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Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of changes in the carrying amounts of VOBA, DAC and DSI Intangible Assets

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 January 1, 2022			$	1,185					$	761					$	88					$	2,034
Purchase price allocation adjustments									—						—						—
Deferrals			—						727						87						814
Amortization			(203)						(107)						(43)						(353)
Interest			25						30						2						57
Unlocking			(5)						(4)						5						(4)
Adjustment for net unrealized investment (gains) losses			662						182						68						912
Balance at December 31, 2022			$	1,664					$	1,589					$	207					$	3,460
			VOBA						DAC						DSI						Total
Balance at January 1, 2021			$	1,466					$	222					$	36					$	1,724
Purchase price allocation adjustments			61						—						—						61
Deferrals			—						585						90						675
Amortization			(436)						(46)						(35)						(517)
Interest			30						13						1						44
Unlocking			13						1						(2)						12
Adjustment for net unrealized investment (losses) gains			51						(14)						(2)						35
Balance at December 31, 2021			$	1,185					$	761					$	88					$	2,034

Other intangible assets as of December 31, 2022 consist of the following (in millions):

			Cost						Accumulated amortization						Net carrying amount						Weighted average useful life (years)
Customer relationships and contracts			$	916					$	(713)					$	203					10
Computer software			537						(341)						196						2 to 10
Value of distribution asset (VODA)			140						(40)						100						15
Definite lived trademarks, tradenames, and other			56						(41)						15						10
Indefinite lived tradenames and other			60						N/A						60						Indefinite
Total															$	574

Other intangible assets as of December 31, 2021 consist of the following (in millions):

			Cost						Accumulated amortization						Net carrying amount						Weighted average useful life (years)
Customer relationships and contracts			$	803					$	(651)					$	152					10
Computer software			488						(307)						181						2 to 10
Value of distribution Asset (VODA)			140						(25)						115						15
Definite lived trademarks, tradenames, and other			49						(33)						16						10
Indefinite lived tradenames and other			59						N/A						59						Indefinite
Total															$	523

Estimated Amortization Expense for VOBA in Future Fiscal Periods

For the in-force liabilities as of December 31, 2022, the estimated amortization expense for VOBA in future fiscal periods is as follows (in millions):

			Estimated Amortization Expense
Fiscal Year
2023			$	(53)
2024			172
2025			151
2026			133
2027			129
Thereafter			702

Schedule of Other Indefinite-Lived Intangible Assets

Other intangible assets as of December 31, 2022 consist of the following (in millions):

			Cost						Accumulated amortization						Net carrying amount						Weighted average useful life (years)
Customer relationships and contracts			$	916					$	(713)					$	203					10
Computer software			537						(341)						196						2 to 10
Value of distribution asset (VODA)			140						(40)						100						15
Definite lived trademarks, tradenames, and other			56						(41)						15						10
Indefinite lived tradenames and other			60						N/A						60						Indefinite
Total															$	574

Other intangible assets as of December 31, 2021 consist of the following (in millions):

			Cost						Accumulated amortization						Net carrying amount						Weighted average useful life (years)
Customer relationships and contracts			$	803					$	(651)					$	152					10
Computer software			488						(307)						181						2 to 10
Value of distribution Asset (VODA)			140						(25)						115						15
Definite lived trademarks, tradenames, and other			49						(33)						16						10
Indefinite lived tradenames and other			59						N/A						59						Indefinite
Total															$	523

Definite and Indefinite Lived Other Intangible Assets

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 January 1, 2022			$	1,185					$	761					$	88					$	2,034
Purchase price allocation adjustments									—						—						—
Deferrals			—						727						87						814
Amortization			(203)						(107)						(43)						(353)
Interest			25						30						2						57
Unlocking			(5)						(4)						5						(4)
Adjustment for net unrealized investment (gains) losses			662						182						68						912
Balance at December 31, 2022			$	1,664					$	1,589					$	207					$	3,460
			VOBA						DAC						DSI						Total
Balance at January 1, 2021			$	1,466					$	222					$	36					$	1,724
Purchase price allocation adjustments			61						—						—						61
Deferrals			—						585						90						675
Amortization			(436)						(46)						(35)						(517)
Interest			30						13						1						44
Unlocking			13						1						(2)						12
Adjustment for net unrealized investment (losses) gains			51						(14)						(2)						35
Balance at December 31, 2021			$	1,185					$	761					$	88					$	2,034

Other intangible assets as of December 31, 2022 consist of the following (in millions):

			Cost						Accumulated amortization						Net carrying amount						Weighted average useful life (years)
Customer relationships and contracts			$	916					$	(713)					$	203					10
Computer software			537						(341)						196						2 to 10
Value of distribution asset (VODA)			140						(40)						100						15
Definite lived trademarks, tradenames, and other			56						(41)						15						10
Indefinite lived tradenames and other			60						N/A						60						Indefinite
Total															$	574

Other intangible assets as of December 31, 2021 consist of the following (in millions):

			Cost						Accumulated amortization						Net carrying amount						Weighted average useful life (years)
Customer relationships and contracts			$	803					$	(651)					$	152					10
Computer software			488						(307)						181						2 to 10
Value of distribution Asset (VODA)			140						(25)						115						15
Definite lived trademarks, tradenames, and other			49						(33)						16						10
Indefinite lived tradenames and other			59						N/A						59						Indefinite
Total															$	523

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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