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Goodwill (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Rollforward and by Segment
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)
 
Total
 
(In millions)
Balance at January 1, 2013
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 (3)

 

 

 
1,140

 

 
1

 

 
1,141

Dispositions

 

 

 

 

 
(8
)
 

 
(8
)
Reduction of goodwill (4)

 

 

 

 

 

 
(65
)
 
(65
)
Reduction of accumulated impairment (4)

 

 

 

 

 

 
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

Dispositions (5)

 

 
(60
)
 

 
(3
)
 
(7
)
 

 
(70
)
Effect of foreign currency translation and other

 

 

 
(203
)
 
(280
)
 
(117
)
 

 
(600
)
Balance at December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
3,125

 
138

 
840

 
1,385

 
4,615

 
1,232

 
405

 
11,740

Accumulated impairment
(1,692
)
 

 

 

 

 

 
(176
)
 
(1,868
)
Total goodwill, net
1,433

 
138

 
840

 
1,385

 
4,615

 
1,232

 
229

 
9,872

Effect of foreign currency translation and other

 

 

 
(199
)
 
(107
)
 
(89
)
 

 
(395
)
Balance at December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
3,125

 
138

 
840

 
1,186

 
4,508

 
1,143

 
405

 
11,345

Accumulated impairment
(1,692
)
 

 

 

 

 

 
(176
)
 
(1,868
)
Total goodwill, net
$
1,433

 
$
138

 
$
840

 
$
1,186

 
$
4,508

 
$
1,143

 
$
229

 
$
9,477

______________
(1)
Includes goodwill of $4.3 billion, $4.4 billion and $4.7 billion from the Japan operations at December 31, 2015, 2014 and 2013, respectively.
(2)
For purposes of goodwill impairment testing in 2015, the balance of $229 million, of net goodwill in Corporate & Other at December 31, 2014 did not change. This balance resulted from goodwill acquired as part of the 2005 Travelers acquisition and 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)
See Note 3 for a discussion of the acquisition of ProVida, which is included in the Latin America segment.
(4)
In connection with exiting the businesses of MetLife Bank, National Association (“MetLife Bank”), goodwill and the related accumulated impairment were reduced by $65 million for the year ended December 31, 2013.
(5)
In connection with the sale of MAL, goodwill in the Corporate Benefit Funding reporting unit was reduced by $60 million during the year ended December 31, 2014. See Note 3. This goodwill was allocated to MAL based on the relative fair values of MAL and the remaining portion of the Corporate Benefit Funding reporting unit.