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Supplemental Cash Flow Information
 9 Months Ended
Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information
Non-cash investing activities include $105 million and $63 million related to mergers and exchanges completed with equity securities and modifications of certain mortgage loans and other investments for the nine months ended September 30, 2016 and 2015, respectively. Non-cash financing activities include $34 million related to debt acquired in conjunction with the purchase of an investment for the nine months ended September 30, 2016.
Liabilities for collateral received in conjunction with the Company’s securities lending program and over-the-counter (“OTC”) and cleared derivatives are reported in other liabilities and accrued expenses or other investments. The accompanying cash flows are included in cash flows from operating activities in the Condensed Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which are as follows:
($ in millions)
Nine months ended September 30,
 
2016
 
2015
Net change in proceeds managed
 

 
 

Net change in fixed income securities
$
(126
)
 
$
—

Net change in short-term investments
175

 
6

Operating cash flow provided
49

 
6

Net change in cash
—

 
1

     Net change in proceeds managed
$
49

 
$
7

 
 
 
 
Net change in liabilities
 

 
 

Liabilities for collateral, beginning of period
$
(550
)
 
$
(510
)
Liabilities for collateral, end of period
(501
)
 
(503
)
Operating cash flow used
$
(49
)
 
$
(7
)

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.