Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations

Discontinued Operations

14.  Discontinued Operations

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

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(in millions)
Total net revenues	$	—		$	118		$	—		$	240
Loss from discontinued operations	$	—		$	(3	)	$	—		$	(119	)
Reduction of gain on sale	(1		)	—			(3		)	—
Income tax expense (benefit)	—			1			(1		)	(44		)
Loss from discontinued operations, net of tax	$	(1	)	$	(4	)	$	(2	)	$	(75	)