XML 66 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net earnings $ 663us-gaap_NetIncomeLoss $ 732us-gaap_NetIncomeLoss
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 141us-gaap_IncreaseDecreaseInReceivables 171us-gaap_IncreaseDecreaseInReceivables
Increase in deferred policy acquisition costs (29)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (26)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Increase in policy liabilities 835us-gaap_IncreaseDecreaseInInsuranceLiabilities 978us-gaap_IncreaseDecreaseInInsuranceLiabilities
Change in income tax liabilities (156)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable (320)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Realized investment (gains) losses (13)us-gaap_GainLossOnInvestments 46us-gaap_GainLossOnInvestments
Other, net 19us-gaap_OtherNoncashIncomeExpense 34us-gaap_OtherNoncashIncomeExpense
Net cash provided (used) by operating activities 1,460us-gaap_NetCashProvidedByUsedInOperatingActivities 1,615us-gaap_NetCashProvidedByUsedInOperatingActivities
Securities available for sale:    
Fixed maturities sold 484us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt 677us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
Fixed maturities matured or called 66us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities 222us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
Perpetual securities matured or called 156afl_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSalePerpetualSecurities 0afl_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSalePerpetualSecurities
Securities held to maturity:    
Fixed maturities matured or called 85us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities 4,450us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
Costs of investments acquired:    
Available for sale fixed maturities acquired (1,442)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (4,597)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Other investments, net (7)afl_PaymentsForProceedsFromOtherInvestments 143afl_PaymentsForProceedsFromOtherInvestments
Settlement of derivatives, net (1,983)us-gaap_PaymentsForProceedsFromHedgeInvestingActivities (320)us-gaap_PaymentsForProceedsFromHedgeInvestingActivities
Cash received (pledged or returned) as collateral, net 503afl_IncreaseDecreaseInCollateralHeldForSecuritiesLendingAndDerivatives (2,677)afl_IncreaseDecreaseInCollateralHeldForSecuritiesLendingAndDerivatives
Other, net 60us-gaap_PaymentsForProceedsFromOtherInvestingActivities (21)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash provided (used) by investing activities (2,078)us-gaap_NetCashProvidedByUsedInInvestingActivities (2,123)us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:    
Purchases of treasury stock (610)us-gaap_PaymentsForRepurchaseOfCommonStock (421)us-gaap_PaymentsForRepurchaseOfCommonStock
Proceeds from borrowings 989us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet 0us-gaap_ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet
Dividends paid to shareholders (165)us-gaap_PaymentsOfDividends (163)us-gaap_PaymentsOfDividends
Change in investment-type contracts, net 84us-gaap_NetChangeAnnuitiesAndInvestmentCertificates 536us-gaap_NetChangeAnnuitiesAndInvestmentCertificates
Treasury stock reissued 13us-gaap_ProceedsFromSaleOfTreasuryStock 16us-gaap_ProceedsFromSaleOfTreasuryStock
Other, net 11us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash provided (used) by financing activities 322us-gaap_NetCashProvidedByUsedInFinancingActivities (32)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents 1us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (9)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and cash equivalents (295)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (549)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 4,658us-gaap_CashAndCashEquivalentsAtCarryingValue 2,543us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 4,363us-gaap_CashAndCashEquivalentsAtCarryingValue 1,994us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Income taxes paid 517us-gaap_IncomeTaxesPaidNet 699us-gaap_IncomeTaxesPaidNet
Interest paid 47us-gaap_InterestPaid 51us-gaap_InterestPaid
Noncash interest 36us-gaap_OtherNoncashExpense 30us-gaap_OtherNoncashExpense
Impairment losses included in realized investment losses 6us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet [1] 3us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet [1]
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 8us-gaap_StockIssued1
/ afl_TreasuryStockActivityByTypeAxis
= afl_AssociateStockBonusMember
7us-gaap_StockIssued1
/ afl_TreasuryStockActivityByTypeAxis
= afl_AssociateStockBonusMember
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 6us-gaap_StockIssued1
/ afl_TreasuryStockActivityByTypeAxis
= afl_ShareholderDividendReinvestmentMember
7us-gaap_StockIssued1
/ afl_TreasuryStockActivityByTypeAxis
= afl_ShareholderDividendReinvestmentMember
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 4us-gaap_StockIssued1
/ afl_TreasuryStockActivityByTypeAxis
= afl_ShareBasedCompensationGrantsMember
$ 4us-gaap_StockIssued1
/ afl_TreasuryStockActivityByTypeAxis
= afl_ShareBasedCompensationGrantsMember
[1] Includes $6 and $3 for the three-month periods ended March 31, 2015 and 2014, respectively, from change in intent to sell securities