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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net earnings $ 3,465 $ 3,557
Noncash items:    
Depreciation and amortization 723 639
Deferred income taxes 202 134
Share-based compensation 231 243
Other, net 45 42
Net change in other operating items, net of effects from acquisitions and changes in AARP balances:    
Accounts receivable (2,652) (1,421)
Other assets (4,249) (1,495)
Medical costs payable 1,120 1,125
Accounts payable and other liabilities 4,137 318
Unearned revenues (79) 92
Cash flows from operating activities 2,943 3,234
Investing activities    
Purchases of investments (3,866) (3,540)
Sales of investments 2,170 1,510
Maturities of investments 1,726 1,711
Cash paid for acquisitions, net of cash assumed (929) (689)
Purchases of property, equipment and capitalized software (469) (562)
Other, net (165) 154
Cash flows used for investing activities (1,533) (1,416)
Financing activities    
Common share repurchases (1,691) (3,002)
Cash dividends paid (1,024) (860)
Proceeds from common stock issuances 557 323
Repayments of long-term debt 0 (1,250)
Proceeds from short-term borrowings, net 10,797 3,101
Customer funds administered 1,062 1,784
Other, net (398) (368)
Cash flows from (used for) financing activities 9,303 (272)
Effect of exchange rate changes on cash and cash equivalents (129) (5)
Increase in cash and cash equivalents 10,584 1,541
Cash and cash equivalents, beginning of period 10,985 10,866
Cash and cash equivalents, end of period $ 21,569 $ 12,407