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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 6,392 $ 3,750
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities available-for-sale 48,015 44,199
Sales, maturities and repayments of equity securities 473 335
Sales, maturities and repayments of mortgage loans 6,685 8,626
Sales, maturities and repayments of real estate and real estate joint ventures 438 736
Sales, maturities and repayments of other limited partnership interests 1,227 332
Purchases of fixed maturity securities available-for-sale (44,368) (46,011)
Purchases of equity securities (375) (34)
Purchases of mortgage loans (10,157) (6,235)
Purchases of real estate and real estate joint ventures (615) (429)
Purchases of other limited partnership interests (1,506) (1,347)
Cash received in connection with freestanding derivatives 2,513 1,769
Cash paid in connection with freestanding derivatives (4,518) (5,602)
Sales of businesses 590 3,329
Purchases of investments in operating joint ventures (240) 0
Net change in policy loans 79 137
Net change in short-term investments 4,219 116
Net change in other invested assets (737) 40
Other, net (34) (6)
Net cash provided by (used in) investing activities 1,689 (45)
Cash flows from financing activities    
Policyholder account balances: Deposits 56,109 50,865
Policyholder account balances: Withdrawals (52,428) (46,995)
Net change in payables for collateral under securities loaned and other transactions (7,809) 506
Cash paid for other transactions with tenors greater than three months 0 (100)
Long-term debt issued 6 15
Long-term debt repaid (23) (28)
Collateral financing arrangement repaid (25) (27)
Financing element on certain derivative instruments and other derivative related transactions, net 121 318
Treasury stock acquired in connection with share repurchases (2,056) (2,112)
Redemption of preferred stock 0 (494)
Preferred stock redemption premium 0 (6)
Dividends on preferred stock (92) (103)
Dividends on common stock (805) (829)
Other, net (180) 58
Net cash provided by (used in) financing activities (7,182) 1,068
Effect of change in foreign currency exchange rates on cash and cash equivalents balances (467) (192)
Change in cash and cash equivalents 432 4,581
Cash and cash equivalents, including subsidiaries held-for-sale, beginning of period 20,116 20,560
Cash and cash equivalents, including subsidiaries held-for-sale, end of period 20,548 25,141
Cash and cash equivalents, subsidiaries held-for-sale, beginning of period 69 765
Cash and cash equivalents, subsidiaries held-for-sale, end of period 0 104
Cash and cash equivalents, beginning of period 20,047 19,795
Cash and cash equivalents, end of period 20,548 25,037
Supplemental disclosures of cash flow information    
Net cash paid for Interest 435 440
Net cash paid (received) for Income tax 577 748
Non-cash transactions:    
Fixed maturity securities available-for-sale received in connection with pension risk transfer transactions 1,258 0
Real estate and real estate joint ventures acquired in satisfaction of debt 187 171
Increase in equity securities due to in-kind distributions received from other limited partnership interests 63 151
Increase in policyholder account balances associated with funding agreement backed notes issued but not settled $ 184 $ 0