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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings $ 2,533 $ 2,951 $ 3,158
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums 147 (7) (8)
Increase in deferred policy acquisition costs (241) (225) (404)
Increase in policy liabilities 3,524 3,614 6,806
Change in income tax liabilities (36) 123 993
Realized investment (gains) losses (140) (215) (399)
Other Noncash Income (Expense) (989) [1] (309) (401)
Net cash provided (used) by operating activities 6,776 6,550 10,547
Securities available for sale:      
Fixed maturities sold 3,224 4,178 9,631
Fixed maturities matured or called 1,132 1,001 2,907
Perpetual securities sold 0 0 264
Perpetual securities matured or called 647 203 256
Equity securities sold 1 0 0
Securities held to maturity:      
Fixed maturities matured or called 766 8,475 6,515
Costs of investments acquired:      
Available for sale fixed maturities acquired (6,507) (10,978) (22,967)
Available-for-sale equity securities acquired (454) (5) 0
Held to maturity fixed maturities acquired 0 (3,564) (6,756)
Other investments, net (70) 272 (319)
Purchase of subsidiary (40) 0 0
Settlement of derivatives, net (2,119) (636) (1,624)
Cash received (pledged or returned) as collateral, net (1,391) (3,217) 1,037
Other, net (86) 30 (35)
Net cash provided (used) by investing activities (4,897) (4,241) (11,091)
Cash flows from financing activities:      
Purchases of treasury stock (1,315) (1,210) (813)
Proceeds from borrowings 998 750 700
Principal payments under debt obligations (1,272) (335) 0
Dividends paid to shareholders (656) (654) (635)
Change in investment-type contracts, net 256 1,253 1,790
Treasury stock reissued 36 33 88
Other, net (234) [1] 16 6
Net cash provided (used) by financing activities (2,187) (147) 1,136
Effect of exchange rate changes on cash and cash equivalents 0 (47) (90)
Net change in cash and cash equivalents (308) 2,115 502
Cash and cash equivalents, beginning of period 4,658 2,543 2,041
Cash and cash equivalents, end of period 4,350 4,658 2,543
Supplemental disclosures of cash flow information:      
Income taxes paid 996 1,416 754
Interest paid 236 241 210
Noncash interest 53 76 82
Impairment losses included in realized investment losses [2] 153 31 199
Noncash financing activities:      
Capitalized lease obligations 6 9 0
Associate stock bonus      
Noncash financing activities:      
Treasury stock issued 35 35 36
Shareholder dividend reinvestment      
Noncash financing activities:      
Treasury stock issued 26 26 25
Share-based compensation grants      
Noncash financing activities:      
Treasury stock issued 3 $ 4 $ 4
8.50% senior notes due May 2019      
Expense on 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 $131 and $45 for the years ended December 31, 2015 and 2013, respectively, for credit-related impairments; $26 for the year ended December 31, 2013 for impairments due to severity and duration of decline in fair value; and $22, $31 and $128 for the years ended December 31, 2015, 2014 and 2013, respectively, from change in intent to sell securities