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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Cardinal Health Inc | NYSE:CAH | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.16 | 0.16% | 102.33 | 103.02 | 100.00 | 100.00 | 162,258 | 14:38:29 |
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þ
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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o
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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A.
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Full title of the plan and the address of the plan, if different from that of the issuer named below:
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Cardinal Health 401(k) Savings Plan
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B.
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Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:
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Cardinal Health, Inc.
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7000 Cardinal Place
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Dublin, Ohio 43017
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Financial Statements:
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Supplemental Schedule*:
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12
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13
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Exhibit:
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Consent of Independent Registered Public Accounting Firm
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Exhibit 23.01
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*
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All other financial schedules required by Section 2520.103-10 of the U.S. Department of Labor’s Annual Reporting and Disclosure Requirements under the Employee Retirement Income Security Act of 1974, as amended, have been omitted because they are not applicable.
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/s/ Ernst & Young LLP
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We have served as the Plan's auditor since 2002.
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Grandview Heights, Ohio
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June 21, 2018
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2017
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2016
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Assets
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Plan’s interest in Stable Value Master Trust
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$
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313,516,326
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$
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324,057,253
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Investments at fair value
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2,792,363,640
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2,362,660,229
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Accrued income
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1,456,805
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1,747,479
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Cash
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—
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55,752
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Receivables:
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Notes receivable from participants
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73,646,241
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69,590,329
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Company contributions
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5,891,360
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5,080,947
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Participant contributions
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4,095,313
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3,361,506
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Pending trades
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578,990
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606,540,112
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Total receivables
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84,211,904
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684,572,894
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Total assets
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3,191,548,675
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3,373,093,607
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Liabilities
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Cash overdraft
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66,309
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—
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Accrued fees
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407,385
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32,959
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Pending trades payable
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531,422
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607,794,159
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Total liabilities
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1,005,116
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607,827,118
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Net assets available for benefits
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$
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3,190,543,559
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$
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2,765,266,489
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2017
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2016
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Additions to net assets attributed to:
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Investment income:
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Plan's interest in Stable Value Master Trust's net investment income
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$
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6,609,289
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$
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6,589,224
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Net appreciation in the fair value of investments
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377,514,909
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103,922,800
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Interest and dividends
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28,665,778
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29,054,701
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Total investment income
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412,789,976
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139,566,725
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Interest income on notes receivable from participants
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3,130,411
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2,869,085
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Contributions:
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Company
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61,215,483
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85,053,000
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Participant
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124,444,131
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114,804,207
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Rollovers
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39,692,927
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12,469,552
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Total contributions
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225,352,541
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212,326,759
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Total additions
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641,272,928
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354,762,569
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Deductions from net assets attributed to:
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Benefits paid to participants
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213,258,678
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210,219,836
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Administrative expenses
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2,737,180
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2,540,344
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Total deductions
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215,995,858
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212,760,180
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Net increase
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425,277,070
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142,002,389
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Net assets available for benefits:
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Beginning of year
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2,765,266,489
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2,623,264,100
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End of year
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$
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3,190,543,559
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$
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2,765,266,489
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Notes to Financial Statements
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Notes to Financial Statements
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Notes to Financial Statements
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•
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Plan disqualification under the Code;
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•
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Establishment of a defined contribution plan by the Company that competes for participant contributions;
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•
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Material amendments to the Plan or administration as to investment options, transfer procedures, or withdrawals;
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Company’s inducement to participants to withdraw or transfer funds from the contract;
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•
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Termination or partial termination of the Plan;
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•
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Group termination, layoff, early retirement incentive program, or other downsizing by the Company;
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•
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Merger or consolidation of the Plan with another plan or spin-off of any portion of the Plan’s assets to another Plan; and
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•
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Any changes in law, regulation, ruling, or administrative or judicial position that, in the issuer’s reasonable determination, could result in substantial disbursements from the contract.
