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DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)
 9 Months Ended
Sep. 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:
September 30, 2024December 31, 2023
(in millions)
Protection Solutions
Term$320 $337 
Universal Life
171 174 
Variable Universal Life
1,055 987 
Indexed Universal Life
187 188 
Individual Retirement
GMxB Core
1,594 1,602 
EQUI-VEST Individual
155 155 
Investment Edge211 172 
SCS1,840 1,571 
Legacy Segment
GMxB Legacy527 555 
Group Retirement
EQUI-VEST Group
758 742 
Momentum84 82 
Corporate and Other
109 116 
Other
20 24 
Total$7,031 $6,705 
Schedule of Deferred Policy Acquisition Costs
Changes in the DAC asset were as follows:
Nine Months Ended September 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 10 6 114 8 104 9 51 473 19 49 8 — 851 
Amortization (2)(27)(9)(46)(9)(112)(9)(12)(204)(47)(33)(6)(7)(521)
Balance, end of period$320 $171 $1,055 $187 $1,594 $155 $211 $1,840 $527 $758 $84 $109 $7,011 
______________
(1)“CB” defined as Closed Block.
(2)DAC amortization of $4 million related to Other not reflected in table above.

Nine Months Ended September 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 
Capitalization11 5 109 10 87 8 30 364 19 51 7 — 701 
Amortization (1)
(29)(9)(42)(8)(107)(9)(11)(154)(48)(31)(13)(8)(469)
Balance, end of period$344 $175 $956 $187 $1,605 $155 $167 $1,489 $564 $730 $83 $119 $6,574 
______________
(1)    DAC amortization of $3 million related to Other not reflected in table above.
Changes in the Individual Retirement sales inducement assets were as follows:
Nine Months Ended September 30,
20242023
GMxB CoreGMxB LegacyGMxB CoreGMxB Legacy
(in millions)
Balance, beginning of period$127 $179 $137 $200 
Capitalization2 — 2 — 
Amortization(9)(15)(9)(16)
Balance, end of period$120 $164 $130 $184 
Changes in the Protection Solutions unearned revenue liability were as follows:
Nine Months Ended September 30,
20242023
ULVULIULULVULIUL
(in millions)
Balance, beginning of period$107 $754 $210 $95 $684 $157 
Capitalization12 99 42 14 86 49 
Amortization(6)(36)(11)(5)(34)(8)
Balance, end of period$113 $817 $241 $104 $736 $198