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Supplemental Cash Flow Information
 12 Months Ended
Dec. 31, 2019
Supplemental Cash Flow Information [Abstract]  
Supplemental Cash Flow Information Supplemental Cash Flow Information
Non-cash investing activities include $67 million, $43 million and $51 million related to mergers and exchanges completed with equity securities, fixed income securities and limited partnerships, and modifications of certain mortgage loans and other investments in 2019, 2018 and 2017, respectively.
In 2017, the Company redeemed $325 million of surplus notes due to Kennett Capital, Inc. (“Kennett”), an unconsolidated affiliate of ALIC. In connection with the redemption, the related $325 million of notes due from Kennett (recorded as other investments) were extinguished.
Liabilities for collateral received in conjunction with the Company’s securities lending program were $522 million, $517 million and $539 million as of December 31, 2019, 2018 and 2017, respectively, and are reported in other liabilities and accrued expenses. Obligations to return cash collateral for over-the-counter (“OTC”) and cleared derivatives were $8 million, $8 million and $3 million as of December 31, 2019, 2018 and 2017, respectively, and are reported in other liabilities and accrued expenses or other investments.
The accompanying cash flows are included in cash flows from operating activities in the Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which for the years ended December 31 are as follows:
($ in millions)
2019
 
2018
 
2017
Net change in proceeds managed
 
 
 
 
 
Net change in fixed income securities
$
28

 
$
94

 
$
149

Net change in short-term investments
(33
)
 
(77
)
 
(142
)
Operating cash flow (used) provided
(5
)
 
17

 
7

Net change in cash
—

 
—

 
1

Net change in proceeds managed
$
(5
)
 
$
17

 
$
8

 
 
 
 
 
 
Net change in liabilities
 

 
 

 
 

Liabilities for collateral, beginning of year
$
(525
)
 
$
(542
)
 
$
(550
)
Liabilities for collateral, end of year
(530
)
 
(525
)
 
(542
)
Operating cash flow provided (used)
$
5

 
$
(17
)
 
$
(8
)