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Asset Management Fees (Tables) | 6 Months Ended
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Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue | The following table presents the sources of asset management fees on a consolidated basis. Asset Management Fees
| Second Quarter |  | Six Months
| 2022 |  | 2021 |  | 2022 |  | 2021
| (in millions)
Management fees: |  |  |  |  |  |  |
CLOs (1) | $ | 8 |  |  | $ | 11 |  |  | $ | 17 |  |  | $ | 22 |
Opportunity funds and liquid strategies | 8 |  |  | 4 |  |  | 12 |  |  | 8 |
Wind-down funds | — |  |  | 1 |  |  | 1 |  |  | 4 |
Total management fees | 16 |  |  | 16 |  |  | 30 |  |  | 34 |
Performance fees | 1 |  |  | — |  |  | 15 |  |  | 1 |
Reimbursable fund expenses | 4 |  |  | 5 |  |  | 10 |  |  | 10 |
Total asset management fees | $ | 21 |  |  | $ | 21 |  |  | $ | 55 |  |  | $ | 45 |
_____________________ (1) To the extent that the Company’s wind-down and/or opportunity funds are invested in AssuredIM managed CLOs, AssuredIM may rebate any management fees and/or performance fees earned from the CLOs. Gross management fees from CLOs, before rebates, were $8 million, $11 million, $17 million and $25 million for second quarter 2022, second quarter 2021, six months 2022 and six months 2021, respectively.

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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
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