Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure of reconciliation of changes in goodwill

Changes in the carrying amount of goodwill acquired through business combinations by reportable business segment are as follows:


	Canada			U.S.			Asia			Asset Management			Corporate			Total
Balance, January 1, 2020		$	2,607		$	1,083		$	676		$	1,281		$	185	$	5,832
Acquisitions (Note 3)		—			—			—			278			—		278
Foreign exchange rate movements		—			(21)			(11)			(8)			2		(38)
Balance, December 31, 2020		$	2,607		$	1,062		$	665		$	1,551		$	187	$	6,072
Acquisitions (Note 3)		—			53			3			423			—		479
Foreign exchange rate movements		—			(7)			(9)			(15)			(3)		(34)
Balance, December 31, 2021		$	2,607		$	1,108		$	659		$	1,959		$	184	$	6,517

The carrying amounts of goodwill allocated to our CGUs or groups of CGUs are as follows:


As at December 31,	2021			2020
Canada		$	2,607		$	2,607



U.S. Employee benefits group		1,108			1,062
Asia		659			665
Asset Management
MFS		483			486
SLC Management(1)		1,476			1,065

Corporate
UK		184			187
Total		$	6,517		$	6,072

(1) Reflects a change in presentation to combine all SLC Management CGUs as one group effective January 1, 2021.

Disclosure of reconciliation of changes in and components of intangible assets

Changes in intangible assets are as follows:


	Finite life
	Internally generated software			Other		Indefinite life		Total
Gross carrying amount
Balance, January 1, 2020		$	857	$	1,591	$	646	$	3,094
Additions		230		—		—		230
Acquisitions		—		63		295		358
Disposals		(4)		(5)		—		(9)
Foreign exchange rate movements		(13)		(15)		(3)		(31)
Balance, December 31, 2020		$	1,070	$	1,634	$	938	$	3,642
Additions		219		471		—		690
Acquisitions		—		271		153		424
Disposals		(24)		—		—		(24)
Foreign exchange rate movements		—		(9)		(10)		(19)
Balance, December 31, 2021		$	1,265	$	2,367	$	1,081	$	4,713
Accumulated amortization and impairment losses
Balance, January 1, 2020		$	(488)	$	(517)	$	(6)	$	(1,011)
Amortization charge for the year		(78)		(78)		—		(156)

Impairment of intangible assets		(2)		—		(9)		(11)
Foreign exchange rate movements		7		5		1		13
Balance, December 31, 2020		$	(561)	$	(590)	$	(14)	$	(1,165)
Amortization charge for the year		(79)		(114)		—		(193)
Disposals		24		—		—		24
Impairment of intangible assets		—		—		(9)		(9)
Foreign exchange rate movements		1		(1)		—		—
Balance, December 31, 2021		$	(615)	$	(705)	$	(23)	$	(1,343)
Net carrying amount, end of period:
As at December 31, 2020		$	509	$	1,044	$	924	$	2,477
As at December 31, 2021		$	650	$	1,662	$	1,058	$	3,370

The components of the intangible assets are as follows:


As at December 31,	2021			2020
Finite life intangible assets:
Distribution, sales potential of field force		$	295		$	316
Client relationships and asset administration contracts		1,367			728
Internally generated software		650			509
Total finite life intangible assets		2,312			1,553
Indefinite life intangible assets:
Fund management contracts(1)		1,058			924
Total indefinite life intangible assets		1,058			924
Total intangible assets		$	3,370		$	2,477

(1) Fund management contracts are attributable to Asset Management, where its competitive position in, and the stability of, its markets support their classification as indefinite life intangible assets.