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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 1,339 $ 1,614
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 7,499 6,837
Sales, maturities and repayments of equity securities 12 40
Sales, maturities and repayments of mortgage loans 297 366
Sales, maturities and repayments of real estate and real estate joint ventures 82 12
Sales, maturities and repayments of other limited partnership interests 75 152
Purchases of fixed maturity securities (7,310) (7,069)
Purchases of equity securities (1) (2)
Purchases of mortgage loans (1,916) (1,178)
Purchases of real estate and real estate joint ventures (27) (92)
Purchases of other limited partnership interests (99) (109)
Cash received in connection with freestanding derivatives 721 1,763
Cash paid in connection with freestanding derivatives (1,569) (2,720)
Sale of operating joint venture interest to a former affiliate 0 42
Net change in policy loans 63 2
Net change in short-term investments 154 67
Net change in other invested assets (6) (10)
Net cash provided by (used in) investing activities (2,025) (1,899)
Cash flows from financing activities    
Policyholder account balances: Deposits 2,720 1,902
Policyholder account balances: Withdrawals (1,519) (1,669)
Net change in payables for collateral under securities loaned and other transactions 97 (192)
Long-term debt repaid (6) (7)
Capital contribution 0 600
Returns of capital 0 (3,425)
Capital contribution associated with the sale of joint venture interest to a former affiliate 0 202
Financing element on certain derivative instruments and other derivative related transactions, net (226) 50
Other, net (26) 0
Net cash provided by (used in) financing activities 1,040 (2,539)
Change in cash, cash equivalents and restricted cash 354 (2,824)
Cash, cash equivalents and restricted cash, beginning of period 1,363 5,057
Cash, cash equivalents and restricted cash, end of period 1,717 2,233
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 5 75
Net cash paid (received) for income tax 2 22
Non-cash transactions:    
Transfer of fixed maturity securities to former affiliates 0 293
Reduction of policyholder account balances in connection with reinsurance transactions $ 0 $ 293