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Notes to Financial Statements
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•
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The investment manager or trustee breaches any of its material obligations under the agreement;
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•
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Any representation of the investment manager is or becomes untrue in any material respect;
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•
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The investment manager with respect to the contract is terminated, unless a qualified professional manager is duly appointed and is agreed to by the issuer;
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•
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The issuer determines that the execution, delivery, or performance of the contract constitutes or will constitute a prohibited transaction;
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•
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Failure to pay amounts due to the issuer; and
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•
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Termination of the Plan, or disqualification of the trust.
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December 31
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||||||
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2017
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2016
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Fully benefit-responsive synthetic investment contracts - at contract value
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$
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296,177,160
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$
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299,994,937
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Common collective trusts - at fair value
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21,212,378
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27,503,231
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Cash and pending activity
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(498,499
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)
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(191,039
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)
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Total net assets in Master Trust
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$
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316,891,039
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$
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327,307,129
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Plan's ownership percentage in:
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Master Trust
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99
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%
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99
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%
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Each investment held of the Master Trust:
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Fully benefit-responsive synthetic investment contracts
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99
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%
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99
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%
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Common collective trusts
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99
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%
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99
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%
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Other
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99
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%
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99
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%
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2017
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2016
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Dividend and interest income
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$
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6,421,013
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$
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6,100,726
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Net appreciation in the fair value of investments
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256,955
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550,744
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Total investment income
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$
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6,677,968
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$
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6,651,470
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Plan's investment income percentage
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99
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%
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99
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%
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Notes to Financial Statements
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Level 1:
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Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
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Level 2:
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Inputs to the valuation methodology include:
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•
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quoted prices for similar assets or liabilities in active markets;
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•
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quoted prices for identical or similar assets or liabilities in inactive markets;
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•
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inputs other than quoted prices that are observable for the asset or liability; and
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•
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inputs that are derived principally from or corroborated by observable market data by correlation or other means.
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Level 3:
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Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
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December 31, 2017
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||||||||||||||
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Level 1
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Level 2
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Level 3
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Total
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Mutual funds
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$
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1,155,838,709
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|
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$
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—
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$
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—
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$
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1,155,838,709
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Cardinal Health, Inc., common shares
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180,638,542
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—
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—
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180,638,542
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Total assets in the fair value hierarchy
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1,336,477,251
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—
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—
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1,336,477,251
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Common collective trusts measured at net asset value
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—
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—
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—
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1,455,886,389
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Total assets at fair value
