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Restructuring Charges (Tables) (Operational Efficiency Initiatives 2011)
 9 Months Ended
Sep. 30, 2013
Operational Efficiency Initiatives 2011
  
Activity in Restructuring Reserve
The following table presents the activity in the restructuring reserve related to the Operational Excellence Initiatives through Sept. 30, 2013.

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

Other

Total

Original restructuring charge
$
78

$
29

$
107

Net additional charges (net recovery/gain)
62

(57
)
5

Utilization
(70
)
28

(42
)
Balance at June 30, 2013
$
70

$
—

$
70

Net additional charges
15

—

15

Utilization
(14
)
—

(14
)
Balance at Sept. 30, 2013
$
71

$
—

$
71
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)
3Q13

2Q13

Investment Management
$
(2
)
$
(1
)
$
46

Investment Services
16

4

80

Other segment (including Business Partners)
1

(1
)
1

Total restructuring charge
$
15

$
2

$
127