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Deferred Compensation Plans and Carried Interest Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Compensation Related Costs [Abstract]  
Schedule of Stock-Based Compensation Expense These plans include RSUs, PSUs and an ESPP.
Stock-Based Compensation Expense
$ in millions202220212020
RSUs$1,827 $1,834 $1,170 
PSUs40 251 142 
ESPP8 — — 
Total$1,875 $2,085 $1,312 
Retirement-eligible awards1
$176 $192 $157 
1.Total expense includes stock-based compensation anticipated to be awarded in January of the following year that does not contain a future service requirement.
Schedule of Tax Benefit Related to Stock-Based Compensation Expense
Tax Benefit Related to Stock-Based Compensation Expense
$ in millions202220212020
Tax benefit1
$427 $432 $270 
1.Excludes income tax consequences related to employee share-based award conversions.
Schedule of Unrecognized Compensation Cost Related to Stock-Based Awards Granted
Unrecognized Compensation Cost Related to Stock-Based Awards Granted
$ in millions
At
December 31,
20221
To be recognized in:
2023$643 
2024282 
Thereafter48 
Total$973 
1.Amounts do not include forfeitures, future adjustments to fair value for certain awards or 2022 performance year compensation awarded in January 2023, which will begin to be amortized in 2023.
Schedule of Common Shares Available for Future Awards under Stock-Based Compensation Plans
Common Shares Available for Future Awards under Stock-Based Compensation Plans
in millionsAt
December 31,
2022
Shares134 
Schedule of Vested and Unvested RSU Activity
Vested and Unvested RSU Activity
 2022
shares in millionsNumber of
Shares
Weighted
Average
Award Date
Fair Value
RSUs at beginning of period67 $60.27 
Awarded23 96.61 
Conversions to common stock(25)51.71 
Forfeited(2)78.07 
RSUs at end of period1
63 $76.31 
Aggregate intrinsic value of RSUs at end of period
(dollars in millions)
$5,366 
Weighted average award date fair value
RSUs awarded in 202177.28 
RSUs awarded in 202055.01 
1.At December 31, 2022, the weighted average remaining term until delivery for the outstanding RSUs was approximately 1.2 years.
Schedule of Unvested RSU Activity
Unvested RSU Activity
 2022
shares in millionsNumber of
Shares
Weighted
Average
Award Date
Fair Value
Unvested RSUs at beginning of period39 $65.58 
Awarded23 96.61 
Vested(25)68.38 
Forfeited(2)78.07 
Unvested RSUs at end of period1
35 $83.41 
1.Unvested RSUs represent awards where recipients have yet to satisfy either the explicit vesting terms or retirement-eligible requirements.
Schedule of Fair Value of RSU Activity
Fair Value of RSU Activity1
$ in millions202220212020
Conversions to common stock$2,301 $1,539 $1,295 
Vested2,433 1,647 1,289 
Schedule of PSU Fair Value on Award Date
PSU Fair Value on Award Date
202220212020
MS Adjusted ROTCE/ROE$100.12 $74.87 $57.05 
Relative MS TSR102.17 83.70 65.31 
Schedule of Monte Carlo Simulation Assumptions
Monte Carlo Simulation Assumptions
Risk-Free
Interest Rate
Expected
Stock Price
Volatility
Correlation
Coefficient
Award year
20221.3 %38.9 %0.91 
20210.2 %39.0 %0.92 
20201.6 %24.0 %0.88 
Schedule of Deferred Cash-Based Compensation Plans
Deferred Cash-Based Compensation Expense
$ in millions202220212020
Deferred cash-based awards$761 $810 $1,263 
Return on referenced investments(716)526 856 
Total$45 $1,336 $2,119 
Retirement-eligible awards1
$264 $253 $194 
1.Total expense includes deferred cash-based compensation anticipated to be awarded in January of the following year that does not contain a future service requirement.
Schedule of Carried Interest Compensation Expense
Carried Interest Compensation Expense
$ in millions202220212020
Expense$225 $346 $215