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$
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1,336,477,251
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$
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—
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$
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—
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$
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2,792,363,640
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December 31, 2016
|
|
||||||||||||||
|
Level 1
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Level 2
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Level 3
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Total
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||||||||
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Mutual funds
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$
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937,571,243
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$
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—
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$
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—
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$
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937,571,243
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Cardinal Health, Inc., common shares
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216,415,589
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—
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—
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216,415,589
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Total assets in the fair value hierarchy
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1,153,986,832
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—
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—
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1,153,986,832
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Common collective trusts measured at net asset value
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—
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—
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—
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1,208,673,397
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Total assets at fair value
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$
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1,153,986,832
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$
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—
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$
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—
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$
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2,362,660,229
|
|
|
|
|
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Notes to Financial Statements
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December 31
|
||||||
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2017
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|
2016
|
||||
Net assets available for benefits per the financial statements
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$
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3,190,543,559
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$
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2,765,266,489
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Amounts allocated to withdrawing participants
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(1,468,715
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)
|
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—
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Net assets available for benefits per Form 5500
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$
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3,189,074,844
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$
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2,765,266,489
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|
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2017
|
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Benefits payments per the financial statements
|
$
|
213,258,678
|
|
Amounts allocated to withdrawing participants
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|
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At December 31, 2016
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—
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At December 31, 2017
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1,468,715
|
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Corrective distributions
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(24,856
|
)
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Net deemed distributions
|
59,353
|
|
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Benefits paid to participants per Form 5500
|
$
|
214,761,890
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|
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2017
|
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Net increase in assets per the financial statements
|
$
|
425,277,070
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Change in amounts allocated to withdrawing participants
|
(1,468,715
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)
|
|
Net income per Form 5500
|
$
|
423,808,355
|
|
(a)
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(b)
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(c)
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(e)
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Identity of issuer, borrower, lessor, or similar party
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Description of investment, including maturity
date, rate of interest, maturity or par value |
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Current
value |
||
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Mutual funds:
|
|
|
|
|
||
|
Dodge & Cox Stock Fund
|
|
1,812,867 shares
|
|
$
|
369,117,867
|
|
|
Vanguard Institutional Index
|
|
1,487,412 shares
|
|
362,155,104
|
|
|
|
Vanguard Total International Stock Index Fund
|
|
1,231,984 shares
|
|
150,363,701
|
|
|
|
Vanguard Total Stock Market Index Fund
|
|
963,665 shares
|
|
120,593,077
|
|
|
|
PIMCO All Asset Fund Institutional
|
|
6,073,229 shares
|
|
73,789,728
|
|
|
|
Vanguard Extended Market Index Fund
|
|
504,021 shares
|
|
42,715,764
|
|
|
|
Vanguard Total Bond Market Index
|
|
3,451,485 shares
|
|
37,103,468
|
|
|
|
|
|
|
|
|
||
|
Common collective trusts:
|
|
|
|
|
||
|
Fidelity Group Trust For Employee Benefit Plans Growth Company Commingled Pool
|
|
22,209,809 units
|
|
422,652,671
|
|
|
|
FIAM Group Trust for Employee Benefit Plans Small Capitalization Core Commingled Pool
|
|
2,779,105 units
|
|
332,103,061
|
|
|
|
Fidelity Group Trust for Employee Benefit Plans Diversified International Commingled Pool
|
|
18,890,925 units
|
|
246,337,666
|
|
|
|
PIMCO Collective Investment Trust Total Return
|
|
16,255,354 units
|
|
217,659,191
|
|
|
|
Blackrock Institutional TR CO NA, Global Allocation Collective Fund
|
|
10,498,304 units
|
|
127,613,184
|
|
|
|
Commingled Pension Trust Fund (Diversified Commercial Property Fund) of JPMorgan Chase Bank
|
|
1,411,407 units
|
|
48,086,643
|
|
|
|
Blackrock Global Invs A US Tips Non Lendable Fund
|
|
1,833,844 units
|
|
24,600,284
|
|
|
|
Loomis Sayles High Yield Conservative Trust
|
|
1,010,004 units
|
|
22,331,198
|
|
|
|
Wellington Trust Company Collective Investment Fund II Opportunistic Emerging Markets Debt
|
|
949,442 units
|
|
10,795,158
|
|
|
**
|
Wells Fargo Short Term Investment Fund
|
|
3,707,333 units
|
|
3,707,333
|
|
|
|
|
|
|
|
|
||
|
Common shares:
|
|
|
|
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||
**
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Cardinal Health, Inc.
|
|
2,948,238 shares
|
|
180,638,542
|
|
|
|
|
|
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|
Loans:
|
|
|
|
|
||
**
|
Participant loans
|
|
Various maturity dates, with interest rates ranging from 4.25% to 10.50%
|
|
73,646,241
|
|
|
|
Total
|
|
|
|
$
|
2,866,009,881
|
|
|
|
|
|
|
|
||
*
|
Other columns required by the U.S. Department of Labor’s Annual Reporting and Disclosure Requirements under ERISA have been omitted because they are not applicable.
|
||||||
**
|
Denotes party-in-interest.
|
|
|
Cardinal Health 401(k) Savings Plan
|
|
|
|
Date:
|
June 21, 2018
|
/s/ KENDELL SHERRER
|
|
|
Kendell Sherrer
|
|
|
Financial Benefit Plans Committee Member
|
1 Year Cardinal Health Chart |
1 Month Cardinal Health Chart |
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