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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
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 reportable segments were as follows:
| Advice & Wealth Management |  | Asset Management |  | Retirement & Protection Solutions |  | Consolidated
(in millions)
Balance at January 1, 2022 | $ | 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 |
Foreign currency translation | — |  |  | 27 |  |  | — |  |  | 27 |
Other adjustments | — |  |  | (6) |  |  | — |  |  | (6) |
Balance at December 31, 2023 | $ | 279 |  |  | $ | 1,040 |  |  | $ | 91 |  |  | $ | 1,410 |
Schedule of components of indefinite-lived intangible assets | The carrying amount of indefinite-lived intangible assets consisted of the following:
| December 31,
2023 |  | 2022
(in millions)
Customer contracts | $ | 848 |  |  | $ | 837 |
Trade names | 67 |  |  | 67 |
Total | $ | 915 |  |  | $ | 904 |
Schedule of components of definite-lived intangible assets | Definite-lived intangible assets consisted of the following:
| December 31, 2023 |  | December 31, 2022
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
(in millions)
Customer relationships | $ | 380 |  |  | $ | (191) |  |  | $ | 189 |  |  | $ | 265 |  |  | $ | (174) |  |  | $ | 91 |
Contracts | 228 |  |  | (219) |  |  | 9 |  |  | 222 |  |  | (210) |  |  | 12 |
Other | 343 |  |  | (243) |  |  | 100 |  |  | 295 |  |  | (206) |  |  | 89 |
Total | $ | 951 |  |  | $ | (653) |  |  | $ | 298 |  |  | $ | 782 |  |  | $ | (590) |  |  | $ | 192 |
Schedule of estimated future intangible amortization expense | Estimated intangible amortization expense as of December 31, 2023 for the next five years is as follows:
| (in millions)
2024 | $ | 53 |
2025 | 47 |
2026 | 43 |
2027 | 35 |
2028 | 24 |

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