Segment Information (Tables)

12 Months Ended

Dec. 31, 2012

Financial Information for 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,	2012			2011			2010			2012			2011			2010			2012		2011			2010			2012			2011			2010
Net Revenues
Asset management and administration fees	$	1,109		$	1,053		$	976		$	934		$	875		$	846		$	—	$	—		$	—		$	2,043		$	1,928		$	1,822
Net interest revenue		1,479			1,468			1,297			285			257			227			—		—			—			1,764			1,725			1,524
Trading revenue		574			625			557			293			302			273			1		—			—			868			927			830
Other – net (1)		108			85			70			77			75			65			71		—			—			256			160			135
Provision for loan losses		(14	)		(15	)		(23	)		(2	)		(3	)		(4	)		—		—			—			(16	)		(18	)		(27	)
Net impairment losses on securities		(28	)		(27	)		(32	)		(4	)		(4	)		(4	)		—		—			—			(32	)		(31	)		(36	)
Total net revenues		3,228			3,189			2,845			1,583			1,502			1,403			72		—			—			4,883			4,691			4,248
Expenses Excluding Interest (2)		2,363			2,261			2,065			1,069			1,039			960			1		(1	)		444			3,433			3,299			3,469
Income before taxes on income	$	865		$	928		$	780		$	514		$	463		$	443		$	71	$	1		$	(444	)	$	1,450		$	1,392		$	779
Taxes on income																												522			528			325
Net Income																											$	928		$	864		$	454
Capital expenditures	$	91		$	120		$	91		$	47		$	70		$	36		$	—	$	—		$	—		$	138		$	190		$	127
Depreciation and amortization	$	148		$	108		$	93		$	48		$	47		$	52		$	—	$	—		$	1		$	196		$	155		$	146

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

⁽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.