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Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements (Tables) | 9 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes Intangible Assets, VOBA and DAC DSI | A summary of the changes in the carrying amounts of our VOBA, DAC and DSI intangible assets are as follows (in millions):
| VOBA |  | DAC |  | DSI |  | Total
Balance at December 31, 2020 | $ | 1,466 |  |  | $ | 222 |  |  | $ | 36 |  |  | $ | 1,724 |
Deferrals | — |  |  | 427 |  |  | 65 |  |  | 492 |
Amortization | (376) |  |  | (34) |  |  | (26) |  |  | (436) |
Interest | 23 |  |  | 8 |  |  | 1 |  |  | 32 |
Unlocking | (1) |  |  | 1 |  |  | (1) |  |  | (1) |
Adjustment for net unrealized investment losses (gains) | 38 |  |  | (18) |  |  | (1) |  |  | 19 |
Purchase price allocation adjustments | 61 |  |  | — |  |  | — |  |  | 61 |
Balance at September 30, 2021 | $ | 1,211 |  |  | $ | 606 |  |  | $ | 74 |  |  | $ | 1,891 |
| VOBA |  | DAC |  | DSI |  | Total
Balance at December 31, 2019 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
F&G acquisition | 1,903 |  |  | — |  |  | — |  |  | 1,903 |
Deferrals | — |  |  | 130 |  |  | 25 |  |  | 155 |
Amortization | (56) |  |  | (3) |  |  | (2) |  |  | (61) |
Interest | 12 |  |  | 1 |  |  | — |  |  | 13 |
Unlocking | (1) |  |  | — |  |  | — |  |  | (1) |
Adjustment for net unrealized investment (gains) losses | (228) |  |  | (15) |  |  | (4) |  |  | (247) |
Balance at September 30, 2020 | $ | 1,630 |  |  | $ | 113 |  |  | $ | 19 |  |  | $ | 1,762 |
Estimated Amortization Expense for VOBA in Future Fiscal Periods | For the inforce liabilities as of September 30, 2021, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions):
| Estimated Amortization Expense
Fiscal Year |
2021 | $ | (17) |
2022 | 40 |
2023 | 165 |
2024 | 159 |
2025 | 153 |
Thereafter | 956 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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