Discontinued Operations

3 Months Ended

Mar. 31, 2012

Discontinued Operations

Discontinued Operations

14.  Discontinued Operations

The components of loss from discontinued operations of Securities America were as follows:

	Three Months Ended March 31,
	2012			2011
	(in millions)
Total net revenues	$	—		$	122
Loss from discontinued operations	$	—		$	(116	)
Reduction of gain on sale	(2		)	—
Income tax benefit	(1		)	(45		)
Loss from discontinued operations, net of tax	$	(1	)	$	(71	)