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Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets [Text Block] Goodwill and Other Intangible Assets
Goodwill and intangible assets deemed to have indefinite lives are not amortized but are instead subject to impairment tests. There were no impairments for the years ended December 31, 2018, 2017 and 2016.
The changes in the carrying amount of goodwill reported in the Company’s main operating segments were as follows:
 
Advice & Wealth
Management
 
Asset
Management
 
Annuities
 
Protection
 
Consolidated
(in millions)
Balance at January 1, 2017
$
252

 
$
761

 
$
46

 
$
45

 
$
1,104

Acquisitions (1)
27

 
22

 
—

 
—

 
49

Foreign currency translation
—

 
24

 
—

 
—

 
24

Purchase price adjustments
—

 
(2
)
 
—

 
—

 
(2
)
Balance at December 31, 2017
279

 
805

 
46

 
45

 
1,175

Foreign currency translation
—

 
(16
)
 
—

 
—

 
(16
)
Purchase price adjustments
—

 
(1
)
 
—

 
—

 
(1
)
Balance at December 31, 2018
$
279

 
$
788

 
$
46

 
$
45

 
$
1,158


(1) Relates to the Company’s acquisitions of Investment Professionals, Inc. (“IPI”) and Lionstone Partners, LLC.
As of December 31, 2018 and 2017, the carrying amount of indefinite-lived intangible assets included $646 million and $647 million, respectively, of investment management contracts. As of December 31, 2018 and 2017, the carrying amount of indefinite-lived intangible assets included $69 million and $67 million, respectively, of trade names.
Definite-lived intangible assets consisted of the following:
 
December 31, 2018
 
December 31, 2017
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
(in millions)
Customer relationships
$
184

 
$
(134
)
 
$
50

 
$
194

 
$
(124
)
 
$
70

Contracts
215

 
(193
)
 
22

 
222

 
(194
)
 
28

Other
168

 
(124
)
 
44

 
156

 
(116
)
 
40

Total
$
567

 
$
(451
)
 
$
116

 
$
572

 
$
(434
)
 
$
138


Definite-lived intangible assets acquired during the year ended December 31, 2018 were $9 million with a weighted average amortization period of 5 years. The aggregate amortization expense for definite-lived intangible assets during the years ended December 31, 2018, 2017 and 2016 was $30 million, $27 million and $28 million, respectively. In 2018, 2017 and 2016, the Company did not record any impairment charges on definite-lived intangible assets.
Estimated intangible amortization expense as of December 31, 2018 for the next five years is as follows:
 
(in millions)
2019
$
28

2020
22

2021
19

2022
16

2023
13