Information regarding goodwill by segment, as well as Corporate & Other, was as follows:



	Retail			Group, Voluntary & Worksite Benefits		Corporate Benefit Funding		Latin America			Asia (1)			EMEA			Corporate & Other (2)			Unallocated Goodwill			Total
	(In millions)
Balance at January 1, 2011
Goodwill	$	3,125		$	138	$	900	$	229		$	72		$	38		$	470		$	6,809		$	11,781
Accumulated impairment	—			—		—		—			—			—			—			—			—
Total goodwill, net	3,125			138		900		229			72			38			470			6,809			11,781
Goodwill allocation (3)	—			—		—		312			5,163			1,334			—			(6,809		)	—
Acquisitions (4)	—			—		—		—			39			—			—			—			39
Impairments (5)	—			—		—		—			—			—			(65		)	—			(65		)
Effect of foreign currency translation and other	—			—		—		(40		)	259			(39		)	—			—			180
Balance at December 31, 2011
Goodwill	3,125			138		900		501			5,533			1,333			470			—			12,000
Accumulated impairment	—			—		—		—			—			—			(65		)	—			(65		)
Total goodwill, net	3,125			138		900		501			5,533			1,333			405			—			11,935
Acquisitions	—			—		—		—			—			1			—			—			1
Impairments (6)	(1,692		)	—		—		—			—			—			(176		)	—			(1,868		)
Effect of foreign currency translation and other	—			—		—		26			(146		)	5			—			—			(115		)
Balance at December 31, 2012
Goodwill	3,125			138		900		527			5,387			1,339			470			—			11,886
Accumulated impairment	(1,692		)	—		—		—			—			—			(241		)	—			(1,933		)
Total goodwill, net	1,433			138		900		527			5,387			1,339			229			—			9,953
Acquisitions (7)	—			—		—		1,140			—			1			—			—			1,141
Dispositions	—			—		—		—			—			(8		)	—			—			(8		)
Reduction of goodwill (5)	—			—		—		—			—			—			(65		)	—			(65		)
Reduction of accumulated impairment (5)	—			—		—		—			—			—			65			—			65
Effect of foreign currency translation and other	—			—		—		(79		)	(489		)	24			—			—			(544		)
Balance at December 31, 2013
Goodwill	3,125			138		900		1,588			4,898			1,356			405			—			12,410
Accumulated impairment	(1,692		)	—		—		—			—			—			(176		)	—			(1,868		)
Total goodwill, net	$	1,433		$	138	$	900	$	1,588		$	4,898		$	1,356		$	229		$	—		$	10,542

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(1)	Includes goodwill of $4.7 billion, $5.2 billion and $5.4 billion from the Japan operations at December 31, 2013, 2012 and 2011, respectively.


(2)	For purposes of goodwill impairment testing, the $229 million of net goodwill in Corporate & Other at December 31, 2012, which resulted from goodwill acquired as part of the 2005 Travelers acquisition, was allocated to business units of the Retail; Group, Voluntary & Worksite Benefits; and Corporate Benefit Funding segments in the amounts of $34 million, $9 million and $186 million, respectively.


(3)	Goodwill associated with the ALICO Acquisition was allocated among the Company’s segments in the first quarter of 2011.


(4)	As of November 1, 2011, American Life’s current and deferred income taxes were affected by measurement period adjustments, which resulted in a $39 million increase to the goodwill recorded as part of the ALICO Acquisition related to Japan which is included in the Asia segment.

(5)

In 2011, the Company performed a goodwill impairment test on MetLife Bank, which was a separate reporting unit in Corporate & Other. A comparison of the fair value of the reporting unit, using a market multiple approach, to its carrying value indicated a potential for goodwill impairment. A further comparison of the implied fair value of the reporting unit’s goodwill with its carrying amount indicated that the entire amount of goodwill associated with MetLife Bank was impaired. Consequently, the Company recorded a $65 million goodwill impairment charge that is reflected as a net investment loss for the year ended December 31, 2011. In connection with the MetLife Bank Divestiture, goodwill and the related accumulated impairment were reduced by $65 million for the year ended December 31, 2013. See Note 3.

(6)

In connection with its annual goodwill impairment testing in 2012, the market multiple and discounted cash flow valuation approaches indicated that the fair value of the Retail Annuities reporting unit was below its carrying value. As a result, an actuarial appraisal, which estimates the net worth of the reporting unit, the value of existing business and the value of new business, was also performed. This appraisal also resulted in a fair value of the Retail Annuities reporting unit that was less than the carrying value, indicating a potential for goodwill impairment. A further comparison of the implied fair value of its goodwill with the reporting unit’s carrying amount indicated that the entire amount of goodwill associated with the Retail Annuities reporting unit was impaired. Consequently, the Company recorded a non-cash charge of $1.9 billion ($1.6 billion, net of income tax) for the impairment of the entire goodwill balance in the consolidated statements of operations for the year ended December 31, 2012. Of this amount, $1.4 billion was impaired at MetLife, Inc. There was no impact on income taxes.


(7)	See Note 3 for a discussion of the acquisition of ProVida, which is included in the Latin America segment.