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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net income $ 1,497 $ 887
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 96 91
Deferred income tax expense (benefit) 521 (64)
Share-based compensation 72 64
Net realized investment (gains) losses (10) (10)
Net trading (gains) losses (6) (6)
Loss from equity method investments 39 29
Impairments and provision for loan losses 20 5
Net (gains) losses of consolidated investment entities 13 5
Changes in operating assets and liabilities:    
Restricted and segregated investments 0 124
Deferred acquisition costs 156 (76)
Policyholder account balances, future policy benefits and claims, net 2,721 259
Derivatives, net of collateral (267) 280
Receivables (131) 120
Brokerage deposits 192 (524)
Accounts payable and accrued expenses (205) (91)
Current Income Tax Expense (Benefit) (382) (7)
Change in Other Operating Assets and Liabilities of Consolidated Investment Entities (6) (6)
Other, net 383 72
Net cash provided by (used in) operating activities 4,703 1,152
Available-for-Sale securities:    
Proceeds from sales 1,318 110
Maturities, sinking fund payments and calls 4,162 4,012
Purchases (6,138) (5,294)
Proceeds from sales, maturities and repayments of mortgage loans 92 131
Funding of mortgage loans (132) (127)
Proceeds from sales, maturities and collections of other investments 109 149
Purchase of other investments (134) (159)
Purchase of investments by consolidated investment entities (376) (392)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 343 319
Purchase of land, buildings, equipment and software (62) (67)
Payments for Derivative Instrument, Investing Activities (258) (42)
Proceeds from Derivative Instrument, Investing Activities 108 44
Cash paid for deposit receivable (1) (347)
Cash received for deposit receivable 53 41
Other, net 20 (7)
Net cash provided by (used in) investing activities (896) (1,629)
Investment certificates:    
Proceeds from additions 2,534 2,924
Maturities, withdrawals and cash surrenders (2,599) (2,873)
Policyholder account balances:    
Deposits and other additions 774 1,151
Net transfers from (to) separate accounts (15) (28)
Surrenders and other benefits (726) (926)
Change in banking deposits, net 1,510 2,205
Cash paid for purchased options with deferred premiums (131) (95)
Cash received from purchased options with deferred premiums 39 60
Proceeds from Debt, Net of Issuance Costs 496 497
Repayments of long-term debt (756) (307)
Dividends paid to shareholders (250) (253)
Repurchase of common shares (716) (827)
Exercise of stock options 2 1
Repayments of debt by consolidated investment entities (37) (33)
Proceeds from (Payments for) Other Financing Activities (8) 0
Net cash provided by (used in) financing activities 117 1,496
Effect of exchange rate changes on cash (18) 2
Cash and Cash Equivalents including Disposal Group, Period Increase (Decrease) 3,906 1,021
Less: Cash and Cash Equivalents of Disposal Group, Period Increase (Decrease) 0 166
Net increase (decrease) in cash and cash equivalents, including amounts restricted 3,906 855
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Period 6,213 5,883
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Period $ 10,119 $ 6,738