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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2019
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, | 2019 |  | 2018 |
Canada |  |  |  |
Individual |  | $ | 1,100 |  |  | $ | 1,100 |
Group retirement services |  | 453 |  |  | 453 |
Group benefits |  | 1,054 |  |  | 1,054 |
U.S. Employee benefits group |  | 1,083 |  |  | 1,138 |
Asia |  | 676 |  |  | 705 |
Asset Management |  |  |  |
MFS |  | 494 |  |  | 515 |
SLC Management(1) |  | 787 |  |  | 260 |
Corporate |  |  |  |
UK |  | 185 |  |  | 187 |
Total |  | $ | 5,832 |  |  | $ | 5,412 |
(1) Prior to 2019, SLC Management was referred to as Sun Life Investment Management. Changes in the carrying amount of goodwill acquired through business combinations by reportable business segment are as follows:
| Canada |  | U.S. |  | Asia |  | Asset Management |  | Corporate |  |  | Total |
Balance, January 1, 2018 |  | $ | 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 |
Acquisitions (Note 3) |  | — |  |  | — |  |  | — |  |  | 537 |  |  | — |  |  | 537 |
Foreign exchange rate movements |  | — |  |  | (55 | ) |  | (29 | ) |  | (31 | ) |  | (2 | ) |  | (117 | )
Balance, December 31, 2019 |  | $ | 2,607 |  |  | $ | 1,083 |  |  | $ | 676 |  |  | $ | 1,281 |  |  | $ | 185 |  |  | $ | 5,832 |
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, 2018 |  | $ | 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 |
Additions |  | 151 |  |  | 115 |  |  | — |  |  | 266 |
Acquisitions |  | — |  |  | 238 |  |  | — |  |  | 238 |
Foreign exchange rate movements |  | (16 | ) |  | (28 | ) |  | (27 | ) |  | (71 | )
Balance, December 31, 2019 |  | $ | 857 |  |  | $ | 1,591 |  |  | $ | 646 |  |  | $ | 3,094 |
Accumulated amortization and impairment losses |  |  |  |  |  |  |  |
Balance, January 1, 2018 |  | $ | (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 | )
Amortization charge for the year |  | (73 | ) |  | (64 | ) |  | — |  |  | (137 | )
Impairment of intangible assets |  | (13 | ) |  | — |  |  | (2 | ) |  | (15 | )
Foreign exchange rate movements |  | 15 |  |  | 8 |  |  | — |  |  | 23 |
Balance, December 31, 2019 |  | $ | (488 | ) |  | $ | (517 | ) |  | $ | (6 | ) |  | $ | (1,011 | )
Net carrying amount, end of period: |  |  |  |  |  |  |  |
As at December 31, 2018 |  | $ | 305 |  |  | $ | 805 |  |  | $ | 669 |  |  | $ | 1,779 |
As at December 31, 2019 |  | $ | 369 |  |  | $ | 1,074 |  |  | $ | 640 |  |  | $ | 2,083 |
The components of the intangible assets are as follows:
As at December 31, | 2019 |  | 2018 |
Finite life intangible assets: |  |  |  |
Distribution, sales potential of field force |  | $ | 339 |  |  | $ | 366 |
Client relationships and asset administration contracts |  | 735 |  |  | 439 |
Internally generated software |  | 369 |  |  | 305 |
Total finite life intangible assets |  | 1,443 |  |  | 1,110 |
Indefinite life intangible assets: |  |  |  |
Fund management contracts(1) |  | 640 |  |  | 669 |
Total indefinite life intangible assets |  | 640 |  |  | 669 |
Total intangible assets |  | $ | 2,083 |  |  | $ | 1,779 |
(1) Fund management contracts are attributable to Asset Management, where its competitive position in, and the stability of, its markets support their classification as indefinite life intangible assets.

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- Definition The disclosure of the reconciliation of changes in intangible assets and goodwill. [Refer: Intangible assets and goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 38 -IssueDate 2019-01-01 -Paragraph 118 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2019-en-r&anchor=para_118&doctype=Standard -URIDate 2019-03-27 + Details
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