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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 4,459 $ 6,904
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 42,055 54,497
Sales, maturities and repayments of equity securities 183 280
Sales, maturities and repayments of mortgage loans 5,065 4,341
Sales, maturities and repayments of real estate and real estate joint ventures 138 422
Sales, maturities and repayments of other limited partnership interests 402 337
Purchases of fixed maturity securities available-for-sale (44,504) (58,061)
Purchases of equity securities (76) (64)
Purchases of mortgage loans (7,236) (6,380)
Purchases of real estate and real estate joint ventures (804) (495)
Purchases of other limited partnership interests (798) (568)
Cash received in connection with freestanding derivatives 1,724 2,376
Cash paid in connection with freestanding derivatives (2,462) (2,638)
Net change in policy loans (4) (42)
Net change in short-term investments 1,202 1,055
Net change in other invested assets 65 164
Other, net (92) 12
Net cash provided by (used in) investing activities (5,142) (4,764)
Cash flows from financing activities    
Policyholder account balances: Deposits 45,511 46,858
Policyholder account balances: Withdrawals (40,945) (44,976)
Net change in payables for collateral under securities loaned and other transactions 725 1,558
Cash received for other transactions with tenors greater than three months 0 75
Cash paid for other transactions with tenors greater than three months (200) 0
Long-term debt issued 1,382 14
Long-term debt repaid (895) (200)
Collateral financing arrangement repaid (34) (36)
Financing element on certain derivative instruments and other derivative related transactions, net (14) 12
Treasury stock acquired in connection with share repurchases (1,250) (2,156)
Preferred stock issued, net of issuance costs 0 1,274
Dividends on preferred stock (89) (52)
Dividends on common stock (824) (844)
Other, net (117) 85
Net cash provided by (used in) financing activities 3,250 1,612
Effect of change in foreign currency exchange rates on cash and cash equivalents balances 47 (141)
Change in cash and cash equivalents 2,614 3,611
Cash and cash equivalents, beginning of period 15,821 12,701
Cash and cash equivalents, end of period 18,435 16,312
Supplemental disclosures of cash flow information    
Net cash paid for Interest 510 592
Net cash paid (received) for Income tax 756 577
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 410 3,016
Reduction of long-term debt 0 944
Reduction of fair value option securities 0 1,030
Reclassification of certain equity securities to other invested assets $ 0 $ 791