XML 61 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Summary of Carrying Amounts of Goodwill and Intangible Assets

(a) Carrying amounts of goodwill and intangible assets

 

As at December 31, 2018    Balance,
January 1,
2018		      Additions/
disposals(3)		     Amortization
expense		      Effect of changes
in foreign
exchange rates		     Balance,
December 31,
2018		  

Goodwill

    $ 5,713      $ (65 )    $ n/a      $ 216     $ 5,864  

Indefinite life intangible assets

             

Brand

      753        –       n/a        66       819  

Fund management contracts and other(1)

      755        3       n/a        40       798  
       1,508        3       n/a        106       1,617  

Finite life intangible assets(2)

             

Distribution networks

      989          (133 )      48        60       868  

Customer relationships

      899        –       55        16       860  

Software

      661        275       147        32       821  

Other

      70        –       5        2       67  
       2,619        142       255        110       2,616  

Total intangible assets

      4,127        145       255        216       4,233  

Total goodwill and intangible assets

    $ 9,840      $ 80     $   255      $ 432     $   10,097  
As at December 31, 2017    Balance,
January 1,
2017		      Additions/
disposals		     Amortization
expense		      Effect of changes
in foreign
exchange rates		     Balance,
December 31,
2017		  

Goodwill

    $ 5,884      $ –     $ n/a      $   (171 )    $ 5,713  

Indefinite life intangible assets

             

Brand

      805        –       n/a        (52 )      753  

Fund management contracts and other(1)

      785        –       n/a        (30 )      755  
       1,590        –       n/a        (82 )      1,508  

Finite life intangible assets(2)

             

Distribution networks

      1,093        –       47        (57 )      989  

Customer relationships

      969        –       56        (14 )      899  

Software

      494        303       121        (15 )      661  

Other

      77        –       5        (2 )      70  
       2,633        303       229        (88 )      2,619  

Total intangible assets

      4,223        303       229        (170 )      4,127  

Total goodwill and intangible assets

    $   10,107      $ 303     $ 229      $ (341 )    $ 9,840  

 

(1)

For fund management contracts, the significant CGUs to which these were allocated and their associated carrying values were U.S. WAM with $400 (2017 – $367) and Canada WAM with $273 (2017 – $273).
(2)

Gross carrying amount of finite life intangible assets was $1,331 for distribution networks, $1,145 for customer relationships, $2,110 for software and $133 for other (2017 – $1,294, $1,128, $1,841 and $126, respectively).
(3)

In 2018, disposals include $65 of goodwill and $96 of distribution networks from the sale of the U.S. broker-dealer business, and impairments of distribution networks for discontinued products of $27 in U.S. segment and $13 in Asia segment.
Summary of Impairment Testing of Goodwill

The following tables present the carrying value of goodwill by CGU or group of CGUs.

 

As at December 31, 2018

CGU or group of CGUs

    Balance,
January 1,
2018		      Additions/
disposals		      Effect of
changes in
foreign
exchange
rates		      Balance,
December 31,
2018		  

Asia

            

Asia Insurance (excluding Japan)

    $ 154      $ –      $ 11      $ 165  

Japan Insurance

      391        –        44        435  

Canada Insurance

      1,954        –        8        1,962  

U.S. Insurance

      400        (65 )       32        367  

Global Wealth and Asset Managment

            

Asia WAM

      180        –        16        196  

Canada WAM

      1,436        –        –        1,436  

U.S. WAM

      1,198        –        105        1,303  

Total

    $ 5,713      $ (65 )     $ 216      $ 5,864  

As at December 31, 2017

CGU or group of CGUs

    Balance,
January 1,
2017		      Additions/
disposals		      Effect of
changes in
foreign
exchange
rates		      Balance,
December 31,
2017		  

Asia

            

Asia Insurance (excluding Japan)

    $ 160      $ –      $ (6 )     $ 154  

Japan Insurance

      403        –        (12 )       391  

Canada Insurance

      1,960        –        (6 )       1,954  

U.S. Insurance

      428        –        (28 )       400  

Global Wealth and Asset Managment

            

Asia WAM

      194        –        (14 )       180  

Canada WAM

      1,436        –        –        1,436  

U.S. WAM

      1,303        –        (105 )       1,198  

Total

    $   5,884      $           –      $   (171 )     $   5,713