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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of changes in carrying amount of goodwill reported in main operating segments | The changes in the carrying amount of goodwill reported in the Company’s main operating segments were as follows:
| Advice & Wealth Management |  | Asset Management |  | Retirement & Protection Solutions |  | Consolidated
(in millions)
Balance at January 1, 2021 | $ | 279 |  |  | $ | 806 |  |  | $ | 91 |  |  | $ | 1,176 |
Acquisitions | — |  |  | 287 |  |  | — |  |  | 287 |
Foreign currency translation | — |  |  | (4) |  |  | — |  |  | (4) |
Other adjustments | — |  |  | (1) |  |  | — |  |  | (1) |
Balance at December 31, 2021 | 279 |  |  | 1,088 |  |  | 91 |  |  | 1,458 |
Foreign currency translation | — |  |  | (59) |  |  | — |  |  | (59) |
Other adjustments | — |  |  | (10) |  |  | — |  |  | (10) |
Balance at December 31, 2022 | $ | 279 |  |  | $ | 1,019 |  |  | $ | 91 |  |  | $ | 1,389 |
Schedule of components of indefinite-lived intangible assets | The carrying amount of indefinite-lived intangible assets consisted of the following:
| December 31,
2022 |  | 2021
(in millions)
Customer contracts | $ | 837 |  |  | $ | 848 |
Trade names | 67 |  |  | 69 |
Total | $ | 904 |  |  | $ | 917 |
Schedule of components of definite-lived intangible assets | Definite-lived intangible assets consisted of the following:
| December 31, 2022 |  | December 31, 2021
Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount
(in millions)
Customer relationships | $ | 265 |  |  | $ | (174) |  |  | $ | 91 |  |  | $ | 254 |  |  | $ | (163) |  |  | $ | 91 |
Contracts | 222 |  |  | (210) |  |  | 12 |  |  | 235 |  |  | (217) |  |  | 18 |
Other | 295 |  |  | (206) |  |  | 89 |  |  | 272 |  |  | (188) |  |  | 84 |
Total | $ | 782 |  |  | $ | (590) |  |  | $ | 192 |  |  | $ | 761 |  |  | $ | (568) |  |  | $ | 193 |
Schedule of estimated future intangible amortization expense | Estimated intangible amortization expense as of December 31, 2022 for the next five years is as follows:
| (in millions)
2023 | $ | 42 |
2024 | 31 |
2025 | 26 |
2026 | 21 |
2027 | 13 |

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