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Schedule II - Condensed Financial Information, Statements of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities        
Shareholders' net income $ 813 $ 510 $ 1,411 $ 1,029
Adjustments to reconcile shareholders' net income to net cash provided by (used in) operating activities:        
Other liabilities     (159) (58)
Other, net     48 48
Net cash provided by (used in) operating activities [1]     2,276 1,267
Cash Flows from Investing Activities        
Short term investments purchased     (444) (401)
Net cash provided by (used in) investing activities [1]     (732) (572)
Cash Flows from Financing Activities        
Net change in short-term debt     (14) (111)
Repayment of long-term debt     (250) 0
Issuance of common stock     76 14
Repurchase of common stock     (895) (139)
Net cash provided by (used in) financing activities     (1,143) (223)
Net increase (decrease) in cash and cash equivalents     426 486
Cash and cash equivalents, January 1     3,185 1,968
Cash and cash equivalents, June 30 $ 3,611 $ 2,454 $ 3,611 $ 2,454
[1]
As required in adopting Accounting Standard Update ("ASU") 2016-15, the Company retrospectively reclassified $71 million of cash distributions from partnership earnings from investing to operating activities for the six months ended June 30, 2016. The comparable amount reported in operating activities in 2017 was $74 million. See Note 2 for further discussion.