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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of indefinite-lived intangible assets

Other intangible assets recognized by the Company included the following:

As of December 31,

Estimated

    

2021

    

2020

    

Useful Life

(Dollars In Millions)

(In Years)

Distribution relationships

$

314

$

340

 

14-22

Trade names

 

58

 

65

 

13-17

Technology

 

56

 

71

 

7-14

Other

 

31

 

32

 

  

Total intangible assets subject to amortization

 

459

 

508

 

  

Insurance licenses

 

32

 

32

 

Indefinite

Total other intangible assets

$

491

$

540

 

  

Schedule of future estimated aggregate amortization expense

Year

    

Amount

(Dollars In Millions)

2022

$

54

2023

 

51

2024

 

48

2025

 

43

2026

 

43

Schedule of property and equipment

Property and equipment consisted of the following:

As of December 31,

    

2021

    

2020

(Dollars In Millions)

Home office building

$

160

$

159

Data processing equipment

 

39

 

36

Capital leases

 

36

 

25

Other, principally furniture and equipment

 

22

 

20

Total property and equipment subject to depreciation

 

257

 

240

Accumulated depreciation

 

(79)

 

(61)

Land

 

25

 

25

Total property and equipment

$

203

$

204

Schedule of future maturities of stable value products

As of December 31, 2021, future maturities of stable value products were as follows:

Year of

    

Maturity

Amount

 

(Dollars In Millions)

2022

$

2,559

2023-2024

 

3,551

2025-2026

 

1,347

Thereafter

 

1,069