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DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)
 6 Months Ended
Jun. 30, 2024
Contract Holder Bonus Interest Credits [Abstract]  
Schedule of Reconciliation of Deferred Acquisition Cost
The following table presents a reconciliation of DAC to the consolidated balance sheets:
June 30, 2024December 31, 2023
(in millions)
Protection Solutions
Term$326 $337 
Universal Life
172 174 
Variable Universal Life
1,034 987 
Indexed Universal Life
187 188 
Individual Retirement
GMxB Core
1,602 1,602 
EQUI-VEST Individual
155 155 
Investment Edge193 172 
SCS1,746 1,571 
Legacy Segment
GMxB Legacy538 555 
Group Retirement
EQUI-VEST Group
753 742 
Momentum85 82 
Corporate and Other
111 116 
Other
22 24 
Total$6,924 $6,705 
Schedule of Deferred Policy Acquisition Costs
Changes in the DAC asset were as follows:
Six Months Ended June 30, 2024
Protection SolutionsIndividual RetirementLegacyGroup RetirementCorporate and OtherTotal
TermULVUL IUL GMxB CoreEI IE SCSGMxB LegacyEG MomentumCB (1)
(in millions)
Balance, beginning of period$337 $174 $987 $188 $1,602 $155 $172 $1,571 $555 $742 $82 $116 $6,681 
Capitalization 8 4 77 5 74 6 29 306 14 32 5 — 560 
Amortization (2)(19)(6)(30)(6)(74)(6)(8)(131)(31)(21)(2)(5)(339)
Balance, end of period$326 $172 $1,034 $187 $1,602 $155 $193 $1,746 $538 $753 $85 $111 $6,902 
______________
(1)“CB” defined as Closed Block.
(2)DAC amortization of $2 million related to Other not reflected in table above.

Six Months Ended June 30, 2023
Protection SolutionsIndividual RetirementLegacyGroup RetirementCorporate and OtherTotal
TermULVUL IUL GMxB CoreEI IE SCSGMxB LegacyEG Momentum
CB
(in millions)
Balance, beginning of period$362 $179 $889 $185 $1,625 $156 $148 $1,279 $593 $710 $89 $127 $6,342 
Capitalization8 3 73 6 54 6 21 228 14 33 5 — 451 
Amortization (1)
(20)(6)(28)(5)(70)(6)(7)(96)(32)(20)(9)(5)(304)
Balance, end of period$350 $176 $934 $186 $1,609 $156 $162 $1,411 $575 $723 $85 $122 $6,489 
______________
(1)    DAC amortization of $2 million related to Other not reflected in table above.
Changes in the Individual Retirement sales inducement assets were as follows:
Six Months Ended June 30,
20242023
GMxB CoreGMxB LegacyGMxB CoreGMxB Legacy
(in millions)
Balance, beginning of period$127 $179 $137 $200 
Capitalization1 — 1 — 
Amortization(6)(10)(6)(11)
Balance, end of period$122 $169 $132 $189 
Changes in the Protection Solutions unearned revenue liability were as follows:
Six Months Ended June 30,
20242023
ULVULIULULVULIUL
(in millions)
Balance, beginning of period$107 $754 $210 $95 $684 $157 
Capitalization8 65 28 9 56 33 
Amortization(4)(24)(7)(3)(22)(5)
Balance, end of period$111 $795 $231 $101 $718 $185