Restructuring Charges (Tables)

9 Months Ended

Sep. 30, 2014

Streamlining Actions

The following table presents the activity in the reserve through Sept. 30, 2014.



Streamlining actions – restructuring reserve activity
(in millions)	Total
Original restructuring charge	$	125
Utilization	(16		)
Balance at June 30, 2014	109
Net additional charges	53
Utilization	(55		)
Balance at Sept. 30, 2014	$	107

The table below presents the restructuring charge if it had been allocated by business.



Streamlining actions – restructuring charge by business (in millions)	3Q14		2Q14		Total charges since inception
Investment Management	$	7	$	15	$	22
Investment Services	23		76		99
Other segment (including Business Partners)	23		34		57
Total restructuring charge (recovery)	$	53	$	125	$	178

Operational Efficiency Initiatives 2011

The following table presents the activity in the restructuring reserve related to the Operational Excellence Initiatives through Sept. 30, 2014.



Operational Excellence Initiatives 2011 – restructuring reserve activity
(in millions)	Severance			Other			Total
Original restructuring charge	$	78		$	29		$	107
Net additional charges (net recovery/gain)	95			(57		)	38
Utilization	(129		)	28			(101		)
Balance at June 30, 2014	44			—			44
Net additional charge	4			—			4
Utilization	(12		)	—			(12		)
Balance at Sept. 30, 2014	$	36		$	—		$	36

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)	3Q14			2Q14			Total charges since inception
Investment Management	$	(2	)	$	—		$	50
Investment Services	4			(3		)	86
Other segment (including Business Partners)	2			(2		)	13
Total restructuring charge (recovery)	$	4		$	(5	)	$	149