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Deferred Acquisition Costs and Deferred Sales Inducement Costs
 6 Months Ended
Jun. 30, 2014
Deferred Acquisition Costs and Deferred Sales Inducement Costs  
Deferred Acquisition Costs and Deferred Sales Inducement Costs
Deferred Acquisition Costs and Deferred Sales Inducement Costs
The balances of and changes in DAC were as follows:
 
 
2014
 
2013
 
 
(in millions)
Balance at January 1
 
$
2,633

 
$
2,373

Capitalization of acquisition costs
 
129

 
134

Amortization
 
(132
)
 
(134
)
Impact of change in net unrealized securities losses (gains)
 
(52
)
 
107

Balance at June 30
 
$
2,578

 
$
2,480


The balances of and changes in DSIC, which is included in other assets, were as follows:
 
 
2014
 
2013
 
 
(in millions)
Balance at January 1
 
$
409

 
$
404

Capitalization of sales inducement costs
 
3

 
3

Amortization
 
(25
)
 
(30
)
Impact of change in net unrealized securities losses (gains)
 
(8
)
 
15

Balance at June 30
 
$
379

 
$
392