Deferred Policy Acquisition Costs (Tables)

12 Months Ended

Dec. 31, 2021

Deferred Policy Acquisition Costs Disclosures [Abstract]

Schedule Of Deferred Policy Acquisition Costs

The balances of and changes in DAC as of and for the years ended December 31, are as follows:

	2021		2020		2019
	(in millions)
Balance, beginning of period	$	19,027	$	19,912	$	20,058
Capitalization of commissions, sales and issue expenses	2,548		2,763		2,966
Amortization—Impact of assumption and experience unlocking and true-ups	35		(36)		(164)
Amortization—All other	(2,132)		(2,185)		(2,168)
Change due to unrealized investment gains and losses	717		(379)		(713)
Foreign currency translation	(457)		142		(8)
Reclassified to “Assets held-for-sale”(1)	(1,197)		0		0
Other(2)	(349)		(1,190)		(59)
Balance, end of period	$	18,192	$	19,027	$	19,912

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(1)See Note 1 for additional information on the pending dispositions.

(2)“Other” for 2021 represents the sale of The Prudential Life Insurance Company of Taiwan Inc. “Other” for 2020 primarily represents the impact related to the sale of The Prudential Life Insurance Company of Korea, Ltd. of $(1,193) million. “Other” for 2019 primarily represents the impact related to the sale of the Company’s Pramerica of Italy subsidiary of $(46) million and DAC ceded to a third-party reinsurer of $(14) million.