Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets

The following table summarizes the carrying value for the Company's goodwill and other intangible assets:

Goodwill and Other Intangible Assets

	Weighted Average Amortization Period as of	As of December 31
	December 31, 2019	2019			2018
		(in millions)
Goodwill (1)		$	117		$	—
Finite-lived intangible assets:
CLO contracts	8.8 years	42			—
Investment management contracts	4.5 years	24			—
CLO distribution network	4.8 years	9			—
Trade name	9.8 years	3			—
Favorable sublease	4.2 years	1			—
Lease-related intangibles	7.0 years	3			3
Finite-lived intangible assets, gross	7.0 years	82			3
Accumulated amortization		(5		)	(1		)
Finite-lived intangible assets, net		77			2
Licenses (indefinite-lived)		22			22
Total goodwill and other intangible assets		$	216		$	24

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(1)

Includes goodwill allocated to the European subsidiaries of BlueMountain. The balance changes due to foreign currency translation. The amount of goodwill deductible for tax purposes was approximately $115 million as of December 31, 2019.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2019, future annual amortization of finite-lived intangible assets for the years 2020 through 2024 and thereafter is estimated to be:

Estimated Future Amortization Expense

for Finite-Lived Intangible Assets

	As of December 31, 2019
Year	(in millions)
2020	$	13
2021	12
2022	11
2023	11
2024	10
Thereafter	20
Total	$	77