investments
 
(31
)
 
(296
)
Depreciation and amortization
 
(268
)
 
(249
)
Prepaid expenses
 
(137
)
 
(113
)
Other-non-U.S.
 
(7
)
 
(179
)
Total deferred income tax liabilities
 
(2,584
)
 
(3,294
)
Net deferred income tax liabilities
 
$
(1,366
)
 
$
(1,986
)

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