XML 171 R147.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Financial Information (Parent Company) (Condensed Statements of Cash Flows) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 25, 2019
Aug. 03, 2017
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities                          
Net income (loss)     $ (1,070) $ 683 $ 384 $ (737) $ 1,442 $ (271) $ (239) $ (67) $ (740) $ 865 $ (378)
Other, net                     75 114 129
Net cash provided by (used in) operating activities                     1,828 3,062 3,396
Cash flows from investing activities                          
Sales, maturities and repayments of fixed maturity securities                     14,146 15,819 17,214
Purchases of fixed maturity securities                     (16,915) (16,460) (18,782)
Net change in short-term investments                     (1,942) 312 1,030
Net cash provided by (used in) investing activities                     (7,341) (4,538) (3,915)
Cash flows from financing activities                          
Treasury stock acquired in connection with share repurchases                     (442) (105) 0
Preferred stock issued, net of issuance costs $ 412                   412 0 0
Dividends on preferred stock                     (21) 0 0
Distribution to MetLife, Inc.   $ (1,800)                 0 0 (1,798)
Net cash provided by (used in) financing activities                     4,245 3,764 (2,852)
Cash and cash equivalents, beginning of year           4,145         4,145    
Cash and cash equivalents, end of year     2,877       4,145       2,877 4,145  
Supplemental disclosures of cash flow information                          
Net cash paid (received) for interest                     187 159 155
Net cash paid (received) for income tax                     16 (895) (637)
Parent Company                          
Cash flows from operating activities                          
Net income (loss)                     (740) 865 (378)
Equity in (earnings) losses of subsidiaries                     602 (1,003) 566
Distribution from subsidiary                     195 52 50
Other, net                     (16) 7 (252)
Net cash provided by (used in) operating activities                     41 (79) (14)
Cash flows from investing activities                          
Sales, maturities and repayments of fixed maturity securities                     194 3 510
Purchases of fixed maturity securities                     (4) 0 (749)
Capital contributions to subsidiary                     (412) (208) (1,300)
Net change in short-term investments                     (455) 0 0
Net cash provided by (used in) investing activities                     (677) (205) (1,539)
Cash flows from financing activities                          
Long-term and short-term debt issued                     2,156 893 3,724
Long-term and short-term debt repaid                     (1,716) (351) 0
Debt issuance costs                     0 (12) (39)
Treasury stock acquired in connection with share repurchases                     (442) (105) 0
Preferred stock issued, net of issuance costs                     412 0 0
Dividends on preferred stock                     (21) 0 0
Distribution to MetLife, Inc.                     0 0 (1,798)
Credit facility fees                     (2) (6) (8)
Net cash provided by (used in) financing activities                     387 419 1,879
Change in cash and cash equivalents                     (249) 135 326
Cash and cash equivalents, beginning of year           $ 461       $ 326 461 326 0
Cash and cash equivalents, end of year     $ 212       $ 461       212 461 326
Supplemental disclosures of cash flow information                          
Net cash paid (received) for interest                     187 158 67
Cash received from MetLife, Inc. for income tax                     0 (7) 0
Income tax paid (received) by Brighthouse Financial, Inc.                     (4) 1 1
Net cash paid (received) for income tax                     $ (4) $ (6) $ 1