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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2023 | $ | 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 |
Foreign currency translation | — |  |  | (9) |  |  | — |  |  | (9) |
Other adjustments | — |  |  | — |  |  | — |  |  | — |
Balance at December 31, 2024 | $ | 279 |  |  | $ | 1,031 |  |  | $ | 91 |  |  | $ | 1,401 |
Schedule of components of indefinite-lived intangible assets | The carrying amount of indefinite-lived intangible assets consisted of the following:
| December 31,
2024 |  | 2023
(in millions)
Customer contracts | $ | 844 |  |  | $ | 848 |
Trade names | 65 |  |  | 67 |
Total | $ | 909 |  |  | $ | 915 |
Schedule of components of definite-lived intangible assets | Definite-lived intangible assets consisted of the following:
| December 31, 2024 |  | December 31, 2023
Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
(in millions)
Customer relationships | $ | 370 |  |  | $ | (204) |  |  | $ | 166 |  |  | $ | 380 |  |  | $ | (191) |  |  | $ | 189 |
Contracts | 226 |  |  | (218) |  |  | 8 |  |  | 228 |  |  | (219) |  |  | 9 |
Other | 357 |  |  | (269) |  |  | 88 |  |  | 343 |  |  | (243) |  |  | 100 |
Total | $ | 953 |  |  | $ | (691) |  |  | $ | 262 |  |  | $ | 951 |  |  | $ | (653) |  |  | $ | 298 |
Schedule of estimated future intangible amortization expense | Estimated intangible amortization expense as of December 31, 2024 for the next five years is as follows:
| (in millions)
2025 | $ | 53 |
2026 | 48 |
2027 | 36 |
2028 | 26 |
2029 | 22 |

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