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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Intangible Assets [Abstract] |
Disclosure of reconciliation of changes in goodwill | 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, 2020 |  | $ | 2,607 |  |  | $ | 1,083 |  |  | $ | 676 |  |  | $ | 1,281 |  |  | $ | 185 |  |  | $ | 5,832 |
Acquisitions (Note 3) |  | — |  |  | — |  |  | — |  |  | 278 |  |  | — |  |  | 278 |
Foreign exchange rate movements |  | — |  |  | (21) |  |  | (11) |  |  | (8) |  |  | 2 |  |  | (38) |
Balance, December 31, 2020 |  | $ | 2,607 |  |  | $ | 1,062 |  |  | $ | 665 |  |  | $ | 1,551 |  |  | $ | 187 |  |  | $ | 6,072 |
Acquisitions (Note 3) |  | — |  |  | 53 |  |  | 3 |  |  | 423 |  |  | — |  |  | 479 |
Foreign exchange rate movements |  | — |  |  | (7) |  |  | (9) |  |  | (15) |  |  | (3) |  |  | (34) |
Balance, December 31, 2021 |  | $ | 2,607 |  |  | $ | 1,108 |  |  | $ | 659 |  |  | $ | 1,959 |  |  | $ | 184 |  |  | $ | 6,517 |
The carrying amounts of goodwill allocated to our CGUs or groups of CGUs are as follows:
As at December 31, | 2021 | 2020
Canada |  | $ | 2,607 |  |  | $ | 2,607 |
U.S. Employee benefits group |  | 1,108 |  |  | 1,062 |
Asia |  | 659 |  |  | 665 |
Asset Management |  |  |  |
MFS |  | 483 |  |  | 486 |
SLC Management(1) |  | 1,476 |  |  | 1,065 |
Corporate |  |  |  |
UK |  | 184 |  |  | 187 |
Total |  | $ | 6,517 |  |  | $ | 6,072 |
(1) Reflects a change in presentation to combine all SLC Management CGUs as one group effective January 1, 2021.
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, 2020 |  | $ | 857 |  |  | $ | 1,591 |  |  | $ | 646 |  |  | $ | 3,094 |
Additions |  | 230 |  |  | — |  |  | — |  |  | 230 |
Acquisitions |  | — |  |  | 63 |  |  | 295 |  |  | 358 |
Disposals |  | (4) |  |  | (5) |  |  | — |  |  | (9) |
Foreign exchange rate movements |  | (13) |  |  | (15) |  |  | (3) |  |  | (31) |
Balance, December 31, 2020 |  | $ | 1,070 |  |  | $ | 1,634 |  |  | $ | 938 |  |  | $ | 3,642 |
Additions |  | 219 |  |  | 471 |  |  | — |  |  | 690 |
Acquisitions |  | — |  |  | 271 |  |  | 153 |  |  | 424 |
Disposals |  | (24) |  |  | — |  |  | — |  |  | (24) |
Foreign exchange rate movements |  | — |  |  | (9) |  |  | (10) |  |  | (19) |
Balance, December 31, 2021 |  | $ | 1,265 |  |  | $ | 2,367 |  |  | $ | 1,081 |  |  | $ | 4,713 |
Accumulated amortization and impairment losses |  |  |  |  |  |  |  |
Balance, January 1, 2020 |  | $ | (488) |  |  | $ | (517) |  |  | $ | (6) |  |  | $ | (1,011) |
Amortization charge for the year |  | (78) |  |  | (78) |  |  | — |  |  | (156) |
Impairment of intangible assets |  | (2) |  |  | — |  |  | (9) |  |  | (11) |
Foreign exchange rate movements |  | 7 |  |  | 5 |  |  | 1 |  |  | 13 |
Balance, December 31, 2020 |  | $ | (561) |  |  | $ | (590) |  |  | $ | (14) |  |  | $ | (1,165) |
Amortization charge for the year |  | (79) |  |  | (114) |  |  | — |  |  | (193) |
Disposals |  | 24 |  |  | — |  |  | — |  |  | 24 |
Impairment of intangible assets |  | — |  |  | — |  |  | (9) |  |  | (9) |
Foreign exchange rate movements |  | 1 |  |  | (1) |  |  | — |  |  | — |
Balance, December 31, 2021 |  | $ | (615) |  |  | $ | (705) |  |  | $ | (23) |  |  | $ | (1,343) |
Net carrying amount, end of period: |  |  |  |  |  |  |  |
As at December 31, 2020 |  | $ | 509 |  |  | $ | 1,044 |  |  | $ | 924 |  |  | $ | 2,477 |
As at December 31, 2021 |  | $ | 650 |  |  | $ | 1,662 |  |  | $ | 1,058 |  |  | $ | 3,370 |
The components of the intangible assets are as follows:
As at December 31, | 2021 | 2020
Finite life intangible assets: |  |  |  |
Distribution, sales potential of field force |  | $ | 295 |  |  | $ | 316 |
Client relationships and asset administration contracts |  | 1,367 |  |  | 728 |
Internally generated software |  | 650 |  |  | 509 |
Total finite life intangible assets |  | 2,312 |  |  | 1,553 |
Indefinite life intangible assets: |  |  |  |
Fund management contracts(1) |  | 1,058 |  |  | 924 |
Total indefinite life intangible assets |  | 1,058 |  |  | 924 |
Total intangible assets |  | $ | 3,370 |  |  | $ | 2,477 |
(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 detailed information about intangible assets. [Refer: Intangible assets other than goodwill] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2021-01-01 -Paragraph 118 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=38&code=ifrs-tx-2021-en-r&anchor=para_118&doctype=Standard -URIDate 2021-03-24 + Details
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