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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net earnings $ 15,769 $ 14,239 $ 12,382
Noncash items:      
Depreciation and amortization 2,891 2,720 2,428
Deferred income taxes (8) 230 42
Share-based compensation 679 697 638
Other, net (52) (106) (71)
Net change in other operating items, net of effects from acquisitions and changes in AARP balances:      
Accounts receivable (688) 162 (1,351)
Other assets (2,195) (1,563) (750)
Medical costs payable 152 1,221 1,831
Accounts payable and other liabilities 5,348 733 526
Unearned revenues 278 130 38
Cash flows from operating activities 22,174 18,463 15,713
Investing activities      
Purchases of investments (16,577) (18,131) (14,010)
Sales of investments 6,489 8,536 3,641
Maturities of investments 7,252 7,091 6,270
Cash paid for acquisitions, net of cash assumed (7,139) (8,343) (5,997)
Purchases of property, equipment and capitalized software (2,051) (2,071) (2,063)
Other, net (506) 219 (226)
Cash flows used for investing activities (12,532) (12,699) (12,385)
Financing activities      
Common share repurchases (4,250) (5,500) (4,500)
Cash dividends paid (4,584) (3,932) (3,320)
Proceeds from common stock issuances 1,440 1,037 838
Repayments of long-term debt (3,150) (1,750) (2,600)
Proceeds from (repayments of) short-term borrowings, net 872 300 (201)
Proceeds from issuance of long-term debt 4,864 5,444 6,935
Customer funds administered 1,677 13 (131)
Other, net (459) (1,237) (1,386)
Cash flows used for financing activities (3,590) (5,625) (4,365)
Effect of exchange rate changes on cash and cash equivalents (116) (20) (78)
Increase (decrease) in cash and cash equivalents 5,936 119 (1,115)
Cash and cash equivalents, beginning of period 10,985 10,866 11,981
Cash and cash equivalents, end of period 16,921 10,985 10,866
Supplemental cash flow disclosures      
Cash paid for interest 1,704 1,627 1,410
Cash paid for income taxes $ 4,935 $ 3,542 $ 3,257