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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 3,750 $ 2,693
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 44,199 40,034
Sales, maturities and repayments of equity securities 335 125
Sales, maturities and repayments of mortgage loans 8,626 5,057
Sales, maturities and repayments of real estate and real estate joint ventures 736 103
Sales, maturities and repayments of other limited partnership interests 332 160
Purchases of fixed maturity securities available-for-sale (46,011) (47,511)
Purchases of equity securities (34) (49)
Purchases of mortgage loans (6,235) (7,740)
Purchases of real estate and real estate joint ventures (429) (942)
Purchases of other limited partnership interests (1,347) (874)
Cash received in connection with freestanding derivatives 1,769 5,256
Cash paid in connection with freestanding derivatives (5,602) (2,017)
Sales of businesses 3,329 0
Net change in policy loans 137 12
Net change in short-term investments 116 (1,572)
Net change in other invested assets 40 65
Other, net (6) 165
Net cash provided by (used in) investing activities (45) (9,728)
Cash flows from financing activities    
Policyholder account balances: Deposits 50,865 50,120
Policyholder account balances: Withdrawals (46,995) (43,109)
Net change in payables for collateral under securities loaned and other transactions 506 7,401
Cash received for other transactions with tenors greater than three months 0 50
Cash paid for other transactions with tenors greater than three months (100) (50)
Long-term debt issued 15 1,074
Long-term debt repaid (28) (13)
Collateral financing arrangement repaid (27) (25)
Financing element on certain derivative instruments and other derivative related transactions, net 318 (242)
Treasury stock acquired in connection with share repurchases (2,112) (500)
Preferred stock issued, net of issuance costs 0 972
Redemption of preferred stock (494) 0
Preferred stock redemption premium (6) 0
Dividends on preferred stock (103) (109)
Dividends on common stock (829) (823)
Other, net 58 91
Net cash provided by (used in) financing activities 1,068 14,837
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (192) (111)
Change in cash and cash equivalents 4,581 7,691
Cash and cash equivalents, including subsidiary held-for-sale, beginning of period 20,560 16,598
Cash and cash equivalents, including subsidiary held-for-sale, end of period 25,141 24,289
Cash and cash equivalents, subsidiary held-for-sale, beginning of period 765 0
Cash and cash equivalents, subsidiary held-for-sale, end of period 104 0
Cash and cash equivalents, beginning of period 19,795 16,598
Cash and cash equivalents, end of period 25,037 24,289
Supplemental disclosures of cash flow information    
Net cash paid for Interest 440 426
Net cash paid (received) for Income tax 748 130
Assets held-for-sale 7,590 0
Liabilities held-for-sale 6,844 0
Net assets held-for-sale 746 0
Non-cash transactions:    
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability 179 52
Real estate and real estate joint ventures acquired in satisfaction of debt 171 0
Increase in equity securities due to in-kind distributions received from other limited partnership interests 151 40
Increase in policyholder account balances associated with funding agreement backed notes issued but not settled $ 0 $ 750