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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Net earnings $ 1,236 $ 1,542
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 1 24
Increase in deferred policy acquisition costs (87) (85)
Increase in policy liabilities 1,714 1,632
Change in income tax liabilities 130 (83)
Realized investment (gains) losses (140) (56)
Other, net 249 [1] 158
Net cash provided (used) by operating activities 3,103 3,132
Securities available for sale:    
Fixed maturities sold 1,410 1,536
Fixed maturities matured or called 518 330
Perpetual securities sold 0 60
Perpetual securities matured or called 348 0
Equity securities sold 1 0
Securities held to maturity:    
Fixed maturities matured or called 420 4,759
Costs of investments acquired:    
Available for sale fixed maturities acquired (3,004) (7,000)
Other investments, net (31) 141
Settlement of derivatives, net (2,200) (246)
Cash received (pledged or returned) as collateral, net (1,001) (3,058)
Other, net (27) (116)
Net cash provided (used) by investing activities (3,566) (3,594)
Cash flows from financing activities:    
Purchases of treasury stock (848) (522)
Proceeds from borrowings 998 0
Principal payments under debt obligations (850) 0
Dividends paid to shareholders (328) (324)
Change in investment-type contracts, net 147 1,023
Treasury stock reissued 20 21
Other, net (226) [1] 3
Net cash provided (used) by financing activities (1,087) 201
Effect of exchange rate changes on cash and cash equivalents (5) (30)
Net change in cash and cash equivalents (1,555) (291)
Cash and cash equivalents, beginning of period 4,658 2,543
Cash and cash equivalents, end of period 3,103 2,252
Supplemental disclosures of cash flow information:    
Income taxes paid 527 873
Interest paid 127 121
Noncash interest 30 39
Impairment losses included in realized investment losses [2] 6 31
Capital lease obligations incurred 1 0
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 18 18
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 12 14
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued 4 $ 3
8.50% senior notes due May 2019    
Extinguishment of debt, make-whole premium $ 230  
[1] Operating activities excludes and financing activities includes a cash outflow of $230 for the make-whole payment associated with the early extinguishment of debt
[2] Includes an immaterial amount and $28 for the three-month periods and $6 and $31 for the six-month periods ended June 30, 2015 and 2014, respectively, from change in intent to sell securities