Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in carrying amount of goodwill reported in main operating segments

	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Consolidated
	(in millions)
Balance at January 1, 2020	$	279	$	797	$	91	$	1,167
Foreign currency translation	—		10		—		10
Other adjustments	—		(1)		—		(1)
Balance at December 31, 2020	279		806		91		1,176
Acquisitions	—		287		—		287
Foreign currency translation	—		(4)		—		(4)
Other adjustments	—		(1)		—		(1)
Balance at December 31, 2021	$	279	$	1,088	$	91	$	1,458

Summary of consideration paid, assets acquired and liabilities assumed in business acquisition

	November 8, 2021
	(in millions)
Consideration paid
Cash	$	973
Deferred considerations	(35)
Contingent considerations	28
Total fair value	$	966
Recognized Assets / Liabilities
Assets
Cash and cash equivalents	$	397
Investments	77
Receivables	116
Other assets	295
Total assets	885
Liabilities
Debt	2
Accounts payable and accrued expenses	235
Other liabilities	190
Total liabilities	427
Identifiable net assets	$	458
Intangible assets	$	295
Deferred tax liability	74
Goodwill	287

Schedule of components of indefinite-lived intangible assets

	December 31,
	2021		2020
	(in millions)
Customer contracts	$	848	$	640
Trade names	69		69
Total	$	917	$	709

Schedule of components of definite-lived intangible assets

	December 31, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in millions)
Customer relationships	$	254	$	(163)	$	91	$	193	$	(155)	$	38
Contracts	235		(217)		18		223		(211)		12
Other	272		(188)		84		226		(168)		58
Total	$	761	$	(568)	$	193	$	642	$	(534)	$	108

Schedule of estimated future intangible amortization expense

	(in millions)
2022	$	31
2023	27
2024	16
2025	10
2026	7