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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 2,934 $ 3,367 $ 2,707
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (gain) on investment securities, net 130 (838) (62)
Gain on Kindred at Home equity method investment (1,129) 0 0
Equity in net earnings (65) (74) (14)
Stock compensation 180 181 163
Depreciation 640 528 505
Amortization 73 88 70
Provision for deferred income taxes 15 195 162
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:      
Receivables (280) (85) (32)
Other assets (491) (581) 118
Benefits payable 104 2,139 1,142
Other liabilities 176 599 471
Unearned revenues (65) 71 (36)
Other 40 49 90
Net cash provided by operating activities 2,262 5,639 5,284
Cash flows from investing activities      
Acquisitions, net of cash and cash equivalents acquired (4,187) (709) 0
Purchases of property and equipment, net (1,316) (964) (736)
Purchases of investment securities (7,197) (9,125) (6,361)
Proceeds from maturities of investment securities 2,597 4,986 1,733
Proceeds from sales of investment securities 3,547 2,747 4,086
Net cash used in investing activities (6,556) (3,065) (1,278)
Cash flows from financing activities      
Withdrawals receipts from contract deposits, net (306) (939) (623)
Proceeds from issuance of senior notes, net 2,984 1,088 987
Repayment of senior notes 0 (400) (400)
Proceeds (repayments) from issuance of commercial paper, net 352 295 (360)
Proceeds from term loan 2,500 1,000 0
Repayment of term loan (2,078) (1,000) (650)
Debt issue costs (31) 0 0
Common stock repurchases (79) (1,820) (1,070)
Dividends paid (354) (323) (291)
Change in book overdraft 6 95 54
Proceeds from stock option exercises & other 21 49 58
Net cash provided by (used in) financing activities 3,015 (1,955) (2,295)
(Decrease) increase in cash and cash equivalents (1,279) 619 1,711
Cash and cash equivalents at beginning of period 4,673 4,054 2,343
Cash and cash equivalents at end of period 3,394 4,673 4,054
Supplemental cash flow disclosures:      
Interest payments 285 258 212
Income tax payments, net 227 1,132 518
Details of businesses acquired in purchase transactions:      
Fair value of assets acquired, net of cash acquired 9,804 819 28
Less: Fair value of liabilities assumed (3,235) (110) (28)
Less: Noncontrolling interests acquired (22) 0 0
Less: Remeasured existing Kindred at Home equity method investment (2,360) 0 0
Cash paid for acquired businesses, net of cash acquired $ 4,187 $ 709 $ 0