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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2021 |  | $ | 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 |
Acquisitions (Note 3) |  | — |  |  | 2,030 |  |  |  |  | — |  |  | — |  |  | — |  |  | 2,030 |
Impairment(1) |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  | (170) |  |  | (170) |
Foreign exchange rate movements |  | — |  |  | 226 |  |  |  |  | 41 |  |  | 75 |  |  | (14) |  |  | 328 |
Balance, December 31, 2022 |  | $ | 2,607 |  |  | $ | 3,364 |  |  |  |  | $ | 700 |  |  | $ | 2,034 |  |  | $ | — |  |  | $ | 8,705 |
(1) The sale of Sun Life UK resulted in an impairment charge of $170 for the UK CGU within Corporate. See Note 3 for details. The carrying amounts of goodwill allocated to our CGUs or groups of CGUs are as follows:
As at December 31, | 2022 | 2021
Canada |  | $ | 2,607 |  |  | $ | 2,607 |
U.S.(1) |  |  |  |
Group Benefits |  | 1,132 |  |  | 1,108 |
Dental |  | 2,232 |  |  | — |
Asia |  | 700 |  |  | 659 |
Asset Management |  |  |  |
MFS |  | 513 |  |  | 483 |
SLC Management |  | 1,521 |  |  | 1,476 |
Corporate |  |  |  |
UK |  | — |  |  | 184 |
Total |  | $ | 8,705 |  |  | $ | 6,517 |
(1) Reflects a change in presentation in our U.S. business segment as two CGU groups effective June 1, 2022.
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, 2021 |  | $ | 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 |
Additions |  | 206 |  |  | 23 |  |  | — |  |  | 229 |
Acquisitions |  | 232 |  |  | 999 |  |  | — |  |  | 1,231 |
Disposals |  | (1) |  |  | — |  |  | — |  |  | (1) |
Foreign exchange rate movements |  | 59 |  |  | 153 |  |  | 36 |  |  | 248 |
Balance, December 31, 2022 |  | $ | 1,761 |  |  | $ | 3,542 |  |  | $ | 1,117 |  |  | $ | 6,420 |
Accumulated amortization and impairment losses |  |  |  |  |  |  |  |
Balance, January 1, 2021 |  | $ | (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) |
Amortization charge for the year |  | (113) |  |  | (174) |  |  | — |  |  | (287) |
Disposals |  | 1 |  |  | — |  |  | — |  |  | 1 |
Impairment of intangible assets |  | (16) |  |  | (2) |  |  | — |  |  | (18) |
Foreign exchange rate movements |  | (22) |  |  | (25) |  |  | (2) |  |  | (49) |
Balance, December 31, 2022 |  | $ | (765) |  |  | $ | (906) |  |  | $ | (25) |  |  | $ | (1,696) |
Net carrying amount, end of period: |  |  |  |  |  |  |  |
As at December 31, 2021 |  | $ | 650 |  |  | $ | 1,662 |  |  | $ | 1,058 |  |  | $ | 3,370 |
As at December 31, 2022 |  | $ | 996 |  |  | $ | 2,636 |  |  | $ | 1,092 |  |  | $ | 4,724 |
The components of the intangible assets are as follows:
As at December 31, | 2022 | 2021
Finite life intangible assets: |  |  |  |
Distribution, sales potential of field force |  | $ | 281 |  |  | $ | 295 |
Client relationships and asset administration contracts |  | 2,355 |  |  | 1,367 |
Internally generated software |  | 996 |  |  | 650 |
Total finite life intangible assets |  | 3,632 |  |  | 2,312 |
Indefinite life intangible assets: |  |  |  |
Fund management contracts(1) |  | 1,092 |  |  | 1,058 |
Total indefinite life intangible assets |  | 1,092 |  |  | 1,058 |
Total intangible assets |  | $ | 4,724 |  |  | $ | 3,370 |
(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 2022-03-24 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2022-en-r&anchor=para_118&doctype=Standard -URIDate 2022-03-24 + Details
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