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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net earnings $ 1,908 $ 1,803
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 41 98
Increase in deferred policy acquisition costs (186) (152)
Increase in policy liabilities 2,329 2,696
Change in income tax liabilities (365) (43)
Realized investment (gains) losses 260 (26)
Other, net 133 394 [1]
Net cash provided (used) by operating activities 4,120 4,770
Securities available for sale:    
Fixed maturities sold 978 1,829
Fixed maturities matured or called 774 705
Perpetual securities matured or called 234 394
Equity securities sold 173 1
Securities held to maturity:    
Fixed maturities matured or called 946 678
Costs of investments acquired:    
Available for sale fixed maturities acquired (4,871) (3,919)
Available for sale equity securities acquired (868) (67)
Other investments, net (801) (27)
Settlement of derivatives, net 1,203 (2,242)
Cash received (pledged or returned) as collateral, net (350) (1,404)
Other, net (56) (31)
Net cash provided (used) by investing activities (2,638) (4,083)
Cash flows from financing activities:    
Purchases of treasury stock (1,222) (1,081)
Proceeds from borrowings 988 998
Principal payments under debt obligations (232) (1,272)
Dividends paid to shareholders (492) (489)
Change in investment-type contracts, net 117 213
Treasury stock reissued 37 28
Other, net (31) (223) [1]
Net cash provided (used) by financing activities (835) (1,826)
Effect of exchange rate changes on cash and cash equivalents 273 1
Net change in cash and cash equivalents 920 (1,138)
Cash and cash equivalents, beginning of period 4,350 4,658
Cash and cash equivalents, end of period 5,270 3,520
Supplemental disclosures of cash flow information:    
Income taxes paid 1,594 996
Interest paid 155 188
Noncash interest 41 36
Impairment losses included in realized investment losses [2] 69 143
Capital lease obligations incurred 2 2
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 24 26
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 19 19
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 4 4
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 $22 and $6 for the three-month periods and $69 and $12 for the nine-month periods ended September 30, 2016 and 2015, respectively, from change in intent to sell securities or change in intent to hold securities until recovery; and $131 for the three- and nine-month periods ended September 30, 2015, for credit-related impairments