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Goodwill and Intangible Assets (Tables)
 12 Months Ended
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.