XML 73 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Intangible Assets [Abstract]  
Disclosure of reconciliation of changes in goodwill
The carrying amounts of goodwill allocated to our CGUs or groups of CGUs are as follows:
As at December 31,
2018
 
2017
 
SLF Canada
 
 
 
 
Individual
 
$
1,100

 
$
1,066

Group retirement services
 
453

 
453

Group benefits
 
1,054

 
1,054

SLF U.S. Employee benefits group
 
1,138

 
1,043

SLF Asia
 
705

 
655

SLF Asset Management
 
 
 
 
MFS
 
515

 
481

Sun Life Investment Management ("SLIM")
 
260

 
248

Corporate
 
 
 
 
U.K.
 
187

 
183

Total
 
$
5,412

 
$
5,183

Changes in the carrying amount of goodwill acquired through business combinations by reportable segment are as follows:
 
SLF Canada
 
SLF U.S.
 
SLF Asia
 
SLF Asset Management
 
Corporate
 
 
Total

Balance, January 1, 2017
 
$
2,573

 
$
1,112

 
$
686

 
$
767

 
$
179

 
$
5,317

Acquisitions (Note 3)
 

 

 
16

 

 

 
16

Foreign exchange rate movements
 

 
(69
)
 
(47
)
 
(38
)
 
4

 
(150
)
Balance, December 31, 2017
 
$
2,573


$
1,043


$
655

 
$
729


$
183

 
$
5,183

Acquisitions
 
34

 
7

 

 

 

 
41

Foreign exchange rate movements
 

 
88

 
50

 
46

 
4

 
188

Balance, December 31, 2018
 
$
2,607


$
1,138


$
705

 
$
775


$
187


$
5,412

Disclosure of reconciliation of changes in and components of intangible assets
Changes in intangible assets are as follows:
 
 
Finite life
 
 
 
 
 
Internally generated software
 
 
Other

 
Indefinite life

 
Total

Gross carrying amount
 
 
 
 
 
 
 
 
Balance, January 1, 2017
 
$
518

 
$
1,172

 
$
661

 
$
2,351

Additions
 
81

 
5

 

 
86

Acquisitions (Note 3)
 

 
61

 

 
61

Disposals
 
(3
)
 

 

 
(3
)
Foreign exchange rate movements
 
(17
)
 
(36
)
 
(36
)
 
(89
)
Balance, December 31, 2017
 
$
579


$
1,202


$
625


$
2,406

Additions
 
118

 
(1
)
 

 
117

Acquisitions
 

 
19

 
3

 
22

Foreign exchange rate movements
 
25

 
46

 
45

 
116

Balance, December 31, 2018
 
$
722


$
1,266


$
673


$
2,661

Accumulated amortization and impairment losses
 
 
 
 
 
 
 
 
Balance, January 1, 2017
 
$
(291
)
 
$
(353
)
 
$
(4
)
 
$
(648
)
Amortization charge for the year
 
(59
)
 
(53
)
 

 
(112
)
Disposals
 
3

 

 

 
3

Foreign exchange rate movements
 
9

 
9

 

 
18

Balance, December 31, 2017
 
$
(338
)
 
$
(397
)
 
$
(4
)
 
$
(739
)
Amortization charge for the year
 
(66
)
 
(53
)
 

 
(119
)
Foreign exchange rate movements
 
(13
)
 
(11
)
 

 
(24
)
Balance, December 31, 2018
 
$
(417
)

$
(461
)

$
(4
)
 
$
(882
)
Net carrying amount, end of period:
 
 
 
 
 
 
 
 
As at December 31, 2017
 
$
241

 
$
805

 
$
621

 
$
1,667

As at December 31, 2018
 
$
305


$
805


$
669

 
$
1,779


The components of the intangible assets are as follows:
As at December 31,
2018
 
2017
 
Finite life intangible assets:
 
 
 
 
Distribution, sales potential of field force
 
$
366

 
$
376

Client relationships and asset administration contracts
 
439

 
429

Internally generated software
 
305

 
241

Total finite life intangible assets
 
1,110

 
1,046

Indefinite life intangible assets:
 
 
 
 
Fund management contracts(1)
 
669

 
621

Total indefinite life intangible assets
 
669

 
621

Total intangible assets
 
$
1,779

 
$
1,667


(1) Fund management contracts are attributable to SLF Asset Management, where its competitive position in, and the stability of, its markets support their classification as indefinite life intangible assets.