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Schedule II - Condensed Financial Information
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Schedule II - Condensed Financial Information
SCHEDULE II
FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

BALANCE SHEETS
 December 31,
 20212020
 (In millions, except share data)
ASSETS
Cash$1,515 $975 
Other long-term investments52 — 
Equity securities, at fair value7 1 
Investment in unconsolidated affiliates9 10 
Notes receivable696 416 
Investments in and amounts due from subsidiaries10,215 9,646 
Property and equipment, net2 2 
Prepaid expenses and other assets275 256 
Total assets$12,771 $11,306 
LIABILITIES AND EQUITY
Liabilities:  
Accounts payable and other accrued liabilities$344 $310 
Income taxes payable72 56 
Deferred tax liability206 300 
Notes payable2,519 2,072 
Total liabilities3,141 2,738 
Equity:  
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of December 31, 2021 and December 31, 2020; outstanding of 290,533,141 and 298,203,194 as of December 31, 2021 and December 31, 2020, respectively, and issued of 325,486,429 and 322,622,948 as of December 31, 2021 and December 31, 2020, respectively
— — 
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none
— — 
Additional paid-in capital5,811 5,720 
Retained earnings4,369 2,394 
Accumulated other comprehensive earnings779 1,304 
Less: Treasury stock, 34,953,288 shares and 24,419,754 shares as of December 31, 2021 and December 31, 2020, respectively, at cost
(1,329)(850)
Total equity of Fidelity National Financial, Inc. common shareholders9,630 8,568 
Total liabilities and equity$12,771 $11,306 
SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

STATEMENTS OF EARNINGS AND RETAINED EARNINGS
 Year Ended December 31,
 202120202019
 (In millions, except per share data)
Revenues:   
Other fees and revenue$24 $32 $38 
Interest and investment income and realized gains17 25 54 
Realized gains and losses, net12 (6)(4)
Total revenues53 51 88 
Expenses:   
Personnel expenses54 58 80 
Other operating expenses25 60 62 
Interest expense87 71 48 
Total expenses166 189 190 
Losses before income tax benefit and equity in earnings of subsidiaries(113)(138)(102)
Income tax benefit(27)(33)(23)
Losses before equity in earnings of subsidiaries(86)(105)(79)
Equity in earnings of subsidiaries2,500 1,557 1,141 
Earnings from continuing operations2,414 1,452 1,062 
Equity in earnings of discontinued operations8 (25)— 
Net earnings attributable to Fidelity National Financial, Inc. common shareholders$2,422 $1,427 $1,062 
Retained earnings, beginning of year$2,394 $1,356 $641 
Dividends declared(447)(389)(347)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders2,422 1,427 1,062 
Retained earnings, end of year$4,369 $2,394 $1,356 
SCHEDULE II
FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

STATEMENTS OF CASH FLOWS
 Year Ended December 31,
 202120202019
 (In millions)
Cash Flows From Operating Activities:   
Net earnings$2,422 $1,427 $1,062 
Adjustments to reconcile net earnings to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates(6)(1)(2)
Impairment of assets— 1 4 
Equity in earnings of subsidiaries(2,500)(1,742)(1,141)
Depreciation and amortization1 1 1 
Stock-based compensation43 39 38 
Net change in income taxes65 (1)53 
Net (increase) decrease in prepaid expenses and other assets(14)(15)(185)
Net increase in accounts payable and other accrued liabilities36 26 211 
Net cash provided by (used in) operating activities47 (265)41 
Cash Flows From Investing Activities:   
Purchases of investments available for sale(52)— — 
Net purchases of short-term investment activities(6)564 (362)
Acquisition of F&G (net of cash acquired)— (1,076)— 
Additions to notes receivable(400)(3)(200)
Collection of notes receivable120 89 209 
Distributions from unconsolidated affiliates— — 2 
Additional investments in unconsolidated affiliates— (1)— 
Net cash used in investing activities(338)(427)(351)
Cash Flows From Financing Activities:   
Borrowings449 2,246 — 
Debt service payments— (1,000)— 
Debt issuance costs(6)(22)— 
Dividends paid(446)(389)(344)
Purchases of treasury stock(463)(236)(86)
Exercise of stock options48 62 39 
Payment for shares withheld for taxes and in treasury(17)(9)(15)
Additional investments in non-controlling interests— (90)— 
Other financing activity— 1 5 
Net dividends from subsidiaries1,266 539 927 
Net cash provided by financing activities831 1,102 526 
Net change in cash and cash equivalents540 410 216 
Cash at beginning of year975 565 349 
Cash at end of year$1,515 $975 $565 
See Notes to Financial Statements 
SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)
 
NOTES TO FINANCIAL STATEMENTS

A.    Summary of Significant Accounting Policies
Fidelity National Financial, Inc. transacts substantially all of its business through its subsidiaries. The Parent Company Financial Statements should be read in connection with the aforementioned Consolidated Financial Statements and Notes thereto included elsewhere herein.
B.    Notes Payable
Notes payable consist of the following:
 December 31,
 20212020
 (In millions)
4.50% Notes, net of discount
$444 $443 
5.50% Notes, net of discount
400 399 
3.40% Notes, net of discount
643 643 
2.45% Notes, net of discount
593 592 
3.20% Notes, net of discount
443 — 
Revolving credit facility (4)(5)
 $2,519 $2,072 
C.    Supplemental Cash Flow Information
 Year Ended December 31,
 202120202019
 (In millions)
Cash paid during the year:   
Interest paid$81 $58 $44 
Income tax payments609 317 251 
D.     Cash Dividends Received
We have received cash dividends from subsidiaries and affiliates of $0.6 billion, $0.5 billion, and $0.5 billion during the years ended December 31, 2021, 2020, and 2019, respectively.