Segment Information (Tables)

12 Months Ended

Dec. 31, 2011

Financial Information for the Company's Reportable Segments

Financial information for the Company’s reportable segments is presented in the following table:

	Investor Services									Institutional Services									Unallocated									Total
Year Ended December 31,	2011			2010			2009			2011			2010			2009			2011			2010			2009			2011			2010			2009
Net Revenues
Asset management and administration fees	$	1,053		$	976		$	968		$	875		$	846		$	907		$	—		$	—		$	—		$	1,928		$	1,822		$	1,875
Net interest revenue		1,468			1,297			1,058			257			227			187			—			—			—			1,725			1,524			1,245
Trading revenue		625			557			679			302			273			317			—			—			—			927			830			996
Other		85			70			93			75			65			82			—			—			—			160			135			175
Provision for loan losses		(15	)		(23	)		(34	)		(3	)		(4	)		(4	)		—			—			—			(18	)		(27	)		(38	)
Net impairment losses on securities		(27	)		(32	)		(54	)		(4	)		(4	)		(6	)		—			—			—			(31	)		(36	)		(60	)
Total net revenues		3,189			2,845			2,710			1,502			1,403			1,483			—			—			—			4,691			4,248			4,193
Expenses Excluding Interest (1)		2,261			2,065			1,906			1,039			960			929			(1	)		444			82			3,299			3,469			2,917
Income before taxes on income	$	928		$	780		$	804		$	463		$	443		$	554		$	1		$	(444	)	$	(82	)	$	1,392		$	779		$	1,276
Taxes on income																													(528	)		(325	)		(489	)
Net Income																												$	864		$	454		$	787
Capital expenditures	$	120		$	91		$	95		$	70		$	36		$	44		$	—		$	—		$	—		$	190		$	127		$	139
Depreciation and amortization	$	108		$	93		$	100		$	47		$	52		$	59		$	—		$	1		$	—		$	155		$	146		$	159

(1) 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.