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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income $ 3,367 $ 2,707 $ 1,683
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on sale of business 0 0 786
Gains on investment securities, net (838) (62) (90)
Equity in net earnings (74) (14) (11)
Stock compensation 181 163 137
Depreciation 528 505 444
Amortization 88 70 90
Provision for deferred income taxes 195 162 194
Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions:      
Receivables (85) (32) (164)
Other assets (581) 118 (484)
Benefits payable 2,139 1,142 252
Other liabilities 599 471 (676)
Unearned revenues 71 (36) (95)
Other 49 90 107
Net cash provided by operating activities 5,639 5,284 2,173
Cash flows from investing activities      
Acquisitions, net of cash acquired (709) 0 (354)
Purchase of equity method investment in Kindred at Home 0 0 (1,095)
Cash transferred in sale of business 0 0 (805)
Purchases of property and equipment (964) (736) (612)
Purchases of investment securities (9,125) (6,361) (4,687)
Maturities of investment securities 4,986 1,733 972
Proceeds from sales of investment securities 2,747 4,086 3,494
Net cash used in investing activities (3,065) (1,278) (3,087)
Cash flows from financing activities      
Withdrawals from contract deposits, net (939) (623) (640)
Proceeds from issuance of senior notes, net 1,088 987 0
Repayment of senior notes (400) (400) 0
Proceeds (repayments) from issuance of commercial paper, net 295   485
Proceeds (repayments) from issuance of commercial paper, net   (360)  
Proceeds from term loan 1,000 0 1,000
Repayment of term loan (1,000) (650) (350)
Common stock repurchases (1,820) (1,070) (1,090)
Dividends paid (323) (291) (265)
Change in book overdraft 95 54 30
Proceeds from stock option exercises & other 49 58 45
Net cash used in financing activities (1,955) (2,295) (785)
Increase (decrease) in cash and cash equivalents 619 1,711 (1,699)
Cash and cash equivalents at beginning of period 4,054 2,343 4,042
Cash and cash equivalents at end of period 4,673 4,054 2,343
Supplemental cash flow disclosures:      
Interest payments 258 212 195
Income tax payments, net 1,132 518 631
Details of businesses acquired in purchase transactions:      
Fair value of assets acquired, net of cash acquired 819 28 392
Less: Fair value of liabilities assumed (110) (28) (38)
Cash paid for acquired businesses, net of cash acquired $ 709 $ 0 $ 354