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Restructuring Charges (Tables)
 3 Months Ended
Mar. 31, 2015
Streamlining Actions  
Restructuring Cost and Reserve [Line Items]  
Activity in Restructuring Reserve
The following table presents the activity in the reserve through March 31, 2015.

Streamlining actions 2014 – restructuring reserve activity
(in millions)
Total

Original restructuring charge
$
125

Net additional charges
59

Utilization
(92
)
Balance at Dec. 31, 2014
$
92

Net additional (recoveries)
(2
)
Utilization
(25
)
Balance at March 31, 2015
$
65
Restructuring Charges by Business Segment
The table below presents the restructuring charge if it had been allocated by business.

Streamlining actions 2014 – restructuring charge by business
Total charges since inception

(in millions)
1Q15

4Q14

Investment Management
$
—

$
1

$
23

Investment Services
2

(16
)
85

Other segment (including Business Partners)
(4
)
21

74

Total restructuring charge (recovery)
$
(2
)
$
6

$
182
Operational Efficiency Initiatives 2011  
Restructuring Cost and Reserve [Line Items]  
Activity in Restructuring Reserve
The following table presents the activity in the restructuring reserve related to the Operational Excellence Initiatives through March 31, 2015.

Operational Excellence Initiatives 2011 – restructuring reserve activity
(in millions)
Severance

Other

Total

Original restructuring charge
$
78

$
29

$
107

Net additional charges (net recovery/gain)
93

(57
)
36

Utilization
(143
)
28

(115
)
Balance at Dec. 31, 2014
28

—

28

Net additional (recoveries)
(2
)
—

(2
)
Utilization
(4
)
—

(4
)
Balance at March 31, 2015
$
22

$
—

$
22
Restructuring Charges by Business Segment
The table below presents the restructuring charge if it had been allocated by business.

Operational Excellence Initiatives 2011 – restructuring charge (recovery) by business
Total charges since inception

(in millions)
1Q15

4Q14

Investment Management
$
—

$
1

$
51

Investment Services
—

(2
)
84

Other segment (including Business Partners)
(2
)
(5
)
6

Total restructuring charge (recovery)
$
(2
)
$
(6
)
$
141