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10-K Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities          
Net income $ 5,160 $ 5,011 $ 5,888 $ 6,149 $ 4,572
Adjustments to reconcile net income to net cash provided by operating activities:          
Net losses on financial instruments 358 439 550 (318) (182)
Equity in net earnings of other invested assets 70 (304) (293) (562) (51)
Depreciation and amortization 1,321 1,202 1,675 1,302 1,154
Deferred income taxes (361) (183) (115) 342 (540)
Impairment of property and equipment 446 0 7 73 198
Share-based compensation 217 191 264 255 283
Changes in operating assets and liabilities:          
Receivables, net (727) (678) (2,510) (2,138) (256)
Other invested assets (46) 46 11 (70) (32)
Other assets (936) (465) 133 41 (283)
Policy liabilities 333 1,588 2,411 2,523 3,528
Unearned income 3,220 2,548 (42) (113) 202
Accounts payable and other liabilities 1,717 598 824 719 1,978
Income taxes 257 (41) (338) 140 72
Other, net 3 (35) (66) 21 45
Net cash provided by operating activities 11,032 9,917 8,399 8,364 10,688
Investing activities          
Purchases of investments (24,337) (19,612) (24,946) (18,669) (19,492)
Proceeds from sale of investments 7,830 9,402 11,988 10,269 11,318
Maturities, calls and redemptions from investments 14,531 7,606 10,620 4,344 4,741
Changes in securities lending collateral 55 (677) (301) (956) (849)
Purchases of subsidiaries, net of cash acquired (1,570) (623) (649) (3,476) (1,976)
Purchases of property and equipment (970) (854) (1,152) (1,087) (1,021)
Other, net (82) (91) (120) (63) (45)
Net cash used in investing activities (4,543) (4,849) (4,560) (9,638) (7,324)
Financing activities          
Net proceeds from commercial paper borrowings 0 375 (300) 50 (150)
Proceeds from long-term borrowings 2,574 1,286 3,071 3,462 2,484
Repayments of long-term borrowings (1,908) (982) (1,899) (1,068) (1,932)
Proceeds from short-term borrowings 0 1,365 1,365 1,325 970
Repayments of Short-term Debt (265) (1,375) (1,375) (1,050) (1,670)
Changes in securities lending payable (54) 685 302 956 849
Changes in bank overdrafts (523) 181 933 (376) 486
Repurchase and retirement of common stock (1,748) (1,748) (2,316) (1,900) (2,700)
Cash dividends (1,049) (924) (1,229) (1,104) (954)
Proceeds from issuance of common stock under employee stock plans 112 152 182 203 176
Taxes paid through withholding of common stock under employee stock plans (99) (91) (93) (102) (128)
Other, net 5 16 41 27 2
Net cash (used in) provided by financing activities (2,955) (1,060) (1,318) 423 (2,567)
Effect of foreign exchange rates on cash and cash equivalents (2) (16) (14) (10) 7
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 3,532 3,992 2,507 (861) 804
Cash and cash equivalents at beginning of period 7,387 4,880 4,880 5,741 4,937
Cash and cash equivalents at end of period $ 10,919 $ 8,872 $ 7,387 $ 4,880 $ 5,741