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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Statement of Cash Flows [Abstract]      
Net income $ 1,893 $ 2,098 $ 1,480
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion, net 183 198 234
Deferred income tax expense (benefit) (308) 25 156
Share-based compensation 135 144 121
Gain (Loss) on Disposition of Business before Affinity Payment (313)    
Net realized investment (gains) losses (16) (9) (50)
Net trading (gains) losses (10) (12) (7)
Loss from equity method investments 95 63 100
Other-than-temporary impairments and provision for loan losses 22    
Net (gains) losses of consolidated investment entities 9 (47) 5
Changes in operating assets and liabilities:      
Restricted and segregated investments 124 499 (348)
Deferred acquisition costs (112) 4 (35)
Policyholder account balances, future policy benefits and claims, net 358 528 (441)
Derivatives, net of collateral 415 (144) 595
Receivables 324 (398) (457)
Brokerage deposits (519) (255) (198)
Accounts payable and accrued expenses 46 (100) 206
Other operating assets and liabilities of consolidated investment entities, net (12) 29  
Other, net 27 (26) 162
Net Cash Provided by (Used in) Operating Activities 2,341 2,597 1,523
Available-for-Sale securities:      
Proceeds from sales 242 435 454
Maturities, sinking fund payments and calls 8,202 6,738 4,957
Purchases (11,911) (8,346) (5,419)
Proceeds from sales, maturities and repayments of mortgage loans 272 295 699
Funding of mortgage loans (354) (235) (479)
Proceeds from sales, maturities and collections of other investments 276 722 329
Purchase of other investments (288) (653) (519)
Purchase of investments by consolidated investment entities (644) (411) (1,268)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 684 1,086 1,349
Purchase of land, buildings, equipment and software (143) (162) (162)
Proceeds from Divestiture of Businesses, Net of Cash Divested 934    
Proceeds from Divestiture of Businesses 1,100    
Cash paid for written options with deferred premiums (308) (133) (82)
Cash received from written options with deferred premiums 170 133 77
Cash paid for deposit receivable (349)    
Cash received for deposit receivable 98    
Other, net (115) (56) (107)
Net cash (used in) provided by investing activities (3,234) (587) (171)
Investment certificates:      
Proceeds from additions 5,110 6,238 4,725
Maturities, withdrawals and cash surrenders (5,489) (4,745) (4,262)
Policyholder account balances:      
Deposits and other additions 2,152 1,933 2,059
Net transfers to (from) separate accounts (86) (75) (157)
Surrenders and other benefits (1,728) (1,904) (1,893)
Change in banking deposits, net 3,788    
Cash paid for purchased options with deferred premiums (396) (228) (282)
Cash received for purchased options with deferred premiums 206 254 116
Issuance of long-term debt, net of issuance costs 497    
Repayments of long-term debt (313) (13) (11)
Dividends paid to shareholders (504) (506) (491)
Repurchase of common shares (1,943) (1,630) (1,485)
Exercise of stock options 3 2 15
Borrowings of Consolidated Investment Entities   936  
Repayments of debt by consolidated investment entities (84) (1,528) (118)
Other, net 1 3 (1)
Net cash provided by (used in) financing activities 1,214 (1,263) (1,785)
Effect of exchange rate changes on cash 9 (8) 35
Net increase (decrease) in cash and cash equivalents, including amounts restricted 330 739 (398)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, beginning balance 5,883 5,144 5,542
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, ending balance $ 6,213 $ 5,883 $ 5,144