XML 121 R101.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Financial Information of Registrant - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net cash provided by operating activities $ 1,890 $ 427 $ (314)
Investing activities:      
Purchases of investments (670) (2,536) (1,444)
Proceeds from sales and maturities of investments 1,097 2,302 2,445
Purchases of property, equipment and capitalized software (74) (57) (30)
Net cash received from sale of subsidiaries 0 0 190
Other, net 2 (2) (18)
Net cash (used in) provided by investing activities (400) (293) 1,143
Financing activities:      
Proceeds from senior notes offerings, net of issuance costs 1,429 0 0
Common stock purchases (606) (47) 0
Repayment of term loan facility (600) 0 0
Proceeds from borrowings under term loan facility 380 220 0
Repayment of senior notes (338) 0 0
Cash paid for partial termination of warrants (30) (514) (549)
Cash paid for partial settlement of conversion option (27) (578) (623)
Cash received for partial settlement of call option 27 578 623
Repayment of principal amount of convertible notes (12) (240) (362)
Repayment of credit facility 0 0 (300)
Other, net 2 29 18
Net cash provided by (used in) financing activities 225 (552) (1,193)
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents 1,715 (418) (364)
Cash and cash equivalents, and restricted cash and cash equivalents at beginning of period 2,508 2,926 3,290
Cash and cash equivalents, and restricted cash and cash equivalents at end of period 4,223 2,508 2,926
Parent Company      
Operating activities:      
Net cash provided by operating activities 59 64 118
Investing activities:      
Capital contributions to subsidiaries (107) (43) (145)
Dividends received from subsidiaries 635 1,373 298
Purchases of investments (188) (152) (136)
Proceeds from sales and maturities of investments 282 93 388
Purchases of property, equipment and capitalized software (74) (56) (22)
Net cash paid in business combinations (1,028) 0 0
Net cash received from sale of subsidiaries 0 0 242
Change in amounts due to/from affiliates (68) 38 6
Other, net 3 1 0
Net cash (used in) provided by investing activities (545) 1,254 631
Financing activities:      
Proceeds from senior notes offerings, net of issuance costs 1,429 0 0
Common stock purchases (606) (47) 0
Repayment of term loan facility (600) 0 0
Proceeds from borrowings under term loan facility 380 220 0
Repayment of senior notes (338) 0 0
Cash paid for partial termination of warrants (30) (514) (549)
Cash paid for partial settlement of conversion option (27) (578) (623)
Cash received for partial settlement of call option 27 578 623
Repayment of principal amount of convertible notes (12) (240) (362)
Repayment of credit facility 0 0 (300)
Other, net 2 29 19
Net cash provided by (used in) financing activities 225 (552) (1,192)
Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents (261) 766 (443)
Cash and cash equivalents, and restricted cash and cash equivalents at beginning of period 836 70 513
Cash and cash equivalents, and restricted cash and cash equivalents at end of period $ 575 $ 836 $ 70