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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 1,960 $ 2,435
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 11,533 12,446
Sales, maturities and repayments of equity securities 15 58
Sales, maturities and repayments of mortgage loans 443 562
Sales, maturities and repayments of real estate and real estate joint ventures 87 47
Sales, maturities and repayments of other limited partnership interests 137 194
Purchases of fixed maturity securities (11,802) (11,969)
Purchases of equity securities (1) (1)
Purchases of mortgage loans (2,771) (1,535)
Purchases of real estate and real estate joint ventures (31) (224)
Purchases of other limited partnership interests (194) (174)
Cash received in connection with freestanding derivatives 1,140 1,805
Cash paid in connection with freestanding derivatives (2,284) (3,380)
Issuance of loan to affiliate (2) 0
Sale of operating joint venture interest to a former affiliate 0 42
Net change in policy loans 80 (9)
Net change in short-term investments 154 217
Net change in other invested assets 35 31
Net cash provided by (used in) investing activities (3,461) (1,890)
Cash flows from financing activities    
Policyholder account balances: Deposits 4,259 3,012
Policyholder account balances: Withdrawals (2,129) (2,315)
Net change in payables for collateral under securities loaned and other transactions (125) (2,741)
Long-term debt issued 200 0
Long-term debt repaid (9) (10)
Capital contribution 0 1,100
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 (386) (37)
Other, net (39) 0
Net cash provided by (used in) financing activities 1,771 (4,214)
Change in cash, cash equivalents and restricted cash 270 (3,669)
Cash, cash equivalents and restricted cash, beginning of period 1,363 5,057
Cash, cash equivalents and restricted cash, end of period 1,633 1,388
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 2 81
Net cash paid (received) for income tax 3 35
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