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Schedule II - Condensed Financial Information
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Schedule II - Condensed Financial Information
SCHEDULE II
FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

BALANCE SHEETS
 December 31,
 20222021
 (In millions, except share data)
ASSETS
Cash$406 $1,515 
Short-term investments533 — 
Other long-term investments35 52 
Equity securities, at fair value1 7 
Investment in unconsolidated affiliates3 9 
Notes receivable303 696 
Investments in and amounts due from subsidiaries6,794 10,215 
Property and equipment, net2 2 
Prepaid expenses and other assets243 275 
Total assets$8,320 $12,771 
LIABILITIES AND EQUITY
Liabilities:  
Accounts payable and other accrued liabilities$291 $344 
Income taxes payable— 72 
Deferred tax liability71 206 
Notes payable2,123 2,519 
Total liabilities2,485 3,141 
Equity:  
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of December 31, 2022 and December 31, 2021; outstanding of 279,064,457 and 290,533,141 as of December 31, 2022 and December 31, 2021, respectively, and issued of 327,757,349 and 325,486,429 as of December 31, 2022 and December 31, 2021, respectively
— — 
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none
— — 
Additional paid-in capital5,876 5,811 
Retained earnings4,714 4,369 
Accumulated other comprehensive earnings(2,862)779 
Less: Treasury stock, 48,692,892 shares and 34,953,288 shares as of December 31, 2022 and December 31, 2021, respectively, at cost
(1,893)(1,329)
Total equity of Fidelity National Financial, Inc. common shareholders5,835 9,630 
Total liabilities and equity$8,320 $12,771 
SCHEDULE II

FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

STATEMENTS OF EARNINGS AND RETAINED EARNINGS
 Year Ended December 31,
 202220212020
 (In millions, except per share data)
Revenues:   
Other fees and revenue$(37)$24 $32 
Interest and investment income and realized gains43 17 25 
Realized gains and losses, net(42)12 (6)
Total revenues(36)53 51 
Expenses:   
Personnel expenses(11)54 58 
Other operating expenses16 25 60 
Interest expense92 87 71 
Total expenses97 166 189 
Losses before income tax benefit and equity in earnings of subsidiaries(133)(113)(138)
Income tax benefit(33)(27)(33)
Losses before equity in earnings of subsidiaries(100)(86)(105)
Equity in earnings of subsidiaries1,236 2,500 1,557 
Earnings from continuing operations1,136 2,414 1,452 
Equity in earnings of discontinued operations— 8 (25)
Net earnings attributable to Fidelity National Financial, Inc. common shareholders$1,136 $2,422 $1,427 
Retained earnings, beginning of year$4,369 $2,394 $1,356 
Dividends declared(490)(447)(389)
Distribution of F&G to FNF common shareholders(301)— — 
Net earnings attributable to Fidelity National Financial, Inc. common shareholders1,136 2,422 1,427 
Retained earnings, end of year$4,714 $4,369 $2,394 
SCHEDULE II
FIDELITY NATIONAL FINANCIAL, INC.
(Parent Company)

STATEMENTS OF CASH FLOWS
 Year Ended December 31,
 202220212020
 (In millions)
Cash Flows From Operating Activities:   
Net earnings$1,136 $2,422 $1,427 
Adjustments to reconcile net earnings to net cash provided by operating activities:
Equity in earnings of unconsolidated affiliates— (6)(1)
Impairment of assets— — 1 
Equity in earnings of subsidiaries(1,236)(2,500)(1,742)
Depreciation and amortization1 1 1 
Stock-based compensation48 43 39 
Net change in income taxes748 65 (1)
Net (increase) decrease in prepaid expenses and other assets41 (14)(15)
Net increase in accounts payable and other accrued liabilities(50)36 26 
Net cash provided by (used in) operating activities688 47 (265)
Cash Flows From Investing Activities:   
Purchases of investments available for sale— (52)— 
Net purchases of short-term investment activities(509)(6)564 
Acquisition of F&G (net of cash acquired)— — (1,076)
Additions to notes receivable(87)(400)(3)
Collection of notes receivable79 120 89 
Distributions from unconsolidated affiliates— — — 
Additional investments in unconsolidated affiliates— — (1)
Net cash used in investing activities(517)(338)(427)
Cash Flows From Financing Activities:   
Borrowings— 449 2,246 
Debt service payments(400)— (1,000)
Debt issuance costs— (6)(22)
Dividends paid(489)(446)(389)
Purchases of treasury stock(553)(463)(236)
Exercise of stock options39 48 62 
Payment for shares withheld for taxes and in treasury(15)(17)(9)
Additional investments in non-controlling interests(2)— (90)
Other financing activity— — 1 
Net dividends from subsidiaries140 1,266 539 
Net cash provided by financing activities(1,280)831 1,102 
Net change in cash and cash equivalents(1,109)540 410 
Cash at beginning of year1,515 975 565 
Cash at end of year$406 $1,515 $975 
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,
 20222021
 (In millions)
4.50% Notes, net of discount
$445 $444 
5.50% Notes, net of discount
— 400 
3.40% Notes, net of discount
644 643 
2.45% Notes, net of discount
594 593 
3.20% Notes, net of discount
443 443 
Revolving credit facility (3)(4)
 $2,123 $2,519 
C.    Supplemental Cash Flow Information
 Year Ended December 31,
 202220212020
 (In millions)
Cash paid during the year:   
Interest paid$95 $81 $58 
Income tax payments459 609 317 
D.     Cash Dividends Received
We have received cash dividends from subsidiaries and affiliates of $0.8 billion, $0.6 billion, and $0.5 billion during the years ended December 31, 2022, 2021, and 2020, respectively.