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Deferred Policy Acquisition Costs and Value of Business Acquired
 9 Months Ended
Sep. 30, 2020
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired Deferred Policy Acquisition Costs and Value of Business Acquired
The following tables present a rollforward of DAC and VOBA for the periods indicated:
2020
DACVOBATotal
Balance as of January 1, 2020$288 $305 $593 
Impact of ASU 2016-13 2 — 2 
Deferrals of commissions and expenses41 1 42 
Amortization:
Amortization, excluding unlocking(64)(52)(116)
Unlocking (1)
(17)(121)(138)
Interest accrued26 25 
(2)
51 
Net amortization included in the Condensed Consolidated Statements of Operations(55)(148)(203)
Change due to unrealized capital gains/losses on available-for-sale securities(142)(142)(284)
Balance as of September 30, 2020$134 $16 $150 
2019
DACVOBATotal
Balance as of January 1, 2019$536 $551 $1,087 
Deferrals of commissions and expenses29 4 33 
Amortization:
Amortization, excluding unlocking(52)(50)(102)
Unlocking (1)
5 2 7 
Interest accrued26 29 
(2)
55 
Net amortization included in the Condensed Consolidated Statements of Operations(21)(19)(40)
Change due to unrealized capital gains/losses on available-for-sale securities(274)(246)(520)
Balance as of September 30, 2019$270 $290 $560 
(1) Includes the impacts of annual review of assumptions which typically occurs in the third quarter; and retrospective and prospective unlocking. There was no
loss recognition related to DAC/VOBA during the nine months ended September 30, 2020 and 2019.
(2) Interest accrued at the following rates for VOBA: 5.5% to 7.0% during 2020 and 2019.