v2.4.0.6
Discontinued Operations (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Revel
Jun. 30, 2011
Revel
Jun. 30, 2012
Revel
Jun. 30, 2011
Revel
Dec. 31, 2010
Revel
Jun. 30, 2012
Saxon
Dec. 31, 2011
Saxon
Jun. 30, 2011
Saxon
Jun. 30, 2012
Saxon
Jun. 30, 2011
Saxon
Jun. 30, 2012
Quilter
Jun. 30, 2011
Quilter
Jun. 30, 2012
Quilter
Jun. 30, 2011
Quilter
Jun. 30, 2012
Other
Jun. 30, 2011
Other
Jun. 30, 2012
Other
Jun. 30, 2011
Other
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                            
Net revenues $ 127 $ 80 $ 232 $ 147           $ 1 [1]   $ 30 [1] $ 77 [1] $ 54 [1] $ 132 [1] $ 36 [1] $ 163 [1] $ 69 [1] $ (6) [1],[2] $ 14 [1],[2] $ (8) [1],[2] $ 24 [1],[2]
Gain (loss) from discontinued operations 49 [3] (22) [3] 76 [3] (51) [3] 0 [1] 0 [1] 0 [1] (10) [1]   (40) [1],[4]   (29) [1],[4] (15) [1],[4] (63) [1],[4] 95 [1],[5] 6 [1],[5] 97 [1],[5] 9 [1],[5] (6) [1],[2] 1 [1],[2] (6) [1],[2] 13 [1],[2]
Impairment losses     33 3             98                      
Severance costs                   20     25                  
Pre-tax gain (loss) from disposal of discontinued operations                 $ (1,200)       $ 51       $ 108          
[1] Amounts included eliminations of intersegment activity.
[2] Amounts included in Other for the quarter and six months ended June 30, 2011 are related to the Company’s retail asset management business, CityMortgage Bank and other.
[3] See Notes 1 and 20 for discussion of discontinued operations.
[4] Amount for the six months ended June 30, 2012 included a pre-tax gain of approximately $51 million, primarily resulting from the subsequent increase in fair value of Saxon, which had incurred impairment losses of $98 million in the quarter ended December 31, 2011, as well as approximately $20 million and $25 million of severance costs incurred in the quarter and six months ended June 30, 2012, respectively, in connection with the disposition of Saxon.
[5] Amount for the quarter and six months ended June 30, 2012 included a pre-tax gain of approximately $108 million in connection with the sale of Quilter.