MetLife, Inc. Notes to the Consolidated Financial Statements — (Continued) Information regarding other policy-related intangibles was as follows: (1) In connection with the Company’s annual impairment testing of VOCRA, it was determined that the VOCRA included in the Group, Voluntary & Worksite Benefits segment, associated with a previously acquired dental business, was impaired as the undiscounted future cash flows associated with the asset were lower than its current carrying value. This shortfall in undiscounted future cash flows is primarily the result of actual persistency experience being less favorable than what was assumed when the asset was acquired. As a result of this impairment, the Company wrote the asset down to its estimated fair value, which was determined using the discounted cash flow valuation approach. The Company recorded a non- cash charge of $77 million ($50 million, net of income tax) for the impairment of the VOCRA balance to other expenses in the consolidated statement of operations for the year ended December 31, 2012. The estimated future amortization expense (credit) to be reported in other expenses for the next five years is as follows: MetLife, Inc. 110 VOBA VODA and VOCRA Negative VOBA (In millions) 2013 ................................................................ $ 1,048 $ 77 $ (521) 2014 ................................................................ $ 909 $ 80 $ (445) 2015 ................................................................ $ 763 $ 81 $ (364) 2016 ................................................................ $ 667 $ 77 $ (284) 2017 ................................................................ $ 574 $ 73 $ (166) Years Ended December 31, 2012 2011 2010 (In millions) Deferred Sales Inducements Balance at January 1, .............................................................................. $ 926 $ 918 $ 841 Capitalization ..................................................................................... 81 140 157 Amortization ..................................................................................... (77) (132) (80) Balance at December 31, ........................................................................... $ 930 $ 926 $ 918 VODA and VOCRA Balance at January 1, .............................................................................. $1,264 $1,094 $ 792 Acquisitions ..................................................................................... — 213 356 Amortization (1) ................................................................................... (150) (60) (42) Effect of foreign currency translation ................................................................... (6) 17 (12) Balance at December 31, ........................................................................... $1,108 $1,264 $1,094 Accumulated amortization ........................................................................... $ 334 $ 184 $ 124 Negative VOBA Balance at January 1, .............................................................................. $3,657 $4,287 $ — Acquisitions ..................................................................................... 10 7 4,422 Amortization ..................................................................................... (622) (697) (64) Effect of foreign currency translation ................................................................... (129) 60 (71) Balance at December 31, ........................................................................... $2,916 $3,657 $4,287 Accumulated amortization ........................................................................... $1,383 $ 761 $ 64 December 31, 2012 2011 (In millions) Retail ................................................................................................. $11,500 $11,681 Group, Voluntary & Worksite Benefits ........................................................................ 382 377 Corporate Benefit Funding ................................................................................ 96 89 Latin America .......................................................................................... 1,231 1,050 Asia .................................................................................................. 9,554 9,554 EMEA ................................................................................................ 1,998 1,866 Corporate & Other ...................................................................................... — 2 Total ............................................................................................... $24,761 $24,619