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DAC AND POLICYHOLDER BONUS INTEREST CREDITS
 12 Months Ended
Dec. 31, 2017
Contractholder Bonus Interest Credits [Abstract]  
DAC AND POLICYHOLDER BONUS INTEREST CREDITS
DAC AND POLICYHOLDER BONUS INTEREST CREDITS
Changes in the deferred asset for policyholder bonus interest credits are as follows:
 
December 31,
 
2017
 
2016
 
 
 
As Restated
 
(in millions)
Balance, beginning of year
$
504

 
$
534

Policyholder bonus interest credits deferred
6

 
13

Amortization charged to income
(37
)
 
(43
)
Balance, End of Year
$
473

 
$
504



Changes in deferred acquisition costs at December 31, 2017 and 2016 were as follows:
 
December 31,
 
2017
 
2016
 
 
 
As Restated
 
(in millions)
Balance, beginning of year
$
5,058

 
$
5,088

Capitalization of commissions, sales and issue expenses
578

 
594

Amortization
(846
)
 
(646
)
Change in unrealized investment gains (losses)
(243
)
 
22

Balance, End of Year
$
4,547

 
$
5,058