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Deferred Policy Acquisition Costs
12 Months Ended
Dec. 31, 2019
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs
DEFERRED POLICY ACQUISITION COSTS
 
The balances of and changes in DAC as of and for the years ended December 31, are as follows:
 
 
2019
 
2018
 
2017
 
(in millions)
Balance, beginning of period
$
20,058

 
$
18,992

 
$
17,661

Capitalization of commissions, sales and issue expenses
2,966

 
2,870

 
2,820

Amortization—Impact of assumption and experience unlocking and true-ups
(164
)
 
(217
)
 
247

Amortization—All other
(2,168
)
 
(2,056
)
 
(1,827
)
Change in unrealized investment gains and losses
(713
)
 
519

 
(190
)
Foreign currency translation
(8
)
 
(32
)
 
281

Other(1)
(59
)
 
(18
)
 
0

Balance, end of period
$
19,912

 
$
20,058

 
$
18,992


__________
(1)
“Other” for 2019 primarily represents the impact related to the sale of the Company’s Pramerica of Italy subsidiary of $(46) million and DAC ceded to a third-party reinsurer of $(14) million. “Other” for 2018 represents the impact related to the sale of the Company’s Pramerica of Poland subsidiary of $(38) million and the impact of the elimination of Gibraltar Life’s one-month reporting lag of $20 million.