Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Intangible Assets

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

	September 30, 2023					December 31, 2022
(Amounts in millions)	Gross carrying amount		Accumulated amortization			Gross carrying amount		Accumulated amortization
PVFP	$	2,146	$	(2,035	)	$	2,146	$	(2,026	)
Capitalized software		508		(444	)		482		(427	)
Deferred sales inducements to contractholders		317		(295	)		317		(291	)
Other		6		(4	)		6		(4	)
Total	$	2,977	$	(2,778	)	$	2,951	$	(2,748	)

Activity in Present Value of Future Profits

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

(Amounts in millions)	September 30, 2023			December 31, 2022			December 31, 2021
Beginning balance as of January 1	$	120		$	134		$	154
Costs deferred		—			—			—
Amortization		(9	)		(14	)		(20	)
Ending balance	$	111		$	120		$	134