XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net income $ 3,799 $ 2,690
Adjustments to reconcile net income to net cash provided by operating activities:    
Net realized (gains) losses on financial instruments 6 (89)
Depreciation and amortization 556 586
Deferred income taxes 60 79
Share-based compensation 134 140
Changes in operating assets and liabilities:    
Receivables, net (313) (589)
Other invested assets 24 (28)
Other assets (486) (258)
Policy liabilities 1,024 1,251
Unearned income (110) (2)
Accounts Payable and Other Operating Liabilities 1,868 (383)
Income taxes 1,313 (286)
Other, net 150 (44)
Net cash provided by operating activities 8,025 3,067
Investing activities    
Payments to acquire investments (11,135) (11,113)
Proceeds from sale of investments 4,724 8,835
Maturities, calls and redemptions from investments 1,836 894
Purchases of subsidiaries, net of cash acquired (1,906) 0
Purchases of property and equipment (437) (455)
Other, net (800) 22
Net cash used in investing activities (7,718) (1,817)
Financing activities    
Net (repayments of) proceeds from commercial paper borrowings (400) 203
Proceeds from long-term borrowings 2,484 0
Repayments of long-term borrowings (155) (73)
Proceeds from short-term borrowings 820 4,805
Repayments of short-term borrowings (1,520) (4,940)
Repurchase and retirement of common stock (584) (752)
Cash dividends (482) (412)
Proceeds from issuance of common stock under employee stock plans 92 100
Taxes paid through withholding of common stock under employee stock plans (111) (80)
Other, net 640 43
Net cash provided by (used in) financing activities 784 (1,106)
Change in cash and cash equivalents 1,091 144
Cash and cash equivalents at beginning of period 4,937 3,934
Cash and cash equivalents at end of period $ 6,028 $ 4,078