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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 3,325 $ 2,612
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized gains on financial instruments (5) (138)
Other-than-temporary impairment losses recognized in income 18 21
Loss on extinguishment of debt 17 0
Loss on disposal of assets 2 3
Deferred income taxes 141 (238)
Amortization, net of accretion 752 581
Depreciation expense 92 82
Share-based compensation 135 131
Changes in operating assets and liabilities:    
Receivables, net (823) 612
Other invested assets (17) (26)
Other assets (734) (517)
Policy liabilities (556) 275
Unearned income (42) 970
Accounts payable and accrued expenses 756 563
Other liabilities 190 251
Income taxes 273 356
Other, net (160) (52)
Net cash provided by operating activities 3,364 5,486
Investing activities    
Purchases of fixed maturity securities (6,790) (10,271)
Proceeds from fixed maturity securities:    
Sales 4,971 7,668
Maturities, calls and redemptions 1,442 1,388
Payments to acquire equity securities 812 481
Proceeds from sale of equity securities 2,119 621
Purchases of other invested assets (324) (253)
Proceeds from sales of other invested assets 251 164
Change in collateral and settlements of non-hedging derivatives 0 65
Changes in securities lending collateral (286) 172
Purchases of subsidiaries, net of cash acquired (1,732) (34)
Purchases of property and equipment (888) (516)
Proceeds from sales of property and equipment 0 3
Other, net 17 12
Net cash used in investing activities (2,032) (1,462)
Financing activities    
Net (repayments of) proceeds from commercial paper borrowings (54) 687
Proceeds from long-term borrowings 835 0
Repayments of long-term borrowings (1,393) (930)
Proceeds from short-term borrowings 5,300 3,850
Repayments of short-term borrowings (5,305) (3,110)
Changes in securities lending payable 287 (173)
Changes in bank overdrafts 97 (127)
Proceeds from sale of put options 0 1
Proceeds from Issuance of common stock under Equity Units stock purchase contracts 1,250 0
Repurchase and retirement of common stock (1,192) (1,635)
Change in collateral and settlements of debt-related derivatives 22 (176)
Cash dividends (583) (525)
Proceeds from issuance of common stock under employee stock plans 133 178
Taxes paid through withholding of common stock under employee stock plans (77) (46)
Net cash used in financing activities (680) (2,006)
Effect of foreign exchange rates on cash and cash equivalents (1) 4
Change in cash and cash equivalents 651 2,022
Cash and cash equivalents at beginning of period 3,609 4,075
Cash and cash equivalents at end of period $ 4,260 $ 6,097