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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net cash (used in) provided by operating activities - continuing operations $ (100) $ 59
Net cash provided by operating activities - discontinued operations 24 72
Net cash (used in) provided by operating activities (76) 131
Proceeds from the sale, maturity, disposal or redemption of:    
Fixed maturities 1,185 2,078
Equity securities 2 9
Mortgage loans on real estate 144 307
Limited partnerships/corporations 71 37
Acquisition of:    
Fixed maturities (1,537) (2,035)
Equity securities (1) (18)
Mortgage loans on real estate (234) (155)
Limited partnerships/corporations (112) (60)
Short-term investments, net (12) (9)
Derivatives, net 174 45
Sales from consolidated investment entities 63 57
Purchases within consolidated investment entities (206) (91)
Collateral (delivered) received, net (96) (107)
Other investments, net (11) (26)
Net cash used in investing activities - discontinued operations (241) (76)
Net cash (used in) provided by investing activities (811) (44)
Cash Flows from Financing Activities:    
Deposits received for investment contracts 2,038 1,076
Maturities and withdrawals from investment contracts (1,399) (1,525)
Settlements on deposit contracts (2) (2)
Borrowings of consolidated investment entities 122 36
Repayments of borrowings of consolidated investment entities (176) 0
Contributions from (distributions to) participants in consolidated investment entities, net 348 (25)
Proceeds from issuance of common stock, net 2 2
Share-based compensation (14) (15)
Common stock acquired - Share repurchase (366) (250)
Dividends paid on common stock (20) (1)
Dividends paid on preferred stock (14) (10)
Principal payments for financing leases (5) 0
Net cash provided by financing activities - discontinued operations 213 122
Net cash provided by (used in) financing activities 727 (592)
Net (decrease) increase in cash and cash equivalents (160) (505)
Cash and cash equivalents, beginning of period 1,472 1,538
Cash and cash equivalents, end of period 1,312 1,033
Less: Cash and cash equivalents of discontinued operations, end of period 279 227
Cash and cash equivalents of continuing operations, end of period 1,033 806
Accounting Standards Update 2016-02    
Non-cash investing and financing activities:    
Initial recognition of operating leases upon adoption of ASU 2016-02 $ 0 $ 146