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DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)
 3 Months Ended
Mar. 31, 2023
Contract holder Bonus Interest Credits [Abstract]  
Schedule of Deferred Policy Acquisition Costs
The following table summarizes the balance of and changes in DAC on January 1, 2021 resulting from the adoption of ASU 2018-12:
 Protection SolutionsLegacyIndividual RetirementGroup RetirementTotal
TermUL (1)VUL (2)IUL (3)GMxB LegacyGMxB CoreEI (4)IE (5)SCSEG (6)Momentum
(in millions)
Balance, December 31, 2020$403 $— $— $— $654 $1,635 $134 $95 $645 $553 $79 $4,198 
Adjustment for reversal of balances recorded in Accumulated Other Comprehensive Income— 177 714 162 13 11 20 (1)210 81 22 1,409 
Balance, January 1, 2021 (7)$403 $177 $714 $162 $667 $1,646 $154 $94 $855 $634 $101 $5,607 
______________
(1)    “UL” defined as Universal Life
(2)    “VUL” defined as Variable Universal Life
(3)    "IUL” defined as Indexed Universal Life
(4)    “EI” defined as EQUI-VEST Individual
(5)    “IE” defined as Investment Edge
(6)    “EG” defined as EQUI-VEST Group
(7)     DAC transition table not inclusive of Closed Block of $136 million and Protection Solutions of $3 million transition adjustment.
Changes in the DAC asset for the three months ended March 31, 2023 and 2022 were as follows:

Protection SolutionsIndividual RetirementLegacyGroup RetirementCorporate and OtherTotal
TermULVUL IUL GMxB CoreEI IE SCSGMxB LegacyEG MomentumCB
(1)
(in millions)
Balance beginning of the period
$362 $179 $889 $185 $1,625 $156 $148 $1,279 $593 $710 $89 $127 $6,342 
Capitalization 4 1 35 3 19 3 11 101 6 16 3 — 202 
Amortization(10)(3)(14)(3)(35)(3)(3)(47)(16)(10)(5)(3)(152)
Balance, March 31, 2023$356 $177 $910 $185 $1,609 $156 $156 $1,333 $583 $716 $87 $124 $6,392 
______________
(1)“CB” defined as Closed Block
Protection SolutionsIndividual RetirementLegacyGroup RetirementCorporate and OtherTotal
TermULVUL IUL GMxB CoreEI IE SCSGMxB LegacyEG MomentumCB
(1)
(in millions)
Balance beginning of the period
$385 $180 $799 $180 $1,653 $156 $121 $1,070 $631 $677 $94 $138 $6,084 
Capitalization4 3 36 4 31 3 10 88 8 18 4 — 209 
Amortization (2)(10)(3)(12)(2)(33)(3)(4)(40)(16)(10)(5)(3)(141)
Balance, March 31, 2022$379 $180 $823 $182 $1,651 $156 $127 $1,118 $623 $685 $93 $135 $6,152 
______________
(1)“CB” defined as Closed Block.
(2)DAC amortization of $2 million related to Other not reflected in table above.

Changes in the Individual Retirement Sales Inducement Assets for the three months ended March 31, 2023 and 2022 were as follows:
Three Months Ended March 31,
20232022
GMxB CoreGMxB LegacyGMxB CoreGMxB Legacy
(in millions)
Balance beginning of the period
$137 $200 $147 $222 
Amortization(3)(5)(3)(6)
Balance, end of the period
$134 $195 $144 $216 
Changes in the Protection Solution Unearned Revenue Liability for the three months ended March 31, 2023 and 2022 were as follows:
Three Months Ended March 31,
20232022
ULVULIULULVULIUL
(in millions)
Balance beginning of the period
$95 $684 $157 $80 $619 $94 
Capitalization5 27 17 5 25 18 
Amortization(2)(10)(3)(1)(10)(2)
Balance, end of the period
$98 $701 $171 $84 $634 $110 
Schedule of Reconciliation of Deferred Acquisition Cost
The following table presents a reconciliation of DAC to the consolidated balance sheet as of March 31, 2023 and December 31, 2022.
March 31, 2023December 31, 2022
(in millions)
Protection Solutions
Term$356 $362 
Universal Life
177 179 
Variable Universal Life
910 889 
Indexed Universal Life
185 185 
Individual Retirement
GMxB Core
1,609 1,625 
EQUI-VEST Individual
156 156 
Investment Edge156 148 
SCS1,333 1,279 
Legacy Segment
GMxB Legacy583 593 
Group Retirement
EQUI-VEST Group
716 710 
Momentum87 89 
Corporate and Other
124 127 
Other
27 27 
Total$6,419 $6,369