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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information
Supplemental Cash Flow Information
Non-cash investing activities include $117 million, $96 million and $102 million related to mergers and exchanges completed with equity securities and modifications of certain mortgage loans, fixed income securities and other investments in 2016, 2015 and 2014, respectively, and a $44 million obligation to fund a limited partnership investment in 2015. Non-cash financing activities also include $34 million related to debt acquired in conjunction with the purchase of an investment in 2016.
In 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. 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 $545 million, $539 million and $508 million as of December 31, 2016, 2015 and 2014, respectively, and are reported in other liabilities and accrued expenses. Obligations to return cash collateral for over-the-counter (“OTC”) and cleared derivatives were $5 million, $11 million and $2 million as of December 31, 2016, 2015 and 2014, respectively, and are reported in other liabilities and accrued expenses or other investments. The accompanying cash flows are included in cash flows from operating activities in the Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which for the years ended December 31 are as follows:
($ in millions)
2016
 
2015
 
2014
Net change in proceeds managed
 
 
 
 
 
Net change in fixed income securities
$
(277
)
 
$
—

 
$
—

Net change in short-term investments
277

 
(41
)
 
(182
)
Operating cash flow used
—

 
(41
)
 
(182
)
Net change in cash
—

 
1

 
—

Net change in proceeds managed
$
—

 
$
(40
)
 
$
(182
)
 
 
 
 
 
 
Net change in liabilities
 

 
 

 
 

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

 
$
40

 
$
182