Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

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

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, 2021	$	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
Foreign currency translation	—		(59)		—		(59)
Other adjustments	—		(10)		—		(10)
Balance at December 31, 2022	$	279	$	1,019	$	91	$	1,389

Schedule of components of indefinite-lived intangible assets

The carrying amount of indefinite-lived intangible assets consisted of the following:

	December 31,
	2022		2021
	(in millions)
Customer contracts	$	837	$	848
Trade names	67		69
Total	$	904	$	917

Schedule of components of definite-lived intangible assets

Definite-lived intangible assets consisted of the following:

	December 31, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in millions)
Customer relationships	$	265	$	(174)	$	91	$	254	$	(163)	$	91
Contracts	222		(210)		12		235		(217)		18
Other	295		(206)		89		272		(188)		84
Total	$	782	$	(590)	$	192	$	761	$	(568)	$	193

Schedule of estimated future intangible amortization expense

Estimated intangible amortization expense as of December 31, 2022 for the next five years is as follows:

	(in millions)
2023	$	42
2024	31
2025	26
2026	21
2027	13