Dispositions

9 Months Ended

Sep. 30, 2012

Discontinued Operations and Disposal Groups [Abstract]

Dispositions

Dispositions

Summarized Statements of Income data for discontinued operations is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions of dollars, except per share figures)	2012		2011		2012			2011
Other discontinued operations, net of tax	$	1	$	—	$	(1	)	$	—
Income (loss) from discontinued operations, net of tax	1		—		(1		)	—
Disposals of discontinued operations	—		3		—			11
Income tax (credit) expense	—		1		—			(6		)
Disposals of discontinued operations, net of tax	—		2		—			17
Discontinued operations, net of tax	$	1	$	2	$	(1	)	$	17
Discontinued operations, net of tax per share
– Basic	$	—	$	—	$	—		$	0.03
– Diluted	$	0.01	$	0.01	$	—		$	0.03

Discontinued operations for the nine months ended September 30, 2011 primarily relates to an insurance recovery for legal fees incurred at Putnam prior to its sale and a tax recovery under the indemnity related to the Putnam sale.