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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 2,693 $ 4,459
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 40,034 42,055
Sales, maturities and repayments of equity securities 125 183
Sales, maturities and repayments of mortgage loans 5,057 5,065
Sales, maturities and repayments of real estate and real estate joint ventures 103 138
Sales, maturities and repayments of other limited partnership interests 160 402
Purchases of fixed maturity securities available-for-sale (47,511) (44,504)
Purchases of equity securities (49) (76)
Purchases of mortgage loans (7,740) (7,236)
Purchases of real estate and real estate joint ventures (942) (804)
Purchases of other limited partnership interests (874) (798)
Cash received in connection with freestanding derivatives 5,256 1,724
Cash paid in connection with freestanding derivatives (2,017) (2,462)
Net change in policy loans 12 (4)
Net change in short-term investments (1,572) 1,202
Net change in other invested assets 65 65
Other, net 165 (92)
Net cash provided by (used in) investing activities (9,728) (5,142)
Cash flows from financing activities    
Policyholder account balances: Deposits 50,120 45,511
Policyholder account balances: Withdrawals (43,109) (40,945)
Net change in payables for collateral under securities loaned and other transactions 7,401 725
Cash received for other transactions with tenors greater than three months 50 0
Cash paid for other transactions with tenors greater than three months (50) (200)
Long-term debt issued 1,074 1,382
Long-term debt repaid (13) (895)
Collateral financing arrangement repaid (25) (34)
Financing element on certain derivative instruments and other derivative related transactions, net (242) (14)
Treasury stock acquired in connection with share repurchases (500) (1,250)
Preferred stock issued, net of issuance costs 972 0
Dividends on preferred stock (109) (89)
Dividends on common stock (823) (824)
Other, net 91 (117)
Net cash provided by (used in) financing activities 14,837 3,250
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (111) 47
Change in cash and cash equivalents 7,691 2,614
Cash and cash equivalents, beginning of period 16,598 15,821
Cash and cash equivalents, end of period 24,289 18,435
Supplemental disclosures of cash flow information    
Net cash paid for Interest 426 510
Net cash paid (received) for Income tax 130 756
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 0 410
Operating lease liability associated with the recognition of right-of-use assets 52 216
Increase in policyholder account balances associated with funding agreement backed notes issued but not settled $ 750 $ 0