Goodwill and Other Intangibles (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in the carrying value of goodwill by reportable segment are as follows:

	PGIM			Retirement		Assurance IQ		International Businesses		Other		Total
	(in millions)
Goodwill balance, December 31, 2016:	$	230		$	444	$	0	$	159	$	0	$	833
Effect of foreign currency translation	5			0		0		5		0		10
Goodwill balance, December 31, 2017:	235			444		0		164		0		843
Acquisitions	0			11		0		0		11		22
Effect of foreign currency translation	(2		)	0		0		0		0		(2		)
Goodwill balance, December 31, 2018:	233			455		0		164		11		863
Acquisitions	22			0		2,128		0		0		2,150
Effect of foreign currency translation	(1		)	0		0		1		0		0
Goodwill balance, December 31, 2019:	$	254		$	455	$	2,128	$	165	$	11	$	3,013

Schedule of Finite-Lived Intangible Assets

Other intangible balances at December 31, are as follows:

	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(in millions)
Subject to amortization:
Mortgage servicing rights	$	745	$	(468	)	$	277	$	689	$	(423	)	$	266
Customer relationships	244		(153		)	91		173		(120		)	53
Software and other	201		(38		)	163		114		(87		)	27
Not subject to amortization	69		N/A			69		2		N/A			2
Total						$	600						$	348

Schedule of Indefinite-Lived Intangible Assets

Other intangible balances at December 31, are as follows:

	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(in millions)
Subject to amortization:
Mortgage servicing rights	$	745	$	(468	)	$	277	$	689	$	(423	)	$	266
Customer relationships	244		(153		)	91		173		(120		)	53
Software and other	201		(38		)	163		114		(87		)	27
Not subject to amortization	69		N/A			69		2		N/A			2
Total						$	600						$	348

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The following table provides estimated future amortization, net of interest, for the periods indicated.

	2020		2021		2022		2023		2024
	(in millions)
Estimated future VOBA amortization	$	118	$	110	$	100	$	88	$	74

The following table provides estimated future amortization for the periods indicated.

	2020		2021		2022		2023		2024
	(in millions)
Estimated future amortization expense of other intangibles	$	70	$	65	$	57	$	41	$	34