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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net earnings $ 1,279 $ 1,236
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Change in receivables and advance premiums 53 1
Increase in deferred policy acquisition costs (103) (87)
Increase in policy liabilities 1,654 1,714
Change in income tax liabilities (136) 130
Realized investment (gains) losses 114 (140)
Other, net (7) 249 [1]
Net cash provided (used) by operating activities 2,854 3,103
Securities available for sale:    
Fixed maturities sold 675 1,410
Fixed maturities matured or called 612 518
Perpetual securities matured or called 234 348
Equity securities sold 50 1
Securities held to maturity:    
Fixed maturities matured or called 736 420
Costs of investments acquired:    
Available for sale fixed maturities acquired (3,827) (3,004)
Available for sale equity securities acquired (691) 0
Other investments, net (324) (31)
Settlement of derivatives, net 664 (2,200)
Cash received (pledged or returned) as collateral, net (525) (1,001)
Other, net (33) (27)
Net cash provided (used) by investing activities (2,429) (3,566)
Cash flows from financing activities:    
Purchases of treasury stock (1,014) (848)
Proceeds from borrowings 0 998
Principal payments under debt obligations (1) (850)
Dividends paid to shareholders (330) (328)
Change in investment-type contracts, net 82 147
Treasury stock reissued 19 20
Other, net (37) (226) [1]
Net cash provided (used) by financing activities (1,281) (1,087)
Effect of exchange rate changes on cash and cash equivalents 206 (5)
Net change in cash and cash equivalents (650) (1,555)
Cash and cash equivalents, beginning of period 4,350 4,658
Cash and cash equivalents, end of period 3,700 3,103
Supplemental disclosures of cash flow information:    
Income taxes paid 944 527
Interest paid 101 127
Noncash interest 30 30
Impairment losses included in realized investment losses [2] 47 6
Capital lease obligations incurred 2 1
Associate stock bonus    
Treasury stock issued for:    
Treasury stock issued 17 18
Shareholder dividend reinvestment    
Treasury stock issued for:    
Treasury stock issued 12 12
Share-based compensation grants    
Treasury stock issued for:    
Treasury stock issued $ 5 4
8.50% senior notes due May 2019    
Extinguishment of debt, make-whole premium   $ 230
[1] Operating activities excludes and financing activities includes a cash outflow of $230 for the make-whole payment associated with the early extinguishment of debt
[2] Includes $33 and an immaterial amount for the three-month periods and $47 and $6 for the six-month periods ended June 30, 2016 and 2015, respectively, from change in intent to sell securities or change in intent to hold securities until recovery