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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash Flows from Operating Activities    
Net Income $ 1,659 $ 1,632
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 451 435
Realized investment (gains) losses (104) (130)
Deferred income taxes 44 12
Net changes in assets and liabilities, net of non-operating effects:    
Premiums, accounts and notes receivable (1,051) (574)
Reinsurance recoverables 61 49
Deferred policy acquisition costs (145) (138)
Other assets (89) (186)
Insurance liabilities 620 433
Accounts payable, accrued expenses and other liabilities 219 (39)
Current income taxes 36 53
Loss on extinguishment of debt 100 0
Other, net (82) (75)
Net cash provided by / (used in) operating activities 1,719 1,472
Proceeds from investments sold:    
Fixed maturities and equity securities 1,452 854
Investment maturities and repayments:    
Fixed maturities and equity securities 1,018 1,285
Commercial mortgage loans 458 375
Other sales, maturities and repayments (primarily short-term and other long-term investments) 1,006 1,889
Investments purchased or originated:    
Fixed maturities and equity securities (2,686) (4,027)
Commercial mortgage loans (389) (186)
Other (primarily short-term and other long-term investments) (689) (1,221)
Property and equipment purchases (357) (350)
Acquisitions, net of cash acquired (110) 0
Other, net 0 (24)
Net cash provided by/ (used in) investing activities (297) (1,405)
Cash Flows from Financing Activities    
Deposits and interest credited to contractholder deposit funds 1,092 1,154
Withdrawals and benefit payments from contractholder deposit funds (1,053) (1,129)
Net change in short-term debt (15) (104)
Net proceeds on issuance of long-term debt 894 0
Repayment of long-term debt (938) 0
Repurchase of common stock (536) (1,256)
Issuance of common stock 136 93
Other, net (5) 18
Net cash provided by / (used in) financing activities (425) (1,224)
Effect of foreign currency rate changes on cash and cash equivalents (36) (17)
Net increase (decrease) in cash and cash equivalents 961 (1,174)
Cash and cash equivalents, January 1 1,420 2,795
Cash and cash equivalents, September 30 2,381 1,621
Supplemental Disclosure of Cash Information:    
Income taxes paid, net of refunds 881 846
Interest paid $ 192 $ 203