Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible assets at December 31, 2021 and 2020 consisted of the following:

(in millions)		Remaining Weighted- Average Estimated Useful Life				Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
At December 31, 2021
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			3.5				244				169				75
Investor/customer relationships			8.0				746				169				577
Technology-related			4.1				261				49				212
Trade names/trademarks			3.0				23				12				11
Total finite-lived intangible assets			6.6				1,274				399				875
Total intangible assets						$	18,852			$	399			$	18,453

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

N/A – Not Applicable

Summary of Finite Lived Intangible Assets Weighted Average Remaining Useful Life of Remaining amortization Expense

The finite-lived intangible assets had a weighted-average remaining useful life of approximately nine years with remaining amortization expense as follows:

(in millions)
Year		Amount
2022		$	40
2023			38
2024			32
2025			29
2026			26
Thereafter			85
Total		$	250

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

(in millions)
Year		Amount
2022		$	150
2023			142
2024			131
2025			123
2026			116