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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Indefinite-Lived Intangible Assets | The following table summarizes the carrying value for the Company’s goodwill and other intangible assets: Goodwill and Other Intangible Assets
| Weighted Average Amortization Period as of December 31, 2022 |  | As of December 31,
|  | 2022 |  | 2021
|  |  | (in millions)
Goodwill (1) |  |  | $ | 117 |  |  | $ | 117 |
Finite-lived intangible assets: |  |  |  |  |
CLO contracts | 5.8 years |  | 42 |  |  | 42 |
Investment management contracts | 1.5 years |  | 24 |  |  | 24 |
CLO distribution network | 1.8 years |  | 9 |  |  | 9 |
Trade name | 6.8 years |  | 3 |  |  | 3 |
Favorable sublease | 1.2 years |  | 1 |  |  | 1 |
Lease-related intangibles | 4.3 years |  | 3 |  |  | 3 |
Finite-lived intangible assets, gross | 4.6 years |  | 82 |  |  | 82 |
Accumulated amortization |  |  | (42) |  |  | (30) |
Finite-lived intangible assets, net |  |  | 40 |  |  | 52 |
Indefinite-lived intangible assets (insurance licenses) |  |  | 6 |  |  | 6 |
Total goodwill and other intangible assets |  |  | $ | 163 |  |  | $ | 175 |
_____________________ (1) Includes goodwill allocated to the European subsidiaries of BlueMountain. The balance changes due to foreign currency translation. The amount of goodwill deductible for tax purposes was approximately $92 million as of December 31, 2022 and $99 million as of December 31, 2021.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of December 31, 2022, future annual amortization of finite-lived intangible assets is estimated to be: Estimated Future Amortization Expense for Finite-Lived Intangible Assets
|  | As of December 31, 2022
Year |  | (in millions)
2023 | $ | 11 |
2024 | 10 |
2025 | 6 |
2026 | 5 |
2027 |  | 5 |
Thereafter | 3 |
Total | $ | 40 |

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