Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Financial Information for Reportable Segments


	Investor Services						Advisor Services						Unallocated						Total
Year Ended December 31,	2013		2012		2011		2013		2012		2011		2013		2012		2011		2013		2012		2011
Net Revenues:
Asset management and
administration fees	$	1,627	$	1,436	$	1,357	$	689	$	607	$	571	$	(1)	$	-	$	-	$	2,315	$	2,043	$	1,928
Net interest revenue		1,756		1,559		1,542		224		205		183		-		-		-		1,980		1,764		1,725
Trading revenue		621		612		667		292		255		260		-		1		-		913		868		927
Other – net (1)		178		123		98		57		62		62		1		71		-		236		256		160
Provision for loan losses		1		(15)		(16)		-		(1)		(2)		-		-		-		1		(16)		(18)
Net impairment losses
on securities		(9)		(29)		(29)		(1)		(3)		(2)		-		-		-		(10)		(32)		(31)
Total net revenues		4,174		3,686		3,619		1,261		1,125		1,072		-		72		-		5,435		4,883		4,691
Expenses Excluding Interest		2,899		2,693		2,569		831		739		731		-		1		(1)		3,730		3,433		3,299
Income before taxes on income	$	1,275	$	993	$	1,050	$	430	$	386	$	341	$	-	$	71	$	1	$	1,705	$	1,450	$	1,392

Capital expenditures	$	190	$	98	$	134	$	80	$	40	$	56	$	-	$	-	$	-	$	270	$	138	$	190
Depreciation and amortization	$	155	$	157	$	122	$	47	$	39	$	33	$	-	$	-	$	-	$	202	$	196	$	155

(1)	Unallocated amount includes a non-recurring gain of $70 million relating to a confidential resolution of a vendor dispute in 2012.

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details