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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2011
Discontinued Operations  
Components of earnings and assets and liabilities of discontinued operations.

 

 

 
  2011
  2010
  2009
 
   
 
  (in millions)
 

Total net revenues

  $ 382   $ 467   $ 412  

Loss from discontinued operations

  $ (124 ) $ (40 ) $  

Gain on sale

    26          

Income tax benefit

    (38 )   (16 )   (1 )
   

Income (loss) from discontinued operations, net of tax

  $ (60 ) $ (24 ) $ 1  
   

 

 
  (in millions)
 
   

Assets:

       

Cash and cash equivalents

  $ 23  

Receivables

    40  

Other assets

    110  
   

Total assets held for sale

  $ 173  
   

Liabilities:

       

Long-term debt

  $ 5  

Accounts payable and accrued expenses

    26  

Other liabilities

    48  
   

Total liabilities held for sale

  $ 79