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Schedule II - Condensed Financial Information, Statements of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Shareholders' net income $ 598 $ 519
Adjustments to reconcile shareholders' net income to net cash provided by (used in) operating activities:    
Other liabilities (186) (263)
Other, net (31) 5
Net cash provided by (used in) operating activities [1] 1,579 921
Cash Flows from Investing Activities    
Short term investments purchased (256) (198)
Net cash provided by (used in) investing activities [1] (117) (360)
Cash Flows from Financing Activities    
Net change in short-term debt (10) (6)
Repayment of long-term debt (250) 0
Issuance of common stock 38 10
Repurchase of common stock (239) (139)
Net cash provided by (used in) financing activities (515) (146)
Net increase (decrease) in cash and cash equivalents 970 433
Cash and cash equivalents, January 1 3,185 1,968
Cash and cash equivalents, March 31 $ 4,155 $ 2,401
[1] As required in adopting Accounting Standard Update ("ASU") 2016-15, the Company retrospectively reclassified $27 million of cash distributions from partnership earnings from investing to operating activities for the first quarter of 2016. The comparable amount reported in operating activities in 2017 was $45 million. See Note 2 for further discussion.