Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets at December 31, 2020 and 2019 consisted of the following:

(in millions)		Remaining Weighted- Average Estimated Useful Life				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
At December 31, 2020
Indefinite-lived intangible assets:
Management contracts		N/A				$	16,169			$	—			$	16,169
Trade names/trademarks		N/A					1,403				—				1,403
License		N/A					6				—				6
Total indefinite-lived intangible assets							17,578				—				17,578
Finite-lived intangible assets:
Management contracts			4.0				283				172				111
Investor/customer relationships			8.2				476				88				388
Technology-related			6.4				203				25				178
Trade names/trademarks			2.3				14				6				8
Total finite-lived intangible assets			7.0				976				291				685
Total intangible assets						$	18,554			$	291			$	18,263

At December 31, 2019
Indefinite-lived intangible assets:
Management contracts		N/A				$	16,169			$	—			$	16,169
Trade names/trademarks		N/A					1,403				—				1,403
License		N/A					6				—				6
Total indefinite-lived intangible assets							17,578				—				17,578
Finite-lived intangible assets:
Management contracts			4.8				283				135				148
Investor/customer relationships			9.2				476				39				437
Technology-related			7.4				203				9				194
Trade names/trademarks			3.3				14				2				12
Total finite-lived intangible assets			7.8				976				185				791
Total intangible assets						$	18,554			$	185			$	18,369

N/A – Not Applicable

Estimated Amortization Expense for Finite-lived Intangible Assets

Estimated amortization expense for finite-lived intangible assets for each of the five succeeding years is as follows:

(in millions)
Year		Amount
2021		$	107
2022			103
2023			97
2024			92
2025			87