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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 9,183 $ 9,527
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 101,614 109,308
Sales, maturities and repayments of equity securities 1,019 478
Sales, maturities and repayments of mortgage loans 10,518 9,775
Sales, maturities and repayments of real estate and real estate joint ventures 323 1,644
Sales, maturities and repayments of other limited partnership interests 1,025 859
Purchases of fixed maturity securities (108,418) (105,128)
Purchases of equity securities (802) (431)
Purchases of mortgage loans (14,686) (13,814)
Purchases of real estate and real estate joint ventures (958) (977)
Purchases of other limited partnership interests (806) (935)
Cash received in connection with freestanding derivatives 3,258 2,376
Cash paid in connection with freestanding derivatives (4,317) (2,887)
Cash received under repurchase agreements (Note 7) 0 199
Cash paid under reverse repurchase agreements (Note 7) 0 (199)
Sales of businesses, net of cash and cash equivalents disposed of $135 and $0, respectively 156 0
Purchases of investments in operating joint ventures (39) 0
Net change in policy loans 201 10
Net change in short-term investments (2,232) (6,644)
Net change in other invested assets (58) (350)
Other, net (384) (191)
Net cash provided by (used in) investing activities (14,586) (6,907)
Cash flows from financing activities    
Policyholder account balances: Deposits 65,225 69,383
Policyholder account balances: Withdrawals (61,145) (72,940)
Net change in payables for collateral under securities loaned and other transactions 7,227 2,664
Net change in short-term debt (3) 0
Long-term debt issued 0 1,578
Long-term debt repaid (1,273) (1,078)
Collateral financing arrangements repaid (55) (44)
Treasury stock acquired in connection with share repurchases (70) (1,107)
Preferred stock issued, net of issuance costs 0 1,483
Repurchase of preferred stock 0 (1,460)
Preferred stock repurchase premium 0 (42)
Dividends on preferred stock (58) (67)
Dividends on common stock (1,295) (1,234)
Other, net (325) 12
Net cash provided by (used in) financing activities 8,228 (2,852)
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 306 (360)
Change in cash and cash equivalents 3,131 (592)
Cash and cash equivalents, beginning of period 12,752 10,808
Cash and cash equivalents, end of period 15,883 10,216
Supplemental disclosures of cash flow information:    
Net cash paid for Interest 875 836
Net cash paid (received) for Income tax 464 904
Non-cash transactions:    
Fixed maturity securities received in connection with pension risk transfer transactions 985 903
Reduction of fixed maturity securities in connection with a reinsurance transaction 224 0
Deconsolidation of operating joint venture (Note 6):    
Reduction of fixed maturity securities 917 0
Reduction of noncontrolling interests $ 373 $ 0