XML 155 R139.htm IDEA: XBRL DOCUMENT v3.22.0.1
Schedule II - Aflac Incorporated (Parent Only) - Condensed Statements of Cash Flows (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net earnings $ 4,325 $ 4,778 $ 3,304
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Other, net (79) 182 358
Net cash provided (used) by operating activities 5,051 5,958 5,455
Cash flows from investing activities:      
Fixed maturity securities purchased (5,813) (4,772) (6,934)
Other investments sold (purchased) (1,066) (860) (653)
Settlement of derivatives 199 18 (9)
Other, net 41 (265) (123)
Net cash provided (used) by investing activities (2,378) (4,619) (3,171)
Cash flows from financing activities:      
Purchases of treasury stock (2,301) (1,537) (1,627)
Proceeds from borrowings 1,153 1,545 615
Principal payments under debt obligations (700) (350) 0
Dividends paid to shareholders (855) (769) (771)
Treasury stock reissued 26 34 49
Proceeds from exercise of stock options 26 18 40
Other, net (26) (27) 22
Net cash provided (used) by financing activities (2,739) (1,115) (1,713)
Net change in cash and cash equivalents (90) 245 559
Cash and cash equivalents, beginning of period 5,141    
Cash and cash equivalents, end of period 5,051 5,141  
Parent Company      
Cash flows from operating activities:      
Net earnings 4,325 4,778 3,304
Adjustments to reconcile net earnings to net cash provided from operating activities:      
Equity in earnings of subsidiaries [1] (4,458) (4,666) (3,373)
Cash dividends received from subsidiaries 2,791 2,060 3,466
Other, net 408 (331) (203)
Net cash provided (used) by operating activities 3,066 1,841 3,194
Cash flows from investing activities:      
Fixed maturity securities sold 483 438 340
Fixed maturity securities purchased (489) (484) (639)
Other investments sold (purchased) (421) (711) (16)
Settlement of derivatives 135 4 22
Additional capitalization of subsidiaries [1] (161) (291) (214)
Other, net 1 2 87
Net cash provided (used) by investing activities (452) (1,042) (420)
Cash flows from financing activities:      
Purchases of treasury stock (2,301) (1,537) (1,627)
Proceeds from borrowings 1,153 1,545 347
Principal payments under debt obligations (700) (350) 0
Dividends paid to shareholders (855) (769) (771)
Treasury stock reissued 26 34 49
Proceeds from exercise of stock options 17 12 29
Net change in amount due to/from subsidiary [1] 43 (89) (58)
Other, net (26) (27) (2)
Net cash provided (used) by financing activities (2,643) (1,181) (2,033)
Net change in cash and cash equivalents (29) (382) 741
Cash and cash equivalents, beginning of period 2,126 2,508 1,767
Cash and cash equivalents, end of period $ 2,097 $ 2,126 $ 2,508
[1] Eliminated in consolidation