13. Goodwill

The carrying amount of goodwill allocated to reporting segments as of June 30, 2011 and December 31, 2010 is shown below.


	June 30, 2011							December 31, 2010
			Accumulated			Carrying				Accumulated			Carrying
	Gross		Impairments			Value		Gross		Impairments			Value
Commercial Markets
Property & Casualty Commercial	$	30	$	—		$	30	$	30	$	—		$	30

Total Commercial Markets		30		—			30		30		—			30

Consumer Markets		119		—			119		119		—			119
Wealth Management
Global Annuity		422		(422	)		—		422		(422	)		—
Life Insurance		224		—			224		224		—			224
Retirement Plans		87		—			87		87		—			87
Mutual Funds		159		—			159		159		—			159

Total Wealth Management		892		(422	)		470		892		(422	)		470
Corporate and Other		940		(523	)		417		940		(508	)		432

Total Goodwill	$	1,981	$	(945	)	$	1,036	$	1,981	$	(930	)	$	1,051

During the second quarter, the Company charged off the remaining $15 of goodwill associated with the FTC reporting unit within Corporate and Other due to the announced divestiture of FTC. The write-off of the FTC reporting unit goodwill was recorded as a loss on disposal within discontinued operations, see Note 12.

The Company completed its annual goodwill assessment for the individual reporting units within Wealth Management and Corporate and Other, except for the FTC reporting unit, as of January 1, 2011, which resulted in no write-downs of goodwill in 2011. The reporting units passed the first step of their annual impairment tests with a significant margin with the exception of the Individual Life reporting unit within Life Insurance. The Individual Life reporting unit has a goodwill balance of $342 and had a margin of less than 10%.

The fair value of the Individual Life reporting unit within Life Insurance is based on discounted cash flows using earnings projections on in force business and future business growth. There could be a positive or negative impact on the result of step one in future periods if actual earnings or business growth assumptions emerge differently than those used in determining fair value for the first step of the annual goodwill impairment test.

The Company expects to complete the annual impairment test for the reporting units within Property & Casualty Commercial and Consumer Markets in the fourth quarter of 2011.