Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

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 December 31, 2022	As of December 31,
		2022		2021
		(in millions)
Goodwill (1)		$	117	$	117
Finite-lived intangible assets:
CLO contracts	5.8 years	42		42
Investment management contracts	1.5 years	24		24
CLO distribution network	1.8 years	9		9
Trade name	6.8 years	3		3
Favorable sublease	1.2 years	1		1
Lease-related intangibles	4.3 years	3		3
Finite-lived intangible assets, gross	4.6 years	82		82
Accumulated amortization		(42)		(30)
Finite-lived intangible assets, net		40		52
Indefinite-lived intangible assets (insurance licenses)		6		6
Total goodwill and other intangible assets		$	163	$	175

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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 $92 million as of December 31, 2022 and $99 million as of December 31, 2021.

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2022, future annual amortization of finite-lived intangible assets is estimated to be:

Estimated Future Amortization Expense for Finite-Lived Intangible Assets

	As of December 31, 2022
Year	(in millions)
2023	$	11
2024	10
2025	6
2026	5
2027	5
Thereafter	3
Total	$	40