Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions |
9 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
| Cash flows from operating activities |
|
|
| Net income |
$ 1,015
|
$ 1,175
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Gain on sale of business |
0
|
(267)
|
| Net realized capital gains |
(65)
|
(88)
|
| Stock-based compensation |
76
|
92
|
| Depreciation |
289
|
263
|
| Other intangible amortization |
59
|
72
|
| Provision for deferred income taxes |
54
|
13
|
| Changes in operating assets and liabilities, net of effect of businesses acquired and dispositions: |
|
|
| Receivables |
396
|
56
|
| Other assets |
(419)
|
(1,080)
|
| Benefits payable |
73
|
447
|
| Other liabilities |
127
|
(140)
|
| Unearned revenues |
2,987
|
(64)
|
| Other, net |
117
|
52
|
| Net cash provided by operating activities |
4,709
|
531
|
| Cash flows from investing activities |
|
|
| Proceeds from sale of business |
0
|
1,055
|
| Acquisitions, net of cash acquired |
(7)
|
(38)
|
| Purchases of property and equipment |
(395)
|
(384)
|
| Purchases of investment securities |
(4,533)
|
(4,345)
|
| Maturities of investment securities |
1,082
|
881
|
| Proceeds from sales of investment securities |
3,319
|
3,448
|
| Net cash (used in) provided by investing activities |
(534)
|
617
|
| Cash flows from financing activities |
|
|
| Receipts (withdrawals) from contract deposits, net |
350
|
(984)
|
| Proceeds (repayment) of commercial paper, net |
(1)
|
10
|
| Change in book overdraft |
(118)
|
(38)
|
| Common stock repurchases |
(75)
|
(380)
|
| Dividends paid |
(133)
|
(129)
|
| Excess tax benefit from stock-based compensation |
0
|
15
|
| Proceeds from stock option exercises and other |
0
|
20
|
| Net cash provided by (used in) financing activities |
23
|
(1,486)
|
| Increase (decrease) in cash and cash equivalents |
4,198
|
(338)
|
| Cash and cash equivalents at beginning of period |
2,571
|
1,935
|
| Cash and cash equivalents at end of period |
6,769
|
1,597
|
| Supplemental cash flow disclosures: |
|
|
| Interest payments |
102
|
105
|
| Income tax payments, net |
$ 851
|
$ 1,038
|