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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Statement of Cash Flows [Abstract]    
Net income $ 2,059 $ 1,357
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation, amortization and accretion, net 95 150
Deferred income tax expense (benefit) 63 198
Share-based compensation 124 107
Net realized investment (gains) losses (627) (14)
Net trading (gains) losses 3 (9)
Loss from equity method investments 58 58
Impairments and provision for loan losses 2 19
Net (gains) losses of consolidated investment entities (17) (7)
Changes in operating assets and liabilities:    
Restricted and segregated investments (101)  
Deferred acquisition costs (128) 186
Policyholder account balances, future policy benefits and claims, net 1,174 3,252
Derivatives, net of collateral (290) 265
Receivables (360) (216)
Brokerage deposits (45) 205
Accounts payable and accrued expenses 146 (94)
Current income tax expense (benefit) (393) (100)
Increase (Decrease) in Deferred Income Taxes (112)  
Other operating assets and liabilities of consolidated investment entities, net 15 20
Other, net 108 262
Net cash provided by (used in) operating activities 1,774 5,639
Available-for-Sale securities:    
Proceeds from sales 555 1,690
Maturities, sinking fund payments and calls 8,992 6,568
Purchases (10,047) (10,197)
Proceeds from sales, maturities and repayments of mortgage loans 242 146
Funding of mortgage loans (166) (147)
Proceeds from sales, maturities and collections of other investments 155 139
Purchase of other investments (73) (219)
Purchase of investments by consolidated investment entities (1,461) (679)
Proceeds from sales, maturities and repayments of investments by consolidated investment entities 850 454
Purchase of land, buildings, equipment and software (86) (107)
Cash paid for written options with deferred premiums (314) (292)
Cash received from written options with deferred premiums 60 129
Cash paid for deposit receivable (216) (3)
Cash received for deposit receivable 132 74
Other, net 4 23
Net cash provided by (used in) investing activities (1,373) (2,421)
Investment certificates:    
Proceeds from additions 2,004 3,428
Maturities, withdrawals and cash surrenders (3,320) (3,780)
Policyholder account balances:    
Deposits and other additions 1,131 1,202
Net transfers from (to) separate accounts (206) (63)
Surrenders and other benefits (1,002) (1,035)
Change in banking deposits, net 2,412 2,532
Cash paid for purchased options with deferred premiums (94) (177)
Cash received from purchased options with deferred premiums 580 40
Issuance of long-term debt 4 494
Repayments of long-term debt (6) (760)
Dividends paid to shareholders (384) (375)
Repurchase of common shares (1,467) (1,036)
Exercise of stock options   2
Borrowings of Consolidated Investment Entities 1,375 382
Repayments of debt by consolidated investment entities (757) (55)
Other, net (11) (6)
Net cash provided by (used in) financing activities 259 793
Effect of exchange rate changes on cash (9) (5)
Net increase (decrease) in cash and cash equivalents, including amounts restricted 651 4,006
Cash and cash equivalents, including amounts restricted, at beginning of period 8,903 6,213
Cash and cash equivalents, including amounts restricted, at end of period $ 9,554 $ 10,219