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Consolidated Condensed Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating Activities:    
Net income $ 519 $ 562
Adjustments to reconcile net income to net cash provided (used) by operating activities, net 270 164
Changes in operating assets and liabilities, net:    
Receivables 142 138
Deferred acquisition costs (15) (15)
Insurance reserves 99 45
Other assets (6) 10
Other liabilities (187) (297)
Trading securities (494) 522
Net cash flow operating activities 328 1,129
Investing Activities:    
Purchases of fixed maturities (2,842) (3,480)
Proceeds from sales of fixed maturities 1,929 1,893
Proceeds from maturities of fixed maturities 683 965
Purchases of equity securities (12) (34)
Proceeds from sales of equity securities 19 128
Purchases of property, plant and equipment (238) (150)
Deposits for construction of offshore drilling equipment   (309)
Dispositions 41  
Change in short term investments (88) 277
Change in other investments (17) (114)
Other, net 12 8
Net cash flow investing activities (513) (816)
Financing Activities:    
Dividends paid (25) (26)
Dividends paid to noncontrolling interests (108) (98)
Purchases of treasury shares   (188)
Issuance of common stock 5 4
Proceeds from sale of subsidiary stock 245 6
Principal payments on debt (331) (913)
Issuance of debt 370 904
Other, net (2) (1)
Net cash flow financing activities 154 (312)
Effect of foreign exchange rate on cash 1 2
Net change in cash (30) 3
Cash, beginning of period 129 120
Cash, end of period $ 99 $ 123