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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 1,322 $ 1,496
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 11,888 11,680
Sales, maturities and repayments of equity securities 29 15
Sales, maturities and repayments of mortgage loans 933 446
Sales, maturities and repayments of real estate limited partnerships and limited liability companies 2 87
Sales, maturities and repayments of other limited partnership interests 203 137
Purchases of fixed maturity securities (13,412) (12,005)
Purchases of equity securities (3) (1)
Purchases of mortgage loans (2,625) (2,771)
Purchases of real estate limited partnerships and limited liability companies (13) (31)
Purchases of other limited partnership interests (308) (194)
Cash received in connection with freestanding derivatives 1,179 1,142
Cash paid in connection with freestanding derivatives (1,705) (2,286)
Net change in policy loans 89 81
Net change in short-term investments (1,977) 196
Net change in other invested assets 21 35
Net cash provided by (used in) investing activities (5,699) (3,469)
Cash flows from financing activities    
Policyholder account balances: Deposits 5,689 4,704
Policyholder account balances: Withdrawals (2,021) (2,199)
Net change in payables for collateral under securities loaned and other transactions 234 (126)
Long-term debt issued 1,000 375
Long-term debt repaid (601) (9)
Preferred stock issued, net of issuance costs 412 0
Dividends on preferred stock (14) 0
Treasury stock acquired in connection with share repurchases (314) (42)
Financing element on certain derivative instruments and other derivative related transactions, net 179 (386)
Other, net (43) (57)
Net cash provided by (used in) financing activities 4,521 2,260
Change in cash, cash equivalents and restricted cash 144 287
Cash, cash equivalents and restricted cash, beginning of period 4,145 1,857
Cash, cash equivalents and restricted cash, end of period 4,289 2,144
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 108 83
Net cash paid (received) for income tax $ 8 $ 3