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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net Income $ 2,499 $ 1,965
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 438 425
Realized investment (gains) losses 36 (214)
Deferred income taxes (benefits) 17 62
Net changes in assets and liabilities, net of non-operating effects:    
Premiums, accounts and notes receivable (243) (190)
Reinsurance recoverables 100 144
Deferred policy acquisition costs (195) (209)
Other assets 339 (156)
Insurance liabilities 408 988
Accounts payable, accrued expenses and other liabilities 113 221
Current income taxes 73 7
Debt extinguishment costs 0 321
Distributions from partnership investments 128 114
Other, net (69) 33
Net cash provided by (used in) operating activities 3,644 3,511
Proceeds from investments sold:    
Fixed maturities and equity securities 1,930 1,376
Investment maturities and repayments:    
Fixed maturities and equity securities 1,394 1,444
Commercial mortgage loans 181 253
Other sales, maturities and repayments (primarily short-term and other long-term investments) 588 1,486
Investments purchased or originated:    
Fixed maturities and equity securities (4,461) (4,292)
Commercial mortgage loans (288) (272)
Other (primarily short-term and other long-term investments) (660) (722)
Property and equipment purchases (346) (340)
Acquisitions, net of cash acquired 0 (33)
Other, net (12) 0
Net cash provided by (used in) investing activities (1,674) (1,100)
Cash Flows from Financing Activities    
Deposits and interest credited to contractholder deposit funds 816 965
Withdrawals and benefit payments from contractholder deposit funds (872) (1,079)
Net change in short-term debt (109) (16)
Payments for debt extinguishment 0 (313)
Repayment of long-term debt (131) (1,250)
Net proceeds on issuance of long-term debt 19,884 1,584
Repurchase of common stock (310) (1,961)
Issuance of common stock 41 111
Other, net (204) (9)
Net cash provided by (used in) financing activities 19,115 (1,968)
Effect of foreign currency rate changes on cash and cash equivalents (25) 28
Net increase / (decrease) in cash and cash equivalents 21,060 471
Cash and cash equivalents, January 1, 2,972 3,185
Cash and cash equivalents, September 30, 24,032 3,656
Supplemental Disclosure of Cash Information:    
Income taxes paid, net of refunds 767 812
Interest paid $ 167 $ 197