XML 18 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Supplemental Cash Flow Information
 6 Months Ended
Jun. 30, 2016
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information
Non-cash investing activities include $99 million and $42 million related to mergers and exchanges completed with equity securities and modifications of other investments for the six months ended June 30, 2016 and 2015, respectively. Non-cash financing activities include $34 million related to debt acquired in conjunction with the purchase of an investment for the six months ended June 30, 2016.
Liabilities for collateral received in conjunction with the Company’s securities lending program and over-the-counter (“OTC”) and cleared derivatives are reported in other liabilities and accrued expenses or other investments. The accompanying cash flows are included in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which are as follows:
($ in millions)
Six months ended June 30,
 
2016
 
2015
Net change in proceeds managed
 

 
 

Net change in short-term investments
$
(45
)
 
$
45

Operating cash flow (used) provided
$
(45
)
 
$
45

 
 
 
 
Net change in liabilities
 

 
 

Liabilities for collateral, beginning of period
$
(550
)
 
$
(510
)
Liabilities for collateral, end of period
(595
)
 
(465
)
Operating cash flow provided (used)
$
45

 
$
(45
)

In second quarter 2016, the Company transferred to an unconsolidated affiliate a $50 million surplus note issued by a consolidated subsidiary in exchange for a note receivable with a principal sum equal to that of the surplus note.