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Supplemental Cash Flow Information
12 Months Ended
Dec. 31, 2015
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information
Non-cash investing activities include $96 million, $102 million and $306 million related to modifications of certain mortgage loans, fixed income securities and other investments, as well as mergers completed with equity securities in 2015, 2014 and 2013, respectively, and a $44 million obligation to fund a limited partnership investment in 2015.
In 2015, the Company paid dividends to AIC of $103 million, including $86 million in the form of investment securities.
Liabilities for collateral received in conjunction with the Company’s securities lending program were $539 million, $508 million and $322 million as of December 31, 2015, 2014 and 2013, respectively, and are reported in other liabilities and accrued expenses. Obligations to return cash collateral for over-the-counter (“OTC”) and cleared derivatives were $11 million, $2 million and $6 million as of December 31, 2015, 2014 and 2013, respectively, and are reported in other liabilities and accrued expenses or other investments. The accompanying cash flows are included in cash flows from operating activities in the Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which for the years ended December 31 are as follows:
($ in millions)
2015
 
2014
 
2013
Net change in proceeds managed
 
 
 
 
 
Net change in short-term investments
$
(41
)
 
$
(182
)
 
$
235

Operating cash flow (used) provided
(41
)
 
(182
)
 
235

Net change in cash
1

 

 
(2
)
Net change in proceeds managed
$
(40
)
 
$
(182
)
 
$
233

 
 
 
 
 
 
Net change in liabilities
 

 
 

 
 

Liabilities for collateral, beginning of year
$
(510
)
 
$
(328
)
 
$
(561
)
Liabilities for collateral, end of year
(550
)
 
(510
)
 
(328
)
Operating cash flow provided (used)
$
40

 
$
182

 
$
(233
)