During the yr ended December 31, 2023 and the a few months and 12 months finished December 31, 2022, the decline on property held available for sale pertains to the LTC reporting device throughout the Pharmacy & Shopper Wellness phase. Through 2022, the corporate determined that its LTC small business was no more a strategic asset and committed to a want to promote it, at which time the LTC small business met the factors for held-for-sale accounting and its Internet belongings ended up accounted for as assets held available for sale. The carrying price of the LTC company was resolute to get larger than its estimated truthful benefit much less expenditures to provide and, appropriately, the business recorded a reduction on assets held available for purchase over the third quarter of 2022. As of December 31, 2022, The web belongings from the LTC enterprise ongoing to meet the factors for held-for-sale accounting And through the fourth quarter of 2022, an incremental loss on property held for sale was recorded to jot down down the carrying worth of the LTC company to its estimated reasonable price a lot less expenditures to offer.
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