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DAC AND OTHER DEFERRED ASSETS/LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2022
Contract holder Bonus Interest Credits [Abstract]  
Schedule of Deferred Policy Acquisition Costs
The following table summarizes the balance of and changes in DAC on January 1, 2021 resulting from the adoption of ASU 2018-12:
Variable Universal LifeIndexed Universal LifeTotal
(in millions)
Balance, December 31, 2020$230 $247 $477 
Adjustment for reversal of balances recorded in Accumulated Other Comprehensive Income70 40 110 
Balance, January 1, 2021$300 $287 $587 
Changes in the DAC asset for the years ended December 31, 2022 and 2021 were as follows:
December 31, 2022VUL (1)IUL (2)GMxB CoreInvestment
Edge		SCSMomentumTotal
(in millions)
Balance beginning of the year$361 $297 $14 $— $— $— $672 
Capitalization 70 16 28 1 13 — 128 
Amortization (3)
(21)(17)(2)— — — (40)
Balance, December 31, 2022$410 $296 $40 $1 $13 $— $760 
______________
(1)    “VUL” defined as Variable Universal Life.
(2)    “IUL” defined as Indexed Universal Life.
(3)     DAC amortization of $1 million related to Other not reflected in table above.

December 31, 2021VUL (1)IUL (2)GMxB CoreInvestment
Edge		SCSMomentumTotal
(in millions)
Balance beginning of the year$300 $287 $— $— $— $— $587 
Capitalization 79 27 14 — — — 120 
Amortization (3)
(18)(17)— — — — (35)
Balance, December 31, 2021$361 $297 $14 $— $— $— $672 
______________
(1)    “VUL” defined as Variable Universal Life.
(2)    “IUL” defined as Indexed Universal Life.
(3)     DAC amortization of $1 million related to Other not reflected in table above.


Prior to the Company’s adoption of ASU 2018-12 effective January 1, 2021, changes in the DAC asset for the year ended 2020 were as follows:
 Year Ended December 31,
 2020
(in millions)
Balance, beginning of year$471 
Capitalization of commissions, sales and issue expenses95 
Amortization:
Impact of assumptions updates and model changes(8)
All other(23)
Total amortization(31)
Change in unrealized investment gains and losses(58)
Balance, end of year$477 


Changes in the Sales Inducement Assets for the years ended December 31, 2022 and 2021 were as follows:
December 31, 2022December 31, 2021
GMxB CoreGMxB Core
(in millions)
Balance beginning of the year$— $— 
Capitalization1 — 
Amortization— — 
Balance, end of the year$1 $— 

Changes in the Unearned Revenue Liability for the years ended December 31, 2022, and 2021 were as follows:
December 31, 2022December 31, 2021
VULIULVULIUL
(in millions)
Balance beginning of the year$118 $94 $85 $24 
Capitalization49 71 40 74 
Amortization(8)(8)(7)(4)
Balance, end of the year$159 $157 $118 $94 
Schedule of Reconciliation of Deferred Acquisition Cost
The following table presents a reconciliation of DAC to the balance sheet.
December 31,
20222021
(in millions)
VUL
$410 $361 
IUL296 297 
GMxB Core
40 14 
Investment Edge1 — 
SCS13 — 
Total$760 $672