XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 614 $ 1,276 $ 1,147
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of business 0 (270) 0
Depreciation 388 354 328
Amortization 77 93 121
Stock-based compensation 115 109 98
Net realized capital gains (96) (146) (20)
Benefit for deferred income taxes (71) (2) (64)
Provision for doubtful accounts 39 61 32
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:      
Receivables (158) (180) (264)
Other assets 426 (872) (952)
Benefits payable (413) 501 582
Other liabilities 937 (129) 413
Unearned revenues (84) 3 155
Other 162 70 42
Net cash provided by operating activities 1,936 868 1,618
Cash flows from investing activities      
Acquisitions, net of cash acquired (7) (38) (18)
Proceeds from sale of business 0 1,061 72
Purchases of property and equipment (527) (523) (528)
Proceeds from sales of property and equipment 0 1 0
Purchases of investment securities (6,566) (6,739) (2,883)
Maturities of investment securities 1,426 1,065 885
Proceeds from sales of investment securities 4,312 5,493 2,409
Net cash (used in) provided by investing activities (1,362) 320 (63)
Cash flows from financing activities      
Receipts (withdrawals) from contract deposits, net 1,093 (296) (919)
Proceeds from issuance of senior notes, net 0 0 1,733
(Repayments) proceeds from issuance of commercial paper, net (2) 298 0
Repayment of long-term debt 0 0 (500)
Common stock repurchases (104) (385) (872)
Dividends paid (177) (172) (172)
Excess tax benefit from stock-based compensation 0 15 12
Change in book overdraft (89) (33) (69)
Proceeds from stock option exercises and other, net 11 21 29
Net cash provided by (used in) financing activities 732 (552) (758)
Increase in cash and cash equivalents 1,306 636 797
Cash and cash equivalents at beginning of year 2,571 1,935 1,138
Cash and cash equivalents at end of year 3,877 2,571 1,935
Supplemental cash flow disclosures:      
Interest payments 185 187 143
Income tax payments, net 916 1,179 1,030
Details of businesses acquired in purchase transactions:      
Fair value of assets acquired, net of cash acquired 7 38 18
Less: Fair value of liabilities assumed 0 0 0
Cash paid for acquired businesses, net of cash acquired $ 7 $ 38 $ 18