Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill reported in operating segments [Table Text Block]

The changes in the carrying amount of goodwill reported in the Company’s main operating segments were as follows:

	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Consolidated
	(in millions)
Balance at January 1, 2019	$	279	$	788	$	91	$	1,158
Foreign currency translation	—		10		—		10
Other adjustments	—		(1)		—		(1)
Balance at December 31, 2019	279		797		91		1,167
Foreign currency translation	—		10		—		10
Other adjustments	—		(1)		—		(1)
Balance at December 31, 2020	$	279	$	806	$	91	$	1,176

Definite-lived intangible assets [Table Text Block]

Definite-lived intangible assets consisted of the following:

	December 31, 2020						December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in millions)
Customer relationships	$	193	$	(155)	$	38	$	192	$	(146)	$	46
Contracts	223		(211)		12		219		(202)		17
Other	226		(168)		58		197		(147)		50
Total	$	642	$	(534)	$	108	$	608	$	(495)	$	113

Estimated intangible amortization expenses [Table Text Block]

Estimated intangible amortization expense as of December 31, 2020 for the next five years is as follows:

	(in millions)
2021	$	32
2022	28
2023	24
2024	11
2025	7