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Value of Business Acquired, Deferred Acquisition Costs and Deferred Sales Inducements (Tables) | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Changes in Carrying Amounts of Intangible Assets, VOBA and DAC DSI | A summary of the changes in the carrying amounts of our VOBA, DAC and DSI intangible assets is as follows (in millions):
| VOBA |  | DAC |  | DSI |  | Total
Balance at January 1, 2022 | $ | 1,185 |  |  | $ | 761 |  |  | $ | 88 |  |  | $ | 2,034 |
Deferrals | — |  |  | 334 |  |  | 38 |  |  | 372 |
Amortization | (177) |  |  | (80) |  |  | (25) |  |  | (282) |
Interest | 13 |  |  | 12 |  |  | 1 |  |  | 26 |
Unlocking | 2 |  |  | (1) |  |  | 5 |  |  | 6 |
Adjustment for net unrealized investment (gains) losses | 577 |  |  | 156 |  |  | 49 |  |  | 782 |
Balance at June 30, 2022 | $ | 1,600 |  |  | $ | 1,182 |  |  | $ | 156 |  |  | $ | 2,938 |
| VOBA |  | DAC |  | DSI |  | Total
Balance at January 1, 2021 | $ | 1,466 |  |  | $ | 222 |  |  | $ | 36 |  |  | $ | 1,724 |
Deferrals | — |  |  | 278 |  |  | 44 |  |  | 322 |
Amortization | (204) |  |  | (16) |  |  | (12) |  |  | (232) |
Interest | 15 |  |  | 5 |  |  | — |  |  | 20 |
Unlocking | 16 |  |  | — |  |  | 1 |  |  | 17 |
Adjustment for net unrealized investment (gains) losses | (15) |  |  | (27) |  |  | (5) |  |  | (47) |
Purchase price allocation adjustments | 61 |  |  | — |  |  | — |  |  | 61 |
Balance at June 30, 2021 | $ | 1,339 |  |  | $ | 462 |  |  | $ | 64 |  |  | $ | 1,865 |
Estimated Amortization Expense for VOBA in Future Fiscal Periods | For the in-force liabilities as of June 30, 2022, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions):
| Estimated Amortization Expense
Fiscal Year |
2022 | $ | (17) |
2023 | 86 |
2024 | 177 |
2025 | 161 |
2026 | 145 |
Thereafter | 703 |

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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 https://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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + 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 https://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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