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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 2,707 $ 1,683 $ 2,448
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on sale of business 0 786 0
Net realized capital gains (62) (90) (14)
Equity in net earnings of Kindred at Home (14) (11) 0
Stock compensation 163 137 157
Depreciation 505 444 410
Amortization 70 90 75
Provision for deferred income taxes 162 194 132
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:      
Receivables (32) (164) 426
Other assets 118 (484) (582)
Benefits payable 1,142 252 105
Other liabilities 471 (676) 641
Unearned revenues (36) (95) 98
Other 90 107 155
Net cash provided by operating activities 5,284 2,173 4,051
Cash flows from investing activities      
Acquisitions, net of cash acquired 0 (354) (31)
Purchase of equity method investment in Kindred at Home 0 (1,095) 0
Cash transferred in sale of business 0 (805) 0
Purchases of property and equipment (736) (612) (524)
Purchases of investment securities (6,361) (4,687) (6,265)
Maturities of investment securities 1,733 972 1,111
Proceeds from sales of investment securities 4,086 3,494 2,768
Net cash used in investing activities (1,278) (3,087) (2,941)
Cash flows from financing activities      
(Receipts) withdrawals from contract deposits, net (623) (640) 1,823
Proceeds from issuance of senior notes, net 987 0 1,779
(Repayments) proceeds from issuance of commercial paper, net (360) 485 (153)
Proceeds from term loan 0 1,000 0
Repayment of term loan (650) (350) 0
Repayment of long-term debt (400) 0 (800)
Common stock repurchases (1,070) (1,090) (3,365)
Dividends paid (291) (265) (220)
Change in book overdraft 54 30 (71)
Proceeds from stock option exercises & other 58 45 62
Net cash used in financing activities (2,295) (785) (945)
Increase (decrease) in cash and cash equivalents 1,711 (1,699) 165
Cash and cash equivalents at beginning of period 2,343 4,042 3,877
Cash and cash equivalents at end of period 4,054 2,343 4,042
Supplemental cash flow disclosures:      
Interest payments 212 195 216
Income tax payments, net 518 631 1,498
Details of businesses acquired in purchase transactions:      
Fair value of assets acquired, net of cash acquired 28 392 31
Less: Fair value of liabilities assumed (28) (38) 0
Cash paid for acquired businesses, net of cash acquired $ 0 $ 354 $ 31