Consolidated Statements of Income (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011		Dec. 31, 2010		Dec. 31, 2009
Net Revenues
Asset management and administration fees	$ 1,928		$ 1,822		$ 1,875
Interest revenue	1,900		1,723		1,428
Interest expense	(175)		(199)		(183)
Net interest revenue	1,725		1,524		1,245
Trading revenue	927		830		996
Other	160		135		175
Provision for loan losses	(18)		(27)		(38)
Net impairment losses on securities	(31)	[1]	(36)	[1]	(60)	[1]
Total net revenues	4,691		4,248		4,193
Expenses Excluding Interest
Compensation and benefits	1,732		1,573		1,544
Professional services	387		341		275
Occupancy and equipment	301		272		318
Advertising and market development	228		196		191
Communications	220		207		206
Depreciation and amortization	155		146		159
Class action litigation and regulatory reserve	7		320
Money market mutual fund charges			132
Other	269		282		224
Total expenses excluding interest	3,299	[2]	3,469	[2]	2,917	[2]
Income before taxes on income	1,392		779		1,276
Taxes on income	(528)		(325)		(489)
Net Income	$ 864		$ 454		$ 787
Weighted-Average Common Shares Outstanding - Diluted	1,229	[3]	1,194	[3]	1,160	[3]
Earnings Per Share - Basic	$ 0.70		$ 0.38		$ 0.68
Earnings Per Share - Diluted	$ 0.70		$ 0.38		$ 0.68

[1] Net impairment losses on securities include total other-than-temporary impairment losses of $18 million, $41 million, and $278 million, net of $(13) million, $5 million, and $218 million recognized in other comprehensive income in 2011, 2010, and 2009, respectively.

[2] Unallocated amount primarily includes class action litigation and regulatory reserves of $320 million and money market mutual fund charges of $132 million in 2010, and facilities and severance charges relating to the Company's cost reduction measures in 2009.

[3] Antidilutive stock options and restricted stock awards excluded from the calculation of diluted EPS were 63 million, 52 million, and 53 million shares in 2011, 2010, and 2009, respectively.