Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Intangible Assets

The following table presents our intangible assets as of the dates indicated:

	March 31, 2023					December 31, 2022
(Amounts in millions)	Gross carrying amount		Accumulated amortization			Gross carrying amount		Accumulated amortization
PVFP	$	2,146	$	(2,029	)	$	2,146		(2,026	)
Capitalized software		493		(433	)		482		(427	)
Deferred sales inducements to contractholders		317		(293	)		317		(291	)
Other		6		(4	)		6		(4	)
Total	$	2,962	$	(2,759	)	$	2,951	$	(2,748	)

Activity in Present Value of Future Profits

The following tables present the balances of and changes in present value of future profits as of and for the periods indicated:

 

(Amounts in millions)	March 31, 2023			December 31, 2022			December 31, 2021
Beginning balance	$	120		$	134		$	154
Costs deferred		—			—			—
Amortization		(3	)		(14	)		(20	)
Ending balance	$	117		$	120		$	134