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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net earnings $ 2,659 $ 2,533 $ 2,951
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Change in receivables and advance premiums 42 147 (7)
Increase in deferred policy acquisition costs (306) (241) (225)
Increase in policy liabilities 3,331 3,524 3,614
Change in income tax liabilities (93) (36) 123
Realized investment (gains) losses 123 (140) (215)
Other, net 231 [1] 989 [1] 309
Net cash provided (used) by operating activities 5,987 6,776 6,550
Securities available for sale:      
Fixed maturities sold 5,157 3,224 4,178
Fixed maturities matured or called 1,096 1,132 1,001
Perpetual securities matured or called 470 647 203
Equity securities sold 350 1 0
Securities held to maturity:      
Fixed maturities matured or called 1,399 766 8,475
Costs of investments acquired:      
Available for sale fixed maturities acquired (10,890) (6,507) (10,978)
Available-for-sale equity securities acquired (1,079) (454) (5)
Held to maturity fixed maturities acquired 0 0 (3,564)
Other investments, net (1,118) (70) 272
Purchase of subsidiary 0 (40) 0
Settlement of derivatives, net 1,252 (2,119) (636)
Cash received (pledged or returned) as collateral, net (416) (1,391) (3,217)
Other, net (76) (86) 30
Net cash provided (used) by investing activities (3,855) (4,897) (4,241)
Cash flows from financing activities:      
Purchases of treasury stock (1,422) (1,315) (1,210)
Proceeds from borrowings 986 998 750
Principal payments under debt obligations (610) (1,272) (335)
Dividends paid to shareholders (658) (656) (654)
Change in investment-type contracts, net 159 256 1,253
Treasury stock reissued 46 36 33
Other, net (120) [1] (234) [1] 16
Net cash provided (used) by financing activities (1,619) (2,187) (147)
Effect of exchange rate changes on cash and cash equivalents (4) 0 (47)
Net change in cash and cash equivalents 509 (308) 2,115
Cash and cash equivalents, beginning of period 4,350 4,658 2,543
Cash and cash equivalents, end of period 4,859 4,350 4,658
Supplemental disclosures of cash flow information:      
Income taxes paid 1,526 996 1,416
Interest paid 211 236 241
Noncash interest 57 53 76
Impairment losses included in realized investment losses 83 153 31
Noncash financing activities:      
Capitalized lease obligations 1 6 9
Associate stock bonus      
Noncash financing activities:      
Treasury stock issued 30 35 35
Shareholder dividend reinvestment      
Noncash financing activities:      
Treasury stock issued 27 26 26
Share-based compensation grants      
Noncash financing activities:      
Treasury stock issued 4 3 $ 4
Senior Notes due 2039 and 2040      
Expense on extinguishment of debt $ 137    
8.50% senior notes due May 2019      
Expense on extinguishment of debt   $ 230  
[1] Operating activities excludes and financing activities includes a cash outflow of $137 in 2016 and $230 in 2015 for the payments associated with the early extinguishment of debt