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Goodwill (Tables)
9 Months Ended
Sep. 30, 2012
Goodwill [Abstract]  
Goodwill Rollforward and by Segment
                                         
    December 31, 2011     Goodwill
Transfers
    Impairments (1)     Effect of Foreign
Currency Translation
and Other
    September 30, 2012  
    (In millions)  

Retail

  $ 2,955     $ 170     $ (1,692   $     $ 1,433  

Group, Voluntary & Worksite Benefits

    308       (170                 138  

Corporate Benefit Funding

    900                         900  

Latin America

    501                   30       531  

Asia (2)

    5,443       90             (50     5,483  

EMEA

    1,423       (90           (23     1,310  

Corporate & Other (3)

    405             (176           229  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 11,935     $     $ (1,868   $ (43   $ 10,024  
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

(1)

At September 30, 2012, the Company’s accumulated goodwill impairment loss was $1.9 billion, of which $1.7 billion was recorded in Retail and $241 million was recorded in Corporate & Other. At December 31, 2011, the Company’s accumulated goodwill impairment loss of $65 million, recorded in Corporate & Other, was related to acquisitions by MetLife Bank and such charge was included in net investment gains (losses) for both the three months and nine months ended September 30, 2011.

 

(2)

Includes goodwill of $5.3 billion and $5.4 billion from the Japan operations at September 30, 2012 and December 31, 2011, respectively.

 

(3)

The $405 million of net goodwill in Corporate & Other at December 31, 2011, relates to goodwill acquired as a part of the 2005 Travelers acquisition. For purposes of goodwill impairment testing, the $405 million of Corporate & Other goodwill was allocated to business units of the Retail; Group, Voluntary & Worksite Benefits; and Corporate Benefit Funding segments in the amounts of $210 million, $9 million and $186 million, respectively. The Retail segment amount was further allocated within the segment to the Life & Other and the Annuities reporting units in the amounts of $34 million and $176 million, respectively. As reflected in the table, the $176 million related to the Retail Annuities reporting unit was impaired in the third quarter of 2012.