Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

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 reportable segments were as follows:

	Advice & Wealth Management		Asset Management		Retirement & Protection Solutions		Consolidated
	(in millions)
Balance at January 1, 2022	$	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
Foreign currency translation	—		27		—		27
Other adjustments	—		(6)		—		(6)
Balance at December 31, 2023	$	279	$	1,040	$	91	$	1,410

Schedule of components of indefinite-lived intangible assets

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

	December 31,
	2023		2022
	(in millions)
Customer contracts	$	848	$	837
Trade names	67		67
Total	$	915	$	904

Schedule of components of definite-lived intangible assets

Definite-lived intangible assets consisted of the following:

	December 31, 2023						December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(in millions)
Customer relationships	$	380	$	(191)	$	189	$	265	$	(174)	$	91
Contracts	228		(219)		9		222		(210)		12
Other	343		(243)		100		295		(206)		89
Total	$	951	$	(653)	$	298	$	782	$	(590)	$	192

Schedule of estimated future intangible amortization expense

Estimated intangible amortization expense as of December 31, 2023 for the next five years is as follows:

	(in millions)
2024	$	53
2025	47
2026	43
2027	35
2028	24